Gold, horror level up!
The news of a tariff increase to 245% caused gold to rise by $150, reaching above $3350.
This may be the most outrageous trend I've seen in my life with gold, rising $350 due to trade conflicts.
Don't talk about any technology in this process, it's just a safe haven boost. Just dare to chase and enter, otherwise it will be difficult.
It concerns two points:
Where did gold rise to?
From the current performance, continuously breaking through highs and reaching a peak of $100 per day in the past few days is basically meaningless. If tariffs ease, they will naturally fall. Otherwise, US bonds will rise and gold will panic and rise.
When will the trend change?
Non technical forms, don't ask about technical matters. Now that tariffs are easing, gold prices will immediately plummet. When you see the news, turn your back and go short. Tariffs will continue to be tight, and gold will continue to be strong.
For today, we will continue to be bullish and bullish.
In terms of location, focus on two points:
1. The morning cycle rises, extremely strong or excessive.
2. One is the bottom of the hourly chart and the other is the position where it continues to rise in the early morning.
This is just over two o'clock in the morning.
And there is nothing to say about the goals and forms in this trend.
Even if we follow the pattern, it doesn't make much sense to talk about form. We can only see the operation of time cycle and form cycle.
The above only represents the author's personal views and opinions. Investment carries risks, and caution is required when entering the market
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