Palestinian-Israeli conflict will cause gold to rise

There is a long and beautiful road in the world, called dreams, and a very high and hard wall, called reality. Climbing over that wall is called persistence, and tearing down that wall is called breakthrough. On the road of life, what we break is not reality, but our thoughts and our own concepts. On the track of life, defeating the opponent is only the winner in the field, defeating oneself is the strong one in destiny! Only when you work hard will you know how good you are!





Last week was a breakout week for gold. It opened high from 1830 on Monday and never went down. The highest was around 1930, which was a full 100 US dollars.



The escalation of conflicts in the Middle East triggered risk aversion in the market. Gold surged to $50 on Friday, recording a single-day rise of more than 3% for the first time since the outbreak of the banking crisis.



Many people did not expect this wave of counterattack to be so strong. After all, no one expected that a fight between Israel and Palestine would occur at this time, and that it would be so fierce.



At first, I expected that this wave of counterattack would be at 1850 and 1880.



Unexpectedly, the war intervened, and the trend was beyond our control. At this time, we seemed very passive.



Judging from the current situation, there is no ceasefire between Palestine and Israel soon, so it is not ruled out that the conflict will continue to expand.



Therefore, it is very dangerous for you to go short and go short at this time. Just like last Friday, could you have expected that it would directly go from around 1880 to 1930?



Looking at the current daily chart of gold:



The current lower moving average support of the gold daily line is 1908-05.



Moreover, this position is currently at the top of the trend line in the early stage of the daily line. After breaking to 1930 last Friday, it is currently in a correction, so the previous high point area has changed from suppression to a support position.



So as long as the 1908-05 position is held, there is a high probability that it will continue to rise in the future. Maybe 1930 is not a high point.



Also look at the 1 hour chart here:



We can see that the hourly chart trend is right around 1908.



If the callback does not break, then it proves that there will be a high point next.




Near 1950 is the high point before the interest rate decision. This is definitely a suppression point.



Therefore, at present, I think gold will continue to break through 1930 to 1950.



As for whether we can hold on to 1950, we will discuss it at that time. Under the influence of the war, many problems are beyond our control.


If you agree with my analysis, please leave me a message, I will be very happy, thank you

Trade active:

Adjustment is a signal for an increase

Trade active:

The one-hour trend still shows an obvious bullish upward trend as a whole, and the moving averages are arranged in a long position, and the openings continue to diverge upward. The moving averages show that the current market is still in an accelerating upward trend. If the price falls back, boldly go long! Currently, the moving average support has reached the 1918 line, while the trend line support is still at the farther 1880 line. As long as the price does not effectively fall below the trend line support in the recent trend, the pullback is just to give us a better opportunity to go long! Again, this wave won’t stop until 1947! Let’s look at 1930 as a short-term goal