The smell of gunpowder is full! Trump once again "fired" at the Federal Reserve, saying "no one who is unwilling to cut interest rates immediately will be appointed as the chairman of the Federal Reserve", and made a strong statement that the ideal interest rate should be cut to 1%-2%. This "power game" between the White House and the Federal Reserve is injecting new volatility factors into the gold market!
Market Express: Thrilling roller coaster trend
Gold staged a thrilling scene today: after opening at $3272, it surged to $3281, then plummeted to $3247, and finally rebounded tenaciously. This wave of "deep V" trend perfectly interprets the current market entanglement-there is pressure from above and support from below, and the bulls and bears are fighting hard!
Technical decoding: key attack and defense points
Bear fortress: 3281 US dollars is the high point of today's rebound, and the 3295-3301 US dollars area above is called the "death line"
Bull position: 3250-3255 US dollars area shows strong support, and breaking it may trigger panic selling
Decisive battle signal: 3316 US dollars is the "winner" that determines the short-term trend
Operation tips: follow the trend and attack accurately
We have accurately bottomed out at 3263 US dollars today and have taken profits! Current strategy:
Rebound to 3294-3301 US dollars decisively cover short orders, and stop loss is set at 3306 US dollars
Target is 3255-3260 US dollars, and you can continue to hold if it breaks
Special reminder: The more fierce Trump's "mouth cannon", the more violent the market volatility! Will Powell succumb to political pressure? Will the nomination of the Federal Reserve Chairman in October trigger a new market? These are all "time bombs" buried in the gold market!
Trade active
Gold short-term trading viewpoint:
Core logic:
The daily rebound is weak, and the bearish dominance pattern remains unchanged. The cross star + small positive on Friday are not continuous, suggesting a downward relay pattern. Although there is bullish resistance in the 3255 area, the rebound strength of 3280 is weak, and the monthly line may close at a new low.
Key positions:
Suppression zone: 3295 (strength and weakness boundary of Asia-Europe session), 3310 (trend reversal confirmation position)
Support zone: 3260 (last line of defense for bulls), breaking will open up space below 3250
Operation strategy:
Short trading:
The aggressive ones try short with a light position at 3295 (30% position), and wait conservatively for 3310 to increase positions
Stop loss above 3315, target 3280-3265 (profit and loss ratio above 1:2)
Bull game:
Place long orders at 3260 (strictly 20% position), stop loss at 3252, target 3275-3285 (quick in and out)
Warning: If the price continues to be under pressure below 3280 before the US market opens, abandon the long order plan
Personal preference:
Prefer high-altitude. The current market is re-pricing the Fed's hawkish expectations. In the strong dollar cycle, any rebound in gold is a better opportunity to short. The 3260 support is likely to be broken, and the monthly line may test the 3230 area in the final week.
Trade closed: target reached
Gold staged a "deep V" reversal on Monday, violently pulling back from 3247 to 3280. After the shorts smashed the market, it was held up by mysterious buying! But don't rush to buy the bottom - the closing battle of the monthly line is about to start, and tonight is destined to be bloody!
Bulls' Jedi counterattack? There may be a last fight before the closing of the monthly line, and 3295 will become the life and death line! Breakthrough will hit 3310, but the probability is as slim as Powell bowing to Trump...
Shorts are sharpening their knives. Heavy gunners are ambushing in the 3290-3300 area. RSI dead cross sneers: "Rebound is to give you a better short position!"
Tonight's ruthless trick: 🔥 Directly short above 3290! Stop loss 3310, target directly at 3260-3247! Falling below here, the $3,000 mark will enter the slaughter range!
⚠️ Warning: Don't touch the "bull's grave" of 3260. If you want to rebound, you must set a stop loss of 3250. Make 10 US dollars and run!
Last roar:
When central banks around the world are selling gold, when the Fed's eagle claws are hanging high... This rebound is just a dead cat bounce! If the monthly line closes below 3250, July will be a carnival for bears!
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.
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.