The report showed that the final demand producer price index (PPI) rose 0.6% in February after rising 0.3% in January. Economists had predicted that PPI would increase by 0.3%. Commodity prices jumped 1.2%, accounting for nearly two-thirds of the rise in PPI. Initial jobless claims data showed a decrease of 1,000 to a seasonally adjusted 209,000. This series of data has heightened people's concerns about a resurgence of inflation. Higher-than-expected inflation has increased the pressure on the Federal Reserve to maintain high interest rates. The US dollar has risen significantly, and gold has some room to fall. There will be more data in the U.S. market on Friday, focusing on the New York Fed manufacturing index in March, the monthly import price index in February, the monthly industrial output rate in February, the one-year inflation rate expectation in March, Michigan in March Initial value of university consumer confidence index
Gold has not fallen below the key support point of 2150, nor has it broken through a new high, indicating that it is now in a high level of shock. It is expected that it should also fluctuate within the range today, focusing on the 2150-2183 range.
Support range: 2148-2152
Resistance range: 2172-2175, 2178-2183
The above range is for your reference. You can trade within the above range.
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Trade active:
If you started selling at resistance 2172, you would have made a good profit now
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As long as you follow my strategy, you have a great chance of making a profit
Trade active:
Today is just as I thought, there was no particularly big fluctuation, it was oscillating within the range.
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Have a happy weekend, I will continue to share next week, please check for my releases in time
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