XAUUSD:7/11 Today's Market Analysis and Strategy

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Gold technical analysis
Daily resistance is 2700, support below is 2600
Four-hour resistance is 2678, support below is 2638


Gold operation advice: Affected by the U.S. election, short sellers experienced a unilateral decline. Before the U.S. market, the decline accelerated and broke through the 2700 integer mark and continued to decline to a weak close near 2652. After the overall gold price formed a short-term top platform area above 2730, it ushered in Short selling chips fell.

From the 4-hour market trend, gold pays attention to the suppression of 2678 above and the support of 2638 below. The operation is mainly short-selling after rebound. At the same time, the weekly level support is near 2638!

BUY:2738near SL:2735
SELL:2678near SL:2681

The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Transaction en cours
Today is expected to rise first and then fall
Trade fermée manuellement
The market is closely watching the interest rate decision that the Federal Reserve will release today. CME FedWatch Tool shows that the Federal Reserve has a 98.1% probability of a 25 basis point rate cut, which may slightly relieve the pressure on gold in the short term. Gold has broken through the 1H/4H resistance and is likely to return to 2700. There is still room for growth after the interest rate decision is released.

However, the scale and sustainability of the rate cut are still full of uncertainty. If Trump's fiscal stimulus and tariff policies push up inflation, the Federal Reserve may be forced to slow down the pace of monetary easing and maintain the strength of the US dollar. The current goal of the Federal Reserve is to strike a balance between inflation management and economic support, and Trump's policy direction makes this balance more challenging.

There are still 4 hours until the news release
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