It's time for the short-term shock of gold to end!
Starting tomorrow, the market will usher in a series of data. The foreign exchange and gold market is destined to be extraordinary, and after fluctuating for so long, it is time to get rid of the shackles of the range and follow the trend.
The upward trend of the daily line is still relatively complete at present, and there is no continuous decline. Since the rise of 1616, the Fed has slowed down interest rate hikes first, and the price rose to 1959, and stepped back to 1808 to usher in the second wave of rise , even with the help of the U.S. debt ceiling, it directly rose to the high price of 2079. Now it is stepping back to 1932, returning to this upward trend again, and starting a two-week shock. If it further recovers 1985 and breaks this range, gold It is destined to usher in the third wave of rise. On the contrary, if the bottom falls below 1932, then it will face 1865.
Therefore, as long as the Federal Reserve suspends raising interest rates this week and U.S. inflation slows down again, the technical aspect will also be supported, and the third wave of rising prices will not be far away. However, it is still in shock in the short term. Let’s first look at the range from 1985 to 1938.
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