Gold's rise has reached its peak and is bound to fall

https://www.tradingview.com/x/6ILjYVSe/

After the opening of the Asian trading session on Monday (April 1), spot gold rose sharply, with the gold price reaching a maximum of $2,265, a record high.
Global geopolitical tensions are one of the reasons for the rise in gold prices, and investors may consider gold as a neutral reserve asset. Strong safe-haven demand, expectations of U.S. interest rate cuts and central bank buying have given gold prices another upward momentum.
The short-term cycle is currently experiencing high fluctuations, and there is demand for a pullback. Therefore, in the current short cycle, we are waiting for the end of the hourly and 4-hour bulls; then we are currently focusing on the high point of 2270, breaking through the price and continuing to surge upward. On the contrary, there will be demand for the price to fall back.
My suggestion is to go short near the high price of 2265-2268 US dollars.
TP: USD 2150
Second TP: $2142
SL: $2278

交易進行

Gold is undergoing a short-term correction

交易進行

Gold prices are expected to continue to fluctuate and fall within a narrow range

交易進行

Gold is now showing a downward trend

交易進行

Gold price now near $2,250

交易進行

Although gold is currently showing a downward trend, in order to prevent gold from rebounding, do not place heavy positions

交易進行

Wait for gold price to reach around $2240