As the war confrontation weakened, the impact of gold changed from the impact of war to the impact of interest rates.
The FOMC did not discuss a rate cut. At present, economic inflation in the United States is still too high, and the data seems to be moving towards 3% rather than 2%. Therefore, Fed Governor Bowman also said that further interest rate increases are still expected.
The current fundamental news released does not seem to be conducive to the rise of gold, but bull investors do not need to panic too much. The extent to which the fundamentals affect the market depends on the intensity of digestion.
From a technical perspective, yesterday gold fell from 1978 to 1955 and then returned to around 1970. We can observe the buying and selling candles of 1970 and give an operating range:
sell:1972-1974 tp1962-1958
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If gold falls to the support line near 1955, we can consider buying it