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Gold price plummets Exclusive trend analysis and operation ideasJudging from the current market trend, the upper short-term resistance is around 3343-48, the lower short-term support is around 3310-15, and the short-term long-short strength watershed is 3300-05. The daily level is under pressure and continues to be suppressed and adjusted. The main tone should actually be rebound shorting, but it is difficult to have a good short position opportunity after the current decline. Gold operation strategy: 1. Short gold rebounds at 3343-48, stop loss 3356, target 3317-3323, continue to hold if it breaks;
FX:XAUUSDShort
by MonaBert
XAUUSDGold has shown a strong historical pattern of impulsive rallies followed by significant corrections. After the recent explosive move from the $2,067 breakout zone to new all-time highs around $3,500, representing a +67% rally, the metal appears overextended and due for a healthy pullback. Past cycles suggest that after such parabolic moves, price tends to retrace back to key demand zones or previous accumulation levels. In this case, the medium-term correction target aligns with the $2,800–$2,750 region — a strong structural support and confluence with the 2024 breakout base. While the long-term trend remains bullish, this setup hints at a potential mean reversion or consolidation phase. Traders should remain cautious at current highs and watch for signs of distribution and lower highs forming in the coming weeks
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by Trader1mran
Golden investment opportunity emerges!Market news: In the early Asian session on Wednesday (June 18), spot gold fluctuated in a narrow range and is currently trading around $3,380 per ounce. As the "safe haven king" in the global financial market, international gold has shown resilience in bottoming out and rebounding under the dual drive of recent geopolitical and economic uncertainties. The rise in London gold prices is inseparable from the fueling of tensions in the Middle East. The conflict between Iran and Israel has entered its fifth day, and geopolitical risks continue to heat up, injecting strong momentum into safe-haven assets.Although geopolitical risks have pushed up the safe-haven demand for gold, the strong performance of the US dollar has significantly suppressed gold prices. Against the backdrop of escalating conflicts in the Middle East, the dollar's renewed support and the Federal Reserve's cautious attitude have become important factors limiting the upward trend of international gold prices. Investors need to pay close attention to the Fed's policy guidance, the trend of the US dollar and the latest developments in the Middle East. In addition, the initial value of the annualized total number of US building permits in May and the annualized total number of US new home starts in May will also be released on this trading day, and investors also need to pay attention. Technical Review: Gold bottomed out and rebounded, and adjusted widely and fluctuated fiercely. The daily chart closed with a positive cross line, and the RSI indicator's central axis 50 value flattened. The price dropped to the MA10 daily average line of 3366 and rebounded sharply, reaching 3396 in the Asian session. The short-term four-hour chart moving average is glued together, and the RSI indicator's central axis is adjusted. The hourly chart Bollinger Bands are closed, and the moving averages are glued together. Technically, gold maintains a wide range of fluctuations and short-term participation.The intraday trend and the weekly chart's high point gradually move downward, which shows that the control of selling in the market is gradually increasing. Although the gold price failed to continue the buying trend at the beginning of the week, it does not mean that buying is completely dominant, especially before the announcement of the Federal Reserve's interest rate decision on Thursday this week, the market still has strong uncertainty about the future trend! Today's analysis: After gold bottomed out, it began to fluctuate again, but the overall trend is still selling. The gold rebound is still under pressure at 3400 and began to fall back. In the short term, gold 3400 is still an important resistance. Gold continues to sell at high prices before it effectively breaks through 3400. Today’s market is once again blocked when it hits a high point. The current intraday high is around 3396. The market has been operating under the pressure of 3400 in the past two days, and there is no sign of the market standing above 3400. Therefore, the 3400 barrier is still an effective pressure point. As long as it does not break through and stabilize at 3400 today, the rebound is an opportunity for us to sell! Operation ideas: Short-term gold 3365-3370 buy, stop loss 3356, target 3390-3440; Short-term gold 3390-3400 sell, stop loss 3408, target 3370-3350; Key points: First support level: 3363, second support level: 3346, third support level: 3333 First resistance level: 3400, second resistance level: 3408, third resistance level: 3420
OShort
by NuggetsWarriors
Gold Short Term OutlookYesterday’s chart idea is playing out as analysed. Gold failed to break above the $3,395 resistance and has now pulled back, currently testing the first support zone — aligned with the 4H 200MA and Daily 50MA. If this area fails to hold, price is likely to head toward the next key support zone, where we expect a potential reaction. To resume bullish momentum, we need to see a strong close above $3,346. Key bullish zones remain $3,375 and $3,395. 📌 Key Levels to Watch: Resistance: $3,375 • $3,395 • $3,418 • $3,439 Support: $3,361 • $3,346 • $3,330 / $3,306 $3,287 – Critical demand zone 🧠 Fundamental Focus: All eyes are on Fed Chair Powell’s testimony today, which may offer clues about the Fed’s rate outlook and inflation stance. Any hint of continued hawkishness could weigh on gold, while dovish commentary may trigger renewed upside interest. Expect heightened intraday volatility around his remarks — stay cautious.
