Gold Spot / U.S. Dollar
Long
Updated

XAUUSD:Today's trading strategy

116
snapshot

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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