✅ Fundamental Analysis
🔹 Reports that Russia and Ukraine may arrange a meeting have weakened safe-haven sentiment, putting some pressure on gold prices.
🔹 Market expectations for a Fed rate cut in September remain high, but the July meeting minutes showed that most officials leaned toward keeping rates unchanged, increasing uncertainty.
🔹 The market is currently awaiting the Jackson Hole central bank symposium and new economic data, leading to cautious short-term trading.
✅ Technical Analysis
🔸 Daily Chart: Yesterday’s bullish candlestick fully engulfed the previous day’s bearish candle and held above the middle Bollinger Band. If today closes higher, the bulls may establish a clear advantage. The key is to watch Thursday’s volume; strong buying momentum could open up further upside space.
🔸 4-Hour Chart: The candles have closed consecutively higher, maintaining an upward rhythm, and are now positioned below the middle Bollinger Band. However, the bands have yet to widen, suggesting the trend has not fully developed. Resistance is concentrated around the 3355–3360 area:
• Failure to break through may keep the market in consolidation, with pullbacks seen as normal.
• A breakout with widening Bollinger Bands could indicate stronger momentum, opening the way toward 3375–3400.
🔸 The current rebound is largely viewed as a technical correction within a broader downtrend. Short-term momentum remains bullish, but the medium-term structure is still bearish. The key for bulls is avoiding a deep pullback; otherwise, momentum will weaken. If gold fails to break the early-session high during the European session, the trend may soften and revert to a range-bound pattern.
🔴 Resistance Levels: 3350–3360 / 3372–3375
🟢 Support Levels: 3330–3335 / 3327–3311
✅ Trading Strategy Reference:
🔻 Short Position Strategy:
🔰Consider entering short positions in batches if gold rebounds to the 3365-3370 area. Target: 3350-3340；If support breaks, the move may extend to 3335.
🔺 Long Position Strategy:
🔰Consider entering long positions in batches if gold pulls back to the 3330-3335 area. Target: 3350-3360；If resistance breaks, the move may extend to 3375.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me🤝
🔹 Reports that Russia and Ukraine may arrange a meeting have weakened safe-haven sentiment, putting some pressure on gold prices.
🔹 Market expectations for a Fed rate cut in September remain high, but the July meeting minutes showed that most officials leaned toward keeping rates unchanged, increasing uncertainty.
🔹 The market is currently awaiting the Jackson Hole central bank symposium and new economic data, leading to cautious short-term trading.
✅ Technical Analysis
🔸 Daily Chart: Yesterday’s bullish candlestick fully engulfed the previous day’s bearish candle and held above the middle Bollinger Band. If today closes higher, the bulls may establish a clear advantage. The key is to watch Thursday’s volume; strong buying momentum could open up further upside space.
🔸 4-Hour Chart: The candles have closed consecutively higher, maintaining an upward rhythm, and are now positioned below the middle Bollinger Band. However, the bands have yet to widen, suggesting the trend has not fully developed. Resistance is concentrated around the 3355–3360 area:
• Failure to break through may keep the market in consolidation, with pullbacks seen as normal.
• A breakout with widening Bollinger Bands could indicate stronger momentum, opening the way toward 3375–3400.
🔸 The current rebound is largely viewed as a technical correction within a broader downtrend. Short-term momentum remains bullish, but the medium-term structure is still bearish. The key for bulls is avoiding a deep pullback; otherwise, momentum will weaken. If gold fails to break the early-session high during the European session, the trend may soften and revert to a range-bound pattern.
🔴 Resistance Levels: 3350–3360 / 3372–3375
🟢 Support Levels: 3330–3335 / 3327–3311
✅ Trading Strategy Reference:
🔻 Short Position Strategy:
🔰Consider entering short positions in batches if gold rebounds to the 3365-3370 area. Target: 3350-3340；If support breaks, the move may extend to 3335.
🔺 Long Position Strategy:
🔰Consider entering long positions in batches if gold pulls back to the 3330-3335 area. Target: 3350-3360；If resistance breaks, the move may extend to 3375.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me🤝
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Channel：t.me/+AMHhMKEIj_IzN2Vl
✉️VIP Guidance : t.me/Jack_blackwell
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Channel：t.me/+AMHhMKEIj_IzN2Vl
✉️VIP Guidance : t.me/Jack_blackwell
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.
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Channel：t.me/+AMHhMKEIj_IzN2Vl
✉️VIP Guidance : t.me/Jack_blackwell
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Channel：t.me/+AMHhMKEIj_IzN2Vl
✉️VIP Guidance : t.me/Jack_blackwell
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.