📰 News information：
1. ADP data, for reference of tomorrow's NFP data
2. Interest rate cuts and Powell's dovish comments
3. Geopolitical impact on the gold market
📈 Technical Analysis：
Yesterday we expected gold to retreat to the 3330-3320 area. Today, gold hit a low of around 3328 during the Asian session, which is in line with our judgment of the market trend. In the short term, gold may still fall. First, it may test the 3323 support line. If it falls back to this position during the day, you can try to go long. In the short term, focus on the 3315-3305 long-short dividing line below. If gold gets effective support below, it is expected to form a head and shoulders bottom pattern. The short-term decline will accumulate momentum for the future rise. Pay attention to the ADP data during the NY period
🎯 Trading Points：
BUY 3323-3315-3305
TP 3340-3350-3360-3375
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, confronting your mistakes, and strictly disciplining yourself. I hope my analysis can help you🌐.
XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD GOLD
1. ADP data, for reference of tomorrow's NFP data
2. Interest rate cuts and Powell's dovish comments
3. Geopolitical impact on the gold market
📈 Technical Analysis：
Yesterday we expected gold to retreat to the 3330-3320 area. Today, gold hit a low of around 3328 during the Asian session, which is in line with our judgment of the market trend. In the short term, gold may still fall. First, it may test the 3323 support line. If it falls back to this position during the day, you can try to go long. In the short term, focus on the 3315-3305 long-short dividing line below. If gold gets effective support below, it is expected to form a head and shoulders bottom pattern. The short-term decline will accumulate momentum for the future rise. Pay attention to the ADP data during the NY period
🎯 Trading Points：
BUY 3323-3315-3305
TP 3340-3350-3360-3375
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, confronting your mistakes, and strictly disciplining yourself. I hope my analysis can help you🌐.
XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD GOLD Trade active
Gold is still in a downward trend, and the pullback in the previous two days was to create better space. Technically, the shock pattern has not been broken yet. The 50% rebound level of 3350 is almost the position of daily pressure. It is highly likely that the price will continue to fall based on 3350. This is also consistent with what I told you this morning that gold will continue to fall. At present, 3340-3350 above can be considered for shorting, and the support of 3323 below remains unchanged.Trade closed: target reached
At present, the gold price has not completely become a rebound trend. I have executed the short order according to the trading strategy, and I am very confident that gold will retreat to our target point, so that we can continue to do more below to form a head and shoulders bottom.
Engaged in trading for many years,with an accuracy rate of up to 90%🏅If you want to get guidance from professional mentors and get free trading signals📈we can answer any questions you have as soon as possible👇Seize the opportunity to seize profits👇
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.
Engaged in trading for many years,with an accuracy rate of up to 90%🏅If you want to get guidance from professional mentors and get free trading signals📈we can answer any questions you have as soon as possible👇Seize the opportunity to seize profits👇
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.