Gold Spot / U.S. Dollar
Long
Updated

Bull market returns? Aiming at 3400?

91
📰 Impact of news:

1. New uncertainty in Russia-Ukraine negotiations

📈 Market analysis:

The current trend of gold prices is erratic and discontinuous, and only swing trading can be adopted during the day. In the short term, there is a certain pressure at 3385-3395 above. If this resistance area is broken, the gold price is expected to continue to rise. The short-term support below XAUUSD is at 3350-3340. At present, the news has a greater impact on the gold price, coupled with the support of market risk aversion, so in the short term, attention should be paid to the break of the upper resistance.

🏅 Trading strategies:

BUY 3370-3365
TP 3385-3395-3400

SELL 3395-3400
TP 3380-3370

BUY 3350-3340
TP 3370-3380

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.

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