Trump's trade policy continues to stimulate risk aversion. Although the Federal Reserve's meeting minutes are neutral, they can potentially provide support for gold. Yesterday we gave the short positions of 3321 and 3333, which have generated profits so far. At the same time, it should be noted that the 4H MACD indicator has the potential demand to form a golden cross. In the short term, there is a certain suppression force at 3330-3335. If the Asian and European sessions repeatedly test this position but fail to break through effectively, you can go short without hesitation. If you want to go short again during the day, you can consider 3340-3345 and defend 3350. The lower 3310-3305 is a relatively strong support area during the day. If the Asian session retreats to this point, you can consider going long, with the target looking at 3330-3335.
XAUUSD
XAUUSD Trade active
This wave of bullish pull-up is a rebound correction. With the help of the timeliness of fundamentals, it only rose to 3328 at most and then fell back. At this time, many people probably followed the market and believed that the short-term trend began to change. I also said this morning that as long as it does not break through the suppression of 3330 above, and encounters resistance and pressure again, gold will fall again. Even if it breaks through 3330-3335, then the upper 3340-3345 will be a correction for the bulls. I still stick to my bearish thinking. If I am wrong, you are welcome to ridicule me.Trade closed: target reached
Bros, I hope you are not scared by the market's long voices. I told you a long time ago that wolves have a keen sense of smell. I smell the smell of money. I have been telling you to go short since last night, and I have given you very detailed points.
📊Immersed in the trading market for many years, with professional analysis and guidance🎯the average account doubled within 2 weeks🤑. Be a wolf hunting in the trading market🐺never let go of the prey👇 join my wolf pack to get free signals👇
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📊Immersed in the trading market for many years, with professional analysis and guidance🎯the average account doubled within 2 weeks🤑. Be a wolf hunting in the trading market🐺never let go of the prey👇 join my wolf pack to get free signals👇
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.