The international geopolitical situation has suddenly escalated, fueling market risk aversion and pushing up gold prices. But today's Fed interest rate decision and Powell's speech will be crucial in the bull-bear battle. Technically, gold saw violent fluctuations in the Asian session. Be cautious of a deep pullback after a sustained moderate rise, which may signal weakening bullish buying power. If the key resistance level of 3400 isn't broken today, the likelihood of a short-term top will rise significantly.
In terms of strategy, avoid chasing prices at highs. Focus on the Fed's interest rate meeting's impact on the real interest rate curve and the dollar index. If the policy tone is dovish, precious metals may keep rebounding technically; if hawkish, watch out for a pullback. The current upper pressure range is 3397-3407, and the lower support is 3360-3350. Operationally, opt for buying on dips, and use short selling at rebound highs for risk hedging.
Trading is not gambling. Do not trade impulsively. It is wrong to bring any emotions into trading. I share my trading strategies every day. I hope to help as many people as possible. If you happen to need it, you can come and have a look. There is no loss for you. Believe me, the result will satisfy you.
In terms of strategy, avoid chasing prices at highs. Focus on the Fed's interest rate meeting's impact on the real interest rate curve and the dollar index. If the policy tone is dovish, precious metals may keep rebounding technically; if hawkish, watch out for a pullback. The current upper pressure range is 3397-3407, and the lower support is 3360-3350. Operationally, opt for buying on dips, and use short selling at rebound highs for risk hedging.
Trading is not gambling. Do not trade impulsively. It is wrong to bring any emotions into trading. I share my trading strategies every day. I hope to help as many people as possible. If you happen to need it, you can come and have a look. There is no loss for you. Believe me, the result will satisfy you.
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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.