Daily Gold, Morning Session (11/5):
(Daily Gold is only a personal intraday short-term analysis and forecast, and should not be used as a basis for copy trading. Trading involves risk, so please prioritize risk management!)
Gold has made a sudden jump, breaking out of the trend channel; the daily chart’s 20-day moving average also looks poised to break upward.
Is it real or not? Let’s wait for confirmation during the Shanghai session.
We may not even have to wait for confirmation from the Shanghai session, because as I’m writing this, gold has already started surging.
The next resistance lies in the 4105–4110 area. A pullback is expected around this level, though it may not be significant. If gold fails to fall meaningfully, we’ll see 4220 again before long.
I heard there was some news about Vance this morning, and it’s also bullish for gold. Trump has taken quite a thorough beating this time. $XAU
(Daily Gold is only a personal intraday short-term analysis and forecast, and should not be used as a basis for copy trading. Trading involves risk, so please prioritize risk management!)
Gold has made a sudden jump, breaking out of the trend channel; the daily chart’s 20-day moving average also looks poised to break upward.
Is it real or not? Let’s wait for confirmation during the Shanghai session.
We may not even have to wait for confirmation from the Shanghai session, because as I’m writing this, gold has already started surging.
The next resistance lies in the 4105–4110 area. A pullback is expected around this level, though it may not be significant. If gold fails to fall meaningfully, we’ll see 4220 again before long.
I heard there was some news about Vance this morning, and it’s also bullish for gold. Trump has taken quite a thorough beating this time. $XAU