Gold surged and then fell back to fluctuate, pay attention to 33

The first goal of trading is survival, and the second is profit.

📌 Driving events


After experiencing the biggest drop in five months, gold prices rose on Thursday (April 24) and returned to above the 3300 mark.

After US President Trump hinted that tariffs on China might be reduced and expressed no intention to remove Federal Reserve Chairman Powell, the market's risk aversion has cooled down. Gold hit a high of $3,367 during the Asian trading session, which can be regarded as ice and fire!

📊Comment analysis



For participants in the gold market, the impact of this price plunge is self-evident. The stock prices of gold mining companies have fallen accordingly, and the production capacity that expanded in the early stage due to the rise in gold prices may face the risk of shrinking profits.

At present, gold is under obvious pressure from above, and what needs to be paid attention to now is that the current round of gold adjustments is likely to continue, which means that it is not time to buy the bottom yet!

💰Strategy Package

Except for the early morning wave, the strength of the hourly line rebound is actually somewhat weak. As for the European session, Labaron is more inclined to continue to be bearish, and the current first round of rebound pressure is around 3350! If the rebound is in place, you can continue to try short orders!

⭐️ Note: Labaron hopes that traders can properly manage their funds

- Choose the number of lots that matches your funds

- Profit is 4-7% of the fund account

- Stop loss is 1-3% of the fund account