Gold Spot / U.S. Dollar
Short
Updated

Gold rebound fails to change the trend and is still bearish?

175
📰 Impact of news:

1. The streets of Los Angeles are full of "gunpowder smell"! Immigration protests escalate, and Trump sends troops to suppress them
2. Geopolitical situation
3. Federal Reserve political expectations

📈 Market analysis:

At the hourly level: the Bollinger Band opening is narrowing, the MACD technical indicator is running in a golden cross, and the RSI fluctuates frequently in the short term. There is a certain potential for short-term promotion. If the gold price stabilizes above 3315, it may trigger a rebound and touch 3330-3340 again. If the gold price continues to be below 3300 and the short position is strengthened, it may fall to a new low. Therefore, if it rebounds again to the 3330-3340 resistance line, short positions can still be considered.

🏅 Trading strategies:

BUY 3315-3318
TP 3330-3335

SELL 3330-3340
TP 3300-3290-3280

If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.

XAUUSD XAUUSD XAUUSD XAUUSD GOLD
Trade active
At present, the overall market is in a narrow consolidation, but in the short term, the hourly chart and 2H chart have an upward trend, suggesting that it may continue to rise in the short term. Continue to pay attention to the resistance line of 3330-3340 above.
Trade closed: target reached
The trading strategy has been confirmed, short-term bulls have made profits, and pay attention to the short-selling trading opportunities at 3335-3345 in the evening

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