According to the content of the FOMC meeting of the Federal Reserve, the Fed kept the target range of the federal funds rate unchanged at 4.25% - 4.5%. The market had already had certain expectations for this, which to a certain extent provided a stable environment for the gold price and prevented the gold price from being pressured due to a significant strengthening of the US dollar.
From a technical perspective, the current bullish structure of gold is obvious. However, indicators show that a divergence has emerged after the continuous rise, and the price has entered a risky area for bulls after reaching $3040. Nevertheless, in the current market environment, the bullish trend remains relatively strong. Without a clear reversal signal, the gold price may continue to follow the upward trend.
Today's xauusd trading strategy
buy@3025-3030
SL:3020
tp:3050-3060
There are risks in trading. If you are not sure about the timing, it is best to leave me a message. This will better confirm the timing of the transaction, It can also better expand profits and reduce losses.
From a technical perspective, the current bullish structure of gold is obvious. However, indicators show that a divergence has emerged after the continuous rise, and the price has entered a risky area for bulls after reaching $3040. Nevertheless, in the current market environment, the bullish trend remains relatively strong. Without a clear reversal signal, the gold price may continue to follow the upward trend.
Today's xauusd trading strategy
buy@3025-3030
SL:3020
tp:3050-3060
There are risks in trading. If you are not sure about the timing, it is best to leave me a message. This will better confirm the timing of the transaction, It can also better expand profits and reduce losses.
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.
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.