Gold will soon challenge $3,500!
The monthly chart of gold shows a strong upward trend, technical indicators continue to rise, and the long-term outlook is bullish
The weekly chart shows a continuous upward trend of big positive lines, technical indicators continue to rise, and the medium-term is bullish
The daily chart is running in a strong upward trend, and the technical indicators show a slight top divergence. Be cautious in chasing highs in the short term; the 4-hour chart is running into a new high, and the technical indicators show a top divergence. Be bullish in the short term and do not chase highs.
In summary, gold prices are bullish in the long, medium and short term. In terms of operation, you should go long on dips, but pay attention to the turning rhythm and be prepared to close positions for profits in time.
In terms of operation, pay attention to the long opportunities in the 3460-82 area, defend 3450, and target 3500-3550.
支撑和阻力
Follow the market closely and chase the short-term rise
The trend of gold prices will be mainly affected by the performance of the US dollar, the progress of trade negotiations and geopolitical risks.
In the short term, the US dollar index hovering at a low level near 98.00 may continue to provide support for gold prices, while the market uncertainty caused by Trump's tariff remarks is expected to maintain the favor of safe-haven funds for gold.
From a technical perspective, after stabilizing above $3,400, gold prices are expected to further challenge the round mark of $3,500.
Trend: Upward trend
Support: around 3400.00
Resistance: around 3458.50
Strategy:
Logic of view:
Around 3430, light long view, stop loss 3400, take profit around 3450----3500
Is it still far for gold to break through $3,500?With the same goal, spot gold rose 2.98% to $3,424.69 per ounce, and hit an all-time high of $3,430.36 earlier in the session.
The dollar fell sharply during the day as President Donald Trump's critical comments about Federal Reserve Chairman Jerome Powell further dampened market confidence in the U.S. economy. A weaker dollar typically makes dollar-denominated gold more attractive to holders of other currencies.
Gold has historically been seen as a hedge against uncertainty and a highly liquid asset, and its price has risen by more than $700 since the beginning of 2025. Last Wednesday, gold broke through $3,300 for the first time, and strong upward momentum pushed it up by more than $100 again in just a few days.
David believes that the current upward momentum of gold is still continuing. In the short term, investors are not recommended to short positions. Profits still need to be made by seizing the short-term and investing more. As shared this morning, the gold target of 3410 has been broken. Now the double bottom structure is still strong, and gold is still bullish.
Gold long investment: 3400-3450 3420-3500
Gold, next stop: $3,400?
For gold, the most taboo things are questioning and speculation. Using past experience to measure the existing market is itself a rear-view mirror thinking logic. What didn’t happen in the past does not mean it won’t happen in the future, and what you don’t understand does not mean the market does not exist.
Why is gold so strong?
The answer is that the era of "gold is king" has just begun, and the era of cash is a thing of the past. The global economy has entered stagflation, and the game between major powers is fierce. In addition, geopolitical risks continue. More importantly, US President Trump directly pointed out that the Federal Reserve did not obey orders and challenged the independence of the Federal Reserve.
In addition, during the 10-year bull market from 2002 to 2011, gold prices rose from $260 to $1,920, an increase of nearly 6 times. However, this time, gold prices have only increased by more than 3 times from 2016 to now. The speed of market transmission and payment channels in the last gold bull market are completely incomparable to today. This time, the news of the rise in gold prices has spread to every corner of the world.
Therefore, I have always emphasized not to get off the bus easily. It is easy to get off the bus but difficult to get on. The pullback is also for a better rise. Be a friend of time. 2025 will be my best blessing to every investor!
Since the gold price fell last Friday, it has been rising strongly today. The previous high of $3360 will become the new support area. That is, before it is lost, we will continue to be bullish on gold. Even if some people are beaten out because of their aggressive defensive positions, the general bullish direction will not change. You will find that the bulls will never be trapped in a strong market, and all the bears will be completely eliminated!
Today, gold relies on 3360 as the dividing point between long and short positions, and continues to be bullish to 3390-3395, and even today it will challenge the upper side of $3400!
Last sentence: I dare to hold gold long positions for a long time, do you dare to hold short positions for a long time?
Is it far away for gold’s upward trend to continue to 3500?
The gold market was closed on April 18 due to the Good Friday holiday. Spot gold fell slightly after hitting a record high of $3,357.66 per ounce. Despite the short-term correction, gold prices still rose 2% this week, and the strong pattern has not changed.
The US dollar index rebounded slightly by 0.17% on Thursday, closing at 99.43, but it still fell this week. The weak dollar makes gold denominated in other currencies more attractive, further consolidating the support level of gold. If the US dollar continues to be weak, gold may usher in a new round of upward momentum.
Gold long orders: 3310-3330 long target 3360-3380
Key points:
First support level: 3310, second support level 3300, third support level 3290
Technical aspects: Unicorn double bottom strong support is formed, all long orders are profitable, short orders should not be bought, wait for the opportunity to fall back to invest more.
The unicorn is coming
The market unicorn is here. I believe that my friends have seen this week's market. I know that many people are waiting and watching...
However, new opportunities have come, as the general weakness of the US dollar, uncertainty around tariffs and concerns about a global recession still provide strong support for gold
According to my technical analysis, now is the best time to buy the rise
How much more can it rise in the future? The latest rise is comi
The 1-hour moving average of gold continues to be arranged in a bullish divergence. It is difficult for the bulls to have a big correction. After the decline and shock adjustment at the 3320 level yesterday, it continued to break upward. Then the short-term 3320 of gold formed support again. The price rose by more than 100 US dollars on Wednesday. It will not be the largest long investment this week. The form of long investment is still continuing.
At this time, our operation idea is to continue to move low and long to magnify profits. You can buy long orders near 3320. The maximum upper limit of the long position on the day is temporarily seen at 3360? Don't rush to be bearish. The market will naturally find us if we follow the trend?
Now that 3320 has been bought, can you enter the market directly and wait for the big positive line to rise?
Is the price of gold starting to soar wildly?
Analysis of gold news
As traders wait and see whether the Trump administration will reach a new trade agreement with trading partners, the US dollar index fell again and once fell to around $99, and finally closed down 0.89% at 99.26.
Due to the trend of the US dollar and the escalation of trade tensions, spot gold continued its record-breaking rise, setting a new record high above $3,340, soaring more than $100 during the day, and finally closed up 3.49% at $3,342.19 per ounce.
Today's operation strategy
Long order: 3321-3320 long
Stop loss 3310, target 3355-3360
Short order: 3357-3359
Stop loss 3369, target 3330-3325
Key points:
First support level: 3320, second support level: 3315, third support level: 3310
First resistance level: 3360, second resistance level: 3365, third resistance level: 3370
3300? Gold price rises to a new high?
On April 16, the spot gold price exceeded $3,280 per ounce, and New York gold futures reached the $3,300 mark for the first time, with a single-day increase of 1.85%, setting a historical record. This milestone breakthrough marks that the gold market has entered a comprehensive risk-averse mode, reflecting the profound changes in the global economic and political landscape.
Gold operation strategy on Wednesday
Gold long order: 3255-3254 long, stop loss 3244, target 3280-3282
Gold short order: 3280-3281 short, stop loss 3291, target 3255-3250
Key points:
First support level: 3250, second support level:
3245, third support level: 3240
First resistance level: 3280, second resistance level: 3285, third resistance level: 3290