GOLD-Strong upward trend

The United States expects Iran to launch an attack on Israel, but it will not be large enough to involve Washington in a war, a U.S. official said yesterday. As soon as this news came out, it once again had a great impact on the current financial market. Gold once again had room to surge and hit a new high. Although the US dollar also rose, it could not affect the current absolute strength of gold. In the case of extremely unstable geopolitical situation, gold has a dominant position as a safe haven. Today we will pay attention to the monthly rate of the US import price index in March and the initial value of the University of Michigan consumer confidence index in April, as well as the speeches of Federal Reserve officials and news related to the geopolitical situation.

After yesterday's 4H level top divergence correction was forcibly interrupted, if the 4H MACD fast and slow line crosses again, a second divergence will be formed, and the magnitude of subsequent adjustments will increase.

Although gold has been oscillating up and down recently, it is still oscillating under an upward trend and the trend is strong. Friday trading also needs to follow the trend.

Therefore, no matter how it adjusts or falls in the near future, as long as it does not fall, it is an opportunity to go long. For example, the previous 2302, yesterday's 2325. For today's market, the technical point is also very obvious. The unilateral moving average support of the H4 cycle is at 2372, and the previous double top turned into double support point price at 2365.

There has been a lot of volatility recently, so you still need to pay attention to your position. If you choose to sell, be sure to trade with a small position.

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