5.30 Gold Market
This year's gold market is being reshaped by two forces: 1. Trump's erratic trade policy, 2. The approaching turning point of the Federal Reserve's monetary policy. If the US economy enters the "low growth + high inflation" trap, gold may usher in a structural bull market comparable to that of 2008.
After continuous shocks and tugs of war, you need to observe more and act less. It seems that the market is big, but it is difficult to do it. At this time, protecting the principal is the top priority.
The shock market needs to be arranged at key positions, with upper pressure of 3322-30 and intraday support of 3280-75
SELL: around 3320
SL: 3340
TP: 3270
Thank you for your attention, I hope my analysis can help you.
This year's gold market is being reshaped by two forces: 1. Trump's erratic trade policy, 2. The approaching turning point of the Federal Reserve's monetary policy. If the US economy enters the "low growth + high inflation" trap, gold may usher in a structural bull market comparable to that of 2008.
After continuous shocks and tugs of war, you need to observe more and act less. It seems that the market is big, but it is difficult to do it. At this time, protecting the principal is the top priority.
The shock market needs to be arranged at key positions, with upper pressure of 3322-30 and intraday support of 3280-75
SELL: around 3320
SL: 3340
TP: 3270
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.