The market will once again face major volatility and short selli
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The market is paying close attention to multiple geopolitical news and the Federal Reserve's decision this week: It is reported that the German Bundestag will vote on the defense spending plan on Tuesday, planning to inject about 1 trillion euros into European industry; on the same day, US President Trump will meet with Russian President Putin to try to reach a peace agreement on the Ukraine issue. The Federal Reserve and its Federal Open Market Committee
(FOMC) will also hold meetings on Tuesday and Wednesday and announce the latest interest rate decision on Wednesday evening. While the outside world generally believes that the policy interest rate will not be adjusted this time, the market's expectations for a rate cut in May or June continue to fluctuate, exacerbating the short-term divergence between gold bulls and bears.
Support:
The first support is around the previous high conversion range of $2978-2988. If the price pulls back to this area and gets support, the short-term bull pattern is expected to continue.
Further support is to pay attention to the Fibonacci retracement level, which is 61.8% (US$2939) and 50% (US$2918). If there is a deep decline, there may be a fight between bulls and bears near this area.
Resistance:
Short-term attention needs to continue to pay attention to $3050. If this is successfully broken, the next potential target will be $3060, $3070, or even challenge the $3100 range pointed to by institutional expectations, but this is more in the medium and long term.
At the daily level, in the past period of time, MA14 (about $2982) and MA55 (about $2931) have shown a bullish arrangement and formed a relatively obvious upward slope, and market sentiment is still bullish. As long as the price does not lose the support area of $2978-2988, the upward structure at the daily level will not be destroyed.
In general, the technical side remains strong, but the recent rise is relatively rapid. In the short term, we need to be wary of fluctuations around $3000 or even a slight decline. If the price successfully stands at last week's high of $3004.82, we can further pay attention to the $3050 line.
Trading is risky, real-time accurate signals can be closely followed or left a message.
There are no unsuccessful operations in the market, only unsuccessful transactions.
XAUUSD GOLD XAUUSD XAUUSD XAUUSD
The market is paying close attention to multiple geopolitical news and the Federal Reserve's decision this week: It is reported that the German Bundestag will vote on the defense spending plan on Tuesday, planning to inject about 1 trillion euros into European industry; on the same day, US President Trump will meet with Russian President Putin to try to reach a peace agreement on the Ukraine issue. The Federal Reserve and its Federal Open Market Committee
(FOMC) will also hold meetings on Tuesday and Wednesday and announce the latest interest rate decision on Wednesday evening. While the outside world generally believes that the policy interest rate will not be adjusted this time, the market's expectations for a rate cut in May or June continue to fluctuate, exacerbating the short-term divergence between gold bulls and bears.
Support:
The first support is around the previous high conversion range of $2978-2988. If the price pulls back to this area and gets support, the short-term bull pattern is expected to continue.
Further support is to pay attention to the Fibonacci retracement level, which is 61.8% (US$2939) and 50% (US$2918). If there is a deep decline, there may be a fight between bulls and bears near this area.
Resistance:
Short-term attention needs to continue to pay attention to $3050. If this is successfully broken, the next potential target will be $3060, $3070, or even challenge the $3100 range pointed to by institutional expectations, but this is more in the medium and long term.
At the daily level, in the past period of time, MA14 (about $2982) and MA55 (about $2931) have shown a bullish arrangement and formed a relatively obvious upward slope, and market sentiment is still bullish. As long as the price does not lose the support area of $2978-2988, the upward structure at the daily level will not be destroyed.
In general, the technical side remains strong, but the recent rise is relatively rapid. In the short term, we need to be wary of fluctuations around $3000 or even a slight decline. If the price successfully stands at last week's high of $3004.82, we can further pay attention to the $3050 line.
Trading is risky, real-time accurate signals can be closely followed or left a message.
There are no unsuccessful operations in the market, only unsuccessful transactions.
XAUUSD GOLD XAUUSD XAUUSD XAUUSD 
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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.
✔Copy accurate trading signals✔Manage accounts🎁Stable profit of more than 188.6% per week🎁Success rate is as high as 96.85%. If you want to recover a large loss, leave me a message t.me/BeckLedley Trading entrance: t.me/FcCygjylf
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.