Gold Spot / U.S. Dollar
Short
Updated

The shift from safe-haven attributes to monetary policy driven!

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The long-short game of gold prices intensified, the Fed's hawkish signals and the strengthening of the US dollar put pressure on gold prices, and the geopolitical risk premium and inflation expectations formed support. In the short term, the escalation of the Israel-Iran conflict may promote safe-haven buying, but the Fed's policy path and the actual implementation of trade policies will dominate the medium- and long-term trends. Focus on the US policy trends towards Iran, the progress of the Iran nuclear agreement negotiations, and the Fed's inflation response stance in the next two weeks. It is necessary to pay attention to the game between Iran's warnings on third-party intervention and the potential risks of possible US intervention. This uncertainty provides phased support for gold prices.

The intraday trading strategy of gold this trading day, the range and the break need to be paid attention to simultaneously. The current bearish trend continues, the 3385 resistance in the Asian session is effective, and the rebound relies on the 3360-3365 suppression to maintain the high-altitude strategy, and the support below is the 3330-3320 area. Against the background of the continuous downward shift of the center of gravity, 3375-3385 ​​constitutes a short-term key suppression. Before the breakthrough, I suggest maintaining a bearish mindset. Resistance range 3375-3385, support range 3330-3320.

It is recommended to buy gold near 3347 during the day, and take profits in the target range of 3360-3400!

Gold rebounds to the 3360-3365 area and sells. If it breaks through 3365, you can consider covering your position in the resistance area of ​​3375-3385 ​​and continue to sell. The target is 3340-3320!
Trade active
I am very happy that we won both long and short strategies on the last trading day of this week!
For conservative friends, you can take profits in advance and spend the upcoming wonderful weekend!
For friends who still want to continue trading, I will release new ideas and give you new strategy ideas. Please watch it in time!
Trade closed: target reached

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