XAUUSD:Trading advice for the day

Updated

Recently, the focus of the market is on whether the Fed will raise interest rates next week, how many basis points to raise interest rates, and the consumer price index (CPI) data that will be released before the Fed's interest rate decision. Markets believe that the Fed may pause its actions in June to assess the impact of higher interest rates on the economy. Fed funds rate futures traders see a 65% chance that the Fed could resume raising rates in June, with a 65% chance of raising rates by at least 25 basis points in July. On June 7, investors need to pay attention to the key data: the US April trade balance, the US EIA crude oil inventory changes for the week ended June 2. Major events to watch include Canada's interest rate decision, the OECD's economic outlook, and Treasury Secretary Janet Yellen before the House Financial Services Committee.

Gold rose sharply after hitting the bottom of 1938 on Monday, and after this wave came out, it can be clear that gold can not make a new low in the short term, and the daily line closed on Monday, similar to the previous 1932 temptation, the temporary bottom is obvious, gold or can not continue the bullish space. Gold rose slowly above 1955 on Tuesday, and the daily line closed again above the 5,10-day moving average, so overall, gold on Monday, Tuesday gold is slightly strong, Wednesday or to continue this strength, look at another wave. From the plate analysis, although temporarily gold is slightly stronger, but the daily line is still suppressed below the Bollinger middle band, so, for the time being there is no absolute strength, the strength is not strong, after the return may still be shock, then, Wednesday in the strong at the same time to pay attention to the fall space, if according to the daily Bollinger middle band suppression effect and Tuesday's starting point, below to pay attention to the 1955 support, above also have to see the 1966 gains and losses, so, in the short term still maintain the 1966-1955 range.

Today's gold trading advice
gold:sell@1966 tp:1960-1955

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Breakthrough 1965

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fell

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