Gold Spot / U.S. Dollar
Short
Updated

Weakness continues, continue to short the bear market

216
📰 Impact of news:

1. Pay attention to Powell's speech in New York
2. Pay attention to geopolitical influence

📈 Market analysis:

Gold opened lower and showed a weak situation. The 1H moving average was arranged downward. In the short term, bears still occupied the main trend. From the 4-hour analysis of gold, the bulls still had repeated resistance before breaking down. Once it breaks down, the market will go further bearish. Pay attention to 3330 below. 3400 is still the key above in the short term. Only by breaking through the bulls can the rebound continue. In terms of operation, high-altitude and low-long are temporarily maintained. Pay attention to the short-term resistance of 3355-3365 above, and the support of 3340-3330 below. Pay attention to the breakthrough! Pay attention to Powell's speech in the New York session.

🏅 Trading strategies:

SELL 3370-3365-3355
TP 3340-3330

BUY 3340-3335-3320
TP 3345-3355-3365

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.

GOLD XAUUSD XAUUSD XAUUSD XAUUSD

Trade active
I have executed the long trading plan according to my trading strategy and have started to make a profit. The retracement just now did not scare me, because the support level of 3315-3305 below is strong enough. As long as it does not fall below this support level, I think it is a good opportunity to go long. Bros, are you following the trend and going long?
Trade closed: target reached
Gold in the Asian session retreated again after touching 3357, which is in line with our trading expectations. Although Trump's subsequent reiteration that the ceasefire "is now in effect" added short-term uncertainty to the market, global economic uncertainty, potential geopolitical risks and the gradual advancement of the Fed's easing policy all provide structural support for gold prices, and the market will eventually return to technical trends.

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