Gold continues to do more
The fundamental reason for the rise of gold this week is the suspension of interest rate hikes in June. After the data was released yesterday, large funds intervened, and gold rose by 20 points. The opening price today also fluctuated around 1960. My personal suggestion for short-term operations today is to follow the trend and go short, wait for the direction of the news to change, then go short, pay attention to the 1953 position below to see if there is a chance to buy more, and the target above is around 1968. If the European market is strong, then see if the gold price has a chance to go to 1980 Nearby, go to this position to arrange empty orders.
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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.