Information summary:
On Tuesday, as the China-US trade negotiations entered the second day, the US dollar index fluctuated around the 99 mark.
The gold price once approached the 3,300 US dollar mark in the Asian market, and then continued to rise, reaching the highest of the 3,350 US dollar mark. After the opening of the US stock market, all the gains during the day were given up, and it has been maintained below 3,350 for consolidation.
From the current known negotiation information, the two sides basically agree on the general direction and principles, but it means that more specific content and details have not yet been fully negotiated, and more dialogue is needed to resolve.
Market analysis:
From the current gold market, as long as the 3,350 mark cannot be strongly broken through next, the price will fall again. The consolidation range will remain at 3,300-3,350. As long as the price fails to break through strongly, there will still be a fifth wave of downward trend.
Therefore, gold is still maintaining short selling operations at high points.
Operation strategy:
Short at 3345-3450, stop loss at 3360, the first target is this week's low of 3300, the second target is 3285, and the third target is 3250.
On Tuesday, as the China-US trade negotiations entered the second day, the US dollar index fluctuated around the 99 mark.
The gold price once approached the 3,300 US dollar mark in the Asian market, and then continued to rise, reaching the highest of the 3,350 US dollar mark. After the opening of the US stock market, all the gains during the day were given up, and it has been maintained below 3,350 for consolidation.
From the current known negotiation information, the two sides basically agree on the general direction and principles, but it means that more specific content and details have not yet been fully negotiated, and more dialogue is needed to resolve.
Market analysis:
From the current gold market, as long as the 3,350 mark cannot be strongly broken through next, the price will fall again. The consolidation range will remain at 3,300-3,350. As long as the price fails to break through strongly, there will still be a fifth wave of downward trend.
Therefore, gold is still maintaining short selling operations at high points.
Operation strategy:
Short at 3345-3450, stop loss at 3360, the first target is this week's low of 3300, the second target is 3285, and the third target is 3250.
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.
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.