Everyone has their own value in life, not necessarily similar to others. When you are not good enough in a certain aspect, it does not mean that you are worse than others, because from another perspective, others may not be better than you. There is no standard answer to happiness, and there is more than one path to happiness. The day you like is the best day. The way you live is the best way to live. Don't neglect to cherish the present, take the most solid step now, and the road ahead will be brighter.
The Fed paused rate hikes in June as expected, and almost all Fed officials believe "further" rate hikes in 2023 are appropriate to bring inflation down. Powell emphasized that it is necessary to raise interest rates twice this year, and it is believed that there will be more interest rate hikes, and the possibility of taking actions in consecutive meetings is not ruled out. The current focus of the market is the Federal Reserve policy meeting on Thursday. Markets expect the Fed to raise interest rates by 25 basis points. The hike at the July meeting is expected to be the last of the Fed's current tightening cycle.
Gold has fallen all the way since peaking around 2080 and has successfully ushered in a correction phase. The lowest drop to 1893 points was supported, and it tested the 1900 point mark several times and rebounded. The bulls ushered in a surge. At first, they oscillated back and forth around the 1963-1950 range, eventually successfully breaking above the 1963 range top. The bulls accelerated to around 1985, and the gains were particularly dramatic. However, I have repeatedly emphasized the importance of the watershed in 1985, and also made it clear that this wave of rise is expected to end around 1985. I believe friends who follow me will understand. Now under pressure as scheduled, it was blocked and fell back in 1985, and the lowest has fallen to around 1952. Its trend is completely in line with my expectations, and it is clear at a glance by looking at the trend analysis chart.
Although the gold bulls have been strong recently, I have always made it clear that around 1985 is the key watershed, and it is also the top of the previous 1940-1985 shock range, or the 50% position of the 2078-1983 Fibonacci retracement. The Air Force is expected to launch a counterattack here. Moreover, judging from the overall trend of the daily line, it is still empty. In addition, the high monthly line has formed a bearish pattern, which means that there should be ups and downs in July. At present, gold has fallen to around 1960, and a long-short tug-of-war has begun. Long-short competition is extremely fierce, without a clear direction and rhythm. However, the air force above was under obvious pressure. This week is the Fed's interest rate hike day, and the market focuses on waiting for the results of the rate hike, so gold is expected to continue to fall. Today's first focus is on the pressure around 1965, followed by the pressure around 1972, and the next focus is on the 1950 watershed.
7.25 gold strategy: 1--1964 near empty, stop loss 1972, target 1956-1951
2--more around 1951, stop loss 1945, target 1958-1963
The trend is still floating within my analysis, hello traders, please continue to pay attention to my analysis, I wish you a happy life
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