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by azgoldtrader
6.24 Gold safe haven fades and gold falls Technical aspect: After the gold price hit the 3400 integer mark overnight, it fell rapidly under the impetus of negative news. The overall fluctuation range is still within the 3330-3400 range we expected. This shows that the current market dominated by news lacks continuity. We make a golden section of the high and low points of the overnight decline to the current level, and the current position of 0.618 is 3370. Pressure level: 3370\3375\3400 Support level: 3330\3300
TShort
by AIan_Gold
2
Gold bottoms out and tests resistance, long positions at night📰 Impact of news: 1. Bowman hinted at a July rate cut 2. Fed Governor Kugler and FOMC permanent voting member and New York Fed President Williams hosted the "Fed Listening" event. 📈 Market analysis: Gold will maintain a short-term volatile trend. Although the United States intervenes in the conflict between Iran and Israel, the geopolitical situation will affect the market trend to a certain extent. However, the remarks of Federal Reserve Board member Bowman hinting at a rate cut in July have eased market volatility to a certain extent. Gold maintains a narrow range of fluctuations at the 4H level, and the technical pattern is gradually adjusted. The K-line stands firmly on the short-term moving average. The short-term trend shows that it is necessary to observe the second opportunity for pull-up after the confirmation of the retracement. At the hourly level, the short-term moving average diverges upward, and the short-term volatile and strong pattern is maintained. In the evening, pay attention to the upper resistance area of 3395-3405, focus on the suppression of the 3405 line, pay attention to 3375-3365 below, and further pay attention to the 3345 support line if it breaks through. 🏅 Trading strategies: SELL 3385-3395-3405 TP 3370-3365-3345 BUY 3375-3365-3355 TP 3390-3400-3405 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. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OLong
by AllenBoswell-2
GOLD What Next? SELL! My dear friends, My technical analysis for GOLD is below: The market is trading on 3376.9 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 3366.2 Recommended Stop Loss - 3383.0 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
TShort
by AnabelSignals
1
Gold opens high and moves lower, focus on 3340 support📰 Impact of news: 1. Federal Reserve Board member Bowman speaks on monetary policy and the banking industry 2. The United States intervenes in the Iran-Israel conflict and pays attention to the geopolitical situation 📈 Market analysis: In the early Asian session, gold prices surged but failed to break through the key watershed of 3405. The current risk aversion conflict failed to break through the key resistance level, so the short-term trend is still weak and bearish. On the hourly chart, gold continues to retreat. As the current short-selling momentum continues to gain momentum, we will first look at whether the double bottom support of 3340 is effective. If it fails to break through while retreating, we can consider a short-term upward rebound in the support and consider going long. Looking at the second decline point at 3370-3375, unless the news stimulates the gold trend, you can still consider placing short orders if it touches the 3370-3380 line! On the whole, pay attention to the resistance line of 3370-3380 above and the support line of 3345-3335 below. 🏅 Trading strategies: BUY 3350-3345-3335 TP 3360-3370-3380 SELL 3370-3380 TP 3360-3350-3345 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. OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OShort
by AllenBoswell-2
This 15-minute Gold chart shows a descending channel, This 15-minute Gold chart shows a descending channel, indicating a bearish trend. The price is currently near resistance (~$3,374–$3,384), and the chart suggests a potential rejection from this zone, leading to a sell-off toward $3,327–$3,340. Two scenarios are shown: Primary idea: Price will reject resistance and drop. Alternative: Small consolidation before deciding direction. Bias: Bearish unless price breaks and holds above $3,384.
