Colin_analyze

GOLD-analyze

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

The dollar continued to rise, reaching its highest level in more than four months, hitting as high as 105.07 on Monday, its highest level since November 15, making gold more expensive for holders of other currencies, while the 10-year U.S. Treasury yield also rose. The U.S. economic data is relatively stronger than that of other developed economies, and after the U.S. ISM manufacturing PMI data was released in March, market expectations for the Federal Reserve to cut interest rates in June weakened again. On Tuesday, you need to pay attention to the monthly rate of U.S. factory orders and U.S. JOLTs job vacancies in February. Pay attention to the speeches of New York Fed President Williams, Cleveland Fed President Mester, and San Francisco Fed President Daly. Pay attention to changes in the market's expectations for the Federal Reserve to cut interest rates. Performance of the U.S. Dollar and U.S. Treasury Yields

Yesterday, gold began to fall sharply at a high of 2265, reaching a minimum of 2228. Under the upward trend, gold is now back near 2255 again

So currently we can see that 2228-2234 is the first support range, 2220-2222 is the strong and weak support range, and the small shock range is 2265-2228

I think you can choose to sell above 2260, SL: 2267, or wait for the first support range and the strong and weak support range to buy

Reasonably control your positions and carry out small lots, so that your success rate will be greatly increased.

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