Gold prices are about to rebound?
Just on Saturday, Trump patted Powell on the shoulder, and those who understand understand.
Cut interest rates quickly!!!
Next week will usher in three major news, and global analysts regard next week as a life-or-death moment that determines the future direction of gold prices.
1: Will the Fed cut interest rates in September?
2: How will the tariff war on August 1 evolve?
3: Major non-agricultural data
The trend of gold prices next week is unpredictable, and every day is accompanied by the impact of policy news.
Volatility will become more and more stimulating.
Technical aspect: Gold prices have completed the correction, and I think the bulls are about to counterattack.
As shown in Figure 4h
3330 is an important support level
3440 is a key top area
3360-3380 is a key middle pressure level
We will continue to adopt a low-price long strategy on Monday
Target: 3365-3380-3400-3440-3500+
I firmly believe that next week will be the beginning of a big bull market. Even if it is not, this should be the last chance for bulls to get off the train.
Short-term: $3380-3400 (this week's high resistance).
Medium-term: If it breaks through $3400, it will open the channel to $3500.
Gold operation strategy
Aggressive investors: Buy at the low point of the $3300-3330 range, with a target price of $3380.
Conservative investors: Wait for a breakthrough of $3360 before chasing more, and set the stop loss below 3300.
Conclusion: Gold prices are expected to rebound next week, and the expectation of a rate cut by the Federal Reserve is the core driving force.
Investors are advised to pay attention to non-agricultural data and geopolitical situation, and seize the opportunity to layout at low levels.
Just on Saturday, Trump patted Powell on the shoulder, and those who understand understand.
Cut interest rates quickly!!!
Next week will usher in three major news, and global analysts regard next week as a life-or-death moment that determines the future direction of gold prices.
1: Will the Fed cut interest rates in September?
2: How will the tariff war on August 1 evolve?
3: Major non-agricultural data
The trend of gold prices next week is unpredictable, and every day is accompanied by the impact of policy news.
Volatility will become more and more stimulating.
Technical aspect: Gold prices have completed the correction, and I think the bulls are about to counterattack.
As shown in Figure 4h
3330 is an important support level
3440 is a key top area
3360-3380 is a key middle pressure level
We will continue to adopt a low-price long strategy on Monday
Target: 3365-3380-3400-3440-3500+
I firmly believe that next week will be the beginning of a big bull market. Even if it is not, this should be the last chance for bulls to get off the train.
Short-term: $3380-3400 (this week's high resistance).
Medium-term: If it breaks through $3400, it will open the channel to $3500.
Gold operation strategy
Aggressive investors: Buy at the low point of the $3300-3330 range, with a target price of $3380.
Conservative investors: Wait for a breakthrough of $3360 before chasing more, and set the stop loss below 3300.
Conclusion: Gold prices are expected to rebound next week, and the expectation of a rate cut by the Federal Reserve is the core driving force.
Investors are advised to pay attention to non-agricultural data and geopolitical situation, and seize the opportunity to layout at low levels.
Enjoy trading Enjoy life The best trading team
Free Signals：t.me/+02C2YBHOJw4yZTdh
Free Signals：t.me/+02C2YBHOJw4yZTdh
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.
Enjoy trading Enjoy life The best trading team
Free Signals：t.me/+02C2YBHOJw4yZTdh
Free Signals：t.me/+02C2YBHOJw4yZTdh
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.