Analysis of today's gold trading

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The fundamental news of the debt ceiling is still the key. It is worth noting that if the dollar rises due to the approaching deadline of the US debt ceiling, gold may experience a deeper pullback. If the debt ceiling is resolved, then gold will keep rising.

From a technical point of view, gold is still short in the short term. 1950 below gold has become the most critical position to open up the downside space. Once it breaks, gold will continue to test the vicinity of 1940-1930-1900, effectively breaking below 1900, and gold will make up for the 1868 gap. Direction

However, if gold maintains above 1950, it may regain support, and it may continue to test the possibility of 1984-1990-1996, effectively standing above 1996, and gold may test the vicinity of 2002 US dollars. At the same time, 2002 is also a key resistance level. Only a breakthrough can see the 2012-2022 area, but at present, gold does not have that much momentum in the short term.

Trading advice: Go short in a high position and go long in a low position

Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
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The market always creates a feeling of shock for you, making you feel that it is a shock and then a breakthrough, and sometimes it creates a feeling that you want to break through, and then continue to oscillate. Don't be confused by what you are in front of you. It is sometimes more useful to firmly believe in your own ideas.
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