Colin_analyze

GOLD-analyze

Short
Colin_analyze Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar

U.S. retail sales rose more than expected in March as online retailers' revenue surged, providing further evidence that the economy ended the first quarter on solid growth. The report from the U.S. Commerce Department on Monday, combined with data earlier this month on strong job growth in March and a pickup in consumer inflation, have heightened expectations that the Federal Reserve may delay a rate cut until September. In terms of the geopolitical situation, top Israeli military officials said on Monday that Israel would respond to Iran's weekend missile and drone attacks. Netanyahu convened a war cabinet meeting for the second time in less than 24 hours to weigh how to respond. Iran's first direct attack on Israel. Today we need to pay attention to the March new housing starts, building permits and industrial production data released by the US market.

As can see from the chart, gold fell rapidly from 2431 last week. Gold made some repairs yesterday, but it failed to break through important resistance points.

I give the above resistance points, you can sell
2380-2385,2400-2405

The market changes rapidly, and you need to pay attention at all times and control your positions reasonably.

By following me in trading, you can increase your success rate, reduce losses and increase profits.
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