After an unusually long period of wide-range volatility in May, the gold market has broken through, standing firm above $3,300 before rising to $3,400. Although yesterday’s rally did not further extend, it held steady at high levels. For now, the foundation for the next breakthrough appears solid.
Some may wait for further pullbacks to enter at the “lowest level,” but what exactly is the lowest level? Would one dare to enter even if it reaches that point? In any case, as long as the major trend remains unchanged, short-term fluctuations are merely washout behaviors and lack the momentum to reverse the direction.
Today, Wednesday, the market will see the release of May ADP data, the US May ISM Non - Manufacturing PMI, and other figures, which require close attention.
At the beginning of the month, gold prices broke through the previous wide-range volatility and then pulled back for a washout. Next, with or without data or events, it is highly likely to continue moving higher, and the $3,400 level may also be breached.
Focus on the $3,330-$3,370 range and trade by selling high and buying low within this interval. If the price breaks through and holds above $3,370, it may challenge the $3,400 level.
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
Some may wait for further pullbacks to enter at the “lowest level,” but what exactly is the lowest level? Would one dare to enter even if it reaches that point? In any case, as long as the major trend remains unchanged, short-term fluctuations are merely washout behaviors and lack the momentum to reverse the direction.
Today, Wednesday, the market will see the release of May ADP data, the US May ISM Non - Manufacturing PMI, and other figures, which require close attention.
At the beginning of the month, gold prices broke through the previous wide-range volatility and then pulled back for a washout. Next, with or without data or events, it is highly likely to continue moving higher, and the $3,400 level may also be breached.
Focus on the $3,330-$3,370 range and trade by selling high and buying low within this interval. If the price breaks through and holds above $3,370, it may challenge the $3,400 level.
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
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.
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.