Gold fell below 1900, and the decline is about to begin?
At present, gold prices are slightly lower. Because the February CPI data released overnight in the United States showed that the annual core inflation rate still far exceeded the Fed's 2% target, the dollar index stopped falling and rebounded, suppressing the rise in gold prices.It is expected that the Fed will continue to raise interest rates next week and in May, with the benchmark interest rate increasing by 25 basis points each, because the report released overnight showed that the annual core inflation rate in the United States in February was still as high as 5.5%, and concerns about the long-standing banking crisis have eased.Therefore, gold's short-term upward momentum is insufficient, and the short-term short-term recovery indicates that gold may at least partially take back the gains made in the context of systemic risk panic.
The rebound in U.S. bank stocks has cooled the market's risk aversion to a certain extent. From the perspective of gold's trend, gold has also recovered in a short period of time, but the main structure is still high and volatile. On March 14th, the daily line finally closed at a high level and a small negative line. Gold is technically already seriously overbought, but considering that the current market rise is mainly caused by the buying of risk aversion, and the short-term market risk aversion does not cool down, then gold may still continue to be consumed at a high level, and it is not easy to make significant adjustments.This kind of high volatility may consume more time, gather fundamentals, and may even extend the high volatility until the Fed's interest rate decision next week.
In the short term, it is currently hindered by the actual suppression of the 1910 mark. If the upper space needs to be further opened, then it needs to actually stabilize above the 1910 mark to have further opportunities. As for the lower defensive thinking, as long as you hold on to the rise of 1870 this week, the bulls will succeed.
In the short term, the trend of gold will still be dominated by market sentiment, and it may not be so concerned about the demand for technical trends.At present, it is difficult to predict and control the fundamentals. At present, the focus of the market is on how to deal with the bankruptcy of US banks, and this issue ultimately comes down to how to adjust the Fed's interest rate hike policy.In addition, the United States will announce retail sales and producer price indexes later in the day.Before the FOMC meeting on March 22, it will become important to observe whether U.S. retail sales data indicate any consumer downturn.
The rebound in U.S. bank stocks has cooled the market's risk aversion to a certain extent. From the perspective of gold's trend, gold has also recovered in a short period of time, but the main structure is still high and volatile. On March 14th, the daily line finally closed at a high level and a small negative line. Gold is technically already seriously overbought, but considering that the current market rise is mainly caused by the buying of risk aversion, and the short-term market risk aversion does not cool down, then gold may still continue to be consumed at a high level, and it is not easy to make significant adjustments.This kind of high volatility may consume more time, gather fundamentals, and may even extend the high volatility until the Fed's interest rate decision next week.
In the short term, the trend of gold will still be dominated by market sentiment, and it may not be so concerned about the demand for technical trends.At present, it is difficult to predict and control the fundamentals. At present, the focus of the market is on how to deal with the bankruptcy of US banks, and this issue ultimately comes down to how to adjust the Fed's interest rate hike policy.In addition, the United States will announce retail sales and producer price indexes later in the day.Before the FOMC meeting on March 22, it will become important to observe whether U.S. retail sales data indicate any consumer downturn.
Comment:
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Comment:
At present, the price of gold has rebounded to above 1910 as scheduled, and is currently trading at the 1916 line
Comment:
As I expected, the gold price will have further opportunities once it stabilizes above the 1910 position. The current gold price is at the first line of 1929.
Comment:
Gold is currently trading at the 1925 line
Trade active:
In the ultra-short term, you can choose to enter the market with multiple orders around 1917, and the profit target is around 1927
Trade active:
The ultra-short-term must have a good stop loss position, and the stop loss position is placed on the 1914 line
Trade active:
Multiple orders near gold 1917 can be held, and our profit target is placed near 1927.
Comment:
Gold is currently trading on the 1924 line
Trade active:
Adjust the stop profit target to around 1926
Trade active:
At present, the price of gold has reached above 1926, long orders near 1917, stable friends can choose to take profits in batches
Trade active:
Gold currently reaches the first line of 1934, and our multiple orders near 1917 have made a significant profit, and we can make a full profit here.
Trade closed: target reached:
Gold currently reaches the first line of 1934, and our multiple orders near 1917 have made a significant profit, and we can make a full profit here.
Comment:
Our previous long and single orders around 1917 won a big victory, reaching the 1934 line. At present, gold has fallen back to the 1910 line. Do you think there is still a chance to go long?
Comment:
Gold is currently running near the 1919 line, and still maintains a strong bullish pattern
