Previously, market volatility increased due to news reports: Trump's direct dismissal of Federal Reserve Board Governor Tim Cook. This move undoubtedly undermined the Fed's independence. Historically, such incidents have undoubtedly put immeasurable pressure on currencies. The US dollar index plummeted in response, and gold prices followed a V-shaped trend, retracing to the 3351 level as expected and then rising to around 3386 before fluctuating and correcting. The current low is 3367, which is also the entry point for long positions we shared with you. This entry point can be entered twice, and both times it reached the target above 3380.
Crude oil fell rapidly from around 64.7, initiating a short-term correction today. The daily K-line has been rising for several consecutive days, indicating the need for a short-term correction.
Strategy
Open a short position if crude oil rebounds to 64.5. If it continues to rebound to around 65, increase the short position.
The target is around 63.
Crude oil fell rapidly from around 64.7, initiating a short-term correction today. The daily K-line has been rising for several consecutive days, indicating the need for a short-term correction.
Strategy
Open a short position if crude oil rebounds to 64.5. If it continues to rebound to around 65, increase the short position.
The target is around 63.
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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.
If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
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.