4,9 US trading operation interpretation ideas:
Today, there was a bottoming out and rebound. In the morning, it first went south and then north. It fell sharply to 2970 and then quickly counterattacked 3000 after entering the Asian session! I emphasized in the morning that the gold short may be coming to an end! It will enter a short-term sharp decline and then rebound! But the current trend is obvious that today's increase has exceeded expectations!
We must beware of the possibility of a V-reversal in the US market! Although the large-scale purchase of gold caused by the selling of US bonds is still difficult to confirm the long position in the US market!
The intraday increase is close to 90 points! There may be two emotions.
1: The market impact after the tariffs are implemented has not been eliminated
2: If the bullish trend continues in the US market, it may retreat to around 3045 in the future, and continue to be bullish later!
Short-term support: 3045---3030----3000
Pressure level: 3075---3080---3100---3135
Today, there was a bottoming out and rebound. In the morning, it first went south and then north. It fell sharply to 2970 and then quickly counterattacked 3000 after entering the Asian session! I emphasized in the morning that the gold short may be coming to an end! It will enter a short-term sharp decline and then rebound! But the current trend is obvious that today's increase has exceeded expectations!
We must beware of the possibility of a V-reversal in the US market! Although the large-scale purchase of gold caused by the selling of US bonds is still difficult to confirm the long position in the US market!
The intraday increase is close to 90 points! There may be two emotions.
1: The market impact after the tariffs are implemented has not been eliminated
2: If the bullish trend continues in the US market, it may retreat to around 3045 in the future, and continue to be bullish later!
Short-term support: 3045---3030----3000
Pressure level: 3075---3080---3100---3135
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.