Gold price timing is more important than direction

לפני 6 ימים

https://www.tradingview.com/x/QaLdxFsK/

News：

Spot gold continued its upward trend for the fifth consecutive day in Asian trading on Thursday (October 16), reaching a new record high of $4,255 per ounce as global anxiety persisted.

Investor concerns about the economic risks posed by the US government shutdown, international trade wars, and escalating geopolitical tensions continued to drive flows into gold, a traditional safe-haven asset.

Furthermore, the Federal Reserve's dovish outlook supported demand for non-yielding bullion.

Specifically:

Looking at the 4-hour market trend, the short-term support at 4200-4190 is currently under consideration, with a focus on the key support at 4160-4166. The bulls are rising strongly and there is no end in sight. Trading strategies should focus on buying on pullbacks. In the middle, be cautious in chasing orders and patiently wait for key entry points. I will provide you with specific operation strategies in the channel, please pay attention to it in time.

Trading strategy:

Buy: 4220-4210, SL: 4200, TP: 4260-4275

לפני 6 ימים

עסקה פעילה

The US government shutdown entered its third week and trade frictions between Asian countries and the United States escalated, prompting continued demand for safe-haven assets.