The international geopolitical situation has suddenly heated up, and the market's risk aversion has pushed up the gold price again, but the Fed's interest rate decision and Powell's speech tonight will become the key nodes of the long-short game. The current US dollar index maintains a volatile state near 99.3, and has not yet shown a clear direction. The market has significant differences in the results of the resolution. Gold broke through the 3430 mark yesterday, but suddenly plunged in the morning today, hitting a low of 3360, a drop of 77 points, and then rebounded to around 3404, forming an important short-term resistance level.
Technically, the sharp fluctuations in gold in the morning are in line with the recent characteristics of the wash, but it is necessary to be vigilant about a sharp decline after a continuous slow rise, which may be a signal of long momentum exhaustion. If the 3418 watershed cannot be effectively broken through during the day, the probability of a short-term peak will further increase. At the operational level, investors are advised to avoid blindly chasing highs and focus on the impact of the Fed's decision on the actual interest rate and the US dollar. If the decision is dovish, gold may continue to rebound, and if it is hawkish, it is necessary to be vigilant about the risk of a pullback. The current upper resistance is 3397-3418. The support below is 3358-3328. It is recommended to buy on pullbacks and sell on rebounds.
Trading is risky, please control your position reasonably. The specific details are subject to real-time signals.
GOLD GOLD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD
Technically, the sharp fluctuations in gold in the morning are in line with the recent characteristics of the wash, but it is necessary to be vigilant about a sharp decline after a continuous slow rise, which may be a signal of long momentum exhaustion. If the 3418 watershed cannot be effectively broken through during the day, the probability of a short-term peak will further increase. At the operational level, investors are advised to avoid blindly chasing highs and focus on the impact of the Fed's decision on the actual interest rate and the US dollar. If the decision is dovish, gold may continue to rebound, and if it is hawkish, it is necessary to be vigilant about the risk of a pullback. The current upper resistance is 3397-3418. The support below is 3358-3328. It is recommended to buy on pullbacks and sell on rebounds.
Trading is risky, please control your position reasonably. The specific details are subject to real-time signals.
GOLD GOLD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD 
🎁Stable weekly profit exceeds 259.7%🎁Win rate is as high as 98.83%,✔Copy accurate trading signals✔Account management. Real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
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.
🎁Stable weekly profit exceeds 259.7%🎁Win rate is as high as 98.83%,✔Copy accurate trading signals✔Account management. Real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
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.