#XAUUSD On the evening of the 5th, is gold going to skyrocket?
I believe everyone's focus these days is on the meeting with Old Trump coming to our place. We need to start from the essence; Old Trump might not be able to carry it alone and could drag us into the mix to solve it together. However, Old Trump will never admit he's lost; otherwise, the dollar could face a serious hit. On the other hand, if the other side of the strait can't offer a reasonable proposal that meets Old Trump's demands, well, things could fall apart. If that happens, those few barrels of oil won't stay calm. So, let's not get our hopes too high regarding Old Trump's visit—he's an actor with an economic background... and his speaking skills are top-notch...
OK, that's the fundamentals. What about the technicals? Don’t forget, fundamentals outweigh technicals; right now, feel free to make bold moves. If it goes up, sell (箜), if it goes down, buy (哆). Alright, today already perfectly validated that. Also, that guy named Walsh, he has quite a big role, but he has Congress behind him, so he can't just mess around. Hence, there's no need to worry about any significant impact, alright? Be bold!
On the operations side, maintain good defense; don’t be careless—don’t pick up sesame seeds and drop watermelons before Old M releases his info tonight.
Strategy: Resistance at 4730 and around 4750; if it hits, sell (箜)!
Support at 4670 and around 4650; if it hits, buy (哆)!
This is my personal opinion and does not constitute any investment advice!