According to data analysis, the Federal Reserve may be forced to cut interest rates three times in 2025 to balance the economy. Against this background, the Asian market rebounded after refreshing the low of 3245 in the early trading, but this is just a short-term phenomenon of short covering.
Technical analysis: Short forces still dominate. In the 4-hour period, the current upper pressure formed strong resistance at the 3297-3310 area. After breaking through this position, gold has been in a weak pattern, and 3295 has become a short-term long-short watershed. The corresponding 3256-3262 area is a short-term support. It is recommended to keep the high point shorting idea as the main idea, and the low long as the auxiliary; and the shorts below 3297 are still expected to test the lower support. It is expected that the gold price will approach or touch it with a high probability today, but whether it can break directly needs to be judged according to the actual trend.
If you want to follow the accurate real-time trading signals every day, you can leave a message to Henry. Henry will make your trading and profit easier.
XAUUSD GOLD XAUUSD XAUUSD XAUUSD XAUUSD
Technical analysis: Short forces still dominate. In the 4-hour period, the current upper pressure formed strong resistance at the 3297-3310 area. After breaking through this position, gold has been in a weak pattern, and 3295 has become a short-term long-short watershed. The corresponding 3256-3262 area is a short-term support. It is recommended to keep the high point shorting idea as the main idea, and the low long as the auxiliary; and the shorts below 3297 are still expected to test the lower support. It is expected that the gold price will approach or touch it with a high probability today, but whether it can break directly needs to be judged according to the actual trend.
If you want to follow the accurate real-time trading signals every day, you can leave a message to Henry. Henry will make your trading and profit easier.
XAUUSD GOLD XAUUSD XAUUSD XAUUSD XAUUSD Note
Gold super accurate plan, have you executed it?Note
Henry just gave a 3297 resistance retracement signal, and the current price has reached around 3284, down $13/ounce. Traders who executed it made huge profitsNote
The gold price hit a low of 3,281, down $16 per ounce.Note
Short orders at the resistance level of 3397 for gold have fallen to around 3377, retreating by 20 USD/oz. Precise trading plan.
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Good at solving all trading problems, doubling the account in a week, and making a stable profit of 300% in a month
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
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.