Today's operational recommendations:
XAUUSD mainly in the stage of consolidation today. Without the fundamental of support, there will be not much fluctuation, so it is recommended to observe 1422,1417 support level ,and wait for the opportunities regarding long positions.
Fundamental analysis:
1.Britain announces new British prime minister
2.EUR European Central Bank Rate Decision
3.USD Revisions: National Income and Accounts (GDP)
4.The global economy is weak, the central banks cut interest rates, there is no reason to hold the currency
First of all, we can recall that when US President Trump or French President Mark Long took the position, the gold fluctuations were particularly large and they all rose. Then the European Central Bank's interest rate decision on Thursday also has a high probability of bullish gold and silver, because the dominoist atmosphere of the European Central Bank has been very strong recently, and the economic prospects of the euro zone have not improved. If the economic outlook does not improve, he is prepared to increase the stimulus and may cut 10 basis points to a historical low of -0.5% in September. Of course, the most important point is that every country is currently loosening the currency and stimulating the economy. Therefore, it is not a good time for investors to buy currency, so the target will transfer precious metals.
you can first test 1422 points in the small position, then rebound in the 1417 layout, and the stop loss is judged by the fundamentals.
entry point: at around 1417, with a take-profit of 1434, and a stop-loss can be based on confidence in the later gold trend.
*Pay attention to 1422 points. If it does not fall, you can consider the small warehouse layout increase.
Note that this is the best to enter the market with small lot size, if the price fall below, you can consider a long position at a low price. Note: The above analysis is personal opinion and for reference only.
XAUUSD mainly in the stage of consolidation today. Without the fundamental of support, there will be not much fluctuation, so it is recommended to observe 1422,1417 support level ,and wait for the opportunities regarding long positions.
Fundamental analysis:
1.Britain announces new British prime minister
2.EUR European Central Bank Rate Decision
3.USD Revisions: National Income and Accounts (GDP)
4.The global economy is weak, the central banks cut interest rates, there is no reason to hold the currency
First of all, we can recall that when US President Trump or French President Mark Long took the position, the gold fluctuations were particularly large and they all rose. Then the European Central Bank's interest rate decision on Thursday also has a high probability of bullish gold and silver, because the dominoist atmosphere of the European Central Bank has been very strong recently, and the economic prospects of the euro zone have not improved. If the economic outlook does not improve, he is prepared to increase the stimulus and may cut 10 basis points to a historical low of -0.5% in September. Of course, the most important point is that every country is currently loosening the currency and stimulating the economy. Therefore, it is not a good time for investors to buy currency, so the target will transfer precious metals.
you can first test 1422 points in the small position, then rebound in the 1417 layout, and the stop loss is judged by the fundamentals.
entry point: at around 1417, with a take-profit of 1434, and a stop-loss can be based on confidence in the later gold trend.
*Pay attention to 1422 points. If it does not fall, you can consider the small warehouse layout increase.
Note that this is the best to enter the market with small lot size, if the price fall below, you can consider a long position at a low price. Note: The above analysis is personal opinion and for reference only.