🗞News side:
1. Musk issued the "strongest" condemnation of Trump
2. Trump and Netanyahu failed to reach an agreement, and the US-Iran negotiations may be "disrupted" by Israel
📈Technical aspects:
The trading strategy we have given is still valid. The current gold price trend on the hourly chart shows a standard descending flag pattern. If this pattern continues to be effective, there is a high possibility that the gold price will fall below 3285-3280. Once it falls below this range, as we gave in the strategy this morning, it may fall to the 3260-3250 line. However, the premise for this expectation to be established is that the gold price cannot break through and stabilize on the upper track of the consolidation channel, otherwise the descending flag pattern will be invalid. Therefore, for US market operations, short positions can be arranged around the upper rail of 3325, paying attention to the suppression effect; for the lower rail, first pay attention to the support effect of 3300.
sell 3325-3330
TP 3310-3300
buy 3290-3280
TP 3310-3320
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
XAUUSD XAUUSD GOLD XAUUSD XAUUSD
1. Musk issued the "strongest" condemnation of Trump
2. Trump and Netanyahu failed to reach an agreement, and the US-Iran negotiations may be "disrupted" by Israel
📈Technical aspects:
The trading strategy we have given is still valid. The current gold price trend on the hourly chart shows a standard descending flag pattern. If this pattern continues to be effective, there is a high possibility that the gold price will fall below 3285-3280. Once it falls below this range, as we gave in the strategy this morning, it may fall to the 3260-3250 line. However, the premise for this expectation to be established is that the gold price cannot break through and stabilize on the upper track of the consolidation channel, otherwise the descending flag pattern will be invalid. Therefore, for US market operations, short positions can be arranged around the upper rail of 3325, paying attention to the suppression effect; for the lower rail, first pay attention to the support effect of 3300.
sell 3325-3330
TP 3310-3300
buy 3290-3280
TP 3310-3320
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
XAUUSD XAUUSD GOLD XAUUSD XAUUSD Trade active
Our trading strategy has been very successful and I hope you have used it as a reference.Trade closed: target reached
Good morning, bros. Gold price fell as expected in the Asian session in the morning, reaching the lowest point of 3250, which perfectly matched our judgment of the market trend. However, due to the time difference, I was sleeping in the Asian session and was unable to catch the opportunity of the lowest point. Fortunately, I closed the position manually at the first time and locked in part of the profit.
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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.
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.