The overall gold price is currently fluctuating and consolidating at a high level. Although gold has a slight correction in the Asian session this morning, it has not fallen out of the upward channel.
The market focus is still on the Federal Reserve's interest rate cut. In addition to this news, the fourth US-China meeting in Spain today is also worthy of our attention. If the two sides can reach a good negotiation on the tariff issue this time, then gold may fall. Otherwise, the price of gold will continue to rise.
Currently, gold has rebounded again and is consolidating around 3645. The short-term pressure from 3655-3665 is still there. If it fails to effectively break through this resistance area, then gold still has room for a short-term correction. Pay attention to the short-term support of 3635-3625 below. If the support is not broken, you can still consider going long on gold.
The market focus is still on the Federal Reserve's interest rate cut. In addition to this news, the fourth US-China meeting in Spain today is also worthy of our attention. If the two sides can reach a good negotiation on the tariff issue this time, then gold may fall. Otherwise, the price of gold will continue to rise.
Currently, gold has rebounded again and is consolidating around 3645. The short-term pressure from 3655-3665 is still there. If it fails to effectively break through this resistance area, then gold still has room for a short-term correction. Pay attention to the short-term support of 3635-3625 below. If the support is not broken, you can still consider going long on gold.
Trade active
Gold rebounded after hitting the support level of 3635. Currently, there is a profit of 100pips near 3645. Bros who refer to the trading strategy to execute long orders can grasp the profit space according to their own account situation.
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Don't do meaningless things 🌈| Professional analysis 📊| Help double your account 🚀
🌐Professional signal group🌐:t.me/Allenview
🌐Professional instructor🌐:t.me/Allen_868
🏅Fools question, wise men join, Become a better self🏅
🌐Professional signal group🌐:t.me/Allenview
🌐Professional instructor🌐:t.me/Allen_868
🏅Fools question, wise men join, Become a better self🏅
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.