Macro Analysis for GOLD
Hello everyone! Today I want to share some macro analysis with you!
1.
$XAU/USD(XAUUSD.FOREX)$ technical surface: interest rate cut by FED officials suppressed, gold rise blocked!
XAUUSD did not succeed in standing firm 2390, the current state of inertia down, today is expected to continue to maintain the decline, has been running in the downward channel, the Asian market has begun to fall, is currently quoted at 2372, the first to pay attention to the support of 2365, the key support in the 2353.
The technical surface of the pullback to adjust and no The technical side of the downward adjustment did not end! The technical side of the downward adjustment is not over!
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2.
$Gold - main 2406(GCmain)$ The European markets have begun and XAUUSD's downward momentum is unrelenting! Personally, I expect it will go down below the 2351-53 support and will reach around 2340 next!
Trade with the trend, sell orders continue!
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3.
Followed the trend! A perfect drop, below 2350 and hitting 2340, which is in line with my thinking!
Big win for sell orders today! For more signals, home page add my contact details!
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4.
Yesterday the Fed said that the impact of a rate cut is far away, while the D1 trend, XAUUSD is now reaching a dense support position, but I believe that this position belongs to the swamp!
There is a need for a bounce in the short term at 2335-40! But I strongly believe that XAUUSD price will continue to fall!
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