Gold's volatile trading is in line with expectations; buy low and sell high, awaiting Trump's speech!
Gold dipped and rebounded intraday, consistent with anticipated volatility. Short positions were opened at 4655 and 4688, yielding good profits. Trump's "ultimatum" is due Tuesday evening in the Eastern United States. It is expected that neither the bulls nor the bears will dare to make any rash moves before then. Currently, the situation in the Middle East, inflation, safe-haven demand and interest rates, and growth concerns and policy tightening are all overlapping, locking gold in a narrow trading range. In the short term, the outcome of Trump's ultimatum will be the decisive factor. If geopolitical tensions ease, oil prices may fall rapidly, inflationary pressures will ease, and the Federal Reserve will have room to cut interest rates, which will benefit gold. If geopolitical tensions escalate further, then after a short-term surge in safe-haven demand, inflationary shocks and expectations of interest rate hikes will put downward pressure on gold in the medium term.
Currently, gold's 4-hour Bollinger Bands are narrowing, with moving averages converging and oscillating around the middle band. Short-term support is at 4600 and 4580, while resistance is at 4700-05 and 4750. The recommended strategy is to buy low and sell high, taking profits on short-term trades and waiting for tomorrow's speech to provide further impetus.
XAUUSD GOLD XAUUSD $FXOPEN:XAUUSD XAUUSD
Gold dipped and rebounded intraday, consistent with anticipated volatility. Short positions were opened at 4655 and 4688, yielding good profits. Trump's "ultimatum" is due Tuesday evening in the Eastern United States. It is expected that neither the bulls nor the bears will dare to make any rash moves before then. Currently, the situation in the Middle East, inflation, safe-haven demand and interest rates, and growth concerns and policy tightening are all overlapping, locking gold in a narrow trading range. In the short term, the outcome of Trump's ultimatum will be the decisive factor. If geopolitical tensions ease, oil prices may fall rapidly, inflationary pressures will ease, and the Federal Reserve will have room to cut interest rates, which will benefit gold. If geopolitical tensions escalate further, then after a short-term surge in safe-haven demand, inflationary shocks and expectations of interest rate hikes will put downward pressure on gold in the medium term.
Currently, gold's 4-hour Bollinger Bands are narrowing, with moving averages converging and oscillating around the middle band. Short-term support is at 4600 and 4580, while resistance is at 4700-05 and 4750. The recommended strategy is to buy low and sell high, taking profits on short-term trades and waiting for tomorrow's speech to provide further impetus.
XAUUSD GOLD XAUUSD $FXOPEN:XAUUSD XAUUSD 
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.