On Thursday (September 19), gold prices rose after the Federal Reserve cut interest rates by 50 basis points, kicking off an easing cycle.
Traders ignored the rise in Treasury yields, which move inversely to gold, which is still heading toward the $2,600 level.
Spot gold was trading at $2,586.76 an ounce, up 1.07%.
Operation suggestion: The gold daily line gave the lowest to the 2550.5 position after the market oscillation, to the highest daily line reached the position of 2594.7 after the market high range oscillation, the daily line finally closed in the 2586.7 position after the market with an equal length of the sun line, and after the end of such a form, today is technically bullish demand, on the point.
Trading strategy: short near 2595, stop loss 2601, target 2580-2568.
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