XAUUSD:Trading advice for the day

2023年5月29日

Over the weekend, the US debt negotiations reached a preliminary agreement to continue to raise the debt ceiling, and this week will vote to approve the preliminary debt ceiling agreement that will raise the US debt ceiling for two years, while setting new limits on spending during this period. The agreement will keep non-defense spending in fiscal 2024 at roughly the same level as in fiscal 2023 and increase it by about 1% in 2025.

For the market at the beginning of the week, excluding the impact of the news, continue through technical analysis, gold normally opened around 1942, belongs to the normal opening performance, then, continue gold's weak decline last week, intraday shock weak suppression point in 1958, although weak gold, but the beginning of the week directly unilateral decline is unlikely, therefore, intraday need to see a small range of shock range performance, therefore, intraday even if short, you need to pay attention to the rebound in the key suppression point short. Under the trend view, you need to pay attention to the long and short trend point 1935 gains and losses, the US market is closed on Monday, and it is unlikely to break 1935 directly, so it is optimistic that Monday is a volatile trend. But if it breaks 1935, then the first target point of 1900 can be seen below. Combined with the small cycle of the plate, gold fell slightly to 1940 weak in the morning, under the obvious range of the hourly line, you can 1935 for defense, 1940 for support long, the strength of the rise to see the shock high 1955/1958, the U.S. market probability can not break the 1958 suppression point, when the time can be backhand short, continue to look at the weak downside.

Gold trading advice today:
gold:buy@1942-1945 tp:1950-1955

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2023年5月29日

註釋

Opportunities need to wait

2023年5月30日

註釋

opportunity