Go long after XAUUSD pulls back.

От Alligator-King
Обновлено
Today, the price of gold broke a new high, with the highest price rising to $2,482, and has fallen back after the high.

Regarding the Fed's expectations for interest rate cuts, I have recently communicated with some professional investors. Everyone generally believes that the interest rate cut is expected in September, and even believes that the Fed will cut interest rates three times in September, November, and December.

Unlike market expectations, Trump's speech last night shocked the overseas investment market. In an interview with Business Weekly, he revealed heavy information:

First: If Trump is elected this year, he will continue to appoint Powell as chairman of the Federal Reserve until the expiration of his term in 2028.

Second, he also warned Powell to avoid interest rate cuts before the November election to prevent excessive employment rates and economic boosts from Biden's approval rating in the next few months.

The public speech is Trump's campaign for the election, and also a coercion and inducement to Powell. Because Trump's probability of winning this year's election has exceeded 70%, and Powell's position as chairman of the Federal Reserve was given by Biden or the Democratic Party.

So Trump gave Powell a price: no interest rate cuts before September, in order to reduce the possibility of Biden's comeback in the November election. If Powell is obedient, then in the next four years, Powell may still be able to control this important department that can command the world.

Although the gold price has broken through a new high today, if the expectation of interest rate cuts in the short term cannot be fulfilled, I think it will be very difficult to rise again.

Powell must consider his career and the interest groups behind him. Therefore, instead of cutting interest rates in September, the probability of cutting interest rates after the November election is increasing, and it is not ruled out that the Fed's first interest rate cut will reach 50BP.

So how should we deal with the gold market next?

From the trend of gold prices, after breaking through the key pressure of 2450, gold prices rose again this morning, releasing a lot of long momentum in the short term, and more energy is needed to continue to impact upward. So next we should pay more attention to the position of the top and bottom conversion.

In terms of operation, we need to pay attention to today's opening position at 2468-69, pay attention to the pressure of this position, and pay attention to the support of 2450-2442 below, which is the top and bottom conversion position.
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Комментарий
It is not recommended to chase long positions at the moment. If the upward bubble cannot be sustained, a sharp pullback will put your account in danger.
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The current market trend is in line with expectations, but it is still not a suitable situation to enter a trade.
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The market is exactly in line with my expectations. I said before that gold will fall back to 2450-2455. You can go long at this position. Currently our short orders are profitable. If you want to get more information, you can follow me.
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If your account is still losing money, or is locked, or if you are a newbie and don't know how to find the right way to make money, you can contact me and I will help you!
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Waiting for the opening, it is expected that XAUUSD will still fall, and the next target is 2360. For further planning, you can follow me or click on my website. I can't say that my sharing is 100% correct, but I can guarantee that it will help you 100%.
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Gold has opened, and the Asian session will rise. It is not recommended to short, and the rise will not be large. Gold will fall back in the European and US sessions. Pay attention to today's news. I will announce the specific transaction details on my website. I wish you a pleasant night.
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Today's US news is bearish for gold and we have accurately made profits. If you are on my website, you will get this information in advance.
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The first thing I do when I wake up is to publish today's trading signals on the website. We are extremely sure that we are bearish on gold. Now that our signals have been verified, enjoy the profits. If you don't want to miss the right trading signals, I suggest you click on my website.
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Today we lost one trade, and the rest are all profitable. I cannot guarantee that my signals can be 100% accurate, but I can ensure that the market information I publish can help you. If you want to know more, you can click on my website.
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Today we lost one trade, and the rest are all profitable. I cannot guarantee that my signals can be 100% accurate, but I can ensure that the market information I publish can help you. If you want to know more, you can click on my website.
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I will update the trading signals and market information on the website as soon as I wake up. I guarantee that I can help you 100%. Good night.
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Chart PatternsGoldgoldlongHarmonic PatternsTrend AnalysisXAUUSDxauusdlongxuausdshort

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