Trump and Putin met last Friday to discuss the Russia-Ukraine issue, and information about the talks leaked over the weekend. 💻
If Russia and Ukraine cannot successfully reach a ceasefire agreement, Europe and the United States will continue to put pressure on Russia, ⚖️then the short-term volatility may no longer exist, and the bulls may counterattack.🐂 There will be another meeting tonight, so everyone can pay attention to it.👀
Gold opened lower today, hitting a low near 3323, and then quickly rebounded. 📈From the 4H chart, the gold price broke through the middle track, turning from weak to strong in the short term, but the short-term upper resistance was not effectively broken through, and the overall pattern still showed top oscillation.🏓
Gold is currently retreating again to test the lower support. If it fails to effectively fall below the lower support, gold will continue to rebound.📈 In the short term, focus on the 3343-3332 area. If effective support is obtained here, you can consider going long, with the target at 3355-3370.🎯
If Russia and Ukraine cannot successfully reach a ceasefire agreement, Europe and the United States will continue to put pressure on Russia, ⚖️then the short-term volatility may no longer exist, and the bulls may counterattack.🐂 There will be another meeting tonight, so everyone can pay attention to it.👀
Gold opened lower today, hitting a low near 3323, and then quickly rebounded. 📈From the 4H chart, the gold price broke through the middle track, turning from weak to strong in the short term, but the short-term upper resistance was not effectively broken through, and the overall pattern still showed top oscillation.🏓
Gold is currently retreating again to test the lower support. If it fails to effectively fall below the lower support, gold will continue to rebound.📈 In the short term, focus on the 3343-3332 area. If effective support is obtained here, you can consider going long, with the target at 3355-3370.🎯
Trade active
The current issue of fighting inflation and regulating unemployment in the United States is imminent, and Powell will also deliver his last speech of his term at the Jackson Hole Annual Meeting. His top priority was to signal whether the Fed would resume continuous rate cuts, cautiously start a rate cut without promising more, or continue to wait for more data.In addition, the market generally believes that forcing Zelensky to give up his demands for joining NATO and some territories may be detrimental to both the international and US markets. Putin is obviously a strong and tough president. Sending a signal of friendly talks does not mean that he will make any concessions. It seems that it will be difficult to fully promote peace talks in the short term. Although many European and NATO leaders have arrived at the White House, the market may maintain a more cautious trading attitude before the results of the talks are announced, causing gold prices to consolidate. Based on the above news information, there will not be a large correction in the short term, and the current support line of 3330 is still very strong. It is recommended that everyone remain patient and wait for gold to rise.
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📊Latest Trading Sharing Group 📊 :t.me/Allenview
📊Telegram Exclusive Mentoring 📊 :t.me/Allen_868
Helping Million Accounts Successfully Double Their Funds🚀
✅Seize the opportunity and seize the opportunity✅
📊Telegram Exclusive Mentoring 📊 :t.me/Allen_868
Helping Million Accounts Successfully Double Their Funds🚀
✅Seize the opportunity and seize the opportunity✅
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.