TradingView
UnknownUnicorn55352658
Jul 3, 2023 9:53 AM

XAUUSD: Gold analysis Long

Gold / U.S. DollarFOREX.com

Description


Last week Powell reiterated the need for a rate hike this year, and gold again fell sharply below 1900.
The ECB's concern about core inflation comes as it sticks to the pace of rate hikes and U.S. inflation indicators miss expectations.
Gold once again ushered in a $30 rebound adjustment, this week ushered in non-agricultural!
Below 1920, back down again to test the 1905 position, and below to continue to see the challenge of the former low 1892 position.
At the same time, the top once again broke through the 1920 position, continue to look at the resistance pressure above the 1933 position, continue to pay attention to the shock adjustment continues.
Join me and don't let procrastination and hesitation stop you from making money!

Trade active

Persistent oscillation

Trade active

1921

Trade active

1924

Trade active

lol
Comments
Tradersweekly
Buyers quickly stepped in when gold dipped below $1,900. I will be paying close attention to the volume in the next few days. Thanks for sharing.
More