Analysis of gold price rise and fall on Monday
The probability distribution of gold price trend next Monday is as follows:
Probability of rise: 55%-60%.
Support factors include: the expectation of Fed rate cuts has been strengthened, the dollar is weak, the tariff deadline is approaching, triggering safe-haven demand, and the momentum of short-term rebound in the technical aspect.
Probability of decline: 35%-40%.
Risk factors include: strong resistance at 3360 points on the technical side, temporary relief of geopolitical risks, and profit-taking pressure.
Probability of sideways fluctuation: 5%-10%.
If there is a lack of catalysts, the gold price may fluctuate in the range of 3310-3360, waiting for new clues.
Operation strategy reference:
Long position strategy: If the gold price falls back to the 3310-3315 area and stabilizes, you can go long with a light position, set the stop loss below 3300, and the target is 3325-3330 (it can go up to 3335-3340 after breaking through).
Short-selling strategy: If the gold price rises to the 3350-3360 range, you can short with a light position, set the stop loss above 3360, and target 3325-3330 (after breaking through, look down to 3310--3300-3280).
Fundamentals
Weight analysis of key influencing factors:
Subsequent impact of US non-farm payrolls data: If the detailed interpretation of non-farm data next Monday continues to ferment, it may provide support for gold.
Expected changes in the tariff decision on July 9: Next Monday will be the last trading day before the suspension of US trade tariffs (July 9), and market concerns about the Trump administration's possible increase in tariffs may heat up.
Any relevant news or official statements may trigger safe-haven funds to flow into gold.
Key technical game:
The battle between the $3310 support level and the $3360 resistance level will continue to dominate the short-term trend.
If the opening price remains above the 3330-3340 range next Monday, it may test the 3360 resistance; if it falls below 3310, it may fall to the 3280 support.
Trends of the US dollar index and US Treasury yields: The US dollar index has recently fallen to a two-year low (96.875), and US Treasury yields have also fallen (10-year yields are 4.228%). If this trend continues, it will be good for gold.
Geopolitical risk dynamics: Although the situation in the Middle East has not escalated further, it is still in a tense state, and sudden news may disrupt the market at any time.
The probability distribution of gold price trend next Monday is as follows:
Probability of rise: 55%-60%.
Support factors include: the expectation of Fed rate cuts has been strengthened, the dollar is weak, the tariff deadline is approaching, triggering safe-haven demand, and the momentum of short-term rebound in the technical aspect.
Probability of decline: 35%-40%.
Risk factors include: strong resistance at 3360 points on the technical side, temporary relief of geopolitical risks, and profit-taking pressure.
Probability of sideways fluctuation: 5%-10%.
If there is a lack of catalysts, the gold price may fluctuate in the range of 3310-3360, waiting for new clues.
Operation strategy reference:
Long position strategy: If the gold price falls back to the 3310-3315 area and stabilizes, you can go long with a light position, set the stop loss below 3300, and the target is 3325-3330 (it can go up to 3335-3340 after breaking through).
Short-selling strategy: If the gold price rises to the 3350-3360 range, you can short with a light position, set the stop loss above 3360, and target 3325-3330 (after breaking through, look down to 3310--3300-3280).
Fundamentals
Weight analysis of key influencing factors:
Subsequent impact of US non-farm payrolls data: If the detailed interpretation of non-farm data next Monday continues to ferment, it may provide support for gold.
Expected changes in the tariff decision on July 9: Next Monday will be the last trading day before the suspension of US trade tariffs (July 9), and market concerns about the Trump administration's possible increase in tariffs may heat up.
Any relevant news or official statements may trigger safe-haven funds to flow into gold.
Key technical game:
The battle between the $3310 support level and the $3360 resistance level will continue to dominate the short-term trend.
If the opening price remains above the 3330-3340 range next Monday, it may test the 3360 resistance; if it falls below 3310, it may fall to the 3280 support.
Trends of the US dollar index and US Treasury yields: The US dollar index has recently fallen to a two-year low (96.875), and US Treasury yields have also fallen (10-year yields are 4.228%). If this trend continues, it will be good for gold.
Geopolitical risk dynamics: Although the situation in the Middle East has not escalated further, it is still in a tense state, and sudden news may disrupt the market at any time.
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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.
💸Free signal:t.me/+-tEkPdw9F0IzOGQx
Enjoy life, enjoy trading
Enjoy life, enjoy trading
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.