Macro Analysis for GOLD!

XAUUSD Gold Traders
05-15

Hello everyone! Today I want to share some macro analysis with you!

1.

Ongoing Federal Reserve Chairman Powell and ECB Governing Councilor Nauert participated in a conference together and delivered a speech, Federal Reserve Chairman Powell: does not believe that the next move may be a rate hike, and is more likely to keep the policy rate at the current level. Investors can pay attention to!. $Cboe Volatility Index(VIX)$ $S&P 500(.SPX)$

2.

Today's important data will be released: the U.S. annual rate of April unquartered CPI, the U.S. monthly rate of April quarterly CPI and the U.S. monthly rate of April retail sales!

It is expected that before the release of this important data, XAUUSD will be in the Asian and European markets to maintain the trend of oscillation narrow, the big market will be concentrated in the data release! Gold's upper pressure level is currently centred around 2360-64, followed by 2374-75. $Gold - main 2406(GCmain)$

The lower support is 2344-46, followed by 2332-33. Currently in the uptrend after the retracement repair! In the short term, you can enter a sell order at 2360!TP:2350! Due to the different spreads of each broker S/L is set according to personal habits!

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Follow me to learn more about analysis!!

https://twitter.com/TradersXauusd/status/1790574941387251889

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • HaydenBruce
    05-15
    HaydenBruce
    I'll definitely take a look at your Twitter for more analysis!
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