XAUUSD:30/4 Real-time market analysis of gold prices
During the Asian session on Tuesday, spot gold fluctuated widely. The price of gold barely held the 2330 mark on Monday, helped by the weakening of the US dollar, but was still under pressure below the 21-day moving average of 2340. The market focus turned to the Federal Reserve policy meeting and the US non-farm payrolls to be released this week. data for clues on the trajectory of Fed interest rates.
Higher-than-expected March consumer inflation data released earlier this month prompted traders to lower expectations for a rate cut from the Federal Reserve. The market is currently worried that the chairman of the Federal Reserve will release a hawkish signal, which puts gold at certain short-term downside risks.
The Fed's two-day policy meeting will begin on April 30. The Fed is expected to keep its target interest rate range unchanged at 5.25%-5.5% at the end of Wednesday's meeting, according to CME Group's FedWatch tool. The market is also paying close attention to U.S. non-farm payrolls data for clues about the Federal Reserve cutting interest rates. Investors also need to pay attention to news related to the geopolitical situation in the Middle East. There are few U.S. economic data on this trading day. Pay attention to the performance of the Eurozone's April CPI data and first-quarter GDP data.
Gold fluctuated in a wide range, and the closing monthly line maintained the high-altitude, low-long, short-term thinking. The daily closing line Xiaoyin continues to suppress the closing below the MA10 daily moving average. Currently, the MA10/7 daily moving average on the daily chart opens downward at 2343/2328, and the RSI indicator continues to maintain the central axis adjustment. In the four-hour chart, the Bollinger Bands continue to close, and the moving average bond price fluctuates within a narrow range within the Bollinger Bands central axis adjustment channel. Today's monthly closing line is still dominated by shock and short-term thinking during the day. In the range, we will continue to focus on 2320/2350 first.
Asian market analysis
1H resistance is 2343, support below is 2320
4H resistance is 2352, support below is 2312
Daily resistance is 2358, support below is 2296
✅Asian market strategy:
BUY:2315-2320
SELL:2345-2350
Technical analysis only provides trading direction!
Higher-than-expected March consumer inflation data released earlier this month prompted traders to lower expectations for a rate cut from the Federal Reserve. The market is currently worried that the chairman of the Federal Reserve will release a hawkish signal, which puts gold at certain short-term downside risks.
The Fed's two-day policy meeting will begin on April 30. The Fed is expected to keep its target interest rate range unchanged at 5.25%-5.5% at the end of Wednesday's meeting, according to CME Group's FedWatch tool. The market is also paying close attention to U.S. non-farm payrolls data for clues about the Federal Reserve cutting interest rates. Investors also need to pay attention to news related to the geopolitical situation in the Middle East. There are few U.S. economic data on this trading day. Pay attention to the performance of the Eurozone's April CPI data and first-quarter GDP data.
Gold fluctuated in a wide range, and the closing monthly line maintained the high-altitude, low-long, short-term thinking. The daily closing line Xiaoyin continues to suppress the closing below the MA10 daily moving average. Currently, the MA10/7 daily moving average on the daily chart opens downward at 2343/2328, and the RSI indicator continues to maintain the central axis adjustment. In the four-hour chart, the Bollinger Bands continue to close, and the moving average bond price fluctuates within a narrow range within the Bollinger Bands central axis adjustment channel. Today's monthly closing line is still dominated by shock and short-term thinking during the day. In the range, we will continue to focus on 2320/2350 first.
Asian market analysis
1H resistance is 2343, support below is 2320
4H resistance is 2352, support below is 2312
Daily resistance is 2358, support below is 2296
✅Asian market strategy:
BUY:2315-2320
SELL:2345-2350
Technical analysis only provides trading direction!
Trade attivo
XAUUSD SELL: 2332near
❌SL:2337
TP1: 2329 TP2:2326 TP3:2322
Trade attivo
The second one, continue to make profits and hit TP1 Trade attivo
Trade attivo
As I analyzed earlier, 2320 has strong support, and if it falls below, there will be greater room for decline. After stabilizing, we can go long at the support level as planned, instead of guessing where the bottom is and then being hit by the waterfall. Trade attivo
Trade attivo
Sell after falling below short-term support 2326, profit is good Trade attivo
NY time gold technical analysisDaily resistance is 2361, support below is 2319-2300
Four-hour resistance is 2320, support below is 2300-2250
Judging from the current market trend, the Asian market has fallen back. Pay attention to the stabilization of the support above 2320. If this position cannot be maintained, there is a high probability of a waterfall. If the 2320 position is reached, shorts can look towards the 2300-2250 line. The daily long-short dividing line is 2320. The trading idea was bearish before the daily level stood at this position.
SELL:near 2320
SELL:near 2310
SELL:near 2300
Technical analysis only provides trading direction!
Trade attivo
Trade attivo
The NY market opens, ushering in the short-term strength of short sellersTrade attivo
The NY time strategy shared today, we can all sell when it rebounds to around 2320/2310. Congratulations to our sellers for making a profit and falling to 2298. Welcome to check my workTrade attivo
Already hit TP3Trade attivo
Trade attivo
Trade attivo
Trade attivo
GBPUSD SELL: 1.249 near
SL:1.255
TP1:1.245 TP2: 1.242 TP3:1.239
Trade attivo
Gold continues yesterday's downward trend. Continue to make profits Trade attivo
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