Earlier, US President Trump made astonishing remarks. Trump shared his insights on negotiations on his social media platform, stating that the "golden rule of negotiation and success: whoever has gold sets the rules," which means whoever has gold dominates. Affected by the remarks of US President Trump, spot gold prices opened higher, with gold prices surging above 3380, setting a new intraday high. At the same time, the US dollar index fell below the 99 level for the first time since April 2022.

The opening of the day saw a direct rise, with bulls showing strong momentum and reaching a new historical high. The short-term upward trend remains strong, and there is still room for growth. In the short term, attention should be paid to the suppression of 3390, and breaking the level will depend on the 3400 level. During this period, we have been reminding everyone that gold is still in a very strong trend. Looking back at the previous week, although gold occasionally fell, it still maintained an upward trend, and the trend is still running according to the bullish rhythm.

So now that we have broken through the previous high point, many investors are starting to feel confused again. Can we still go up? Can an empty ticket still be processed? My viewpoint is bullish, and there is actually no strong pressure above, based on the current K-line structure! Even if there is a pullback, it will only be the acceleration point of the next wave of rise. The probability of 3340 returning here is high, but it is not easy to break through in one go. There will definitely be fluctuations at that time, and we will get back on the road and go long, reaching a new high.

Detailed operational strategy for today

Gold retracement 3340, buy long, defend 3330. Target 3360-3380

Gold rebounds 3405, short selling, defending 3415. Target 3380-3355