Monday's gold pullback is a buying opportunity!
The current market is supported by multiple favorable factors for gold prices: the probability of the Federal Reserve reducing interest rates in December has risen to 87.2%, which lowers holding costs and weakens the resilience of the dollar; the global central bank gold-buying spree continues, coupled with a steady increase in gold ETF holdings, providing strong financial support for gold prices; from a technical perspective, gold prices have stabilized above the key level of $4200, and the MACD indicator maintains a golden cross, indicating sufficient bullish momentum; the escalation of geopolitical conflicts, such as the Red Sea shipping crisis, further boosts global risk aversion sentiment.
It is recommended to enter long positions around the 4180 line, with the first target at $4220. If this level is broken, we can look to $4250!
#比特币VS代币化黄金 $BTC
The current market is supported by multiple favorable factors for gold prices: the probability of the Federal Reserve reducing interest rates in December has risen to 87.2%, which lowers holding costs and weakens the resilience of the dollar; the global central bank gold-buying spree continues, coupled with a steady increase in gold ETF holdings, providing strong financial support for gold prices; from a technical perspective, gold prices have stabilized above the key level of $4200, and the MACD indicator maintains a golden cross, indicating sufficient bullish momentum; the escalation of geopolitical conflicts, such as the Red Sea shipping crisis, further boosts global risk aversion sentiment.
It is recommended to enter long positions around the 4180 line, with the first target at $4220. If this level is broken, we can look to $4250!
#比特币VS代币化黄金 $BTC
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