On Wednesday (April 2) in the Asian market, spot gold suddenly soared by $20 in the short term, and the price of gold just hit $3,133/ounce. The latest report from Bloomberg News in the United States said that as the United States vowed to continue to fight the Iranian-backed Houthi rebels and tensions between the United States and Iran are intensifying due to Iran's nuclear program, U.S. Secretary of Defense Pete Hegseth has ordered more troops to the Middle East, including the "Carl Vinson" aircraft carrier battle group and multiple fighter jets. The situation in the Middle East suddenly became tense, which stimulated the rise in risk aversion.

This trading day will also release the changes in the number of ADP jobs in the United States in March and the monthly rate of factory orders in the United States in February. Federal Reserve Board member Kugler will also give a speech, and investors need to pay attention. In addition, it is necessary to focus on the details of the reciprocal tariffs and industry-specific tariffs announced by US President Trump, and be wary of the "boots landing" market.

From the daily level of spot gold, after the gold market reopened this week, not only did it not correct and pull back, but it continued its strong upward pace. It has successfully broken through the 3100 mark. It can be seen that the bulls are in an absolute advantage. At this stage, the short-term moving average group presents a perfect bullish arrangement, and the MACD indicator is also in a golden cross state. However, it is necessary to pay attention to the fact that the price is a certain distance away from the moving average, so it is not recommended to chase the high price too much.

From the 4-hour level of spot gold, the gold price has been singing all the way after breaking through the 3000 mark, and there has been almost no great obstruction. It was not until it touched the 3150 line yesterday that it was adjusted back. The current upward trend is still continuing, and the short-term moving average group will continue to provide assistance in the future market, but the MACD indicator is already at a high level after all, so the possibility of correction cannot be ruled out. In terms of operation, it is still mainly to go long on dips. Pressure: 3125-3140-3150 Support: 3110-3100-3090.

Disclaimer: The article is contributed by the market analyst from Bitop market observation team. The content is solely for personal opinions and sharing. The analysis is time-sensitive and provided for reference and discussion only. It does not constitute any investment advice. The market is risky, so investing should be done cautiously.