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by MrProfessor87
Gold out look Daily Timeframe Analysis Gold continues to respect its medium to long-term bullish structure on the daily timeframe. Despite the ongoing geopolitical tensions and war-driven headlines, price action has experienced a corrective pullback from the key resistance area near 3430. Importantly, gold appears to be forming a minor bullish channel within a broader consolidation zone suggesting that price is currently in a range-bound correction phase nested inside a higher-timeframe uptrend. The channel structure reflects healthy consolidation, not a trend reversal. Chart Reference: Daily Chart 3-Hour Timeframe (Intraday Structure) The 3H chart shows price recently reacting from the bullish channel support, confluenced with a demand zone and the Fibonacci golden zone indicating a strong technical base. A new fresh demand zone has been created as a result of this reaction. Price is currently holding above the minor intraday structure at 3365. If this level holds, short-term targets are 3377 – 3380. A confirmed break and retest above 3380 opens up the next leg toward 3400 – 3404 resistance. Chart References: Fundamental Backdrop A combination of macroeconomic and sentiment-based indicators support the bullish bias: COT (Commitment of Traders) data shows institutional positioning remains net long on gold. Retail sentiment is skewed towards short, which historically supports upside moves. Seasonal bias for gold typically favors strength during mid-to-late Q2. US economic indicators show signs of cooling: Manufacturing PMI & Services PMI have slowed. Retail sales remain soft. Inflation readings suggest disinflationary pressure. These factors collectively weaken the US dollar, adding upside pressure to gold. Downside Risk / Bearish Scenario If price fails to hold above 3365 and decisively breaks below the current channel, we could see a deeper correction toward the 3300–3280 area of interest which aligns with a major support, daily bullish trendline, and longer-term reaccumulation zone. 15-Minute Timeframe (Microstructure Insight) On the 15M chart, gold rallied from the channel base and demand zone, but has since entered a consolidation phase between 3365 and 3372. A Fair Value Gap (FVG) lies just beneath the 3365 pivot — suggesting the potential for a liquidity sweep before any continued move to the upside. This setup is often a precursor to an aggressive expansion move, particularly during high-volume sessions (London/New York overlap). Summary Bias: Bullish (while above 3365) Immediate Support: 3365 Short-Term Targets: 3377 → 3380 → 3404 Key Resistance: 3430 Bearish Invalidations: Below 3365
OLong
by samstoobad
Report – June 20, 2025EU–US Trade Dynamics: Strategic Delay, Political Risk, and Economic Recalibration The European Union is now pivoting toward a “UK-style” deal with the United States, marking a key shift in strategy as the July 9 reciprocal tariff deadline imposed by President Trump looms. At stake is a potential escalation of U.S. tariffs from 10% to 50% on EU goods, including wine, whiskey, cars, and steel — products vital to EU member states’ exports. Senior German and Commission officials now favor deferring a full trade deal in favor of a staged agreement, keeping some tariffs in place while avoiding immediate retaliation. This aligns with internal division within the EU: France favors reciprocal retaliation, while Italy and Hungary prefer maintaining dialogue to avoid a trade war. From a macro perspective, the EU appears willing to accept sectoral trade-offs and quota adjustments, including concessions in sensitive areas like autos and agricultural exports. The €198 billion EU goods surplus with the U.S. remains a political flashpoint, with Brussels offering increased LNG and defense purchases to placate the U.S. Market Implications: Avoid positioning in European exporters heavily exposed to U.S. retaliatory risk (autos, wine, luxury). Monitor USD/EUR, as any tariff escalation would hurt the euro short-term. Watch defense and LNG stocks for inflows tied to strategic purchases. ----------------------------- SNB Rate Cut to 0%: FX Stabilization Over Stimulus The Swiss National Bank (SNB) cut its policy rate to 0.00%, citing deflationary pressures and a surging franc, which is up 10% YTD versus the U.S. dollar. Swiss CPI came in at -0.1% YoY in May, a rare and politically sensitive contraction. The SNB stopped short of reintroducing negative rates but left the door open if the deflationary impulse persists. Traders had priced in a deeper cut, prompting a franc rally on the decision and a 10Y yield rebound to -0.09%. Chair Martin Schlegel emphasized caution, citing saver impact and pension fund distortions as constraints on policy innovation. The SNB’s stance is now materially diverging from the Fed’s hawkish hold and the BoE’s slow easing path. Market Implications: CHF strength likely capped unless further easing surprises. Short Swiss sovereigns (2–5Y) could be tactical shorts if inflation turns up. Supports