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XAUUSD:Ideas and suggestions

Due to the market's broad optimism about the US debt ceiling agreement, coupled with the Fed's interest rate hike expectations being digested, the US dollar index first rose and then fell, if the debt ceiling crisis completely landed, it will release a signal to the market, and the dollar's safe-haven function may decline. However, in the short and medium term, if the US government issues US bonds, it may cause US dollar liquidity to close and benefit the US dollar index. Key data for investors to watch on May 31: Chicago PMI for May, JOLTs job vacancies for April in the United States. Major events to watch include RBA President Lowe attending a parliamentary hearing; ECB President Christine Lagarde spoke; The U.S. House of Representatives votes on the debt ceiling deal.

After Tuesday's first fall and then rise, the market has changed, the pattern of the disk has also changed, and Wednesday will remodel and analyze the current market. As mentioned earlier, the daily line was a weak performance from last week to Monday, and suppressed under the 5, 10-day unilateral moving average slow down, Bollinger lower band has opened, very in line with the trend of the market bearish down, the next wave to see 1920, 1900 can even be bearish to 1810, but everything changed because of Tuesday's rally rising, Tuesday's rebound space is currently broken 5-day moving average, close near the 10-day moving average, the daily line also closed the sun, although Bollinger did not open the mouth, but this move is in line with the state of the bulls' counteroffensive, On Wednesday and Thursday, there may be a double apex of the 1985 mid-band in the middle of the Bollinger Band, so gold has to return to a volatile strength. Since determining that today's strong, trading should also remain low, but the performance in the H4 cycle is not enough to directly bullish or bullish the possibility, after all, now the H4 cycle Bollinger is also closed, the upper 60-day moving average suppression is strong, this pattern can not be directly broken, so, Wednesday even bullish gold can not chase up, or look at unilateral rise. It can be seen that gold in the first wave of Tuesday after the big rise, the support point of the fall is in 1950, here has formed a strong support, then, intraday to 1950 as the support bullish, strong development after the high of the hourly cycle 1968, break and then look at the daily high of 1985.

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It will continue to fluctuate

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Same as I thought

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There is a lot of news today, pay more attention.

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