5.28 Gold Market
Trump's threat to impose a 50% tariff on the EU on June 1 has turned around, and the market's concerns about previous trade uncertainties have been significantly alleviated. The positive news of the US-European negotiations has driven up European and American stock markets, and German stocks have hit a record high.
The 4-hour K-line shows that the current upward momentum of gold is weak. After probing the key resistance level, it encountered resistance and fell back. The current price is running between the middle and lower tracks of the Bollinger Bands. The overall shape of the Bollinger Bands remains stable, and there is no obvious sign of opening.
Today, it is recommended to short at high levels. Intraday support level 3288 resistance level 3330
SELL: 3330
SL: 3340
TP: 3295
Thank you for your attention. I hope my analysis can help you.
Trump's threat to impose a 50% tariff on the EU on June 1 has turned around, and the market's concerns about previous trade uncertainties have been significantly alleviated. The positive news of the US-European negotiations has driven up European and American stock markets, and German stocks have hit a record high.
The 4-hour K-line shows that the current upward momentum of gold is weak. After probing the key resistance level, it encountered resistance and fell back. The current price is running between the middle and lower tracks of the Bollinger Bands. The overall shape of the Bollinger Bands remains stable, and there is no obvious sign of opening.
Today, it is recommended to short at high levels. Intraday support level 3288 resistance level 3330
SELL: 3330
SL: 3340
TP: 3295
Thank you for your attention. I hope my analysis can help you.
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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.
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.