EUR/CHF tactical longs as the ECB eyes dovish alignment. ---------------------------- Biofuels Surge: Strategic Rotation From Crude Amid Iran–Israel Escalation Biofuel feedstocks, especially soybean oil (+11%) and palm oil (+6%) are spiking amid the Israel–Iran conflict, rising Brent prices, and U.S. political support for agricultural energy substitutes. Trump’s EPA proposal calls for a 67% increase in biomass diesel mandates, benefiting U.S. farmers and biofuel refiners. This proposal, combined with reduced compliance credit access for foreign feedstocks, advantages domestic production over imports (notably Canadian rapeseed and Chinese used oil). It also aligns with a swing-state election strategy, as soybean growers in Iowa remain key to Trump’s base. Market Implications: Long soy/palm oil and related ETFs (e.g., SOYB). Long U.S. agricultural input and biofuel refiners (ADM, BG, REGI). Monitor Brent–biofuel spread for continued divergence on geopolitical headlines. ---------------------- Tanker Markets Signal Energy Supply Risk Premium Rates to charter oil tankers through the Strait of Hormuz, which handles ~20% of the world’s seaborne oil have more than doubled since Israel’s attack on Iran. VLCC (Very Large Crude Carrier) rates from the Gulf to China rose from $19,998 to $47,609/day, far outpacing the broader 12% rise in global tanker indices. Shipping firms are hesitant to transit the strait, with many demanding “risk premiums” or re-routing. Compounding the issue, Iran’s sanctioned “dark fleet” may now be avoided altogether, forcing buyers to seek compliant vessels, tightening supply. A reported collision between Frontline’s Front Eagle and a dark fleet tanker underscored the operational risks in this vital corridor. Traders are increasingly pricing in oil flow bottlenecks, which, if realized, could push Brent well above $85–90/bbl. Implications: Long tanker stocks (e.g., Frontline, Euronav) on rising charter rates. Risk-off hedges in Brent futures, oil volatility, and Gulf-exposed equities. Long pipeline or refined product ETFs in event of sustained disruption. --------------------------------- U.S. Steel “Golden Share”: Strategic M&A Gets Political The Trump administration’s decision to insert a “golden share” into Nippon Steel’s $14.9B acquisition of U.S. Steel sets a critical precedent. The U.S. now retains veto rights over major operational decisions without owning equity, a move unseen since Cold War-era defense deals. While framed as a one-off, lawyers and multinationals are sounding the alarm. The “golden share” gives the government leverage over plant closures, sourcing policy, and capital expenditures, highly unusual for an open market economy. Investors are worried this introduces deal uncertainty, foreign policy risk, and precedent creep into future M&A, particularly in critical sectors (defense, semiconductors, energy). Implications: Watch CFIUS-sensitive sectors: materials, semis, strategic tech. Increased political risk premium for inbound foreign investment. Traders may discount foreign bids or value U.S. corporates at a control-adjusted premium. ---------------------------------- FSB Flags Commercial Real Estate Systemic Risks The Financial Stability Board (FSB) released a report warning of hidden fragility in the $12 trillion global commercial real estate market, citing: 12.6% delinquency rates in U.S. office CMBS Debt-to-assets ratios >45% High leverage in REITs and property funds across U.S., Canada, Germany, and Singapore FSB warned of liquidity mismatches in property funds, growing non-performing loans at banks, and “complex interlinkages” between banks and shadow real estate lenders. The Board’s message is clear: CRE remains a slow-burning systemic threat, and a shock such as a rate spike, recession, or refinancing wall, could catalyze contagion. Implications: Bearish CRE-focused REITs (office, retail), neutral industrial. Long protection via CMBS CDS indexes or synthetic shorts. Monitor banking exposure (esp. regional U.S., EU banks with high real estate leverage). ----------------------------------- Microsoft–OpenAI: Strategic AI Rift Emerging Microsoft may walk away from renegotiations with OpenAI over its transition to a for-profit structure. Discussions have stalled over equity allocation (debated range: 20–49%), revenue rights, and infrastructure priorities. Microsoft currently enjoys: 20% rev share up to $92B Exclusive rights to Azure deployment Priority IP access before AGI However, Microsoft’s growing skepticism and pivot toward xAI’s Grok model indicates a broader strategic hedge against OpenAI dominance. Microsoft believes AI models will become commoditized, and value will shift to apps and agents. OpenAI, meanwhile, risks violating investor terms if it fails to convert. A delay could cause SoftBank to claw back up to $10B in committed capital. Implications: Monitor MSFT valuation for AI execution risk. Long AI infra (NVDA, AMD) vs. short high-burn LLM firms if OpenAI deal stalls. OpenAI IPO prospects now depend on rapid renegotiation or new lead investors.
