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Gold Spot / U.S. Dollar
Long
Updated

Treat it as a long-short wash-out shock, and go long on pullback

234
📰 News information:

1. Initial jobless claims data
2. June retail data
3. Beware of Trump's remarks about firing Powell

📈 Technical Analysis:

Last night, the daily line closed at around 3347. The current short-term daily line range is 3355-3300. The short-term support below is still 3320. Once it falls below 3320, it will look to 3310-3300. Short-term trading is still volatile. If the intraday retracement reaches 3320-3310, consider going long, and the defense is 3300, with the target at 3340-3350. Under the current rhythm of long and short wash, don't chase the rise and sell the fall, look at it rationally, and brothers who trade independently must bring SL.

🎯 Trading Points:

BUY 3320-3310
TP 3340-3350

In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.

XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD GOLD
Trade active
At present, gold has perfectly reached our ideal trading area. Brothers can choose a reasonable number of transactions according to their own account funds.
Trade closed: target reached
The current gold price is rising slowly. I adjusted the long trade TP to 3330 and have already exited with a profit of nearly 200 pips. In the short term, 3340-3350 constitutes a certain resistance. Only by breaking through and standing firmly above it can it reach the 3375-3385 range. If gold is still under pressure and encounters resistance in the 3340-3350 area after rising, the short-term market will continue to fluctuate. You can consider going short on rallies and look to 3320-3310.

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