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💡Message Strategy
The gold market has been volatile recently, with price fluctuations weighing on the nerves of global investors. Gold prices saw a significant decline on Monday (August 11th), with market attention focused on the US-Russia talks regarding the Ukraine conflict and the upcoming release of US Consumer Price Index (CPI) data.
These two major events not only have implications for the direction of geopolitical developments but may also provide important clues to the Federal Reserve's interest rate policy, thereby influencing the future trend of gold prices.
📊Technical aspects
Gold bulls rebounded under pressure, retreating to the 3400 level before ultimately breaking down. Gold bulls have lost their initiative, the rebound is weak, and the price continues to fall, breaking new lows. Gold has now reached scenario 2, which we discussed yesterday, at 3350, and is poised for further declines.
Gold's 1-hour high trading volume zone finally broke below, breaking the oscillation pattern. This means the high-level box has formed a short-term top structure, and the resistance at the high level has become very heavy.
At this point, it's no longer advisable to blindly chase gold prices; a bearish outlook on a pullback is the prevailing trend.
💰Strategy Package
Short Position:3360-3365，SL:3380，Target: 3330
💡Message Strategy
The gold market has been volatile recently, with price fluctuations weighing on the nerves of global investors. Gold prices saw a significant decline on Monday (August 11th), with market attention focused on the US-Russia talks regarding the Ukraine conflict and the upcoming release of US Consumer Price Index (CPI) data.
These two major events not only have implications for the direction of geopolitical developments but may also provide important clues to the Federal Reserve's interest rate policy, thereby influencing the future trend of gold prices.
📊Technical aspects
Gold bulls rebounded under pressure, retreating to the 3400 level before ultimately breaking down. Gold bulls have lost their initiative, the rebound is weak, and the price continues to fall, breaking new lows. Gold has now reached scenario 2, which we discussed yesterday, at 3350, and is poised for further declines.
Gold's 1-hour high trading volume zone finally broke below, breaking the oscillation pattern. This means the high-level box has formed a short-term top structure, and the resistance at the high level has become very heavy.
At this point, it's no longer advisable to blindly chase gold prices; a bearish outlook on a pullback is the prevailing trend.
💰Strategy Package
Short Position:3360-3365，SL:3380，Target: 3330
Trade active
Notice the gold trend is starting to turn
Through scientific and rigorous financial analysis and personalized strategy formulation, we help you achieve stable growth of wealth. At the same time, in a complex and changing economic environment, we help you avoid potential risks and protect the saf
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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.
Through scientific and rigorous financial analysis and personalized strategy formulation, we help you achieve stable growth of wealth. At the same time, in a complex and changing economic environment, we help you avoid potential risks and protect the saf
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.