Spot gold briefly moved higher, setting a new all-time high at $2,356.06 per ounce on Monday. The breakout to the round number 2400 will continue this week!
After reducing their gold holdings at the turn of the century, central banks are once again increasing their holdings of gold, and with great vigour.
Geopolitical tensions have also intensified will further push up gold prices.
Therefore, the downside risk of gold prices is limited, and the upside is still very large. The possibility of gold prices reaching $3,000 or $3,500 per ounce is much greater than the possibility of falling back to $1,600.
The current strategy suggests that we still maintain the M buy idea, and when the subsequent price retracement occurs, buy on the low side of the main, should not enter the sell order.
Lower attention to 2331 U.S. dollars near support, as well as $2322 near support; above attention to $2350 near resistance, as well as $2370 near resistance; more real-time signals, the home page can add my contact information!
Comments
Gold prices yesterday continued to rebound to close the sun, creating a new high point, although charged high fall form, there is a certain rebound top expectations, but also still running above the 5-day average, the chart indicators signal no obvious signs of weakness, then in the decline to below the 5-day average, the gold price is expected to hit the expectations and power of the 2400 U.S. dollars near. Preliminary intraday point reference: gold: below the attention of 2342 near support, and 2334 near support; above the attention of 2365 near resistance, and 2374 near resistance; gold trend is still temporarily up trend control-oriented trend! Operation continue to buy mainly! Strategy: Buy: 2345-48 T/P:2365-70 S/L according to personal habits set!