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There are no eternal friends, only eternal interests. Value exchange is the "code" of interpersonal relationships. From the president to individuals, the game of interests is everywhere.
Half a year ago, Musk strongly supported Trump to take office. The two joined forces to win the swing states. One gained power and the other gained fame. After Musk became the head of the efficiency department, he made drastic reforms and fought corruption from the outside to the inside.
Now, the two have parted ways. According to US media reports on July 20, Trump began to review the order contract between Musk's Space X and the federal government. In just 6 months, the two went from close friends to opponents. The "big and beautiful" bill was also strongly resisted by Musk.
If the big guys are like this, let alone ordinary people, their butts determine their heads, sitting in different positions to think about different interests, emotions and friendship are just outer garments, Musk spent $270 million and got fame, and Trump also got the power he pursued, there is no right or wrong.
This struggle is far from over. It is estimated that the game will continue during Trump's four years in office. Musk stands on the high-dimensional pursuit of interests for the exploration of human progress, while Trump's slogan is to make America great again. The two people have taken different routes.
What we care about is not the right and wrong of the two, but whether this right and wrong will bring turmoil to the financial market. Will Tesla be the "prince in distress"? Is there a possibility of bargain hunting after the stock price plummets in the short term? Will the gold market trigger risk aversion because of Trump's unpredictable approach? This is what we need to ponder and study.
Okay, let's talk about the gold market today:
During this period, the volatility of the gold market has become smaller and smaller, and the range of fluctuations has also been compressed. The sentiment of investors in the market is relatively low. When the fluctuations just started in April, some people who were trapped were concerned about when to get out of the trap every day. After 3 months, everyone is tired, and the fight between bulls and bears has cooled down.
However, as the shock is coming to an end, the gold price may explode into a new round of unilateral market at any time due to fundamentals, especially on August 1, Trump will implement equal tariffs on global trading partners. This king bomb has been delayed. Once it starts to land, it will inevitably cause turmoil in the financial market.
Since last week, affected by Trump's threat to fire Fed Chairman Powell, the gold price quickly hit the high of $3,370 and then fell back to $3,310. After that, the price lows continued to rise and rebounded. The top and bottom conversion of $3,345 in the morning and the support of the low point in the early morning of last Friday were the starting points for the rise. Today, the focus is on the long-short dividing point of $3,345, that is, the price is temporarily not empty above $3,345. Today is not a sharp rise at the opening. The prerequisite for a sharp rise must be that $3,345 breaks.
Today, I think that 3345 USD should be used as the dividing point between long and short positions, that is, your stop loss should be placed below 3345, and then find a position to go long, such as within the range of 3360-55, first look at 3370-75 above, and then look at 3392-95 USD after breaking through. Some people say that they dare not do such a large stop loss? In fact, just reduce the position. The stop loss space is dynamically adjusted according to the support level. Fixed stop loss space is a false proposition.
There are no eternal friends, only eternal interests. Value exchange is the "code" of interpersonal relationships. From the president to individuals, the game of interests is everywhere.
Half a year ago, Musk strongly supported Trump to take office. The two joined forces to win the swing states. One gained power and the other gained fame. After Musk became the head of the efficiency department, he made drastic reforms and fought corruption from the outside to the inside.
Now, the two have parted ways. According to US media reports on July 20, Trump began to review the order contract between Musk's Space X and the federal government. In just 6 months, the two went from close friends to opponents. The "big and beautiful" bill was also strongly resisted by Musk.
If the big guys are like this, let alone ordinary people, their butts determine their heads, sitting in different positions to think about different interests, emotions and friendship are just outer garments, Musk spent $270 million and got fame, and Trump also got the power he pursued, there is no right or wrong.
This struggle is far from over. It is estimated that the game will continue during Trump's four years in office. Musk stands on the high-dimensional pursuit of interests for the exploration of human progress, while Trump's slogan is to make America great again. The two people have taken different routes.
What we care about is not the right and wrong of the two, but whether this right and wrong will bring turmoil to the financial market. Will Tesla be the "prince in distress"? Is there a possibility of bargain hunting after the stock price plummets in the short term? Will the gold market trigger risk aversion because of Trump's unpredictable approach? This is what we need to ponder and study.
Okay, let's talk about the gold market today:
During this period, the volatility of the gold market has become smaller and smaller, and the range of fluctuations has also been compressed. The sentiment of investors in the market is relatively low. When the fluctuations just started in April, some people who were trapped were concerned about when to get out of the trap every day. After 3 months, everyone is tired, and the fight between bulls and bears has cooled down.
However, as the shock is coming to an end, the gold price may explode into a new round of unilateral market at any time due to fundamentals, especially on August 1, Trump will implement equal tariffs on global trading partners. This king bomb has been delayed. Once it starts to land, it will inevitably cause turmoil in the financial market.
Since last week, affected by Trump's threat to fire Fed Chairman Powell, the gold price quickly hit the high of $3,370 and then fell back to $3,310. After that, the price lows continued to rise and rebounded. The top and bottom conversion of $3,345 in the morning and the support of the low point in the early morning of last Friday were the starting points for the rise. Today, the focus is on the long-short dividing point of $3,345, that is, the price is temporarily not empty above $3,345. Today is not a sharp rise at the opening. The prerequisite for a sharp rise must be that $3,345 breaks.
Today, I think that 3345 USD should be used as the dividing point between long and short positions, that is, your stop loss should be placed below 3345, and then find a position to go long, such as within the range of 3360-55, first look at 3370-75 above, and then look at 3392-95 USD after breaking through. Some people say that they dare not do such a large stop loss? In fact, just reduce the position. The stop loss space is dynamically adjusted according to the support level. Fixed stop loss space is a false proposition.
Trade active
Gold is adjustingTrade closed: target reached
Gold's upward trend is very stable
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.
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.