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Gold continued to rise without any retracement. At present, the reason for the rise in gold is the market's optimistic expectation that the Federal Reserve will resume interest rate cuts later this year. The US employment report to be released on Thursday may also become a catalyst for the decline in US bond yields, which is usually favorable for gold. Although gold has recently adjusted back, if the US dollar continues to depreciate, gold still has the greatest potential for growth in the short term.
From the trend point of view, gold has risen slowly and continuously, and the new round of resistance needs to be placed around 3350. If this position breaks again, it actually looks at 3400 above, or pierces 3350 but weakens, then it will not fall sharply. At present, this slow rise market has no other good intervention opportunities except for direct long
And the European session will first look at the second highest pressure of 3336. If it breaks easily, there is no need to intervene in the short position. At present, the good intervention opportunity is around 3350, with a small stop loss of 3357, and look at the 3330-25 line.
Gold continued to rise without any retracement. At present, the reason for the rise in gold is the market's optimistic expectation that the Federal Reserve will resume interest rate cuts later this year. The US employment report to be released on Thursday may also become a catalyst for the decline in US bond yields, which is usually favorable for gold. Although gold has recently adjusted back, if the US dollar continues to depreciate, gold still has the greatest potential for growth in the short term.
From the trend point of view, gold has risen slowly and continuously, and the new round of resistance needs to be placed around 3350. If this position breaks again, it actually looks at 3400 above, or pierces 3350 but weakens, then it will not fall sharply. At present, this slow rise market has no other good intervention opportunities except for direct long
And the European session will first look at the second highest pressure of 3336. If it breaks easily, there is no need to intervene in the short position. At present, the good intervention opportunity is around 3350, with a small stop loss of 3357, and look at the 3330-25 line.
Trade active
It has entered our predetermined point, and we can start buyingTrade closed: target reached
Gold continues to rise slowly, so for the current trend, shorting is no longer a better choice. It is recommended to wait and see whether there will be a wave of accelerated rise in the US market. I will test the signal in the VIP group in real time if I need to intervene in short orders or low longs. If you have any questions about the operation, you can contact me. I will adjust the entry point according to the market.
Hey, everyone. I'm Yulia, a girl from Russia working as an analyst in New York, USA. I've been doing this job for 13 years. I have professional financial knowledge. I hope you like me.
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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.
Hey, everyone. I'm Yulia, a girl from Russia working as an analyst in New York, USA. I've been doing this job for 13 years. I have professional financial knowledge. I hope you like me.
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.