Gold fluctuates, operate at the right time!

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https://www.tradingview.com/x/dkig96NC/

💡Message Strategy

Trump called Powell "terrible" and said he was considering three or four candidates to replace Powell. Meanwhile, the Wall Street Journal reported that Trump was even considering announcing a potential successor as early as September or October.


The current mainstream narrative in the market is that once Trump nominates a new Fed chairman, market expectations will tend to favor a more "dovish" Fed. This in turn could lead to a weaker dollar, higher U.S. long-term Treasury yields, and higher stock prices.

Powell testified before the U.S. Senate on Wednesday that while Trump's tariffs could trigger a one-off price increase, the risk of sustained inflation is significant enough for the Fed to be cautious about further rate cuts.


Markets are now focused on U.S. GDP data due out that day and will closely watch personal consumption expenditures (PCE) data on Friday for further clues on whether the Fed will cut rates.


On the geopolitical front, a ceasefire between Israel and Iran appeared to hold on Wednesday. Trump hailed the swift end to the 12-day conflict at a NATO summit and said he would seek a commitment from Iran to abandon its nuclear ambitions in talks next week.


📊Technical aspects

From the 1-hour analysis, the upper resistance is around 3350. The intraday rebound relies on this position to continue the main short-term decline. The lower short-term support focuses on the 3300-3310 integer mark, and the upper pressure focuses on the 3350 mark.

The overall support relies on this range to maintain the main tone of high-altitude low-multiple cycle participation. The short-term long-short strength and weakness watershed is 3370. It is difficult to say that it is strong before the daily level breaks through and stands on this position. Pay attention to the specific operation strategy in time.


💰Strategy Package

Short Position:3340-3350,SL:3320,Target: 3310-3300

Long Position:3310-3320,SL:3290,Target: 3350-3360

交易進行
The main idea of ​​gold: short at highs, long at lows
交易結束:目標達成
Golden idea is correct

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