The Trump administration's "steel tariffs" caused gold to surge to around 3390. Yesterday's bottom of the correction touched around 3330. The current trend analysis shows that there are bullish protection actions at 3340 points. Today, you can go long based on 3344 as the support point.
The ADP data will be released tonight. The 4-hour US dollar fell and went out of the five-wave decline. The typical five-wave decline may have to rebound. If the US dollar surges, the gold 3340 support level may not be able to protect.
Today's strategy is still mainly long. However, if it fails to break through 3370 and falls below 3340, then you must pay attention to stop loss.
BUY: around 3350
SL: 3340
TP: 3370-3400
The ADP data will be released tonight. The 4-hour US dollar fell and went out of the five-wave decline. The typical five-wave decline may have to rebound. If the US dollar surges, the gold 3340 support level may not be able to protect.
Today's strategy is still mainly long. However, if it fails to break through 3370 and falls below 3340, then you must pay attention to stop loss.
BUY: around 3350
SL: 3340
TP: 3370-3400
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