O
by Buranku
Gold is in the Bearish DirectionHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OShort
by ForexMasters2000
GOLD SHORT-TERM CORRECTION AFTER 3,360 – Consolidation likely📊 Market Summary: Gold pulled back to around 3,363 USD, currently trading near 3,373 USD USD strength post-Fed comments and overbought conditions are prompting a short-term correction, while geopolitical tensions provide mild underlying support . 📉 Technical Points: • Resistance: ~3,387–3,388, then 3,400 . • Support: ~3,363, with secondary support 3,352–3,355 . • EMA/SMA: Above EMA50, below 20 SMA (~3,347), indicating range-bound behavior • Momentum: RSI & MACD neutral, Stochastic ~58%—suggesting sideways movement . 📌 Outlook: Expect continued consolidation between 3,352–3,388. Breach above may lead to breakout, breach below possibly triggers pullback toward 3,320. 💡 Trading Plan: SELL XAU/USD: 3,380–3,385 • 🎯 TP: ~3,360 • ❌ SL: ~3,395 BUY XAU/USD: 3,363–3,365 • 🎯 TP: ~3,380–3,387 • ❌ SL: ~3,350
OShort
by Mian-FXSignals
Report June 19, 2025U.S. Policy, Federal Reserve, and Market Sentiment The Federal Reserve's latest Summary of Economic Projections (SEP) and Chair Powell’s post-meeting comments reinforce a resolutely cautious tone, emphasizing economic uncertainty and inflation fragility. The FOMC maintained the federal funds rate at 4.50%, while the updated dot plot reveals increased divergence: 10 members favor two or more rate cuts, while seven now favor no cuts in 2025, up from four in March. Powell emphasized the Fed’s uncertainty surrounding the inflation trajectory, particularly in light of tariff-driven price risks following President Trump’s April 2 “Liberation Day” trade measures. These tariffs are still working through the supply chain, with Powell stating that “someone will have to pay,” referencing the complex interplay between manufacturers, exporters, and consumers. He admitted the Fed is “trying to be humble” in forecasting outcomes, underscoring a deep uncertainty around pass-through pricing effects. Despite this cautious stance, Powell refrained from giving any rate-cut timeline. Markets are now pricing in September as the earliest plausible cut, contingent on whether inflationary momentum fades or the labor market begins to deteriorate more visibly. The chair also pushed back against political pressure from the White House. President Trump demanded up to ten rate cuts, blaming Powell for inflating federal debt costs. Powell defended the Fed’s independence, suggesting data not political rhetoric will guide the path forward. Analysts note that the central bank’s reluctance to preemptively cut is due in part to a “generationally bad inflation episode,” which undermined confidence in the Fed’s control mechanisms. Escalating Iran–Israel Conflict: Strategic Implications Geopolitical risk has intensified following reports that President Trump approved U.S. strike plans on Iran, though has yet to issue a final order. The build-up of U.S. forces in the Mediterranean and Arabian Seas, including two carrier strike groups and three destroyers, signals operational readiness. Israeli strikes have reportedly hit Iran’s Arak heavy-water facility and a site in Natanz linked to nuclear weapons development. Iran has retaliated, with missile fire hitting Beersheba and causing civilian casualties. With over 639 deaths reported in Iran and 24 in Israel, the risk of a broader regional war is elevated. U.S. embassies are preparing evacuation flights from Israel, further confirming military escalation risks. The market implication is clear: safe-haven flows are returning. Oil prices remain bid near $75.10 (WTI) despite small declines, and gold is holding near $3,385, reflecting hedging against a supply disruption scenario. Global Macro Conditions: Bonds, Asia, and FX Bond markets are showing stabilization as investors balance Fed indecision with long-term value. Capital Group noted that