XAUUSDGOLDGC1! Affected by tariffs and inflation news, gold fluctuated sharply before the market closed. The market was in a situation of double kills for both long and short positions, and the sentiment was still fermenting. At present, the bulls also took this opportunity to successfully break through the resistance, and the price returned to above 3140 again. From the perspective of the pattern, there is still room for growth in the short term.
Before the US market, you can look for trading opportunities in the 3158-3123 range. The unemployment benefit data will be released during the US market, and the data is expected to be bearish for gold. Therefore, within 30 minutes before the data is released, if you hold a long order, please be cautious. At that time, I will also send you the latest trading plan based on the market situation.
If you are currently in trouble and need help, you can leave me a message.
XAUUSDGC1! Gold fluctuates violently every minute, with an amplitude of 20-30$ per minute. This is why we remind everyone to close their positions before Trump's speech, because once you have a fluke mentality, your account may not be able to withstand the violent fluctuations and be liquidated. Now the 3105-3135 range has been punctured, but the direction is still unclear. Maybe it will be clearer tomorrow.
XAUUSDGC1! There is indeed strong resistance near 3135. The gold price has failed to break through this line many times. We sold here just now and have now taken profits.
XAUUSDGC1!GOLD So far, gold has continued to fluctuate in the 3110-3136 range. Although the candle chart has many long lower shadows, the high point is moving down. If this trend is not broken, the probability of falling below 3100 today is very high, so when trading, everyone must be cautious. Personally, I suggest selling as the main method.
XAUUSDGC1! ADP data will be released in 10 minutes. If the data fails to break through the shock range after the release, we can continue to buy low and sell high within the range. If it breaks through, we will re-evaluate the trading direction according to the breakthrough situation.