XAUUSD is about to start falling sharply!
The upcoming Fed monetary policy is an important turning point.
in the gold market. It’s the long positions that should be worried. The U.S. dollar rebounded sharply ahead of schedule when expectations for a rate cut fell. Gold also fell sharply due to the impact of the US dollar. Interest rate cut digested in advance? Still continue to cut interest rates! It's like holding a ball of paper in one hand. The other hand is blank. Let you guess! Of course I don't like doing this. I prefer to do things that are certain. For example, follow the market in advance and focus on selling gold orders.
Brothers who follow me all know. I have been selling mainly since last week. Of course, there was also a rebound market in the middle. Just depends on the timing. Friends who follow trading signals have a deep understanding of the accuracy of the instructions. The market continues to change, and what I have to do is follow the current trend and make accurate trades. In this way, VIPs will feel that they are worth their money.
Judging from the current situation, expectations for an interest rate cut in the Federal Reserve minutes are still expected to be delayed, but after the corresponding data is released, there will probably be a limited decline (in the US dollar). Then bounce back quickly. So when it comes to trading, I think selling gold is the main option. A sell-off at higher levels is likely. Of course this depends on the actual results.
At present, gold trading is still mainly selling. Today's sell order at 2162 has hit the take profit target. The sell order at 2157 also hit the take profit target. The current selling position of 2153 and above continues to wait for the hit of the profit target. The pressure above is currently at 2155-2158, and the pressure below is at the 2148 line, but I think the decline will continue to expand. In the short term, it is expected to continue to a position near 2140. Wait patiently.
Stay tuned for further updates. This way you won't miss out on good trading opportunities.
I hope everyone can get more good profits.
Trade active:
Get ready for big market drops
Trade active:
The position of 2156 is still a good position to sell.
