Gold is bullish but not chasing more
Although the possibility of raising interest rates is not high, if there are hawkish speeches or there is a trend of reducing the number of subsequent interest rate cuts, it is still bad news for gold. Therefore, it is not recommended to chase high gold today. You can go short in batches around 3040-3050, and the support below is 3027-3018-3006! If you want to be prudent, try to do less and wait and see, and wait for the US Federal Reserve's interest rate decision to be settled. Let's see how the market will go today, especially in the European session, and then look for opportunities in the evening.
In terms of trading, the previous day continued to fluctuate. I went short once at 3000 yesterday morning, and the stop loss was 3007. In the afternoon, I fell back to 3005, but I didn't enter with a slight difference of one US dollar. I chased more at 3012, and took profit at 3030 in the evening and went short, with a stop loss of 3038; three orders, two losses and one win, earned 3 US dollars.
In terms of trading, the previous day continued to fluctuate. I went short once at 3000 yesterday morning, and the stop loss was 3007. In the afternoon, I fell back to 3005, but I didn't enter with a slight difference of one US dollar. I chased more at 3012, and took profit at 3030 in the evening and went short, with a stop loss of 3038; three orders, two losses and one win, earned 3 US dollars.
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t.me/+WYSalPEhDtljZDNk
100% accurate trading signals
Free trading strategies
100% accurate trading signals
Free trading strategies
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.