In economic terms, the United States is facing enormous fiscal pressure, with its credit rating downgraded, which has caused the U.S. dollar to decline. The U.S. dollar and gold are like two ends of a seesaw: when the dollar weakens, gold gains upward momentum. Additionally, U.S. Treasury yields have fallen, reducing the interest income from government bonds. In contrast, gold has become more attractive, leading many investors to shift funds from the Treasury market to the gold market.
From a price trend perspective, gold is currently in an upward trajectory. However, it has now approached a critical level: the previous price high has formed a resistance level (a key technical barrier). If gold prices can successfully break through this level, they may continue to hit new highs and rise further in the subsequent trend.
Gold strategy today, I hope it will be helpful to you
XAUUSD BUY@3320~3325
SL:3310
TP1:3350
TP2:3360
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