4month17Analysis of the Trend of the Japanese Gold Market

4month17daygoldAnalysis of market trends

Against the backdrop of a complex global economic situation and ongoing geopolitical conflicts, the gold market, as a barometer of the economy and a representative of safe haven assets, has attracted much attention in recent times.4month17On this day, the price of gold has once again become the focus of investors' attention, with fierce battles between long and short sides, and the market is in a critical period of directional decision-making.

From the perspective of a daily chart, it can be observed that gold bulls have been continuously attacking upwards, and the bullish pattern is extremely stable. Over a long period of time in the past, the price of gold has been fluctuating along5Daily moving average10The daily moving average and other short-term moving averages have steadily climbed above them, breaking historical highs one after another and showing an extremely strong upward trend.4month14The significant rise on the day successfully broke through the key resistance range and set a new milestone, fully demonstrating the absolute advantage of bulls.

Hour chart,MACDThe indicator shows a mixed state of long and short, indicating that the market will experience significant fluctuations in the short term. currentMACDIndicatorDIFLine andDEAThe line repeatedly crosses above the zero axis, with alternating red and green bars, indicating intuitively that the forces of the long and short sides are in a stalemate. At present, the market is in a volatile phase, which is a critical period for the market's long and short forces to readjust. Bears attempt to suppress prices, while bulls actively defend, with both sides refusing to compromise. From the perspective of the moving average system, short-term moving averages are intertwined with each other, such as5Hourly moving average10Hourly moving average20The hourly moving average and other indicators show a state of confusion, indicating a significant increase in uncertainty in market direction.

geopoliticsZZThe continuous escalation of conflicts and the uncertainty of global economic growth are one of the core factors driving the trend of gold prices. Trump's tariff policies are unpredictable, and the shadow of the trade war has always shrouded the global economy. Although the White House has recently exempted high tariffs on electronic products from most countries, the uncertainty of trade frictions remains high, and the risk of global economic recession is intensifying.

At the same time, the tension in the Middle East, the escalation of the conflict between Israel and Hizbullah, and the continuation of the Russia-Ukraine conflict have kept investors' risk aversion high. In this context, gold, as a traditional safe haven asset, has been widely favored by investors, and a large amount of funds have poured into the gold market, driving the price of gold to continue to rise.

In the current complex and volatile market environment, although there is significant uncertainty in the trend of gold, the overall bullish trend is still quite evident. In the short term, due to technical overbought and profit taking pressure, there is a demand for a pullback in gold prices. However, supported by fundamental positive factors such as trade uncertainty, weak US dollar, global central bank gold purchases, and geopolitical risks, the extent of the pullback may be relatively limited.

If the price of gold can stabilize after a correction3300The integer level of the US dollar and further breakthrough3350 - 3380US dollar pressure range It is expected to look up from above3400The US dollar and even higher regions; If you can't stand firm3300The US dollar needs to be closely monitored below3250The key support level for the US dollar, if it falls below this level, may trigger a certain degree of correction, but3200 - 3220The US dollar range is expected to receive strong support.

Short term investors may consider a pullback to3250 - 3280Short position in the US dollar range, with stop loss set at3230Below the US dollar; If the price rebounds to3350 - 3380In the US dollar range, you can try to short with a light position and set the stop loss at3400Above USD For medium to long-term investors, given the long-term investment value of gold and the uncertainty of the global economy and politics, it is advisable to allocate gold assets appropriately to diversify investment risks.