Trade hedging sentiment erupts: Trump announces a 25% tariff on imported cars and parts starting April 2, escalating global trade war concerns, with gold as a safe-haven asset seeing significant inflows of capital, being the core driver of this round of surge.
Federal Reserve policy expectations support: Following the March FOMC meeting, there are differences in market expectations for interest rate cuts, but the demand for credit hedging in a long-term high-interest rate environment, combined with continuous gold purchases by global central banks (China has increased its holdings for 16 consecutive months), provides long-term support for gold prices.
The US dollar and US Treasury bonds weaken in the short term: The US dollar index retreats in the Asian market, while US Treasury yields decline in stages, reducing the holding cost of gold and further boosting gold prices.
Technical breakout resonance: After gold prices break through key resistance levels, it triggers programmed buying, forming a trend of rising prices.
Core trading ideas for the day
(1) Trend judgment
Big trend: Bullish dominance, hedging sentiment + technical breakout creates resonance, with a mid-term target looking towards the 4500 round number.
Short-term rhythm: After a rise in the Asian market, there is a need for a correction in the 1-minute level due to overbought conditions, with operations primarily focusing on buying on dips, cautious about chasing highs, and strict risk control at the core #特朗普希望尽快结束对伊朗战争 #gold