News---
The Federal Reserve's monetary policy meeting in the early morning of the 20th decided to maintain the federal funds rate at 4.25%-4.50%, which was in line with expectations, and hinted that the rate may be cut twice this year by a total of 50 basis points. Chairman Powell said that inflation progress may be delayed, although the United States has not seen high inflation in the 1970s. In terms of economic expectations, the inflation expectations for 2025 were raised. The unemployment rate is expected to rise to 4.4%. Powell believes that the economy is strong but consumption is slowing down and uncertainty is high. Gold futures rose to a record high. Traders believe that the possibility of a rate cut in June has risen to 66%. At the same time, the Federal Reserve has slowed down its balance sheet reduction, showing a cautious attitude. In the future, economic data and policies will cause market fluctuations.
Gold hourly chart;
Spot gold; From the trend point of view, it has been repeatedly pulled out of historical highs recently due to the loose market atmosphere and risk aversion sentiment. It rose to around 3056 last trading day and fell back quickly. It fell back to around 3022 during the European session and stabilized. The US session rebounded again. The daily line closed at a high level again with a cross star. In addition, today is Friday. In terms of intraday operations, we should go short at high positions first and wait for the retracement!
Today’s Thoughts;
1; For the short order above, you can try an order at the 3040-45 line, with a small stop loss of 5-8 points. If the loss is not covered, no further entry will be made. The target is 10 points or above.
2; For long orders below, you can try the 3020-15 line. For short-term positions, look at 5-8 points. For long orders, be sure to bring a stop loss. If you do not want to take losses, you can not participate in long positions.
~Focus on the support of the 3000 line below! It is best to consider short orders above 3040, and long orders can be around 3020, and it doesn't matter if there are a few points above or below. Long orders must have a stop loss. If the downward trend is rapid, then pay attention to the support of the 3000 integer mark!
XAUUSD GOLD GOLD1!
The Federal Reserve's monetary policy meeting in the early morning of the 20th decided to maintain the federal funds rate at 4.25%-4.50%, which was in line with expectations, and hinted that the rate may be cut twice this year by a total of 50 basis points. Chairman Powell said that inflation progress may be delayed, although the United States has not seen high inflation in the 1970s. In terms of economic expectations, the inflation expectations for 2025 were raised. The unemployment rate is expected to rise to 4.4%. Powell believes that the economy is strong but consumption is slowing down and uncertainty is high. Gold futures rose to a record high. Traders believe that the possibility of a rate cut in June has risen to 66%. At the same time, the Federal Reserve has slowed down its balance sheet reduction, showing a cautious attitude. In the future, economic data and policies will cause market fluctuations.
Gold hourly chart;
Spot gold; From the trend point of view, it has been repeatedly pulled out of historical highs recently due to the loose market atmosphere and risk aversion sentiment. It rose to around 3056 last trading day and fell back quickly. It fell back to around 3022 during the European session and stabilized. The US session rebounded again. The daily line closed at a high level again with a cross star. In addition, today is Friday. In terms of intraday operations, we should go short at high positions first and wait for the retracement!
Today’s Thoughts;
1; For the short order above, you can try an order at the 3040-45 line, with a small stop loss of 5-8 points. If the loss is not covered, no further entry will be made. The target is 10 points or above.
2; For long orders below, you can try the 3020-15 line. For short-term positions, look at 5-8 points. For long orders, be sure to bring a stop loss. If you do not want to take losses, you can not participate in long positions.
~Focus on the support of the 3000 line below! It is best to consider short orders above 3040, and long orders can be around 3020, and it doesn't matter if there are a few points above or below. Long orders must have a stop loss. If the downward trend is rapid, then pay attention to the support of the 3000 integer mark!
XAUUSD GOLD GOLD1! 
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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.
Continuously release precise trading plans to lead members to expand profits, with a stable profit of 988% every month. If you have not made a profit yet, then join us. t.me/fahsufnwks
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.