Hello everyone! Today i want to share some macro analysis with you!
1.
$Gold - main 2506(GCmain)$ Sell orders for gold were profitable and have now retraced as low as 3309.33 support!
Expect a continuation of the wide oscillator trend today! Holding $3300 is an important is psychological barrier today!
2.
$XAU/USD(XAUUSD.FOREX)$ Gold has been fluctuating and adjusting recently, and finally bottomed out and rebounded, closing above the extension line support. The short-selling force failed to increase.
As the shock continued, the middle track and the 30-day moving average gradually moved up, and the Bollinger Bands continued to extend upward, suggesting that the bullish outlook is good. Gold is expected to return to above 3,400, and Trump believes that there is no red line that will change the tariff policy.
It consolidates the prospect that the trade concern environment will continue, which helps the bullishness of gold. Gold will maintain a buying transaction today!
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Comments
Good to know