https://www.tradingview.com/x/hDufLik1/
News：
Gold (XAU/USD) remained under pressure this week, falling below $4,000 at one point and hitting its lowest level since early October, influenced by Federal Reserve Chairman Jerome Powell's cautious remarks and easing US-China trade tensions.
Considering all factors, future US economic data and speeches by Federal Reserve officials will be key catalysts in determining the direction of gold prices.
Specifically:
From the 4-hour chart, the current short-term resistance level to watch is 4035-4030, with a key resistance level at 4055. Short-term support is around 3960. The overall trend remains upward, so the recommended strategy is to buy on dips and patiently wait for key entry points.
Specific trading strategies will be provided in the channel; please pay attention.
I believe the overall market will maintain a period of fluctuation before continuing its upward trend. Judging from the current market situation, the bottom has been established, but the upward trend has not yet started. In particular, the repeated fluctuations and shakeouts on Friday have added more uncertainty to the market.
This is mainly because market sentiment is currently quite divided. The US-China trade tariff issue is in a tug-of-war, and the Russia-Ukraine situation has begun to ease, but these remain unresolved issues. Although bullish momentum has slowed, it's not enough to reverse the bull market trend. The more important factors are US Treasury bonds, the Fed's interest rate cuts, and the cessation of balance sheet locking.
Therefore, after a short period of tug-of-war between bulls and bears, the market will likely rise again later.
Trading strategy:
Buy:3980-3975, SL: 3960, TP: 4000-4030-4060
News：
Gold (XAU/USD) remained under pressure this week, falling below $4,000 at one point and hitting its lowest level since early October, influenced by Federal Reserve Chairman Jerome Powell's cautious remarks and easing US-China trade tensions.
Considering all factors, future US economic data and speeches by Federal Reserve officials will be key catalysts in determining the direction of gold prices.
Specifically:
From the 4-hour chart, the current short-term resistance level to watch is 4035-4030, with a key resistance level at 4055. Short-term support is around 3960. The overall trend remains upward, so the recommended strategy is to buy on dips and patiently wait for key entry points.
Specific trading strategies will be provided in the channel; please pay attention.
I believe the overall market will maintain a period of fluctuation before continuing its upward trend. Judging from the current market situation, the bottom has been established, but the upward trend has not yet started. In particular, the repeated fluctuations and shakeouts on Friday have added more uncertainty to the market.
This is mainly because market sentiment is currently quite divided. The US-China trade tariff issue is in a tug-of-war, and the Russia-Ukraine situation has begun to ease, but these remain unresolved issues. Although bullish momentum has slowed, it's not enough to reverse the bull market trend. The more important factors are US Treasury bonds, the Fed's interest rate cuts, and the cessation of balance sheet locking.
Therefore, after a short period of tug-of-war between bulls and bears, the market will likely rise again later.
Trading strategy:
Buy:3980-3975, SL: 3960, TP: 4000-4030-4060
Trade active
With a flood of data coming next week, is there still a chance for the bulls to turn things around?Trade closed: target reached
The upward trend in gold continues.
I'm Theodore, welcome to join my channel, where you can get the latest trading signals and strategy layout.
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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.
I'm Theodore, welcome to join my channel, where you can get the latest trading signals and strategy layout.
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.