Gold bulls pay attention to risk aversion
Today, the price of gold still has a large room for decline, and bulls need to pay attention to risk aversion.
When the price of gold hovered around $3,330, bulls began to rise collectively, as if the Federal Reserve was going to cut interest rates tomorrow and a world war was about to break out in the Middle East.
Wake up! Is this kind of fluctuation worthy of being called a market?
1. The "risk aversion sentiment" that bulls hyped up to the sky has long cooled down
Israel and Iran are no longer able to fight again, and Trump also said that both sides are "exhausted", but gold is still pretending to be "risk aversion"?
I laughed to death, do you really think the market is stupid?
Red Sea shipping friction? This matter has been hyped for half a year, should gold rise? No! This shows that the market does not buy it at all.
2. Expectations of a rate cut by the Federal Reserve? Don't dream!
If the PCE data tonight is higher than expected, the price of gold will dive directly.
Now the hawkish voices within the Federal Reserve are getting stronger and stronger. Powell said that "interest rate cuts may be possible", but what is the actual situation? Inflation data rebounded slightly, and gold prices suffered a heavy blow.
3. Technical aspects?
This is just the last fig leaf for the bulls. 3300 support? Any negative data will destroy it.
Gold is now in a volatile market, with both ups and downs, and it is completely dependent on news support.
If the PCE data is negative tonight, 3250 points will definitely be broken.
At that time, the bulls will find an excuse to say "the adjustment is temporary."
Wake up and avoid risks quickly.
Suggestions:
The 3300 support level of gold price becomes a pressure level
If it falls below $3,300, try to short gold at a high level. The stop loss is set in the 3300-3310 range
The support level below the gold price: 3250-3200-3165
Today, the price of gold still has a large room for decline, and bulls need to pay attention to risk aversion.
When the price of gold hovered around $3,330, bulls began to rise collectively, as if the Federal Reserve was going to cut interest rates tomorrow and a world war was about to break out in the Middle East.
Wake up! Is this kind of fluctuation worthy of being called a market?
1. The "risk aversion sentiment" that bulls hyped up to the sky has long cooled down
Israel and Iran are no longer able to fight again, and Trump also said that both sides are "exhausted", but gold is still pretending to be "risk aversion"?
I laughed to death, do you really think the market is stupid?
Red Sea shipping friction? This matter has been hyped for half a year, should gold rise? No! This shows that the market does not buy it at all.
2. Expectations of a rate cut by the Federal Reserve? Don't dream!
If the PCE data tonight is higher than expected, the price of gold will dive directly.
Now the hawkish voices within the Federal Reserve are getting stronger and stronger. Powell said that "interest rate cuts may be possible", but what is the actual situation? Inflation data rebounded slightly, and gold prices suffered a heavy blow.
3. Technical aspects?
This is just the last fig leaf for the bulls. 3300 support? Any negative data will destroy it.
Gold is now in a volatile market, with both ups and downs, and it is completely dependent on news support.
If the PCE data is negative tonight, 3250 points will definitely be broken.
At that time, the bulls will find an excuse to say "the adjustment is temporary."
Wake up and avoid risks quickly.
Suggestions:
The 3300 support level of gold price becomes a pressure level
If it falls below $3,300, try to short gold at a high level. The stop loss is set in the 3300-3310 range
The support level below the gold price: 3250-3200-3165
Free Signals：
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
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.
Free Signals：
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
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.