Gold bulls are in the driver's seat, beware of a pullback!

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Fundamental analysis:

A new round of tariff shocks has become a core factor affecting the trend of gold prices. "The rebound in gold reflects the market's growing concerns about tariff threats and the possible reshaping of global trade norms."

Technical interpretation:

The 4-hour chart shows that gold prices have now formed a clear upward channel, with support and resistance lines connecting lows and highs respectively. Recently, the price came near the MA200 moving average, and at the same time found buying near the key support level of $3015.00. From the MACD indicator, the DIFF line (0.41) and the DEA line (-8.65) have formed a golden cross, and the bar chart has turned red and the volume has increased, suggesting that upward momentum is accumulating. The RSI indicator is at the 60.47 level, close to but not yet in the overbought area, indicating that there is still room for upward movement. The CCI indicator is at 150.94. Although it is in the overbought area, the trend is strong and no obvious top divergence has yet to appear. It is worth noting that the recent price has not fallen below the lower track of the rising channel during the decline, indicating that bulls are still dominant.

Operational analysis:

The gold price is currently at a key technical position and has just retested the support level near MA55. If it can stand firm at this position, it is expected to retest the resistance level of $3090.00, and further breakthroughs may challenge the previous high of $3167.60. The short-term MACD golden cross signal strengthens the bullish expectations, but if the support of $3015.00 cannot be maintained, it may fall back to $2980.00. The lower track of the rising channel will be the key line of defense for the long-short boundary.
交易進行
Reference data for the day:

US March unadjusted CPI annual rate

US March seasonally adjusted CPI monthly rate

US initial jobless claims for the week ending April 5 (10,000 people)

US March seasonally adjusted core CPI monthly rate

US March unadjusted core CPI annual rate
交易結束:目標達成
Trading is active and it is correcting as we predicted.
註釋
90 Enter the market at high point and short sell, profit 30 points

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