After Trump announced a comprehensive ceasefire agreement between Israel and Iran, market risk aversion significantly cooled, and gold prices plunged by more than $30 in early trading. Although the stability of the ceasefire agreement remains doubtful, the rebound in risk appetite has dominated market trends, with stock markets rebounding, oil prices falling, and demand for safe-haven assets declining.
From a technical perspective, the moving average system on the daily chart of gold shows an intertwined state, indicating a relative balance between bulls and bears. The current key resistance above is near 3350, which is an important psychological threshold. If effectively broken, it may open up upward space; the lower support is focused on the 3285-3290 range, which is the lower edge of the May consolidation platform. A break below this level may intensify correction pressure. The loss of the midline in the 4-hour chart further confirms the short-term weak structure, providing technical support for the downward trend.
XAUUSD
sell@3330-3340
tp:3320-3310
buy@3285-3290
tp:3310-3320
Investment itself is not the source of risk; it is only when investment behavior escapes rational control that risks lie in wait. In the trading process, always bear in mind that restraining impulsiveness is the primary criterion for success. I share trading signals daily, and all signals have been accurate without error for a full month. Regardless of your past profits or losses, with my assistance, you have the hope to achieve a breakthrough in your investment.
From a technical perspective, the moving average system on the daily chart of gold shows an intertwined state, indicating a relative balance between bulls and bears. The current key resistance above is near 3350, which is an important psychological threshold. If effectively broken, it may open up upward space; the lower support is focused on the 3285-3290 range, which is the lower edge of the May consolidation platform. A break below this level may intensify correction pressure. The loss of the midline in the 4-hour chart further confirms the short-term weak structure, providing technical support for the downward trend.
XAUUSD
sell@3330-3340
tp:3320-3310
buy@3285-3290
tp:3310-3320
Investment itself is not the source of risk; it is only when investment behavior escapes rational control that risks lie in wait. In the trading process, always bear in mind that restraining impulsiveness is the primary criterion for success. I share trading signals daily, and all signals have been accurate without error for a full month. Regardless of your past profits or losses, with my assistance, you have the hope to achieve a breakthrough in your investment.
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🔗 Join our Telegram channel for precise signals👇
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👉 Join now and never miss a profitable trade! 🚀
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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.
🔥 We share at least 3-5 FREE trading signals daily 📈—monthly returns up to 300%-500%! 💹
🔗 Join our Telegram channel for precise signals👇
t.me/+XPmb-cKTquE0OTk0
👉 Join now and never miss a profitable trade! 🚀
t.me/+XPmb-cKTquE0OTk0
🔗 Join our Telegram channel for precise signals👇
t.me/+XPmb-cKTquE0OTk0
👉 Join now and never miss a profitable trade! 🚀
t.me/+XPmb-cKTquE0OTk0
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.