📌 Gold news
On Monday, boosted by the risk aversion of the Iran-Israel war, the gold price hit a high of 3452, but the continuity was not strong, and a series of other adjustments appeared; let’s briefly sort it out:
1: Adjustment: Adjustment is normal. If the market rises, if the risk aversion does not continue to exert force, then the gold price can only return to technical adjustments. Therefore, Monday’s adjustment trend and the decline trend are normal!
2: Risk aversion trend: The risk aversion trend will not be reversed for the time being! Once the war starts, it will not end easily; unless the interests of both sides are not damaged, the two sides agree to a ceasefire, but at present, the hope and probability are relatively small, so the risk aversion trend is the mainstream of the current global market;
3: The direction of the Iran-Israel war is nothing more than a few possibilities:
A: The war expands, the surrounding countries stand in line, and the US and Western imperialism join the battlefield; the war expands rapidly! At the same time, Iran is forced to block the Strait of Hormuz! This is a manifestation of escalating war;
B: Both sides, as well as the forces behind them, have calculated their interests, reached an agreement, and agreed to end the war conflict; this mainly depends on Iran’s attitude; is it “powerful and unyielding”, continuing to oppose the United States and imperialism; or is it pro-American, completely changing its identity, or changing its identity to submit to Israel and the United States;
To sum up: risk aversion eased slightly on Monday, but the overall global market is still risk-averse; technical adjustments are normal trends; but don’t completely ignore the importance of risk aversion and risk aversion control because of technical adjustments; in addition, the subsequent results of the Middle East war are nothing more than the above two; what determines all this is the attitude of both sides;
📊Comment Analysis
Although the gold price fell below 3400 and the short-term trend changed, the general direction still remains bullish. In the future, it is still expected to hit the high point of 3500, but it is necessary to wait patiently for the bottom to stabilize before choosing the opportunity to buy the bottom. The current market is changing rapidly, and investors should adhere to the principle of following the trend and flexibly adjust their trading strategies.
💰Strategy Package
Short-term gold 3383-3393 long, stop loss 3372, target 3420-3440;
Short-term gold 3420-3430 short, stop loss 3435, target 3390-3370;
⭐️ Note: Labaron hopes that traders can properly manage their funds
