Today's important news:
At 8:30, Fed Chairman Powell delivered a welcome speech at a regulatory meeting; at 13:00, Fed Governor Bowman hosted a fireside chat session at the large bank capital framework meeting hosted by the Fed.
Market conditions:
The current daily trend is mainly "strong rise" (Monday closed positive and broke through the shock, and the moving average turned upward). The core logic is that short-term bullish momentum is dominant, and it is necessary to focus on the effectiveness of support and the rhythm of breaking through resistance.
Today, we need to focus on the support belt 3365-3360 area (this position is the 5-day moving average position and the low point of yesterday's European session). As a short-term moving average support, this area is the first line of defense for bulls today. If it can stabilize here, it can be regarded as a signal of short-term strong continuation.
The key pressure level is still around 3420. As a trend line resistance that has been under pressure many times in the early stage, if it can break through, it means that the bulls will break the shock suppression and open up more room for growth.
In terms of operation, it is still mainly low-long. The current gold is still strong. Operation strategy:
Short around 3420, stop loss 3430, profit range 3400-3380
Long around 3360, stop loss 3350, profit range 3380-3400
At 8:30, Fed Chairman Powell delivered a welcome speech at a regulatory meeting; at 13:00, Fed Governor Bowman hosted a fireside chat session at the large bank capital framework meeting hosted by the Fed.
Market conditions:
The current daily trend is mainly "strong rise" (Monday closed positive and broke through the shock, and the moving average turned upward). The core logic is that short-term bullish momentum is dominant, and it is necessary to focus on the effectiveness of support and the rhythm of breaking through resistance.
Today, we need to focus on the support belt 3365-3360 area (this position is the 5-day moving average position and the low point of yesterday's European session). As a short-term moving average support, this area is the first line of defense for bulls today. If it can stabilize here, it can be regarded as a signal of short-term strong continuation.
The key pressure level is still around 3420. As a trend line resistance that has been under pressure many times in the early stage, if it can break through, it means that the bulls will break the shock suppression and open up more room for growth.
In terms of operation, it is still mainly low-long. The current gold is still strong. Operation strategy:
Short around 3420, stop loss 3430, profit range 3400-3380
Long around 3360, stop loss 3350, profit range 3380-3400
A qualified analyst should have a wolf-like sense of smell and seize every opportunity to make a profit in the market fluctuations. And I am doing this.
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.
A qualified analyst should have a wolf-like sense of smell and seize every opportunity to make a profit in the market fluctuations. And I am doing this.
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.