At the beginning of the Asian market on Thursday (March 14), gold fluctuated within a narrow range and is currently around $2,173.95 per ounce. Gold prices rose 0.75% on Wednesday to close at $2,174.15 an ounce, boosted by a weaker U.S. dollar as investors held out hope for a rate cut by the Federal Reserve in June despite sizzling U.S. inflation data, while escalating geopolitical tensions boosted safe-haven demand for gold. constant.
Gold prices found temporary support near $2,170 an ounce after falling sharply from a record high of $2,195 an ounce. "The current situation for gold bulls is a win-win, if the Fed cuts rates, gold prices will rise sharply, and if they don't, inflation concerns may push gold prices higher." Today's rise in gold indicates bargain hunting. At the same time, "the market has integrated the Russia-Ukraine crisis and the Palestinian-Israeli conflict into prices, and has been doing so for some time. Escalations or new developments will further support gold prices, which is important for paying attention to geopolitical risks."
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Technical analysis:
Combined with BOLL observation. The K-line trends at the hourly level, four-hour level, and 24-hour level are all upward trends. And they are all within the ascending channel. So buying at low prices is still a good choice.
Personal suggestion: XAUUSD:2069-2072 buy .SL2060 .TP2085
Important note: It will be announced in 9 hours (the number of people filing for unemployment benefits in the United States in the week ending March 9 (in 10,000 people)
U.S. February retail sales monthly rate
U.S. February PPI annual rate
The impact of the U.S. PPI monthly rate in February).
GOLD1!
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Highlights from yesterday.
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Personal operation is for reference only. If followed copy signal. Remember to continue to follow the author
Trade active:
The price has now reached within the range. I have completed the purchase
Trade active:
Gold has come to the best time to buy.
Trade active:
Opportunities are still many
