Is gold price selling or buying? I think it's like this

GOLD1! XAUUSD GC1! GOLD
Bombarded by the Fed's comments, the market ended its ultra-short-term bullish trend. Reverse downward. It is still continuing to fall. Gold price is at the critical stage of 2370.

Policy was tightened and the deadline for interest rate cuts was once again extended. It directly boosted the US dollar and shot up to 104.96 in the short term.

At the same time, the European Central Bank sent an assist and is expected to cut interest rates in June. The side boosted the dollar again.

In terms of operation, we still need to observe whether the support near 2370 below is effective. If it is effective in the short term, we need to pay attention to the target position near 2388. If the impact of the news intensifies, you need to pay attention to the targets below 2354-2358.

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Trade active:

From this point of view, the support below 2374-2370 is still effective. There are more opportunities to buy.

Trade active:

It seems that the pressure from above is huge and the market has fallen to a very low level. That was 2354, and it has now rebounded to 2368. From the 2370 position, the previous support may be converted into the current pressure, so you can continue to sell mainly.