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XAUUSD Technical Analysis1st resistance level $1763-1769
Second resistance level $1775-1786
There was no military conflict between the US and China after the US top brass visited Taiwan and the Chinese Foreign Ministry issued a unilateral and stern statement. In line with market expectations, gold prices are expected to risk aversion decay, there is a possibility of further pullback, such as a rebound to resistance levels can try to short, need to remind us that the political events (events have not escalated to military conflict) is still not over, need to beware of the price upward impulse.
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XAUUSD AnalysisYou can find patterns of price movement in the charts and can know that the current price is rising on the 66 SMA, having pulled back, only to have it rise again. In addition, the U.S. top brass recently visited Taiwan and China is standing by. Miscalculations and misunderstandings between the two countries could lead to increased friction, followed by a local war. So there is reason to believe that XAUUSD still remains strong in this week.
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BTCUSD Recovering?Short-term support level $23200-23400
Medium-term support at $22100-22500
From the recent trend, the price will still rise to test higher resistance levels. It is believed that if the price pulls back it would be a good time to enter, please set the necessary stop loss to protect your capital.
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EURUSD shows strong performanceThe U.S. government is trying to ride out the inflation crisis with a combination of interest rate hikes and loose fiscal and tight monetary policy, which could be a positive factor for the dollar. With food and energy inflation much higher in Europe than in the U.S., the market is predicting that the ECB will enter a rate hike cycle. The path of future rate hikes will depend on commodity prices and economic growth in the eurozone.
The price is predicted to move to the gray zone in the chart.
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