5.16 Gold Market
"Two weak economic reports released by the United States further confirmed the market's expectation that the Federal Reserve will further cut interest rates this year." Yesterday, gold rose sharply.
However, ""The United States and China agreed to significantly reduce tariffs and start a 90-day suspension period." Today, gold is likely to be in the game stage, and sideways fluctuations are expected to be large.
Upper resistance level 3240
Lower support level 3200
The trend will change after breaking through
BUY: 3200
SL: 3190
TP: 3220
SELL: 3240
SL: 3250
TP: 3220
Thank you for your attention, I hope my analysis can help you.
"Two weak economic reports released by the United States further confirmed the market's expectation that the Federal Reserve will further cut interest rates this year." Yesterday, gold rose sharply.
However, ""The United States and China agreed to significantly reduce tariffs and start a 90-day suspension period." Today, gold is likely to be in the game stage, and sideways fluctuations are expected to be large.
Upper resistance level 3240
Lower support level 3200
The trend will change after breaking through
BUY: 3200
SL: 3190
TP: 3220
SELL: 3240
SL: 3250
TP: 3220
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.