Today, gold weakened slightly, and there were ups and downs in the market. Fortunately, we caught a wave of rebound and gained a lot.Currently trading near 1982, because data show that US inflation is still high, the market expects the Fed to raise interest rates by 25 basis points this week, and the expectation of additional interest rate increases in June has also increased.
This provides support for the dollar and puts pressure on gold prices.However, the market's response to the US banking turmoil crisis and the debt ceiling crisis still provide support for gold prices, and the gold price tends to operate in a volatile manner in the future.Although there is a high probability that the Fed will raise interest rates by 25 basis points this week, the market still has a certain wait-and-see attitude towards Fed Chairman Powell's hawkish attitude. In addition, this week will also usher in the US ISM non-manufacturing PMI data and the US non-farm payrolls report for April. Before the data is released, it is expected that most investors will choose to wait and see, which may also limit the trading space of gold prices.This trading day will usher in the release of the US ISM manufacturing PMI data for April on this trading day. The market expectation is 46.6, which is slightly better than the previous value, but it is still far below the prosperity and dry line below 50, and the overall trend is slightly more favorable for gold prices.
At the beginning of the week, the price of gold opened low and moved low, and stopped falling in the short-term after a tentative hour. It is now trading at 1981.5 .We need to clarify the structural level of the gold trend. In the mid-term, the price will fall, and the support nodes are expected to be on the 1940 and 1915 lines; in the long-term, the bottom will rebound, and the resistance will first look at the 2030-2075 position, and there will be more room for upward breakthroughs. At that time, there is hope to reach the 2165 line of the upper rail of the annual cycle.In terms of short-term trading, gold prices are under pressure from the weekly MA5 moving average of 1993, and the lower MA10 moving average is supported at 1962. The trading range at the beginning of the week has been basically determined.The three-track indicator line of the upper Bollinger band on the daily chart tends to develop downward. The upper track is under pressure on the first line of 2022, the lower track extends down to 1966, and the middle track moves down to the vicinity of 1994. In line with the SAR parabola steering indicator, the short-selling volume continues, the MACD volume can be weakened, and the overall structure of the daily trend is biased towards the air.
On the 4-hour intraday, the price of gold fell back to the consolidation below the middle Bollinger band 1990, and the key MA60 moving average was suppressed at 1992. The 4-hour period parabolic indicator simultaneously gave a downward signal. If the market breaks below the 1977 line, the gold trend will further test the support of 1960.The MACD dead fork on the indicator in the attached picture, the green energy bar releases downward, the KDJ stochastic indicator is dead fork, and the RSI strength index is seriously above the value of 80. As time advances, there is a good chance that it will turn downward.
Today's gold is very delicate. There is pressure on the top and support on the bottom, so don't be too aggressive in operation. You must know that we have already caught more than 20 points today, and we have enough capital to deal with it.
Golden strategy: Go long near 1977 below, break the 1970 stop loss, the target looks at 1983-1990-2004
The market changes from time to time, and any changes will be notified in the channel below as soon as possible, so that everyone can get the news in time.
This provides support for the dollar and puts pressure on gold prices.However, the market's response to the US banking turmoil crisis and the debt ceiling crisis still provide support for gold prices, and the gold price tends to operate in a volatile manner in the future.Although there is a high probability that the Fed will raise interest rates by 25 basis points this week, the market still has a certain wait-and-see attitude towards Fed Chairman Powell's hawkish attitude. In addition, this week will also usher in the US ISM non-manufacturing PMI data and the US non-farm payrolls report for April. Before the data is released, it is expected that most investors will choose to wait and see, which may also limit the trading space of gold prices.This trading day will usher in the release of the US ISM manufacturing PMI data for April on this trading day. The market expectation is 46.6, which is slightly better than the previous value, but it is still far below the prosperity and dry line below 50, and the overall trend is slightly more favorable for gold prices.
At the beginning of the week, the price of gold opened low and moved low, and stopped falling in the short-term after a tentative hour. It is now trading at 1981.5 .We need to clarify the structural level of the gold trend. In the mid-term, the price will fall, and the support nodes are expected to be on the 1940 and 1915 lines; in the long-term, the bottom will rebound, and the resistance will first look at the 2030-2075 position, and there will be more room for upward breakthroughs. At that time, there is hope to reach the 2165 line of the upper rail of the annual cycle.In terms of short-term trading, gold prices are under pressure from the weekly MA5 moving average of 1993, and the lower MA10 moving average is supported at 1962. The trading range at the beginning of the week has been basically determined.The three-track indicator line of the upper Bollinger band on the daily chart tends to develop downward. The upper track is under pressure on the first line of 2022, the lower track extends down to 1966, and the middle track moves down to the vicinity of 1994. In line with the SAR parabola steering indicator, the short-selling volume continues, the MACD volume can be weakened, and the overall structure of the daily trend is biased towards the air.
On the 4-hour intraday, the price of gold fell back to the consolidation below the middle Bollinger band 1990, and the key MA60 moving average was suppressed at 1992. The 4-hour period parabolic indicator simultaneously gave a downward signal. If the market breaks below the 1977 line, the gold trend will further test the support of 1960.The MACD dead fork on the indicator in the attached picture, the green energy bar releases downward, the KDJ stochastic indicator is dead fork, and the RSI strength index is seriously above the value of 80. As time advances, there is a good chance that it will turn downward.
Today's gold is very delicate. There is pressure on the top and support on the bottom, so don't be too aggressive in operation. You must know that we have already caught more than 20 points today, and we have enough capital to deal with it.
Golden strategy: Go long near 1977 below, break the 1970 stop loss, the target looks at 1983-1990-2004
The market changes from time to time, and any changes will be notified in the channel below as soon as possible, so that everyone can get the news in time.
Trade active
Trade active
Trade active:
1990
Trade active
Trade closed: target reached
