📰 Impact of news:
1. The ceasefire agreement reached earlier did not take effect, and Trump believed that both sides violated the agreement
2. Federal Reserve Chairman Powell delivered a speech 3 hours later
📈 Market analysis:
After falling below the 3300 mark, gold hit the 3295 line and then rebounded. However, there are too many long orders at the current high level of gold, and the market will not rise easily. The current international situation is so tense, and gold is still slowly declining. It is difficult to rebound sharply in this situation. In the short term, focus on 3290-3280 below. If effective support is obtained, you can go long and look towards 3300-3310. If it falls below the support line of 3290-3280, the downward channel of gold will be opened and it is expected to reach 3265. At the same time, pay attention to the 3328-3338 resistance range on the upside. If the first rebound in the evening encounters pressure and resistance here, you may consider shorting.
🏅 Trading strategies:
SELL 3328-3338-3400
TP 3310-3300-3295
BUY 3290-3280
TP 3300-3310
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
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