The chart shows that the gold price has successfully broken through the key resistance level of $3,400 and is currently fluctuating between $3,420 and $3,450, indicating that bullish forces are dominant in the short term. The $3,450 level has become a new resistance. If broken, it will attract more trend - chasing funds and drive the price higher; the $3,400 level has turned into strong support, and a breakdown could trigger panic selling.
The K - line chart shows strong bullish momentum recently, but the lengthening upper shadows suggest that bearish forces are also stepping in at high levels, intensifying the tug - of - war between bulls and bears. The moving average system is in a bullish arrangement with a golden cross formed, but the significant deviation of the price from the moving averages indicates a need for a correction to repair technical indicators.
In the short term, geopolitical conflicts may continue to support the upward movement of gold prices. However, the situation in the Middle East, U.S. economic data, and the Federal Reserve's monetary policy are all key variables. If the conflicts ease or the Fed turns hawkish, the gold price will face correction pressures.
XAUUSD
buy@3410-3420
tp:3440-3450
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
The K - line chart shows strong bullish momentum recently, but the lengthening upper shadows suggest that bearish forces are also stepping in at high levels, intensifying the tug - of - war between bulls and bears. The moving average system is in a bullish arrangement with a golden cross formed, but the significant deviation of the price from the moving averages indicates a need for a correction to repair technical indicators.
In the short term, geopolitical conflicts may continue to support the upward movement of gold prices. However, the situation in the Middle East, U.S. economic data, and the Federal Reserve's monetary policy are all key variables. If the conflicts ease or the Fed turns hawkish, the gold price will face correction pressures.
XAUUSD
buy@3410-3420
tp:3440-3450
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
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