Interest rate meeting is imminent, two principles!
https://www.tradingview.com/x/Zzlz5U41/
Today's morning session saw a volatile decline. Upon encountering support, the market rebounded briefly, but the strength was limited, maintaining an overall volatile downward trend. This trend seems somewhat odd—with the interest rate meeting imminent, the positive news should have continued, yet the market saw a volatile decline. There are two possibilities:
First, the intraday volatile decline is creating room for upward movement due to the positive news from Thursday's early morning interest rate meeting. In this case, it's bullish!
Second, the intraday volatile decline is a sign of the market positioning itself in advance, "buy anticipation, sell reality"; in this case, it's bearish.
Overall, the Fed's late-night interest rate meeting is a 50-50 market trend for both bulls and bears! We can't make predictions or speculate on the sentiment of market institutions and investment banks; all we can do is conduct a thorough technical analysis, as shown in the chart.
First: As shown in the chart, support levels are clearly visible, located near 3680, 3660, and around 3620, as well as the final support level of the trend channel. The dividing line between strength and weakness lies at the support boundary of the trend channel, serving as a subsequent stop-gap.
Second: Technically, bulls are currently in control! As long as the price remains above the support level of the trend channel, it signals continued bullish momentum.
In summary: short-term support of 3660-3655 is bullish, and the target is 3700-3720
Today's morning session saw a volatile decline. Upon encountering support, the market rebounded briefly, but the strength was limited, maintaining an overall volatile downward trend. This trend seems somewhat odd—with the interest rate meeting imminent, the positive news should have continued, yet the market saw a volatile decline. There are two possibilities:
First, the intraday volatile decline is creating room for upward movement due to the positive news from Thursday's early morning interest rate meeting. In this case, it's bullish!
Second, the intraday volatile decline is a sign of the market positioning itself in advance, "buy anticipation, sell reality"; in this case, it's bearish.
Overall, the Fed's late-night interest rate meeting is a 50-50 market trend for both bulls and bears! We can't make predictions or speculate on the sentiment of market institutions and investment banks; all we can do is conduct a thorough technical analysis, as shown in the chart.
First: As shown in the chart, support levels are clearly visible, located near 3680, 3660, and around 3620, as well as the final support level of the trend channel. The dividing line between strength and weakness lies at the support boundary of the trend channel, serving as a subsequent stop-gap.
Second: Technically, bulls are currently in control! As long as the price remains above the support level of the trend channel, it signals continued bullish momentum.
In summary: short-term support of 3660-3655 is bullish, and the target is 3700-3720
Dagangan aktif
As long as U.S. economic data continues to soften and the Federal Reserve remains on track for further rate cuts, gold will continue to ride on this tailwind, coupled with other multiple positive factors, to maintain its bullish momentum.
Through scientific and rigorous financial analysis and personalized strategy formulation, we help you achieve stable growth of wealth. At the same time, in a complex and changing economic environment, we help you avoid potential risks and protect the saf
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Through scientific and rigorous financial analysis and personalized strategy formulation, we help you achieve stable growth of wealth. At the same time, in a complex and changing economic environment, we help you avoid potential risks and protect the saf
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.