The gold trend line breaks and follows suit! The watershed determines strength!
In terms of fundamentals:
1: After the collapse of the Syrian government, Syria is now in a mess, which is also a turning point. The Middle East war has not ended for the time being, which is also the reason why the safe haven funds have not left the scene;
2: The Russo Ukrainian war and negotiations are far away;
3: Expectations of Federal Reserve interest rate cuts; At present, the gold price is rising, but the opening position near 2720, followed by the pressure position at 2790, is still there. It cannot be ruled out that the current rise in gold price is a space preparation for the negative impact of interest rate cuts;
4: In the technology trend chart, the main trend this year is upward, and the high point for the year is likely to be at 2790;
In the technical trend chart:
1: During the 4-hour period, the trend line temporarily breaks upward and is dominated by multiple signals; Gear line support and top bottom conversion support 2675 up and down positions; Random indicator with golden cross up, slow bull up running, main multiple signals; Suggest choosing the strategy of buying long at low prices; The short-term support level for the day is 2680-2675;
2: During the day of K, the random indicator crosses upwards, indicating multiple signals; In terms of form, the bullish candlestick is rising, indicating a bullish signal and also marking the third peak trend; This summit is quite crucial; Cannot break through, it will continue to decline in the future; The pressure position of BOLL is around 2720, which is also the position of the previous downtrend;
Overall, the pressure level today is around 2720; The support position is around 2675, and the overall treatment is based on this interval. Within this interval, a low suction and high throwing approach is adopted;
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