Latest gold trading analysis
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At present, gold does not have much profit margin from the form point of view. The 1940-1945 support area below is very strong, and the market is more awaiting the rest of the week's major data releases, the market maintains expectations that the Fed and most central banks are nearing the end of the rate hike cycle, including some recession fears, still providing support to gold prices, and gold prices will continue to adjust sideways around $1950-60 in the short term until the support below is broken
Personal Gold Trading Strategy:
xauusd:buy@1940-1943 tp1953-1958
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