XAUUSD:Continue to short
Updated
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The trend of gold prices in the coming period depends on the reaction of the U.S. dollar and U.S. Treasury yields to the Federal Reserve interest rate meeting. Any significant deviation between market participants and the Fed will affect subsequent price movements. If the Fed's resolution and subsequent important speeches are hawkish, it may bring support to the US dollar and push gold towards the support area of $1,950 per ounce. If the Fed is more dovish and signals a rate cut in 2024, gold bulls will be reinvigorated and push gold prices above $2,000 an ounce. All in all, the dollar remains key as markets wait with bated breath.
In day trading, continue the high-altitude thinking and continue to deal with the ladder decline; continue to follow the trend of short selling; put the stop-fall range in the 1945-1920 range and look at it; the sideways top-bottom conversion pressure position is here 1995-1997;
The trend of gold prices in the coming period depends on the reaction of the U.S. dollar and U.S. Treasury yields to the Federal Reserve interest rate meeting. Any significant deviation between market participants and the Fed will affect subsequent price movements. If the Fed's resolution and subsequent important speeches are hawkish, it may bring support to the US dollar and push gold towards the support area of $1,950 per ounce. If the Fed is more dovish and signals a rate cut in 2024, gold bulls will be reinvigorated and push gold prices above $2,000 an ounce. All in all, the dollar remains key as markets wait with bated breath.
In day trading, continue the high-altitude thinking and continue to deal with the ladder decline; continue to follow the trend of short selling; put the stop-fall range in the 1945-1920 range and look at it; the sideways top-bottom conversion pressure position is here 1995-1997;
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