Gold Spot / U.S. Dollar
Short
Updated

Gold is trading sideways, can the bearish trend continue?

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🗞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:

The trading strategy given today, if brothers have reference and follow the trading strategy to participate in long orders, I think you should all have good gains on hand. At present, gold is in consolidation, the 4H moving average is in a short position, and the MACD dead cross continues to increase, so the short-term short momentum still exists. From a technical point of view, in the downward trend from last week's high of 3347 to the current low of 3207, 3260 is at a key position. Therefore, we pay attention to the possibility of gold rebounding to 3260 in the evening.

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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Bros, affected by the tariff benefits and geopolitical factors, the price of gold began to fall. Therefore, the trading strategy given again in the evening is to look for a rebound around 3260, but gold is currently in a sideways consolidation, and I also manually closed the order to lock in the profits on hand.

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