Eileen

People who are richer than you must work harder than you. People who work harder than you will one day be richer than you. Life is always balanced. If you don’t work hard to make money, you have to worry about saving money. This is not Chicken soup is reality!

The price of gold rose by about US$14.50 on Friday to US$1,841.24, an increase of 0.80%. This brings the price of gold closer to the high point of the day and also closer to the high point of last week's volatility, which is between US$1841.82 and US$1,845.45.

The price of gold has peaked in this area for 4 consecutive days (starting from last Friday).Thursday is the exception for this week. In the downward correction process, the precious metals did find support buyers near its 200-hour moving average (green line). The short break was expected, and the bears quickly turned to bulls.

Now, as prices return to the ceiling area, the question for the bulls is, what will happen this time?

Since the double-bottom rebound in early April, the market has been rising along the upward trend line. As long as the price of gold remains above the trend line, it is expected to continue the upward trend.

What will your future life be like? Now every step is important,Enjoy a nice weekend

Thank you sister for the gift. The second car I got through investment, the Porsche 911, let us toast to this.

My favorite color, it’s a happy thing to take the car for a drive

Gold tends to further downside in the short-term. If it cannot recover the $1,830 in the short term, the market outlook needs to be wary of the possibility of a downside test of support below $1,800. More importantly, gold as a whole is still in a mid-term uptrend. If it can stabilize above US$1,795 in the mid-term, there is still the possibility of a rebound to challenge US$1,850 in the market outlook. The gains and losses of $1850 are still not the top priority of gold's mid-term trend!

Work and life should be considered at the same time

Today, the price of gold is currently fluctuating below US$1,830 per ounce. In the short-term gold market, the price of gold has declined slightly. In the future, we will pay attention to the US Consumer Price Index (CPI) data in April to determine whether the Fed will start to change its position on inflation. The market is expected to record the largest increase in 10 years, which will push up the dollar and U.S. Treasury yields. Suppress the price of gold to fall again. Therefore, no matter how the results are announced, the price of gold will be under pressure until then.

Friend is the best gift

Today's trend of gold: technically, there is no doubt that it is a bullish trend, but today is different from the past. Since the price of gold has broken through 1800, it has soared by US$43. Technically, it may retreat and make corrections. Therefore, gold today focuses on 1828. Above 1828, it will inevitably continue its inertial rise; below 1826, the price of gold is likely to be revised down to the 1817 line. However, the overall trend is long. Looking in multiple directions may not make money, so don't be too hasty in today's operations. At the same time, you need to allocate a good position. The price of gold stopped falling at 1826, and it is bound to test the 1842 line again. Specific trading strategy: retracement 1828-26 long, stop loss 1822, target near 1840