https://tradingview.sweetlogin.com/x/WNbT2Wz2/
💡Message Strategy
After falling for two consecutive days, gold (XAU/USD) rebounded slightly in the Asian session on Wednesday, stabilizing above $3,320, attracting some bargain-hunting buyers. The market has paid close attention to the tariff policy that US President Trump continues to increase, and the rising risk aversion has become the core factor supporting gold prices.
The US CPI data for June showed that overall prices rose by 0.3% month-on-month, the largest increase in five months, and the core CPI rose to 2.9% year-on-year, both higher than expected. This has caused the market to worry that tariffs are gradually pushing up inflation, prompting the Federal Reserve to extend the high interest rate policy cycle.
📊Technical aspects
The current trend of gold is constrained by both fundamentals and technical factors.
On the one hand, Trump's tariff policy has pushed up inflation expectations, triggering risk aversion and rethinking of the Fed's policy path, providing support for gold;
On the other hand, the Fed's tone of "maintaining high interest rates for longer" has limited the room for gold prices to rebound.
From the 4-hour chart, gold prices found support near the 100-period SMA (about $3,320) on Tuesday, stopping the decline from the three-week high. In the short term, if it can stand above the 3340-3345 resistance band, it may test the 3365-3370 area again, and the further target is the 3400-dollar round mark.
💰Strategy Package
Long Position:3320-3330，SL：3305，Target: 3365-3370
💡Message Strategy
After falling for two consecutive days, gold (XAU/USD) rebounded slightly in the Asian session on Wednesday, stabilizing above $3,320, attracting some bargain-hunting buyers. The market has paid close attention to the tariff policy that US President Trump continues to increase, and the rising risk aversion has become the core factor supporting gold prices.
The US CPI data for June showed that overall prices rose by 0.3% month-on-month, the largest increase in five months, and the core CPI rose to 2.9% year-on-year, both higher than expected. This has caused the market to worry that tariffs are gradually pushing up inflation, prompting the Federal Reserve to extend the high interest rate policy cycle.
📊Technical aspects
The current trend of gold is constrained by both fundamentals and technical factors.
On the one hand, Trump's tariff policy has pushed up inflation expectations, triggering risk aversion and rethinking of the Fed's policy path, providing support for gold;
On the other hand, the Fed's tone of "maintaining high interest rates for longer" has limited the room for gold prices to rebound.
From the 4-hour chart, gold prices found support near the 100-period SMA (about $3,320) on Tuesday, stopping the decline from the three-week high. In the short term, if it can stand above the 3340-3345 resistance band, it may test the 3365-3370 area again, and the further target is the 3400-dollar round mark.
💰Strategy Package
Long Position:3320-3330，SL：3305，Target: 3365-3370
Trade active
Gold maintains box-shaped fluctuations, and callback bulls are a good choice
Through scientific and rigorous financial analysis and personalized strategy formulation, we help you achieve stable growth of wealth. At the same time, in a complex and changing economic environment, we help you avoid potential risks and protect the saf
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Through scientific and rigorous financial analysis and personalized strategy formulation, we help you achieve stable growth of wealth. At the same time, in a complex and changing economic environment, we help you avoid potential risks and protect the saf
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.