The overall effect of this Fed interest rate meeting and Powell's speech was significant, boosting the falling US stocks, and the continuous rise of gold during this period is releasing this positive impact, and there is a great possibility of early digestion.
At present, the bullish sentiment of gold is still rising, but I am negative about whether this sentiment can continue to drive the price of gold to continue to rise. After all, the previous rise and increase have already appeared.
Now the market is cautious about the price of gold, after all, the price at this time is too high, and some people are expecting a fall, so we must be vigilant about the risk of a correction in the last two days of this week.
From the 1H chart, the trend of gold prices today has shown a trend of correction, and the support of 3045 has been broken. As long as it falls below 3036 next, it is likely to retreat to 3025.
Therefore, I will sell in the 3045-3050 area today, with a target of 3036, 3025
At present, the bullish sentiment of gold is still rising, but I am negative about whether this sentiment can continue to drive the price of gold to continue to rise. After all, the previous rise and increase have already appeared.
Now the market is cautious about the price of gold, after all, the price at this time is too high, and some people are expecting a fall, so we must be vigilant about the risk of a correction in the last two days of this week.
From the 1H chart, the trend of gold prices today has shown a trend of correction, and the support of 3045 has been broken. As long as it falls below 3036 next, it is likely to retreat to 3025.
Therefore, I will sell in the 3045-3050 area today, with a target of 3036, 3025
Trade active
Already reached TP1:3036Congratulations to those who followed the signal
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Trade closed: target reached
Friends who sold at 3045, please note that the current price is 3026, which is only 1$ away from TP2:3025. I think there is no need to continue holding on. You can close the position with profit now. Don’t lose a bigger profit because of a gain or loss of 1-2$. Locking in the profit is the right approach.Note
As I expected, gold rebounded. Fortunately, we closed our positions in advance and locked in profits. Otherwise, we would lose more because of a little profit.In market transactions, you need to have excellent analytical skills, the ability to judge the various market prices, and unique decision-making ability, so that you can make money through the market
If you don’t have these abilities and experience, the probability of loss will increase greatly. What we need to do is to reduce losses and increase the probability of profit.
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If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
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.