Risk-off rally triggered by Middle East conflict fades
Updated
As the risk-off rally triggered by the conflict in the Middle East faded, market focus turned to comments from Federal Reserve officials, looking for clues about a rate cut.
Gold continued to maintain a large downward trend during the day yesterday, breaking through the integer mark of 1960, but there was a subsequent correction.
The upward momentum is not enough. The bearish trend is strong.
The upper resistance is near 1969
The lower support is near 1960
Powell will speak on Wednesday and Thursday, with investors waiting to see whether he will maintain the dovish tone he set after last week's Fed policy meeting
Gold continued to maintain a large downward trend during the day yesterday, breaking through the integer mark of 1960, but there was a subsequent correction.
The upward momentum is not enough. The bearish trend is strong.
The upper resistance is near 1969
The lower support is near 1960
Powell will speak on Wednesday and Thursday, with investors waiting to see whether he will maintain the dovish tone he set after last week's Fed policy meeting
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My first article about XAUUSD published on Trading View, thank you for your attention.Trade active
Make a short-term profit of 2 points, drink a cup of coffee, and continue to wait for the target of 1960.Trade active
The take-profit position has been reached and bulls can now enter the market, but attention should be paid to the support level 1958 below.Trade active
The downward trend is obvious at present, and I am ready to close the transaction and look for opportunities to go short.Trade active
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Getting ready for my first trade of the day, which I will announce on the channel.Trade active
The plan posted on the channel today is already profitable.Trade active
In the new week, I wish everyone good luck in trading. I have posted the new trading plan on the channel.
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