On Tuesday, the news that Trump announced a ceasefire between Iran and Israel dampened the risk aversion sentiment. Subsequently, the news that expectations of interest rate cuts had slowed down led to a further decline in gold prices. During the trading session, it once fell below the 3,300 mark. After the impact of the news weakened, it eventually rebounded to around 3,323, approaching the position where we first entered the market yesterday. Currently, there is no logic in the market. From a technical perspective, The resistance level above is at 3340-45, and the support level below is at 3305-10. We can conduct transactions around this range
Trading strategy:
SELL@3340-45
TP:3310-04
BUY@3305-10
TP:3335-40
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Join my free Signal club:t.me/Bob999_88group
Precise signals can also be obtained:t.me/Bob999_8
To make more money, start by joining: t.me/Bob999_88group
Precise signals can also be obtained:t.me/Bob999_8
To make more money, start by joining: t.me/Bob999_88group
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.