Key range of gold price: 3290--3360
The sharp decline for two consecutive days confirmed the effectiveness of the support of the No. 2 midline.
As shown in the figure:
We reclassified and classified all the shock structures and used 123456 to represent all the pattern combinations.
In the end, the support effectiveness near 3290 was accurately judged. We also need to pay attention to the pressure near 3360.
Key point 1: As long as the gold price is above 3300, the strategy is to go long at a low price.
Key point 2: This means that the gold price is likely to fluctuate in the 3290-3360 range on Friday.
Key point 3: Pay attention to the pressure of 3365 first, and then consider shorting around 3350-45 US dollars.
News:
1: The European Commission said on Thursday that the European Union is considering taking countermeasures against US imports worth up to 95 billion euros (about 107.2 billion US dollars) if negotiations with Washington fail to cancel a series of tariffs imposed by US President Trump.
2: Currently, the UK and the US have reached a tariff agreement, and the price of gold has plummeted by $80-100. We need to pay close attention to the international trade situation and changes in market sentiment on this trading day.
News:
1: Trump is considering exempting tariffs of up to 145% on some goods
2: The Fed will sell off US bonds even if it does not cut interest rates
3: Powell released a signal of "no rush to cut interest rates"
4: The rise in US bond yields directly hit the attractiveness of gold as an interest-free asset, becoming the root cause of this plunge;
5: The situation between Russia and Ukraine has eased, and Ukraine is seeking peace talks.
6: In terms of the India-Pakistan conflict, India was defeated and its arrogance was suppressed, and the possibility of further expansion of the situation was reduced, which to a certain extent pushed down the price of gold.
Strategy summary:
Long strategy: long around 3290-3300, stop loss 3275, target: 3340-3360
Short strategy: short around 3350-3360, stop loss 3370, target: 3330-3320-3300-3290-3240-3200
The sharp decline for two consecutive days confirmed the effectiveness of the support of the No. 2 midline.
As shown in the figure:
We reclassified and classified all the shock structures and used 123456 to represent all the pattern combinations.
In the end, the support effectiveness near 3290 was accurately judged. We also need to pay attention to the pressure near 3360.
Key point 1: As long as the gold price is above 3300, the strategy is to go long at a low price.
Key point 2: This means that the gold price is likely to fluctuate in the 3290-3360 range on Friday.
Key point 3: Pay attention to the pressure of 3365 first, and then consider shorting around 3350-45 US dollars.
News:
1: The European Commission said on Thursday that the European Union is considering taking countermeasures against US imports worth up to 95 billion euros (about 107.2 billion US dollars) if negotiations with Washington fail to cancel a series of tariffs imposed by US President Trump.
2: Currently, the UK and the US have reached a tariff agreement, and the price of gold has plummeted by $80-100. We need to pay close attention to the international trade situation and changes in market sentiment on this trading day.
News:
1: Trump is considering exempting tariffs of up to 145% on some goods
2: The Fed will sell off US bonds even if it does not cut interest rates
3: Powell released a signal of "no rush to cut interest rates"
4: The rise in US bond yields directly hit the attractiveness of gold as an interest-free asset, becoming the root cause of this plunge;
5: The situation between Russia and Ukraine has eased, and Ukraine is seeking peace talks.
6: In terms of the India-Pakistan conflict, India was defeated and its arrogance was suppressed, and the possibility of further expansion of the situation was reduced, which to a certain extent pushed down the price of gold.
Strategy summary:
Long strategy: long around 3290-3300, stop loss 3275, target: 3340-3360
Short strategy: short around 3350-3360, stop loss 3370, target: 3330-3320-3300-3290-3240-3200
Free signal: t.me/+o41UC5o15H8zNTcx
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create wealth
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.
Free signal: t.me/+o41UC5o15H8zNTcx
Professional trader
love life
enjoy trading
create wealth
Professional trader
love life
enjoy trading
create wealth
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.