Gold is still in a weak phase

2 May

In terms of news: international tensions have eased recently, the United States may reduce tariffs on Chinese goods, Russia-Ukraine peace talks have made progress, market demand for hedging has weakened, and funds have shifted from gold to risk assets. At the same time, the mining agreement between the United States and Ukraine boosted the U.S. dollar in a short period of time. The U.S. dollar index strengthened and broke through the 100 mark. The appreciation of the U.S. dollar caused the relative depreciation of gold and suppressed the price.




Technical aspects: From the current market, gold is in a downward trend in the short term. In the short term, we should first pay attention to the suppression of 3260 US dollars on the top. Pay attention to the gains and losses of 3200 yesterday on the bottom. If it falls below 3200, it may further go to 3167.


Trading ideas: Short gold near 3260, stop loss 3270, target 3240

2 May

İşlem aktif

Gold is still fluctuating, but I think we can short gold on rallies

2 May

Not

Gold rebounded to around 3260, we are already short

2 May

Not

Short-term gold is falling rapidly, and our short orders are making profits

2 May

Not

If you think my analysis is good, you can check out my profile, there are surprises there

2 May

İşlem kapandı: hedefe ulaştı

Gold fell to around 3240, and our gold short order made another huge profit. If you want to refer to my trading ideas, you can check out my personal profile, I hope it will be helpful to you