📌 Negative drivers
The trade peace talks have really entered a substantive period. Japan, the most active country, did not become the first country to sign the agreement. Instead, it was the United Kingdom and the United States, setting an example for everyone.
This also means that Europe, Japan, India, etc. will also enter the substantive stage, which will become a battlefield for Sino-US trade.
Gold, the surge since April, all came from the global trade war initiated by the United States, and the retracement node also fell because the trade war eased.
From the conclusion of the British and American talks this morning, more and more countries will sign, which will affect the rising rhythm of gold.
Divergence of geopolitical risk aversion: Although the escalation of the India-Pakistan conflict has boosted risk aversion demand, the market's expectations of the controllability of the conflict have weakened the risk aversion premium of gold. The current conflict has not yet reached the level of a full-scale war, and there is a risk of "dying in the light" in risk aversion demand.
📊Comment analysis
Short-term casual 20 US dollars +, follow the trend is very important, and follow the watershed.
The Asian session broke the low point of yesterday morning, and the tariffs also loosened for the first time. Don't go long.
💰Strategy Package
Gold price has continuously fallen below the moving average and has been falling all the way. How can we go long in such a market? Continue to stick to the high-altitude thinking. Now the 3320 line has become a pressure point. Below it, we insist on going short.
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
I share various trading signals every day, and real-time signals will be pushed flexibly according to market dynamics. Followers who follow me can get high returns every day. If you want stable returns, you can contact me
t.me/+arTT14Fe44tkMzAx
t.me/+arTT14Fe44tkMzAx
Related publications
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.
I share various trading signals every day, and real-time signals will be pushed flexibly according to market dynamics. Followers who follow me can get high returns every day. If you want stable returns, you can contact me
t.me/+arTT14Fe44tkMzAx
t.me/+arTT14Fe44tkMzAx
Related publications
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.