Trump showed a draft of the letter to fire Powell, but whether Powell will be fired in the end remains to be seen, but the impact on the gold market is undoubtedly huge. The wolves have now smelled a very dangerous scent. Don’t chase high prices. Don’t chase high prices! ! ! After all, the impact of the news comes and goes quickly, and there is a high possibility of a reversal later in the evening. The final suppression position of the current gold daily line is 3340. If the closing line today can maintain above 3340, then gold will usher in a real bullish trend in the future.
XAUUSD
XAUUSD Trade active
Technically, the gold 1-hour chart shows a pattern of rising and falling and closing with a long upper shadow. If there is no new risk-averse news stimulus, the probability of rising again in the short term is low. Pay attention to the resistance of 3365-3375 in the evening. Go short when there is pressure and resistance, and the target is 3355-3345.Trade closed: target reached
Yesterday, I gave the idea of not chasing long positions easily. Currently, gold is consolidating around 3330. In the current situation, gold can only open up downward space if it falls below 3320. If the price remains at 3320 or 3310 before the data, you can immediately follow up with long positions after the positive news is released. If it is negative, don't chase it. Try to make a large long correction at the integer levels of 3290-3300 in the future market to see an oversold large long correction
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📊Immersed in the trading market for many years, with professional analysis and guidance🎯the average account doubled within 2 weeks🤑. Be a wolf hunting in the trading market🐺never let go of the prey👇 join my wolf pack to get free signals👇
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.