📰 Impact of news:
1. Geopolitical risks
2. Expected Fed policy
📈 Market analysis:
The market opened higher in the morning and then continued to fall. From a medium-term perspective, the market is still in a medium-term bullish position. The price will only be under further pressure if it breaks below the weekly support. Observing from the daily level, the price broke through the daily resistance again last Wednesday and continued to soar after the breakthrough. The current price is testing the monthly high, and the subsequent gains and losses of the previous high are the key. Judging from the 1H chart, the short-term death cross continues to fall. At the same time, according to the 4H level, as time goes by, we need to pay attention to the support of 3413-3403. This support is the key watershed of the short-term trend. As long as it does not fall below this support, the bulls still have a chance.
🏅 Trading strategies:
BUY 3413-3403
TP 3430-3440
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 XAUUSD XAUUSD GOLD
1. Geopolitical risks
2. Expected Fed policy
📈 Market analysis:
The market opened higher in the morning and then continued to fall. From a medium-term perspective, the market is still in a medium-term bullish position. The price will only be under further pressure if it breaks below the weekly support. Observing from the daily level, the price broke through the daily resistance again last Wednesday and continued to soar after the breakthrough. The current price is testing the monthly high, and the subsequent gains and losses of the previous high are the key. Judging from the 1H chart, the short-term death cross continues to fall. At the same time, according to the 4H level, as time goes by, we need to pay attention to the support of 3413-3403. This support is the key watershed of the short-term trend. As long as it does not fall below this support, the bulls still have a chance.
🏅 Trading strategies:
BUY 3413-3403
TP 3430-3440
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 XAUUSD XAUUSD GOLD Trade active
At present, gold is consolidating sideways again. If the intraday retracement is too large, the US market will easily fluctuate. Focus on the 3403 watershed support, and then the 3390 support. If the support is not broken after the evening decline, continue to go long. Our trading strategy is still effective
Any transaction that is not for profit is a failure! Lead members to double their accounts in one week, with an accuracy rate of up to 90-95%, free sharing group: t.me/Allenview
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.
Any transaction that is not for profit is a failure! Lead members to double their accounts in one week, with an accuracy rate of up to 90-95%, free sharing group: t.me/Allenview
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.