Gold retraces to confirm support and rises again, bulls still maintain strength!
Trump plans to announce comprehensive tariffs on countries with trade imbalances with the United States at 4 pm Eastern Time on April 2, and a 25% car tariff will be imposed on April 3. The market is generally concerned that this move will trigger global trade tensions, and investors' risk aversion will rise, providing support for gold prices. As the policy announcement date approaches, market volatility is also beginning to emerge, but the specific impact still depends on policy details.
The trend of gold is not much different from our expected trend last night, and it rose again near the low point of 3100 in the evening! The support level of 3100 points below has been confirmed, and we will still focus on the position of the 3100 watershed during the day. We will continue to be bullish on gold prices above, but if the physical price falls below the long position during the day, we will no longer hold on! In the short cycle market, gold rose strongly in the morning, and we can continue to follow the trend when it is adjusted to 3115!
Specific strategies
Gold 3115 buy long, stop loss 3105. Target 3150
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