bonds are “again fulfilling their role as portfolio stabilizers.” The steepening curve combined with attractive yields is drawing long-term interest in IG credit and U.S. sovereigns, especially at the 5–10Y part of the curve. Japanese Government Bonds (JGBs) saw a strong bid during the latest 5Y auction, with a bid-to-cover ratio of 4.58, the highest since July 2023. The 10Y JGB yield dropped 4bps to 1.415%, and the 20Y yield to 2.36%, as Middle East risk spurred demand. Analysts noted that despite talk of BoJ tightening, demand-side dynamics remain favorable for JGBs. Meanwhile, Asian currencies are consolidating as traders digest both the Fed's message and regional instability. The Korean won, Singapore dollar, and Australian dollar were mostly unchanged overnight, although the Thai baht weakened sharply amid political instability in Bangkok following a coalition breakdown. Asian investors have also begun diversifying away from USD assets, according to DBS strategists. This includes buying back into Singapore and Hong Kong fixed income, compressing local interest rates and contributing to dollar softness in Asia. Commodities & Energy Outlook Oil prices are modestly lower in Asia’s early trading due to position adjustments, but support remains due to Middle East tensions. Brent trades at $76.34, and WTI at $75.10. ANZ Research notes the market remains “very sensitive” to additional escalation in the Iran-Israel conflict. A U.S. military strike on Iranian nuclear infrastructure would likely trigger further price spikes, possibly pushing crude above $80 in the short term. As, gold and silver remain well supported as hedges, particularly given the uncertain rate path and geopolitical risk.
F
by Buranku
Gold-----sell near 3393, target 3380-3366Gold market analysis: Yesterday, gold was basically a repeated shock, the K line was repaired at one position, and buying and selling were back and forth around the M side of the suppression platform 3405. Yesterday, our analysis was completely in line with our expectations. Yesterday, we also repeatedly arranged 5 sell orders, arranging 3382 break sell, 3387 sell, 3393 sell, 3382 sell, 3377 sell. Today's idea is to continue selling. The daily line cannot determine the bottom of this wave of decline. There are data in European and American time today. I think we can rely on the 3405 platform to be bearish before the data. If 3405 breaks, we adjust our thinking to be bullish. Otherwise, we can sell repeatedly. Gold is oscillating in the short term. Try not to chase it and wait for it to rebound and suppress the position to sell. In addition, the daily moving average suppression position of the moving average is 3396-3363, which is also the main reason for its repeated game at this position. The weekly buying momentum is not dead yet. Be cautious of its rocket in the second half of the week. In today's Asian session, we will first focus on the suppression of 3395. The risk of taking more is relatively large. The low point below is not stable. The Asian session fell to 3370 and rebounded quickly. From the perspective of the pattern, 3372-3366 is the support. The suppression position of the 1H hourly moving average is near 3395. Yesterday's US session rebounded at around 3396, and the hourly K suppression position was 3400. All the above are suppressed. In addition, the opening position today is also near 3393. Pressure 3393, 3400, 3405, support 3382, 3370, and the watershed of strength and weakness in the market is 3382. Fundamental analysis: In the previous fundamentals, we have been paying attention to geopolitical factors. The situation in the Middle East has indeed changed the way gold and crude oil are traded. Today we focus on the monetary policy of the Federal Reserve, and there is also a speech by Chairman Powell during the US session. Operation suggestions: Gold-----sell near 3393, target 3380-3366
OShort
by NuggetsWarriors