At present, the gold market is divided between long and short positions. The Federal Reserve may maintain high interest rates, which weakens the investment appeal of gold; however, trade frictions and geopolitical risks provide safe-haven support for gold. Overall, market sentiment is mixed, with bulls lacking confidence, but bears have not been able to fully control the situation. Last week's strong non-farm data reduced market expectations for a rate cut in July, pushing up U.S. bond yields and the dollar, putting pressure on gold, which does not generate interest. In addition, Trump said on social media that he would impose a 10% tariff on countries that "support anti-U.S. policies." The market is waiting for the release of the minutes of the Fed's June meeting, which will more clearly show policymakers' views on the current economic situation and future policies, and may determine the direction of interest rates. If the minutes show that the Fed is inclined to maintain high interest rates for a longer period of time, gold prices may continue to face downward pressure.
From a technical perspective, gold was under pressure at a high level at the opening, so gold is expected to fall today. Today's key pressure level is 3345. Before the price effectively breaks through and stabilizes at 3345, any rebound is a short-selling opportunity; once it stabilizes at 3345, the bottom pattern is confirmed to be established, and the bulls will start an upward market. At this time, the short-selling idea should be abandoned. From a technical point of view, the 1-hour chart has shown a trend from weak to strong, and the Bollinger Bands are opening and diverging upward, indicating that the market may accelerate upward. Today's operation suggestion is to focus on low-long and high-short as a supplement. In terms of specific points, the lower support is 3327-3320, and the upper resistance is 3355-3360.
Operation strategy:
1. It is recommended to buy gold when it rebounds to around 3327-3320, with the target at 3340-3350.
2. It is recommended to sell gold when it rebounds to around 3345-3355, with the target at 3330-3320.
From a technical perspective, gold was under pressure at a high level at the opening, so gold is expected to fall today. Today's key pressure level is 3345. Before the price effectively breaks through and stabilizes at 3345, any rebound is a short-selling opportunity; once it stabilizes at 3345, the bottom pattern is confirmed to be established, and the bulls will start an upward market. At this time, the short-selling idea should be abandoned. From a technical point of view, the 1-hour chart has shown a trend from weak to strong, and the Bollinger Bands are opening and diverging upward, indicating that the market may accelerate upward. Today's operation suggestion is to focus on low-long and high-short as a supplement. In terms of specific points, the lower support is 3327-3320, and the upper resistance is 3355-3360.
Operation strategy:
1. It is recommended to buy gold when it rebounds to around 3327-3320, with the target at 3340-3350.
2. It is recommended to sell gold when it rebounds to around 3345-3355, with the target at 3330-3320.
Trade active
The market trend is in full compliance with the predicted rhythm, the shock structure is clear, and the key points are flexibly responded to. With the accurate layout of two-way thinking, long and short double kills can be achieved.Profit is the appropriate standard for testing strength. No matter how professional the analysis report is or how profound the article is, it cannot change our goal of pursuing profit. The wise are pragmatic, and the foolish are competitive. Analysts are not literati, and they do not need gorgeous words to impress customers, but only need to prove themselves with profits. The market is unpredictable, and excellent analysts will try their best to grasp every wave of market fluctuations and give back to everyone, so that you can face the market calmly.
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Trade closed: target reached
As expected in the trading plan, gold rebounded quickly after falling to the 3320 line, accurately triggering the long strategy, and has now successfully entered the profit stage. The market trend is highly consistent with the forecast, and the trend is still clear, which verifies our accurate grasp of the market rhythm. Trading is not an emotional game, but a manifestation of logic and discipline. The market always belongs to those who plan ahead, not gamblers who chase ups and downs. At present, the market rhythm is clear, and conservative traders are advised to gradually reduce their positions to stop profits, lock in profits, and ensure that the profits belong to themselves. Only by adhering to planned trading and controlling emotional fluctuations can you truly be invincible in the market.If you do not have the ability to respond to the market flexibly in trading, and are not good at adjusting your trading thinking and rhythm in time with the market rhythm, you can contact me, let us pursue more profits flexibly and stably in the impermanent market together!
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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.