📰 Impact of news:
1. Federal Reserve Board member Bowman speaks on monetary policy and the banking industry
2. The United States intervenes in the Iran-Israel conflict and pays attention to the geopolitical situation
📈 Market analysis:
In the early Asian session, gold prices surged but failed to break through the key watershed of 3405. The current risk aversion conflict failed to break through the key resistance level, so the short-term trend is still weak and bearish. On the hourly chart, gold continues to retreat. As the current short-selling momentum continues to gain momentum, we will first look at whether the double bottom support of 3340 is effective. If it fails to break through while retreating, we can consider a short-term upward rebound in the support and consider going long. Looking at the second decline point at 3370-3375, unless the news stimulates the gold trend, you can still consider placing short orders if it touches the 3370-3380 line! On the whole, pay attention to the resistance line of 3370-3380 above and the support line of 3345-3335 below.
🏅 Trading strategies:
BUY 3350-3345-3335
TP 3360-3370-3380
SELL 3370-3380
TP 3360-3350-3345
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
XAUUSD XAUUSD XAUUSD XAUUSD GOLD
1. Federal Reserve Board member Bowman speaks on monetary policy and the banking industry
2. The United States intervenes in the Iran-Israel conflict and pays attention to the geopolitical situation
📈 Market analysis:
In the early Asian session, gold prices surged but failed to break through the key watershed of 3405. The current risk aversion conflict failed to break through the key resistance level, so the short-term trend is still weak and bearish. On the hourly chart, gold continues to retreat. As the current short-selling momentum continues to gain momentum, we will first look at whether the double bottom support of 3340 is effective. If it fails to break through while retreating, we can consider a short-term upward rebound in the support and consider going long. Looking at the second decline point at 3370-3375, unless the news stimulates the gold trend, you can still consider placing short orders if it touches the 3370-3380 line! On the whole, pay attention to the resistance line of 3370-3380 above and the support line of 3345-3335 below.
🏅 Trading strategies:
BUY 3350-3345-3335
TP 3360-3370-3380
SELL 3370-3380
TP 3360-3350-3345
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
XAUUSD XAUUSD XAUUSD XAUUSD GOLD Trade active
Our trading strategy hit TP again, and its correctness is beyond doubt. We have firmly won the long and short positions today. Bros, if you keep up with the trading rhythm, I think you must have a good profit like me.
Any transaction that is not for profit is a failure! Lead members to double their accounts in one week, with an accuracy rate of up to 90-95%, free sharing group: t.me/Allenview
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.
Any transaction that is not for profit is a failure! Lead members to double their accounts in one week, with an accuracy rate of up to 90-95%, free sharing group: t.me/Allenview
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.