📰 News information：
1. Fed Chairman Powell delivers a welcome speech at a regulatory conference
2. The tariff deadline is approaching
📈 Technical Analysis：
Today's opening high reached around 3402, and did not effectively break through the upper resistance of 3405-3415. As I said yesterday, a decline and return to the moving average is an inevitable result. The tariff issue is still there, with the deadline on August 1, and the daily MACD indicator still shows a golden cross. The general direction of short-term bullishness has not changed, but from a technical point of view, gold still has room to fall to correct the overbought part.
Below the day, we first focus on the top and bottom conversion position of 3377-3375. As time goes by, the 4H middle track will probably resonate with the 50% position of the Fibonacci line at 3355, which is also a good long position I expect. Therefore, if the price falls back to 3380-3375 for the first time during the day, you can consider going long. If the price continues to fall, pay attention to the second opportunity to go long at 3355, with the target at 3390-3410.
🎯 Trading Points：
BUY 3380-3375
TP 3390-3410
BUY 3360-3350
TP 3370-3380
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
GOLD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD
1. Fed Chairman Powell delivers a welcome speech at a regulatory conference
2. The tariff deadline is approaching
📈 Technical Analysis：
Today's opening high reached around 3402, and did not effectively break through the upper resistance of 3405-3415. As I said yesterday, a decline and return to the moving average is an inevitable result. The tariff issue is still there, with the deadline on August 1, and the daily MACD indicator still shows a golden cross. The general direction of short-term bullishness has not changed, but from a technical point of view, gold still has room to fall to correct the overbought part.
Below the day, we first focus on the top and bottom conversion position of 3377-3375. As time goes by, the 4H middle track will probably resonate with the 50% position of the Fibonacci line at 3355, which is also a good long position I expect. Therefore, if the price falls back to 3380-3375 for the first time during the day, you can consider going long. If the price continues to fall, pay attention to the second opportunity to go long at 3355, with the target at 3390-3410.
🎯 Trading Points：
BUY 3380-3375
TP 3390-3410
BUY 3360-3350
TP 3370-3380
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
GOLD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD Trade active
Currently, gold is rebounding again due to the news. Unfortunately, it is still $3 away from the long point of 3380, so I did not enter the long order. Currently focusing on the previous high of 3403. If it breaks through, you can try to go long with a light position and test the 3413-3420 line. When it first touches 3420, you can try to short, defend 3426, and target 3405-3390Note
Bros, have you followed the trading strategy to execute the trading plan? I have told you that you can try shorting when it first touches around 3420, looking towards 3405-3390. The market also touched around 3405 as expected. Did you brothers seize this shorting opportunity?Trade closed: target reached
After the current short position is out, gold has risen again. It seems that the short-term bullish momentum has not been fully released. Brothers who missed the first opportunity to short at 3420 may have to wait until around 3430 above for the second layout. Defend 3438.Gold rebounded to a high of 3430.67, which was in line with our expectations. We once again grasped the market trend and have begun to generate profits in the short term. In the short term, bullish momentum still provides certain support for gold prices. Those who seize the second short-selling opportunity can consider withdrawing to 3415-3405 to take profits.
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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.
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.