📣Gold News
Due to the easing of the situation in the Middle East, gold has fallen in the past few days, and the market has been eagerly looking forward to the interest rate cut, because the tariffs in the Trump era may push up inflation, but it has not come yet. "
On Thursday, the U.S. Department of Labor and Commerce issued key economic data, including initial jobless claims and the final value of real GDP in the first quarter. The number of initial jobless claims was 236,000, a decrease of 9,000 from 245,000 in the previous week, better than the market expectation of 245,000. At the same time, as of June 14, the number of continued unemployment claims in the week increased by 37,000 to 1.974 million, a new high since November 2021. Gold stopped below the moving average today. Gold did not continue the small positive line rise, and the decline continued during the U.S. trading period.
Today, focus on the continuation of short positions, comprehensive Labaron believes that gold is bearish today. For today's operation, consider rebound shorting as the main, and low long as the auxiliary.
📣 Pay attention to the resistance of 3330-3345 US dollars above
📣 Pay attention to the support of 3300-3280 US dollars below
💰 Go long near 3295-3285, target 3310-3320
💰 Go short near 3330-3340, target 3000-3290
If you have just entered the market, you are confused about the market of gold, oil and silver, and you always do the opposite operation direction and the entry price is unstable. I hope Labaron's article will help you.
Within the framework of controllable risks, we will continue to create safe and reliable value growth for trust. Free trading signals ☛t.me/+arTT14Fe44tkMzAx
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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.
Within the framework of controllable risks, we will continue to create safe and reliable value growth for trust. Free trading signals ☛t.me/+arTT14Fe44tkMzAx
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.