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📊Technical aspects
International gold rebounded from the bottom on Wednesday and closed up strongly again. On Wednesday morning, the gold price fell to 3345 and then rebounded quickly.
During the Asian session, the gold price reached 3370 and then fluctuated downward. In the afternoon session, the gold price reached 3350 and then fluctuated upward. During the European session, the gold price reached 3365 and then expanded the intraday decline.
On the eve of the opening of the US session, the gold price reached 3340 and then rebounded. During the US session, the gold price expanded the intraday increase and reached 3385 before a slight decline.
The number of ADP employment in the United States in May was 37,000, which was 110,000 lower than the market expectation and the previous value was 62,000.
Data is lower than expected, gold is rising? As far as gold is concerned, it is only in a wide range of fluctuations and there is still no clear direction.
Through the above trend, we can clearly recognize that gold has insufficient upward momentum. Gold can no longer meet the current short-term profit, and there is no need to deliberately pursue it. Our most important goal is to seize the market of 100-200 US dollars.
💰 Strategy Package
Short Position：3375-3380
📊Technical aspects
International gold rebounded from the bottom on Wednesday and closed up strongly again. On Wednesday morning, the gold price fell to 3345 and then rebounded quickly.
During the Asian session, the gold price reached 3370 and then fluctuated downward. In the afternoon session, the gold price reached 3350 and then fluctuated upward. During the European session, the gold price reached 3365 and then expanded the intraday decline.
On the eve of the opening of the US session, the gold price reached 3340 and then rebounded. During the US session, the gold price expanded the intraday increase and reached 3385 before a slight decline.
The number of ADP employment in the United States in May was 37,000, which was 110,000 lower than the market expectation and the previous value was 62,000.
Data is lower than expected, gold is rising? As far as gold is concerned, it is only in a wide range of fluctuations and there is still no clear direction.
Through the above trend, we can clearly recognize that gold has insufficient upward momentum. Gold can no longer meet the current short-term profit, and there is no need to deliberately pursue it. Our most important goal is to seize the market of 100-200 US dollars.
💰 Strategy Package
Short Position：3375-3380
Trade closed: target reached
Gold continues to fall, and signal positions have made profits
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
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
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.