Gold Spot / U.S. Dollar
Updated

Gold M-top & trade bearish, focus $3330-$3340.

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Looking back at last week's trend, after the price hit a high on Monday, it remained range-bound from Tuesday to Thursday, and closed with a sharp decline on Friday, forming an M-top pattern in technical terms.
This week's focus is on the high-level China-US trade negotiations held in London. Market expectations are that the negotiations will proceed smoothly, and this optimistic sentiment is bearish for gold. Combining technical and fundamental analysis, gold remains bearish today. It is recommended to pay attention to shorting opportunities in the rebound range of $3,330-$3,340.

XAUUSD
sell@3330-3340
tp:3300-3290



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The market trend is consistent with our strategic analysis. Congratulations to all traders who followed the strategy!
Trade closed: target reached
This afternoon, the first meeting of the China-US economic and trade consultation mechanism was held in London, and the meeting will continue tomorrow. As the meeting has not yet concluded, no information has been disclosed for the time being. However, this meeting is highly likely to impact market trends, and we will continue to monitor it.

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