Gold hits a new high with strong momentum, and the 3300 mark will soon arrive!
Gold has risen too much! In the morning session, the gold price directly rose to $3200 per ounce, setting a new historical high. The cumulative increase from the beginning of the year to now has reached 22%! From the perspective of driving factors, the crisis of trust in the US dollar has intensified, and central banks around the world continue to purchase gold. Meanwhile, the prolonged tariff war has not been resolved, and last night's US March CPI data further boosted the rise of gold, highlighting its attractiveness as a zero interest asset.
Today's morning session, gold has risen to the 3220 level, indicating an increase in safe haven demand. Most people have a high level of attention and willingness to purchase gold. From the trend of the market, gold has already stabilized at the high point of 3167 in the early stage, and the bullish trend has been continued. In recent days, the daily increase in gold prices has exceeded the $100 space. It is believed that the increase in gold prices today will not be too small, and today's gold is further expected to move towards the 3300 level. The market is waiting for a pullback, so go long and support the 3167 line!
Specific strategies
Buy long gold 3167, stop loss 3157. Target 3220
Disclaimer: The above suggestions are for reference only. Investment carries risks, and caution should be exercised when operating
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