War breaks out again? The latest analysis and layout of gold

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📰 Impact of news:

1. The ceasefire agreement reached earlier did not take effect, and Trump believed that both sides violated the agreement
2. Federal Reserve Chairman Powell delivered a speech 3 hours later

📈 Market analysis:

At the 4H level: the Bollinger Band opening is enlarged, the MACD indicator double-line death cross is downward, the short-selling force is strengthened, but the RSI indicator rebounds after being oversold. Overall, there are obvious signs of a rebound in gold prices. At the hourly level: the gold price is in a downward channel, the Bollinger Bands are expanding, the MACD indicator is dead cross and the red bars are converging, and the short momentum has weakened. The RSI indicator rebounds from oversold, and the demand for spot gold rebounds is obvious. Therefore, we still hold long orders near 3320 in the short term. Short-term operation suggestion: go long when it stabilizes at 3325-3315, pay attention to the resistance range of 3370-3380 on the upside, and consider shorting when encountering resistance and pressure.

🏅 Trading strategies:

BUY 3325-3315
TP 3335-3345-3365

SELL 3370-3380
TP 3340-3330

If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.

XAUUSD XAUUSD XAUUSD XAUUSD GOLD

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