Gold fluctuates in a narrow range

Jun 20, 2023

From the magnitude of the US dollar and gold, the relative rise and fall of the two has been changing; But overall, gold's decline was much smaller than the dollar's gain; That is, the dollar rose sharply and gold fell slightly; The dollar fell slightly, and gold rose sharply. This is mainly due to the unstable global political and economic situation, and the purchase of gold by major central banks to support gold bulls

For now, gold stops falling on a daily basis, and there is a possibility of rebound; The upper focus is on two positions, the first 1965 area, the second 1980~85 area, in terms of the trend, once 1965 goes up, the probability will be gradually 1980~85

Below the short-term, the bullish rebound above the 1935~1940 area is mainly bullish rebound, which determines the magnitude of the bullish rebound

Gold trading strategies:

gold:buy@1940-1943 tp1955-1960


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