#XAUUSD 
XAUUSD GOLD
Yesterday, the gold market released a positive signal: after hitting a high, gold prices did not fall back quickly, but instead showed signs of continuing to rise and break through. This makes me even more convinced that real pressure doesn't offer repeated opportunities, repeated testing is often for the sake of a final breakthrough. Currently, we only need to wait for a valid breakout of the 4345-4355 range. Once this level is firmly established, the upside potential will be fully unlocked.
Currently, gold prices are hovering around 4333, providing room for both bulls and bears to battle. However, in my opinion, I still tend to be bullish. Firstly, although the area above 4345-4355 represents short-term resistance, repeated tests indicate that the resistance is limited and will eventually be broken. Secondly, the upward structure we have been optimistic about remains intact, and no reversal signals have been seen. Meanwhile, Tuesday's data has already increased expectations of an interest rate cut, and if tonight's CPI data is moderate, it will further strengthen that expectation.
Therefore, today's trading strategy remains focused on buying at lower levels, Short-term support is seen at 4325-4320, while key support remains at 4300-4290. Holding this level will lead to a full-scale counterattack by the bulls. In short, the market tends to be relatively calm before the release of big data, it's best to observe more and act less, only participating at key points
XAUUSD GOLD Yesterday, the gold market released a positive signal: after hitting a high, gold prices did not fall back quickly, but instead showed signs of continuing to rise and break through. This makes me even more convinced that real pressure doesn't offer repeated opportunities, repeated testing is often for the sake of a final breakthrough. Currently, we only need to wait for a valid breakout of the 4345-4355 range. Once this level is firmly established, the upside potential will be fully unlocked.
Currently, gold prices are hovering around 4333, providing room for both bulls and bears to battle. However, in my opinion, I still tend to be bullish. Firstly, although the area above 4345-4355 represents short-term resistance, repeated tests indicate that the resistance is limited and will eventually be broken. Secondly, the upward structure we have been optimistic about remains intact, and no reversal signals have been seen. Meanwhile, Tuesday's data has already increased expectations of an interest rate cut, and if tonight's CPI data is moderate, it will further strengthen that expectation.
Therefore, today's trading strategy remains focused on buying at lower levels, Short-term support is seen at 4325-4320, while key support remains at 4300-4290. Holding this level will lead to a full-scale counterattack by the bulls. In short, the market tends to be relatively calm before the release of big data, it's best to observe more and act less, only participating at key points
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#XAUUSD As expected, our bullish strategy has proven correct. As I mentioned this morning, repeated testing of resistance often leads to a final breakthrough. Currently, the gold price is perfectly in line with my expectations, and has touched the previous high of 4370-4380, which is the range I have been emphasizing to everyone this week. How about it? Doesn't everything perfectly match my predictions? This is the first time it's been touched, so you might consider shorting it with a small position.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.