Hello everyone! Today i want to share some macro analysis with you!
1.
Last trading day Monday (June 10): international gold / London gold to stop falling back up to close the sun, but still closed below the 60-day average, and also running in the Bollinger band downward channel, the short side is still dominant, suggesting that the trend of the market is still have to go lower again, down to explore the 100-day average near the support of the target is expected. $Gold - main 2408(GCmain)$ $XAU/USD(XAUUSD.FOREX)$
Specific trend, gold prices since the Asian market opened at $2292.95 / ounce, the day first narrow pressure running, recorded in the end of the Asian session of the low point of $2287.68, after which it stops falling back to a narrow range of strong running, continued to the end of the European session, the trend has shifted upward, but the strength of the bulls is limited, two consecutively strong, were blocked back down, and in this regard, recorded a high of $2313.45, and lastly, the price of gold is still in a narrow pressure shock. Once again into a narrow range of pressure oscillation disc, and finally closed at 2310.74 U.S. dollars, the daily amplitude of 25.77 U.S. dollars, closed up 17.79 U.S. dollars, or 0.78%.
Impact, due to the rise in the unemployment rate on Friday, and limit the decline in gold prices, and maintain a narrow range of pressure to run, while the dollar index high opening, pressure on it, although the European and U.S. plate data is good for its gold prices caused by the two times rebound stronger, but after the rebound is still blocked pressure to run, and its last Friday, large over-expected non-farm payrolls is still in the price of gold prices caused by the pressure of bearish, so that the rebound strength is limited, and still close in the 60-day average below. 60-day average below.
Intraday will be able to pay attention to the United States in May NFIB small business confidence index, the market is expected to favour gold prices, while yesterday's announcement of the United States in May, the New York Fed 1 year inflation is expected to be lower than the previous value, so that the market is widely expected on Wednesday, U.S. CPI data or show that the cooling of inflation, coupled with the Middle East due to the situation of turmoil, the recent risk aversion rebound, the price of gold this week, or facing a rebound to go to the plate and the probability of receiving the sun is greater.
2.
Looking ahead to today, Tuesday (11 June): Yesterday's technical rally in XAUUSD was in line with the expected trend, but ultimately did not effectively break through 2314, the current Asian market phase, gold is in a downward phase, sell orders continue to take profits! Recent trading strategy to follow the trend!
First of all, pay attention to the upper three top pressure near 2314, the bottom support focus on the previous low of 2286, today is not expected to break through the new low! Range oscillation is the main theme of today!
Choose to rebound near 2310 to continue to enter the sell order!
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https://x.com/TradersXauusd/status/1800366512974549347
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