Driving events
The recent global economic situation is complex and changeable, and major events have far-reaching impacts. In terms of trade, although the United States has exempted some products from tariffs, repeated policies have led to increased trade tensions. Asian powers have imposed a 125% tariff on US imports, impacting the global industrial chain and supply chain. Looking ahead to this week, investors need to pay attention to the trade situation and risk aversion. The US “terrorist data” and the European Central Bank’s interest rate decision will also affect the global financial market. Policymakers and investors need to respond with caution.
Commentary Analysis
In terms of gold, the overall gold price showed a sharp rise last Friday.
As for the four-hour level, the current focus needs to be on the support level of the 3200 area. This position is the key dividing line that determines the short-term trend of gold. If the price is above this position, it will continue to be long in the short term. Let us wait and see, waiting for good news from everyone.
Strategy package
Upper pressure——3260-3280
Lower support——3210-3200
Target 3220-30 to continue to do more
Take profit 3250
Stop loss 3210
⭐️Note: Labaron hopes that traders can properly manage their capital
– Choose the number of lots that matches your capital
– Take profit equals 4-7% of the capital account
– Stop loss equals 1-3% of the capital account