Gold had a roller coaster ride on Wednesday, mainly because Trump considered firing Fed Chairman Powell, which quickly ignited the market's risk aversion and pushed gold prices up by $50. However, Trump quickly denied the plan, and the market's risk aversion cooled. Gold fluctuated and fell on Thursday, and investors' expectations of the Fed's rate cut cooled, which began to affect the market again.
On the daily chart, gold rose and fell, and continued to fluctuate. The support below gold is $3316-3305; the upper pressure focuses on $3338, which is also the low point of the rapid decline of gold prices after rising on Wednesday, and then pay attention to $3347. There is still a risk of a short-term decline in the short-term technical aspect.
Gold intraday reference: Investors' expectations of the Fed's rate cut have cooled, and the US dollar continues to rebound, which has caused short-term suppression on gold. In terms of trading, it is recommended to treat it with a volatile mindset. The upper pressure will focus on the resistance of 3338-3347 US dollars. If this area is not broken, consider short selling. The lower side will focus on the support of 3316-3305 US dollars. If it falls below this area, support below 3300 will be needed.
XAUUSD XAUUSD GOLD XAUUSD XAUUSD GOLD XAUUSD
On the daily chart, gold rose and fell, and continued to fluctuate. The support below gold is $3316-3305; the upper pressure focuses on $3338, which is also the low point of the rapid decline of gold prices after rising on Wednesday, and then pay attention to $3347. There is still a risk of a short-term decline in the short-term technical aspect.
Gold intraday reference: Investors' expectations of the Fed's rate cut have cooled, and the US dollar continues to rebound, which has caused short-term suppression on gold. In terms of trading, it is recommended to treat it with a volatile mindset. The upper pressure will focus on the resistance of 3338-3347 US dollars. If this area is not broken, consider short selling. The lower side will focus on the support of 3316-3305 US dollars. If it falls below this area, support below 3300 will be needed.
XAUUSD XAUUSD GOLD XAUUSD XAUUSD GOLD XAUUSD Note
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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.