Gold keeps rising to new highs.

The ups and downs of the market test the deceitful minds of traders. It seems to be going up but it feels like it is going to fall. Most of the time, the market is in such a chaotic state. Investors involved in the transaction have different personalities and moods. Different will cause hallucinations, so most investors choose subjective assumptions in this secret and tangled trend. However, Xinyi continues to adhere to the concept based on the gains and losses of the market's key resistance and support. Don't do anything until the key resistance and support are broken. Guess, don’t be confused after the position is broken. Reading and listening carefully to the market language is one of the core points for successful trading!

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Spot gold continues to rise, once reaching a new all-time high of 2449. It is currently trading at 2446. The price of gold rose by US$33 in early trading. Helped by the announcement of stimulus measures by major Asian countries and the rising expectations of U.S. interest rate cuts, gold prices rose for the second consecutive week. At present, the overall market is clearly biased towards gold bulls. The survey shows that most analysts and retail investors tend to be bullish on the gold market outlook. Investors need to continue to pay attention to news related to the Iranian President, as it may affect changes in risk aversion sentiment. There is relatively little economic data this trading day, and Fed Barr will make a speech, which investors need to pay attention to. In addition, the minutes of the Federal Reserve meeting will be released this week, and investors need to pay attention to changes in market expectations.

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From a technical point of view, the weekly line has continued to close positive, and the overall structural indicators are still bullish. The daily line rose based on the upper track of the Bollinger Bands. The price broke the historical high of 2449. The Bollinger Bands moved upward as a whole. The short-term moving average showed an upward golden cross. Other cyclical indicators also maintained a bullish arrangement. Coupled with the risk aversion caused by the geopolitical situation, The daily line also needs to be prepared for gold prices to fall sharply from highs at any time. In the 4 hours, stimulated by risk aversion, the price of gold rose again this morning, setting a new historical high, and there was a wave of decline of 18 US dollars. Logically speaking, it should be beneficial to the continued development of short sellers, but because the price has always been running above the short-term Bollinger Band mid-track, and The short-term moving average continues to rise, currently forming support at 2413 and 2405 respectively. In addition, the Bollinger Bands are running upward as a whole, and other periodic indicators maintain a bullish arrangement, so bulls have the advantage. However, it is worth noting that the KDJ indicator is also showing signs of turning downward, which means that the power of shorts is gradually growing. Therefore, even if the bulls have the advantage, the overall 4-hour level should not be too bullish.

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Operation idea: The intraday operation suggestion is mainly based on the low and long idea. The lower support focuses on 2413-2405. As a support for short-term retracement confirmation, it is of great significance to the bulls. Above it, we can look towards 2450-2460, and even 2500 is possible. ; if the bears break through strongly, it means that a new round of downward space is opened, and there is a high probability that it will drop to the visible support area of 2390-2360. For suppression from above, first pay attention to 2450, and then focus on 2460. I believe that as long as the gold price holds 2420 during the day, the latter will most likely hit it. However, if today's closing can close in the upper area of 2420-2410, it will be a retracement.

Trade active:

Gold does not change its upward trend

Trade active:

Gold is correcting

Trade active:

The first wave of profits from short-term trading has been achieved