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Fundamentally, gold is under dual pressure from both the US and China, which are noted as two very important fundamental impacts on gold prices.
On the one hand, gold prices are under pressure because US macro data boosts market sentiment in favor of the possibility that the Fed will have to keep interest rates high for a longer period of time, which is beneficial for the USD and metals. unattractive quarter.
On the other hand, China stopped buying gold after 18 consecutive months of buying, also making the market worried about profit-taking time. It is also possible that this will help the gold price adjust down so that the Central Bank of China can continue to buy at a better price, because they just stopped and did not sell. However, we (short-term traders) will be affected by this because it creates surprises in the market.
There is nothing new in the geopolitical situation, so for the time being, we basically need to pay attention to US data and China's gold buying activities to quickly orient to changes without facing many uncertainties. doubt.
Plan to trade on June 10
👨💻 XAUUSD SELL zone 2335 - 2337
🔹SL 2340
🔹TP 2330 - 2320 - 2310
In addition, Buy Scalping bets will be updated continuously, so please follow the group to earn the best profits ❤️❤️
Wishing you Full City
On the one hand, gold prices are under pressure because US macro data boosts market sentiment in favor of the possibility that the Fed will have to keep interest rates high for a longer period of time, which is beneficial for the USD and metals. unattractive quarter.
On the other hand, China stopped buying gold after 18 consecutive months of buying, also making the market worried about profit-taking time. It is also possible that this will help the gold price adjust down so that the Central Bank of China can continue to buy at a better price, because they just stopped and did not sell. However, we (short-term traders) will be affected by this because it creates surprises in the market.
There is nothing new in the geopolitical situation, so for the time being, we basically need to pay attention to US data and China's gold buying activities to quickly orient to changes without facing many uncertainties. doubt.
Plan to trade on June 10
👨💻 XAUUSD SELL zone 2335 - 2337
🔹SL 2340
🔹TP 2330 - 2320 - 2310
In addition, Buy Scalping bets will be updated continuously, so please follow the group to earn the best profits ❤️❤️
Wishing you Full City
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