GOLD: Rebound or Adjust?
Hello everyone! Today i want to share some macro analysis with you!
1.
Fed Chairman Powell: labour market strong, but not overheating. Inflation is not the only risk we face, "more good data" will boost confidence in inflation.
Fed's Powell is still speaking! Gold in the rebound near 2371, keep the fall back stage, the day's lowest touch near 2351.3, sell orders gold (XAUUSD) large profits stage, congratulations to my partners!
Technical: Gold is currently facing 4 bottom support, the key support 2348-2350! If successfully broken, will continue to fall to 2330, but need to adjust! $Gold - main 2408(GCmain)$
2.
$XAU/USD(XAUUSD.FOREX)$ will not easily fall below the 2348-50 area, it needs to be adjusted, and the "4-bottom support" will not be easily broken! Gold is starting its rally phase and buy orders continue to be profitable! Buy orders and sell orders win today! How are your trades going today?
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