đź“ŚFundamentals:
1. In the Fed's decision, Powell maintained the 4.25%-4.5% interest rate expectation, which was exactly the same as the expectation I mentioned, and predicted the result of the entire decision.
2. The India-Pakistan conflict intensified, and global geopolitical risks continued to heat up. From Gaza to Russia and Ukraine, and then to India and Pakistan, risk aversion will continue to provide long-term support for gold prices.
đź“ŠTechnical aspects:
Affected by the interest rate decision, gold bottomed out and rebounded, but did not fall below the low of 3360. The daily line closed in the negative. The data had little impact. Of course, there are also concerns about the increase in inflation and unemployment caused by the increase in taxes. It is expected that there will be another interest rate cut in July, which provides support for gold. After the Asian session opened under short-term pressure at 3397, it broke through and increased in volume, and walked out of the shock range of the first half of the week. The previous article mentioned that squats and long jumps were realized. Today, we maintain a bullish mindset and pay attention to the top and bottom conversion support of 3400. If it can stabilize in the US market, we can continue to go long. The upper side will gradually look to 3423 and 3435, and it is not ruled out that it will go near the previous high.
🎯Practical strategy:
Gold is long near 3387-3380, and look at 3423 and 3435! If it is strong, it is long based on the support of 3402-3398!
1. In the Fed's decision, Powell maintained the 4.25%-4.5% interest rate expectation, which was exactly the same as the expectation I mentioned, and predicted the result of the entire decision.
2. The India-Pakistan conflict intensified, and global geopolitical risks continued to heat up. From Gaza to Russia and Ukraine, and then to India and Pakistan, risk aversion will continue to provide long-term support for gold prices.
đź“ŠTechnical aspects:
Affected by the interest rate decision, gold bottomed out and rebounded, but did not fall below the low of 3360. The daily line closed in the negative. The data had little impact. Of course, there are also concerns about the increase in inflation and unemployment caused by the increase in taxes. It is expected that there will be another interest rate cut in July, which provides support for gold. After the Asian session opened under short-term pressure at 3397, it broke through and increased in volume, and walked out of the shock range of the first half of the week. The previous article mentioned that squats and long jumps were realized. Today, we maintain a bullish mindset and pay attention to the top and bottom conversion support of 3400. If it can stabilize in the US market, we can continue to go long. The upper side will gradually look to 3423 and 3435, and it is not ruled out that it will go near the previous high.
🎯Practical strategy:
Gold is long near 3387-3380, and look at 3423 and 3435! If it is strong, it is long based on the support of 3402-3398!
For every friend who proposes cooperation, I will do my best and use my professional strength to help you make profits. I have helped many members achieve stable profits. Directly click on the free witness telegram group:t.me/TP_Daniel1
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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.
For every friend who proposes cooperation, I will do my best and use my professional strength to help you make profits. I have helped many members achieve stable profits. Directly click on the free witness telegram group:t.me/TP_Daniel1
Related publications
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.