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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: Gold, continue to be more!". Hope it will be helpful to you! The original content is as follows:
Tariffs have repeatedly jumped. Even if negotiations are done, some products are still pulled out and added to the side. For example, the steel and aluminum tariffs that came into effect on June 4 increased by 50%. This is also the emphasis on the instability of tariffs in the previous two days, which is the key to the rise in gold safe-haven growth in this round. Of course, this factor will not change during the next Trump administration. Continuously, through trade restrictions, the US economy can develop.
The impact of the Russian-Ukrainian war was also intermittent. It broke out on the weekend that a large Russian airport was attacked by drones, losing at least 10 fighter jets. This war that had been fighting for two years still shows no signs of ending. There have been negotiations, but there are no signs of a ceasefire. If time continues, both economic zones will be dragged down. It seems that the GDP growth rate is higher than before the war, but the exchange market is basically in a state of collapse. When it is rebuilt after the war, you will know how much damage it is.
Good morning, you in front of the screen, the story is short, others say you are nonsense, but you are too long, it is just nonsense, trading things is just finding rules, one point of view: history will not overlap, but it will repeat itself.
Look at how many years you have used, aren’t there just so many technical points back and forth? What’s nonsense is not a change in form, but every time the price changes, your mentality changes and everything feels like it changes. Actually, it still hasn't changed.
In terms of gold, the opening in June was a king, and the single-day increase continued to remain at a volatility of US$100.
Although it is affected by the conflict between tariffs and Russia-Ukraine, the three points emphasized remain unchanged:
1. Tariff friction will not subside, it can only be a short-term correction, which will not affect the long-term positive gold foundation.
2. In the rhythm of a bull market, it is easy to rise but difficult to fall. It is always difficult to fall. It is easy to rise. In this case,We must constantly adjust low-income instead of preventing retracement. It is easy to get up, potential bulls.
3. Yesterday, I emphasized the rising rhythm of last year. I was criticized and said it was okay. Trading is just about finding connections. Just like Buddhism, those who believe in it have it, those who don’t believe in it have it, and those who don’t have it have no meaning. It’s meaningless to force it.
Especially, the monthly cross in May will either continue to rise during the upward trend or turn sideways to negative, which will give you the opportunity to continue to increase gold.
When rising, single negative correction is often the best starting point.
Of course, this also requires attention to one point of view: cycles.
K-lines with too small periods have poor stability and too large periods, which are difficult to wait.
As for the daily line, the short-term beginning may not necessarily allow gold to continue to enter a bull market in June, but it can change the thinking: it is easy to rise but difficult to fall, and there is less shortage and more!
When retracement, pay more attention to the bulls entering the market, and when retracement, try to participate in the decline of the bears as little as possible.
And yesterday's trend can be said to be a short-pressure market. We have made efforts to break through the previous day's high in the morning. We have always said that this point is a watershed. When the price breaks the previous day's high in the day, remember not to be short. At the same time, you should pay attention to: the afternoon retracement is long!
This point has been emphasized recently:
1, the European session is relatively repetitive.
2. It is easy to do in the morning, and the European session is not stable enough. The US session relies on the European session to enter the market.
The pattern of short squeeze is that there is no retracement, if you don’t chase long, there will be no chance, short will definitely die, and you will rise strongly all the way.
Today, the market closed strongly, with a high rise and a fall in the morning, and the price broke the morning rise point.
This does not consider whether the rise can continue today or the issue of washing and pulling back. It emphasizes that the strategy should be corrected after June, mainly low-cost. If the general direction is set, just follow it.
So look at the second continuation of yesterday's rise, which is to wait for the low long, but the previous day's rise and the second day's long, emphasizing the next mantra position:
1, the low point corrected in the early morning.
2, the bottom of the hourly line big positive line - none.
3, Golden Section 382 position, due to the large fluctuation, this position is too far away.
This can be considered two positions: the corrected low point in the ascending, double bottom 3345, the top-bottom conversion and 236 correction positions overlap near 3363.
Today, rely on these two positions to layout.
The strength of the European session should also be considered, but the difference is that even if the European session is weak, it will not be easy to take a rebound. In addition, if you rise, don’t look at too many retracements. The more you retreat, the smaller the momentum of the rise will be, and the less likely you will be to be strong later.
【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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