The Middle East fell, and gold took off on Monday?

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The Middle East fell, and gold took off on Monday?GoldOANDA:XAUUSDIsla_SuriThe Middle East fell, and gold took off on Monday? The closing price of gold on Friday was about 3,433. So for this week, on Monday and Tuesday, the price of gold also fluctuated at a low level, reaching a low of 3293 points and a high of 3350 points. Since Wednesday, gold bulls have ushered in a rising trend, and the price of gold has risen from 3315 points to 3446 points before stopping, rising by more than 130 points in three days. In this regard, the explosive power of the bulls is still quite strong. Of course, although the highest is only 3446 points, due to the influence of the news, the actual result may be more than that. After all, market participants know that the chaos in the Middle East, especially the chaos in the past two days over the weekend, has not only not subsided, but has further expanded, and the scope of the impact is also spreading. At this point, if the Middle Eastern forces do not stop, they may face the destruction of the entire region. After all, both sides have assistance. At present, they even claim that the United States should also join this game. This situation undoubtedly gives gold bulls an absolute upward momentum. After all, once the war breaks out, gold is valuable. Even if it is only local friction, it can stimulate a sharp rise in gold prices. Under the current situation, it is not too much for gold prices to open high and break through 3,500 points. From this point of view, there is no suspense that gold prices will open high next Monday. The key is that there is still doubt about what kind of fluctuations will occur after the high opening, especially when the fluctuations are too large, operations still need to be avoided. After all, a small stop loss is definitely useless, so everyone should be cautious. However, for market analysis, I frankly say that it is still a bit unrealistic to rely solely on geopolitical risks to stimulate the blind rise of gold. First of all, no matter how the Middle East fights, the impact on the currency is limited. At present, the whole world is paying attention to this matter. Everyone wants to suppress the outbreak of this matter, and this matter itself was caused by Iran's desire to develop nuclear weapons. After all, this is a suppression implemented by some countries to suppress the occurrence of this matter. Once they can't beat it, they will still compromise. So I don't expect this situation to last too long. If it lasts too long, no one can stand it. So the stimulus of geopolitical risks will not be too strong. After all, the United States cannot let Israel destroy itself. Moreover, the rise in gold will inevitably trigger market flight. After all, the tariff issue has eased, and Trump will not promote it for a long time unless it is profitable. This will also alleviate the outbreak of geopolitical risks to a certain extent. Of course, there will be the minutes of the Federal Reserve's interest rate meeting and Powell's speech next week, which will also stimulate the unexpectedness of gold fluctuations to a certain extent. Next week is undoubtedly a turbulent period, which will largely lead to the uselessness of analysis, so I can't explain more. I hope everyone understands this. Summary: So the operation on Monday next week is likely to open high and go high. 1: If there is a decline after opening high, I think you can go long in the 3424-3417 range, but the position should be light and the stop loss should be set large. 2: If it opens higher and moves higher, you can also try to buy in batches with a small stop loss, but please note that I do not agree that gold will directly break through 3500. If it reaches the 3470-3500 area, I will also suggest trying to short tentatively. 3: If it really breaks through 3500, then look at the 3520-3530 area before shorting.