📰 News information：
1. Focus on tomorrow's CPI data
2. Bowman's speech at the Federal Reserve
3. Tariff information outflows and countries' responses to tariff issues
📈 Technical Analysis：
The short-term trend flag pattern has been formed, and our short-selling strategy perfectly hits the TP. According to current news, Trump has once again urged the Federal Reserve to cut interest rates. While there is almost no possibility of a rate cut this month, there is a high probability that a 25 basis point rate cut will be completed in September, which is also in line with our previous prediction of market trends.
The big negative line in 4H pierced the middle Bollinger band. Although the CPI data is bullish, it has little impact based on the announced value. Market expectations have been digested in advance, so there is no room for a big drop. The upper points still focus on the short-term resistance of 3355-3365. If it rebounds to this area first in the short term, you can consider shorting again. Focus on the strong support of 3330 below. As long as the retracement entity does not fall below 3330, gold will rise again and touch the resistance line of 3375-3385.
🎯 Trading Points：
BUY 3335-3325
TP 3355-3365
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
XAUUSD XAUUSD XAUUSD XAUUSD GOLD XAUUSD
1. Focus on tomorrow's CPI data
2. Bowman's speech at the Federal Reserve
3. Tariff information outflows and countries' responses to tariff issues
📈 Technical Analysis：
The short-term trend flag pattern has been formed, and our short-selling strategy perfectly hits the TP. According to current news, Trump has once again urged the Federal Reserve to cut interest rates. While there is almost no possibility of a rate cut this month, there is a high probability that a 25 basis point rate cut will be completed in September, which is also in line with our previous prediction of market trends.
The big negative line in 4H pierced the middle Bollinger band. Although the CPI data is bullish, it has little impact based on the announced value. Market expectations have been digested in advance, so there is no room for a big drop. The upper points still focus on the short-term resistance of 3355-3365. If it rebounds to this area first in the short term, you can consider shorting again. Focus on the strong support of 3330 below. As long as the retracement entity does not fall below 3330, gold will rise again and touch the resistance line of 3375-3385.
🎯 Trading Points：
BUY 3335-3325
TP 3355-3365
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
XAUUSD XAUUSD XAUUSD XAUUSD GOLD XAUUSD Trade active
Technically, the bottom shows signs of stabilization, and short-term indicators are seriously off track, which can be considered seriously overbought. It is still difficult to fall below 3320 in the short term. I hope my brothers are not scared by the market. In my opinion, there were many people participating in the initial long position at 3335-3330, but the subsequent decline to around 3320 seemed more like a need to complete a wash-out, which would clear out the bros who were long at 3335-3330. But from the current situation, it is obviously unrealistic to want to make more profits. The bold ones will eat their fill, and the timid ones will starve to death. Bros who want to make a profit or recover losses can continue to hold long positions at 3325-3320 and look at 3335-3340 above.Trade closed: target reached
At present, the gold daily line is basically surrounded by the moving average. There is a certain suppression above 3340 in the short term, and there is short-term support below 3320. As long as we can hold the key support of 3325-3320, gold will rebound. Today, only if gold breaks through the important pressure of 3340-3345, the bulls will have a chance to come back. If 3320 is lost, gold may test the 3300 mark
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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.
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.