📰 Impact of news:
1. Initial jobless claims data
2. US-Iran conflict continues
3. Pay attention to the Fed’s decision
📈 Market analysis:
At present, the gold price is testing the 3380 line again, and the strong support below is 3365-3355. As long as it does not fall below this key support, the bulls will remain strong. At the same time, the two key points of 3405 and 3420 above are still short-term resistance. Breaking through may directly test 3450. In the short term, gold fluctuates repeatedly at the 3405-3365 level, temporarily maintaining a high-altitude low-multiple cycle. There is also initial jobless claims data released today. At the same time, the geopolitical situation in the short term is severe, so we need to be cautious. In addition, the New York Stock Exchange will be closed tomorrow. The focus this week is mainly on Friday, especially when it is superimposed with the Fed’s interest rate decision, we need to be vigilant about the transmission effect of sudden changes in liquidity on the market.
🏅 Trading strategies:
BUY 3380-3365-3355
TP 33395-3400-3405
SELL 3405-3390
TP 3380-3360
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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