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Gold rises and falls are still affected by Sino-US trade negotiations!
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Gold rises and falls are still affected by Sino-US trade negotiations!". Hope it will be helpful to you! The original content is as follows:
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In terms of gold, it continued to fluctuate and turned positive. Even if it fell in the morning, it still did not continue. The European session rose and the US session rose and the US session fell and closed.
What I worry about is the Sino-US trade negotiations. Judging from the news released, yesterday afternoon, I just had a simple meal and entered the next round of negotiations.
1. We actively negotiate but have principles and do not www.xm-forex.compromise.
2, the United States is also following up, but Trump needs approval.
3. So far, the specific quality of the problem has not been revealed at all. According to time and attitude, the negotiation should not go well and we have to wait for the decision.
4, tariffs are still bearing the recent fluctuations in gold.
5, oscillate, no one-sided, do it repeatedly, and get stuck in high and low points.
Take yesterday as an example, it continued to fall and weaken in the morning, and the price continued to approach the 3300 mark, but it continued to rise from the European and American markets. If it rebounded according to the unilateral follow-up, it would be wrong.
But in terms of oscillation, whether it is a double top or a follow-up after the European session pullback, it is OK.
1, the watershed high point in the morning was 3332, the European session rebounded, the hourly line continued to be positive, and the US broke before the session.
2, the break of the European session is looking at the oscillation, the correction is 6-8 points, the US session is looking at the surge and fall, and there are two 618. One is 3375 falling and rebounding 618 position 3345. The other is rising and retreating 618 position 3318.
It has been emphasized that the oscillation is discontinuous, that is, don’t follow it. It is wrong to short the rebound if it is weak, and it is okay to retreat and go long if it is strong. This shows that the market is a strong pattern.
Today, today, the bottoming out and rebounded in the morning, unlike the previous two days, did not move forward with a weak trend and continued to fall.
In addition, when the force is exerted in the morning, the watershed is low in the morning, while the daily cross still fluctuates.
This requires a few points to be paid attention to:
1. Will the results of Sino-US trade negotiations be announced or will it affect the short-term trend of gold.
2, the bottoming out and rebounded in the morning, the watershed was 3315.
3, it is still the European session. The strength of the European session is very important. It is not enough to chase orders during oscillations, and the high and low points are very important.
4, the US market will still follow the strength of the European market.
5. The current price and pattern, plus the current rhythm, it is not recommended to intervene within the day.
6, the oscillating double top resistance level can be empty. The watershed below is 3315. If the European session turns down, the US session can be short, and the European session continues to be strong, the US session can rely on the second time to be more.
It is still rhythm, rhythm, rhythm is very important.
Observe the volatility according to the volatility. There is no unilateral continuous market yet, and wait for your own trading rhythm.
(Detailed strategy, follow member tips)
[The above only represents the author's personal views and opinions. Investment is risky, so be cautious when entering the market]
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