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Gold market overview
Safe-haven demand for gold continues to support gold prices, driven by escalating geopolitical tensions in the Middle East. Although the market expects progress in the U.S.-Iran agreement, there is still uncertainty before a formal agreement is reached, which makes gold prices tend to rise in the short term.
Key levels to follow:
4500 – main support level
4580 – major breakthrough level
4650 – Trend confirmation level
General expectations:
Gold prices are likely to maintain a “limited and upward” price range this week, with key strategic bargain hunting still in place.
day trading strategy
Buying strategies (key trends)
Buy around 4500-4510
Stop loss: 4490
Target: 4550-4560
Stretch goal: 4580
Sales strategy (short term only)
Short positions are limited near 4570-4580
Stop loss: 4590
Target: 4550-4540
⚠️If the 4580 level is broken through strongly and steadily, the position must be closed immediately.
Weekly Market Outlook
If safe-haven demand continues to rise, gold prices could test higher levels:
4650
4700
4750
The overall trend remains bullish:
“Uptrends in highly volatile markets.”
recommend:
Avoid randomly entering short positions and focus on pullbacks for buying opportunities.
The market is not without opportunities, the most important thing is who seizes the opportunities.
Gold is currently entering a critical stage of its rise, with increased volatility and accelerated short-term profit potential.
I am grateful to the TradingView community for their continued support and companionship throughout this journey and am extremely grateful to every passionate, dedicated and loyal trader in the market.
I look forward to connecting with more traders who share my passion, exchanging market insights, sharing trading ideas, and growing together in the continued volatility of financial markets.
Let us all stay true to our original goals, stay disciplined, and keep moving forward on this trading journey.
Welcome to communicate, interact and grow with traders from all over the world.