The gold rally is not over yet, stabilizing at 3400 is the key

27 août

This week, Trump once again severely undermined the independence of the Federal Reserve. He has been attacking Chairman Powell for months and now threatens to fire Fed Governor Tim Cook. His actions are all part of his quest to pressure the Fed into cutting interest rates, ultimately forcing his will and ultimately achieving a rate cut, perhaps even a larger one.

Influenced by the Fed's independence and the expectation of rate cuts, gold prices have continued to rise this week, approaching the high of 3,400 points.

I personally believe that as long as gold doesn't fall below 3,350, it's only a matter of time before it breaks above 3,400.

From the 1-hour chart, we can clearly see that gold is steadily rising, supported by the trend line. Buying on a pullback to the trend line is a good opportunity, with a take-profit and stop-loss in place, presents a significant profit opportunity.

Currently, the optimal buying range for gold is between 3,365 and 3,375 XAUUSD , with a target price of $10-20 and a stop-loss of $10.

📣If you have different opinions, please leave a message below to discuss

27 août

Transaction en cours

28 août

Trade fermée: cible de profit atteinte

In yesterday's article, I said that as long as the price didn't fall below 3350, it was only a matter of time before gold prices broke through 3400. Now, it has already broken through 3400.

Also, in yesterday's strategy, I mentioned that the optimal buying point for gold was between 3365 and 3375. Along the way, gold prices just happened to retest the 3375 level. I believe those who followed this strategy have made a lot of money. Congratulations!