📰 News information：
1. Federal Reserve meeting minutes
📈 Technical Analysis：
Gold fell into a narrow range of fluctuations during the European trading session. As I said this morning, gold is expected to rebound in the short term and the bullish momentum needs to be released. From a technical perspective, the overall market is still in a volatile pattern. The support at the 3280 level below is still a key point that needs attention in the short term. The European session has repeatedly tested this area. If it falls below this support, it is expected to touch the 3250 level as I said. While guarding against gold diving during the NY session, the upper resistance of 3315-3321 cannot be ignored to prevent bullish retaliation.
🎯 Trading Points：
SELL 3315-3321-3333
TP 3300-3290-3280-3250
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 XAUUSD GOLD
1. Federal Reserve meeting minutes
📈 Technical Analysis：
Gold fell into a narrow range of fluctuations during the European trading session. As I said this morning, gold is expected to rebound in the short term and the bullish momentum needs to be released. From a technical perspective, the overall market is still in a volatile pattern. The support at the 3280 level below is still a key point that needs attention in the short term. The European session has repeatedly tested this area. If it falls below this support, it is expected to touch the 3250 level as I said. While guarding against gold diving during the NY session, the upper resistance of 3315-3321 cannot be ignored to prevent bullish retaliation.
🎯 Trading Points：
SELL 3315-3321-3333
TP 3300-3290-3280-3250
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 XAUUSD GOLD Trade active
The current market is in a volatile market as I said. If it retreats to 3300 again at night, you can try short-term longs. If it touches the upper short-term resistance of 3315-3321, you can try shorting. If it breaks through, pay attention to 3333, which was a previous intensive trading point.Note
The Fed meeting is about to be held. Whether the speech is dovish or hawkish, it is challenging for the Fed to run the world's largest economy, and the next chairman will face an additional burden: Trump's increased intervention in monetary policy has caused credibility issues for the Fed. Whoever takes over in the end may be labeled as "only executing Trump's interest rate cut order." At the same time, we will wait and see whether Trump's continued imposition of tariffs on other countries will have an impact on the gold market.Trade closed: target reached
At present, the gold price has hit our TP. After the initial jobless claims data was released, it did not extend downward immediately in the short term. Instead, it tested the 3330-3335 resistance area again, and the overall market was in shock again. Often at this time, many brothers began to worry whether the shorts would touch the SL, but I have said the corresponding reasons many times today, so I will not elaborate on them too much. I can only say that if there is no good trading opportunity, no correct trading strategy and professional guidance, most people will be disturbed by the sound and choose the wrong direction, causing themselves to be trapped. If you are struggling with losses at this time, or which order to follow among so many strategies, then at this time, you can choose to observe my trading strategy. My trading operations are open and transparent. Whether you can seize the opportunity depends on you.Note
Pay attention to Waller's speech at the meeting to see if there is any news on rate cuts. Judging from the abnormal trend of gold's rebound, the short-term rebound is more like the promotion of risk aversion rather than a real reversal. We have already witnessed the strong resistance of 3330-3335 during the European session. If it cannot effectively break through 3330 points in the short term, it will continue to fall. If it breaks through 3330, it is expected to reach the 3345 line I mentioned this morning. From a technical perspective, I prefer to short in the short term. The resistance range of 3325-3330 above is a good position to go short when encountering resistance and pressure.Note
Gold broke through 3330 as expected, reaching a high of around 3344, which is in line with our overall judgment of the market. We are currently shorting around 3341 and considering seeing 3330, and looking for trading opportunities between 3350-3320 to go longNote
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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.