Geopolitical tensions in the Middle East have eased, affecting gold's role as a safe-haven asset during turbulent times. Judging from yesterday's trend, the short-term trend of gold has not yet been determined. The main reason is that after reaching the key position yesterday, there was a wave of gains during the US trading session. Today, it fluctuated downward around the highest point of 2330 points. It is too early to directly say whether it is long or short. Strategically, we can only trade according to the shock range first.
as the picture shows;
2330-2334 above is still a short-term pressure level. Go short at this position. The key watershed below is 2312. If it falls below, you can see yesterday's low near 2290. If 2312 can form support again, then 2330-2350 will be seen above. Focus on the US trading session.
If you think this kind of trading is more complicated, you can stay on the sidelines and wait for the trend to become clear before trading, or you can contact me directly.
Follow me, trading is that easy! Stay rational, follow the trading plan, and avoid blindly following the trend or trading emotionally!
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Close to target
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Goal accomplished
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