Gold technical analysis: Thursday's opening gold prices higher, once again refreshing the historical highs touched $ 3357 after pressure, gold prices ushered in a retracement. For the current market, the only effective trading strategy is to fall back to do more, continue to be bullish, if there is no adjustment to fall back to the space would rather not do the transaction. But the more important thing is to pay attention to the changes in the disk.

It is also worth noting that, now the time cycle and the technical aspects of the view on the possibility of change, the daily cycle, H4 cycle have been in the high extreme divergence, although the trend is bullish, but at any time there is the possibility of divergence after the fall, short-term retracement or sideways consolidation, are to give the market bullish timing, the operating idea is still to maintain the principle of the trend, back to step on the bottom to pay attention to the day's low point of 3312 and the 3300 regional support, here is belong to the strong support area, not broken continue to see a strong rise, if broken then the market will turn to shock, look at 3293-3288 area, here is back to step on the 0.5 split position as well as the pre-short-term back to step on the low point of the support level. Broken 3288, gold is likely to accelerate the decline, so short-term do not overly bullish gold,

Furthermore Friday Good Friday, the U.S. market is closed for the day, to beware of the risk of long profit-taking after the closure of the flat position. Outlook intraday Friday (April 18) coincides with Good Friday, most countries in Europe and the United States financial markets are closed, the gold market is no exception; the market for Trump's aggressive trade policy may bring the economic impact is still worried. The rapid escalation of global trade friction and global recession fears continue to provide support for the safe-haven asset gold. In addition, the market is still preparing for a possible resumption of the Federal Reserve's rate-cutting cycle in June, which limits further moves by the dollar bulls and serves as a supportive factor for gold.