Short-term factors impacting the decline in gold prices:
1: The Russia-Ukraine situation has returned to the negotiating table under Trump's leadership.
2: At the Jackson Hole annual meeting, the market is almost unanimous in its belief that Powell will deliver hawkish remarks.
3: Both gold and silver ETFs have seen reductions in holdings.
4: Gold is under obvious technical pressure.
From the 1-hour chart, we can clearly see a downward trend line for gold prices. After repeatedly touching this trend line, gold prices have fallen. Now that it's near this trend line again, I believe it's a good time to sell.
🏆The operation settings are as follows:
📉📉📉Sell around 3345-3350
✅Target 1: 3330
✅Target 2: 3320
✅Target 3: 3310
📣If you have different opinions, please leave a message below to discuss
1: The Russia-Ukraine situation has returned to the negotiating table under Trump's leadership.
2: At the Jackson Hole annual meeting, the market is almost unanimous in its belief that Powell will deliver hawkish remarks.
3: Both gold and silver ETFs have seen reductions in holdings.
4: Gold is under obvious technical pressure.
From the 1-hour chart, we can clearly see a downward trend line for gold prices. After repeatedly touching this trend line, gold prices have fallen. Now that it's near this trend line again, I believe it's a good time to sell.
🏆The operation settings are as follows:
📉📉📉Sell around 3345-3350
✅Target 1: 3330
✅Target 2: 3320
✅Target 3: 3310
📣If you have different opinions, please leave a message below to discuss
Trade active
Gold is blocked in the 3350-3345 area and continues to be bearishTrade closed: target reached
Yesterday we sold in the 3345-3350 area, and the gold price encountered resistance and fell back as expected. The slow-moving market is now experiencing a rapid decline in gold prices, and has reached the target of 1:3330.
🔥🔥🔥Welcome to join
Get free daily high-quality trading signals
Free Gold Signal Channels📲:t.me/Quality_Gold_Signal
Get free daily high-quality trading signals
Free Gold Signal Channels📲:t.me/Quality_Gold_Signal
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔥🔥🔥Welcome to join
Get free daily high-quality trading signals
Free Gold Signal Channels📲:t.me/Quality_Gold_Signal
Get free daily high-quality trading signals
Free Gold Signal Channels📲:t.me/Quality_Gold_Signal
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.