Gold continues to rise. Bulls and bears clash.

Wait 5 sec.

Gold continues to rise. Bulls and bears clash.GoldOANDA:XAUUSDMarket_Trader1Last week, gold prices intensified risk aversion amid Trump's tariff policy. Subsequent rhetoric of peace has tempered risk sentiment, but gold prices haven't fallen. Gold opened the week stronger, hitting new all-time highs. Currently, the market's gains are primarily due to a lack of bearish catalysts, allowing prices to rise by inertia. From an information analysis perspective, as the Federal Reserve continues its dovish policy response, real interest rates may continue to decline, which will support the long-term upward trend of gold. At present, gold is still rising slowly, breaking through highs continuously, and the upward trend is still continuing. It is still unknown whether it can break through 4100. The first retracement point that can be seen at present is 4060. If it unexpectedly falls below, it will test the 4030 line, but it seems a bit difficult at the moment. The 1-hour moving average continues to diverge upward, and gold bulls still have upward momentum, but we need to pay attention to the correction after the price surges. The overall strong upward trend of the hourly line has not changed. There may be small fluctuations in the short term, and you can try to enter the market operation. The short-term resistance level is temporarily focused on the 4100 mark, and the support level is around 4060. Trading Strategy: Go long on a pullback near 4060, with a stop loss at 4050. Profit range: 4085-4090-4100. Short around 4095, with a defense at 4105. Profit range: 4070-4060-4050.