How to position the market after gold falls to around 3280

4月30日

Gold began to fall after rebounding to around 3313, and has now fallen below the important support of 3300. Looking at it now, gold is most likely to be a relay of the decline. The rebound of gold will continue to be bearish. The current 1-hour moving average of gold tends to stick together and diverge downward, and the decline is a bit sharp. If it continues to cross downwards to form a dead cross, then there is still room for gold shorts to fall. It is recommended to wait and see the support of the previous low of 3260. If the support is not broken, then consider going long. In the evening, we need to pay attention to the fluctuations that may be caused by ADP and PCE data.

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XAUUSD XAUUSD XAUUSD XAUUSD GOLD

4月30日

交易進行

The ADP data has been released, and the US GDP in the first quarter has been sluggish. The risk of a US recession has increased sharply. We immediately seized the long trading opportunity near 3275 and have made good gains so far.