GOLD-Wednesday Analysis
Updated
The lower-than-expected retail sales data in May in the United States had a short-term impact on the market, but the long-term economic outlook still needs to focus on the Fed's policy trends and changes in economic fundamentals. Investors should remain cautious and pay attention to the global economic situation and geopolitical risks to make reasonable investment decisions.
At present, gold is still in a range-bound state and has not formed a unilateral rise, so today I think it is still possible to wait for the support point to buy
Last week's low was 2287, Monday's low was 2295, and Tuesday's low was 2306. The lows are rising, and the highs are concentrated near the 2340 resistance point. This point has not been broken, and it is difficult to get out of the unilateral state. Therefore, the continuation of the bullish trend this week focuses on whether 2340 is broken.
Currently, you can wait for it to fall to the 2316-2322 range to buy, or observe whether it can break through 2340. You can choose to sell around 2338. SL: 2343
The above strategies are for your reference, but the market changes quickly, and you need to change your strategies in real time according to the trend, so that your success rate will increase.
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