🗞News side:
1. China-US trade relations eased, suspending some tariffs and countermeasures
2. Russia and Ukraine suspended firing for 30 days, and the India-Pakistan conflict was temporarily mediated
📈Technical aspects:
Affected by the easing of Sino-US economic and trade relations, coupled with the fact that the Russian-Ukrainian negotiations are on the right track and India and Pakistan have suspended firing, the risk aversion sentiment in the gold market has eased, and the gold price has fallen sharply since the opening today. At present, the 3200 line has formed an important short-term support. If the support effect is strong at this point, the gold price may rebound further; if it falls below this key support, it will accelerate the opening of downward space. The upper 3250-3260 is the previous intensive trading area, which will pose a certain pressure in the short term. At the top of the European market, focus on the resistance range of 3250-3260, and at the bottom, the support range is 3210-3200.
🎁BUY 3200-3210
🎁TP 3250-3260
🎁 SELL 3260-3270
🎁 TP 3250-3230
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
XAUUSD XAUUSD GOLD XAUUSD XAUUSD
1. China-US trade relations eased, suspending some tariffs and countermeasures
2. Russia and Ukraine suspended firing for 30 days, and the India-Pakistan conflict was temporarily mediated
📈Technical aspects:
Affected by the easing of Sino-US economic and trade relations, coupled with the fact that the Russian-Ukrainian negotiations are on the right track and India and Pakistan have suspended firing, the risk aversion sentiment in the gold market has eased, and the gold price has fallen sharply since the opening today. At present, the 3200 line has formed an important short-term support. If the support effect is strong at this point, the gold price may rebound further; if it falls below this key support, it will accelerate the opening of downward space. The upper 3250-3260 is the previous intensive trading area, which will pose a certain pressure in the short term. At the top of the European market, focus on the resistance range of 3250-3260, and at the bottom, the support range is 3210-3200.
🎁BUY 3200-3210
🎁TP 3250-3260
🎁 SELL 3260-3270
🎁 TP 3250-3230
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
XAUUSD XAUUSD GOLD XAUUSD XAUUSD 
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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.
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.