#XAUUSD
Gold is in an upward trend from the daily chart. From the technical indicators, the SMA5-SMA10 moving averages are golden crosses, BOLL opens upward, the K line runs on the upper track of the daily Bollinger Band, and the MACD continues to increase, indicating that the bullish trend remains unchanged📈.
The approaching August 1st tariff deadline, coupled with uncertainties such as the Federal Reserve, provide short-term support for gold🔍.
📊The current lower support is at 3410-3400. If it falls back to this level during the day, you can consider going long. Gradually check 3430 and 3440 on the upside, and pay close attention to the breakthrough of the 3450 level🏅. If it effectively breaks through 3450, gold is expected to break through the historical high. If it encounters resistance near 3450 as in the previous trend, you can consider shorting📉.
🚀BUY 3410-3400
🚀TP 3430-3440
Gold is in an upward trend from the daily chart. From the technical indicators, the SMA5-SMA10 moving averages are golden crosses, BOLL opens upward, the K line runs on the upper track of the daily Bollinger Band, and the MACD continues to increase, indicating that the bullish trend remains unchanged📈.
The approaching August 1st tariff deadline, coupled with uncertainties such as the Federal Reserve, provide short-term support for gold🔍.
📊The current lower support is at 3410-3400. If it falls back to this level during the day, you can consider going long. Gradually check 3430 and 3440 on the upside, and pay close attention to the breakthrough of the 3450 level🏅. If it effectively breaks through 3450, gold is expected to break through the historical high. If it encounters resistance near 3450 as in the previous trend, you can consider shorting📉.
🚀BUY 3410-3400
🚀TP 3430-3440
Trade active
The current lowest price of gold has retreated to around 3381. I think there must be many friends who still hold long orders. In fact, I did not stop the long orders in my hand. On the contrary, I kept them in my hand, and as gold fell, I added positions near 3385. Because gold fell to around 3381 and then quickly rebounded, I am still confident in the current bull market. In my opinion, this is just the release of the overbought part of the previous bullish momentum. After the release, gold will rebound.
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Free Telegram group:t.me/Insight_Precise_Analysis
Free consultation with tutors:t.me/Insight_PreciseAnalysis
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.
CFA® Charterholder | Senior Market Trading Analyst | Helping millions of users double their account funds
Free Telegram group:t.me/Insight_Precise_Analysis
Free consultation with tutors:t.me/Insight_PreciseAnalysis
Free Telegram group:t.me/Insight_Precise_Analysis
Free consultation with tutors:t.me/Insight_PreciseAnalysis
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.