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Don't worry, the tariff easing has just begun!
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: Don't worry, tariff easing has just begun!". Hope it will be helpful to you! The original content is as follows:
I found a neutral place to negotiate, and the result was very good!
In 90 days, China lowered U.S. tariffs to 10%, and the United States lowered Chinese tariffs to 30%.
But when the tariff stick is swung, it is just a transition period. I am always afraid that the new tariff policy will be implemented, and the sentiment of risk aversion will decline at this moment, but in the end, the hanging sword has always been worried.
If there is one and two, there will be three and four. The most active negotiations with Japan are the ones. As a result, Britain and the United States are the first to reach an agreement and the most powerful confrontation with China. As a result, the second one is reached. Next, the United States, Japan, Europe and the United States, Canada and the United States will follow.
As soon as the result of the peace talks came out, gold fell by $70. This is based on the news, and the positive news is all negative.
Next, don’t think that the news is still bulls after it is released. As I just said, neither the United States, Japan, Europe, the United States, nor the United States nor Canada reached an agreement, and this result will be reached in these two days.
Follow the pace of the news and a negative news xmmarkets.cnes out. Gold in the short term will face such problems.
Good morning, you are in front of the screen. If you take the bonus of news, you have to worry about the decline of the tide. After all, short-term stimulation is not the root of the original growth. After pulling the seedlings to encourage growth, you have to take it slowly. The news falls back and the technical trend can keep up, but the strength of the trend remains unchanged, but it only requires a correction process.
In terms of gold, yesterday emphasized that the easing of tariffs has prompted the price of gold to fall.
When gold rose, the tariff stick rose by 100 US dollars with a wave of the stick. It was emphasized at that time that the tide would have to be eased if the tariffs receded.
China and the United States issued a statement at the same time in the morning, and the peace talks were good and the results will be announced at the same time later.
At 3 pm, China and the United States also announced tariff retractions.When returning to the gold market, the lag was about 20 minutes behind.
If you seize the opportunity of news when it rises, and don’t care about news when it falls, it is indeed not a problem with the market.
At least two points after the announcement:
1, gold will fall negatively.
2, don’t touch it when it’s falling.
Yesterday, the double bottom position reached 3223 and rebounded, and the double bottom line of 3203 did not reach it.
When dealing with news trends, it mainly depends on whether your nose is effective and whether you can smell this opportunity.
When the European session fell, the US rebounded before the session, the US session would definitely be short again. This is often mentioned in the mantra. In addition, tariffs are eased and the market risk aversion sentiment has also decreased, which is negative gold.
1, the intraday decline rebounded at 382 positions at 3240-41, which was a second short order, but unfortunately the market did not go extremely weak and continued to fall below the bottom, but fluctuated.
This is actually the same as Friday, when the US market fell intraday, but it was still part of the cycle.
2. The second drawdown in the early morning is also a bottom-down rebound, but no matter what, short will make a profit.
3. Yesterday morning, the market fell and rebounded for a second time. It just relied on a short 3280. This is a process that you want to break the bottom and pull back. Don’t be at a too high position. You must pay attention to the watershed.
Today, when it xmmarkets.cnes to rebound in the morning, pay attention to a few points:
1, the watershed, 3208 below, whether it can continue to decline, or whether it can break the bottom within the day.
2. Keep a close eye on the news, both Sino-US peace talks can be reached, and the United States and Japan, Europe and the United States will soon follow, which is also a negative gold.
3, rebounded in the morning, and the current situation is short, with 382 positions at 3240-41, and the small double top resistance at 3248 in the early morning yesterday morning were all empty.
4. The strength of the European session is very important. The European session is weak. It continues to bearish today. The European session rebounds and fluctuations are still short.
5. There are no more points at present, so you can only empty first and break the bottom and pull back to empty second time.
6, the double bottom support 3200 line is still the key support today. After falling below the first point 3195-7 line, it can be a small longer time.
The market dominated by tariff news puts the news first.
The rhythm is rising, the European session is still weak, and the US session is more likely to fluctuate.
[The above only represents the author's personal views and opinions. Investment is risky, so be cautious when entering the market]
The above content is about "[XM Foreign Exchange Market Review]: Don't worry, tariff easing has just begun!", which was carefully xmmarkets.cnpiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your transactions! Thanks for the support!
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