📰 News information：
1. The Trump administration puts pressure on the Federal Reserve to cut interest rates
2. The continued impact of tariffs and the responses of various countries
📈 Technical Analysis：
Gold is currently rising rapidly, reaching a high near 3368, and the overall bullish trend has not changed yet. It is not recommended to continue chasing the highs at present. Those who are long at 3345 can consider exiting the market with profits. The technical indicators are close to the overbought area and there is a certain risk of a correction. Be patient and wait for the pullback to provide an opportunity. At the same time, 3353 has become the position with relatively large trading volume at present, and the top and bottom conversion in the short term provides certain support for gold longs. If it retreats to 3355-3345, you can consider going long again, with the target at 3375-3385. If it falls below 3345, look to 3333, a second trading opportunity within the day. If it falls below again, it means that the market has changed, and you can no longer easily chase long positions.
🎯 Trading Points：
BUY 3355-3345
TP 3375-3385
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD GOLD
1. The Trump administration puts pressure on the Federal Reserve to cut interest rates
2. The continued impact of tariffs and the responses of various countries
📈 Technical Analysis：
Gold is currently rising rapidly, reaching a high near 3368, and the overall bullish trend has not changed yet. It is not recommended to continue chasing the highs at present. Those who are long at 3345 can consider exiting the market with profits. The technical indicators are close to the overbought area and there is a certain risk of a correction. Be patient and wait for the pullback to provide an opportunity. At the same time, 3353 has become the position with relatively large trading volume at present, and the top and bottom conversion in the short term provides certain support for gold longs. If it retreats to 3355-3345, you can consider going long again, with the target at 3375-3385. If it falls below 3345, look to 3333, a second trading opportunity within the day. If it falls below again, it means that the market has changed, and you can no longer easily chase long positions.
🎯 Trading Points：
BUY 3355-3345
TP 3375-3385
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD GOLD Trade active
Gold is currently testing the 3375-3385 resistance area. If it breaks through this resistance area, we should first pay attention to the reaction of the 3390 line. If the 3390 line is strongly suppressed, gold will fall back to at least 3365. If gold continues its bullish momentum, it will not be difficult to reach the 3400 mark. Short-term technical indicators are seriously overbought, and there is a need for a correction. We can try to short light positions at 3385-3390, and wait for the support below to stabilize before continuing the strategy to go long.Trade closed: target reached
Gold started to slowly decline, and the bullish trend has not changed. In the short term, if gold wants to break through the previous high, it needs to retreat to welcome more buying funds. The general direction has been determined, and going long on the retracement is our current main rhythm. The key point above 3405 is the previous high point and also becomes a short-term resistance level. If the resistance level cannot be effectively broken through today, then regression to the moving average is an inevitable result. Currently, we are focusing on the short-term resistance area of 3405-3415. If we encounter resistance or pressure, we can consider shorting. The support below moves up to 3375-3365. If it falls back to here and gets effective support, we can consider going long and look towards 3400-3420 again.
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.
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.