GOLD: Ceasefire Contributes to Plunge!

XAUUSD Gold Traders
06-24

1.

$Gold - main 2508(GCmain)$ Gold opened sharply lower, hitting a low near 3333!

Reasons for the plunge: first of all, Israel Iran announced a ceasefire, risk aversion downgrade, and secondly, 3400 is the key resistance that gold can not overcome in the near future!

Yesterday I gave the 3388 sell-single signal, a substantial profit, successfully reached the 3368 target position, the highest profit of 200 points. You follow the signal to enter the sell order market?

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2.

Gold prices fluctuated widely repeatedly, and there seemed to be no clear direction! At the beginning of the New York market, the highest reached around 3388! Then it continued to adjust and adjust! It shows that buyers and sellers around the world have no clear confidence! With the reduction of news on the conflict between Israel and Iran, gold is still in a downward channel from a technical perspective! As long as it fails to break through 3400, the general trend of gold will continue to fall!

New York market end signal: Sell 3386-88 TP:3370-3368 SL:3398

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