OANDA:XAUUSD   Gold Spot / U.S. Dollar
1. The core contradiction is still short-term inflation expectations
2. Do not rule out a shift in the Fed's center of gravity
3. The main logic is short and unchanged
4. Short-term longs

In terms of price trend, gold has rebounded significantly after the interest rate decision, and the structure has completed the five-wave structure. The current stage is in a relatively stable stage, and the time period from the next interest rate decision is relatively long. Overall, it remains to do economic work. recession expectations. That is to say, the main logic follows the logic of killing demand and reducing inflation.

On the technical chart, gold shows an obvious bullish structure (rebound), with the key risk price below. The second-level risk price is 1734, and the first-level risk price is 1711.
1. If the strategy of the first-level risk is used, in principle, the position of the second-level risk price needs to be destroyed. That is to say, the risk control is mainly based on the first-level risk. Waiting.
2. If the price of the secondary risk is not destroyed and continues to move upward, the structure will continue and wait for the derivation of the risk price of the D structure.
3. If the first-level risk structure is destroyed, go short after the entry price.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.