Gold has once again been affected by tariffs and has risen sharply, indicating a bullish short-term trend!
Yesterday, gold rose in a straight line, mainly because Trump announced that he would impose 100% tariffs on all films produced abroad that entered the United States, which again triggered global trade tensions. At the same time, the Russia-Ukraine conflict continued, and the situation in the Middle East became tense again. For example, Israel's missile attacks reported the return of Yemeni Hussain armed forces and Iran, which stimulated the safe haven nature of gold and pushed gold prices up.
For today's market, the early opening directly rose by more than 40 US dollars, and the bulls were strong and powerful. Therefore, we definitely cannot go short. We can take advantage of the situation and focus on the low point of 3323 below. If gold continues to maintain its strength, it is impossible to fall below the 3323 line again. Therefore, we are looking for opportunities to go long above 3323 in the early morning!
Specific strategies
Buy long for gold 3338, stop loss 3330. Target 3360
Disclaimer: The above suggestions are for reference only. Investment carries risks, and caution should be exercised when operating
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