7.2 Gold Market
As Trump's "Big and Beautiful Act" was passed by the Senate and the deadline for suspending trade tariffs on July 9 is getting closer, spot gold has surged above the $3,350 mark.
Wednesday's ADP employment data and Thursday's non-farm payrolls report will be key clues for investors to judge the direction of the Fed's policy.
Currently, it is in a downward adjustment, and a new support level has been formed at 3,330. Today's US data will have a direct impact on gold prices after it is released. You can now wait with a short position.
Today's strategy
BUY: 3,330
SL: 3,320
TP: 3,340
SELL: 3,340
SL: 3,345
TP: 3,330
Thank you for your attention. I hope my analysis can help you.
As Trump's "Big and Beautiful Act" was passed by the Senate and the deadline for suspending trade tariffs on July 9 is getting closer, spot gold has surged above the $3,350 mark.
Wednesday's ADP employment data and Thursday's non-farm payrolls report will be key clues for investors to judge the direction of the Fed's policy.
Currently, it is in a downward adjustment, and a new support level has been formed at 3,330. Today's US data will have a direct impact on gold prices after it is released. You can now wait with a short position.
Today's strategy
BUY: 3,330
SL: 3,320
TP: 3,340
SELL: 3,340
SL: 3,345
TP: 3,330
Thank you for your attention. I hope my analysis can help you.
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.