Macro Analysis for Gold
Hello everyone! Today i want to share some macro analysis with you!
1.
June 26:
In the Asian market, $XAU/USD(XAUUSD.FOREX)$ continued to exert its strength, reaching a minimum of around 2310.55, maintaining a downward trend, what does this mean? Buyers began to sell gold frantically, causing gold to fall!
The technical trend, which successfully broke through the 2318 support yesterday, has explained everything. H1 trend: XAUUSD is currently running in a downward channel, and the downward momentum will continue. Today's trading will continue to focus on selling orders, and follow the trend. At present, there has been a rebound. You can choose to rebound to around 2322 and continue to enter the selling order. It has successfully broken through the 2305-07 double bottom support. Today, it is likely to reach 2300!
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