I'm having a hard time understanding the current market; it's too confusing! I'm choosing to take a break for now.


According to the agreements from the US-Iran-Switzerland negotiations, the implementation should boost risk market sentiment, but in reality, oil prices have fallen—specifically the gains from a couple of days ago. Gold and other negatively correlated assets haven't shown a good upward move either; they're still sluggish.
This reflects that the sentiment boost isn't very strong; it only shows a short-term weak rebound!

By Thursday this week, there seems to be little macroeconomic basis left for judgment, so we can only rely on technical analysis.

This week's key events are on Thursday and Friday!
Notably, the PCE inflation data, Micron's Q3 earnings call, and the speeches from three Federal Reserve voting members on Friday!
After Wosh's debut, the speeches from the three voting members are worth paying attention to, as they might reveal some signals to the market.

The US-Iran-Switzerland negotiations are ongoing and won't be as relevant as before!
I'm taking a break now; I don't have any new insights to share. Let's play it by technicals—support and resistance levels are pretty straightforward. #美伊谈判第一轮结束
XAUUSD1.30%
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GateUser-6da8ed4c
· 5h ago
Thursday’s PCE + Friday’s Fed speech: the real highlight is only in the second half of this week—so it’s also fine to take it easy earlier.
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ReminderOfWavesCrashingAgainst
· 5h ago
Indeed, when the fundamental news and technical aspects are at odds, waiting and observing is actually the best solution.
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ThePatienceRequiredFor
· 5h ago
The fact that gold hasn't moved indicates that funds also don't believe in this 'positive news'; emotional recovery is much weaker than expected.
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FarmingNoSleep
· 5h ago
Take a break. Trading aggressively in this kind of market can easily backfire; wait until Thursday's data is released before taking action.
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GateUser-7919e6b9
· 5h ago
Technical traders are ecstatic, finally no need to guess macroeconomics; drawing lines is more reliable than guessing politicians.
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StopRaisingGasFees.
· 5h ago
The ongoing negotiations between the U.S. and Iran have long since desensitized the market; unless there's a black swan event, it's just noise.
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