freddeal

Gold is treated weakly, and the space below 1924 remains unchang

Short
freddeal Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar

In terms of gold, the price of gold showed an overall decline on Thursday. The price of the day was as low as 1912.27, the highest rose to 1934.79, and it closed at 1913.54. Looking back at the market performance on Thursday, after the opening of the market in the morning, the price fluctuated and fell in the short term. During the US market, the price also continued to fall. There was no major correction overnight, and finally closed at a low level. After today’s opening, it hit yesterday’s low again. Currently Seeing that the market is weak, pay attention to the resistance in the 1918 area and the 1924 area for the time being. The radicals will go short in the 1917 area first.

Gold is empty in the 1924-25 range, defending 10 dollars, and the target is 1900-1890 (radicals first empty in the 1917 area, and the overall market is short)

Financial data and events to focus on today, Friday, June 23, 2023

① 07:30 Annual rate of core CPI in Japan in May

② 14:00 The monthly rate of retail sales in the UK after seasonal adjustment in May

③ 15:15 The initial value of the French manufacturing PMI in June

④ 15:30 German manufacturing PMI initial value in June

⑤ 16:00 The initial value of the manufacturing PMI in the euro zone in June

⑥ 16:30 UK manufacturing PMI in June

⑦ 16:30 UK June services PMI

⑧ 17:15 Fed Bullard delivered a speech

⑨ 21:45 US Markit manufacturing PMI initial value in June

⑩ 21:45 U.S. June Markit services PMI initial value

⑪ 01:00 the next day The total number of oil rigs in the week from June 23 in the United States GOLD1! GOLD1! XAUUSD1! GC1!

Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
Trade active:
Gold is falling, it will definitely reach my expected take profit position
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.