The Fed's interest rate decision will be held on Wednesday. The market expects that the wording may be hawkish. The rise in the US dollar and US Treasury yields has significantly suppressed gold prices; despite strong safe-haven demand and central bank buying, gold prices have risen for the third consecutive month. It rose 2.8% in April to a record high of $2,431.29. As US data showed rising employment costs, indicating that inflationary pressures persisted, gold prices fell sharply below the $2,300/ounce mark. In addition to the strengthening of the US dollar caused by US economic data, there were reports that Israel was preparing to send a delegation to Cairo to participate in the Gaza ceasefire negotiations, which weakened gold's safe-haven buying and dealt a blow to gold prices.
On the whole, today's short-term gold operation thinking is still to focus on rebound and short selling. The top short-term focus will be on the 2300-2310 first-line resistance, and the bottom short-term focus will be on the 2270-2275 first-line support. For intraday operations, you can refer to the 2295-2300 area for short entry orders.
On the whole, today's short-term gold operation thinking is still to focus on rebound and short selling. The top short-term focus will be on the 2300-2310 first-line resistance, and the bottom short-term focus will be on the 2270-2275 first-line support. For intraday operations, you can refer to the 2295-2300 area for short entry orders.
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hope this helps you
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Ten minutes later, the US will release the ADP employment data.
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Our weekly profit exceeded 100%. You can find me and I will help you.
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The Federal Reserve is due to announce its interest rate decision in three hours.
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The Federal Reserve will announce its interest rate decision in less than an hour. It is easy for this to swing up or down. If you still don’t know how to trade, you can find me.
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The market is about to be volatile and if you don't know how to trade, you can find me.
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U.S. Treasury bond rates fell, which caused gold to rise.
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In the short term, gold will focus on the 2310-15 line support below and the 2330-35 line suppression above. In terms of operation, we will temporarily operate in this range and wait patiently for entry. Don't trade blindly.
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Today, gold is mainly bullish at a low level.
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There are 40 minutes left before the U.S. releases weekly unemployment claims data.
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Our analysis is perfect and we have made very good profits at this time. Join the channel and I will help you.
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The overall trend of gold remains unchanged, and the downward channel is still normal and safe. The pressure near 2330 is relatively large and cannot be effectively broken through. Continue to short at high levels.
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Hope it helps you.
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Gold rebounded to the area near 2345 and continued to short, with the target of 2330-2335.
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Last week our profit reached 150%, and this week we plan to exceed 200%. If you want to double your profit, you can contact me.
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Last week our profit reached 150%, and this week we plan to exceed 200%. If you want to double your profit, you can contact me.
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Brother, contacting me is your best choice. It has been proven that I have helped many people recover their losses and make money. If you are losing money, please contact me as soon as possible.