Where will gold fall if it loses strong support?
1. The fact that the Iranian government downplayed the attack on Israel and said it would not retaliate has cost the market some risk premium.
2. Spokesperson of the Iranian Ministry of Foreign Affairs: Israel has received the necessary response at the current stage. The Israeli attack was trivial and militarily worthless.
3. The Israel Defense Forces issued a statement that night saying that the Israeli army monitored about 35 rockets fired from southern Lebanon towards the northern city of Safed and surrounding areas, causing no casualties. Subsequently, the Israeli military fired back at the source of the rocket launch.
4. The Polish President said that Poland is ready to deploy nuclear weapons.
5. Russian Defense Ministry: Russian troops have taken control of the eastern Ukrainian village of Novomy Khailivka.
Iran has also made it clear that it will not retaliate against Israel's attack, so the risk aversion sentiment in gold is also falling sharply. The entire sentiment caused by the conflict between Iran and Israel is likely to be completely retreated, and gold is likely to return to where it started. Location. However, there is support from the geopolitical conflicts in the Middle East and the Russia-Ukraine conflict, so there is still some support below gold and it will not keep falling.
The golden hour chart is still in a downward trend. For the current market, a larger rebound correction is bound to be carried out after the sharp decline. The high point of the short-term rebound is around 2320.
2. Spokesperson of the Iranian Ministry of Foreign Affairs: Israel has received the necessary response at the current stage. The Israeli attack was trivial and militarily worthless.
3. The Israel Defense Forces issued a statement that night saying that the Israeli army monitored about 35 rockets fired from southern Lebanon towards the northern city of Safed and surrounding areas, causing no casualties. Subsequently, the Israeli military fired back at the source of the rocket launch.
4. The Polish President said that Poland is ready to deploy nuclear weapons.
5. Russian Defense Ministry: Russian troops have taken control of the eastern Ukrainian village of Novomy Khailivka.
Iran has also made it clear that it will not retaliate against Israel's attack, so the risk aversion sentiment in gold is also falling sharply. The entire sentiment caused by the conflict between Iran and Israel is likely to be completely retreated, and gold is likely to return to where it started. Location. However, there is support from the geopolitical conflicts in the Middle East and the Russia-Ukraine conflict, so there is still some support below gold and it will not keep falling.
The golden hour chart is still in a downward trend. For the current market, a larger rebound correction is bound to be carried out after the sharp decline. The high point of the short-term rebound is around 2320.
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If you want to know the entry point, take profit and stop loss point, you can click on the link below the article, I will share my thoughts on the market every day
Handel aktiv
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Gold long orders are making profits
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For friends who are long at low levels, you can take profits on highs
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Gold has been relatively volatile in the past few days, so when the trend is unclear, it is not suitable to hold long or short orders for a long time. You must know how to take profit and stop loss.
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Gold has rebounded slightly in the short term, and the risk of going long again has increased. The prudent strategy is to wait for the gold price to rebound to the upper pressure level of 2319 and go short.
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If you want to know the entry point, take profit and stop loss point, you can click on the link below the article, I will share my thoughts on the market every day
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Gold falls short term
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Gold continues to fall
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Gold short orders are making profit
