Gold Technical Analysis, March 19

3月19日

✅Short-term Key price points
🔴Upper resistance level:
-First: 3036-3038
-Second: 3045-3050
-Third: 3060+
🟢Lower support level:
-First: 3023-3025
-Second: 3018-3020
-Third: 3000-3005

✅Intraday trading strategies
🔰Long strategy:
Aggressive: 3020-3022 light position to try long (low support before the game), stop loss 3015, target 3035-3045;
Steady: 3005-3018 to arrange long orders in batches, stop loss 2998, target 3040-3050;

🔰Short strategy:
When it first touches 3045-3050, try short with light position, stop loss 3055, target 3030-3020;
If it quickly rises to 3060+ after the data, you can chase the short on the right side (stop loss 3070, target 3040).

✅Band strategy
🔰Long: If it pulls back to the 2980-3000 area, you can arrange long orders in the middle line, stop loss 2950, ​​target 3100+;
🔰Short: Before confirming a drop below 2950 (trend line break), do not arrange medium and long-term short orders against the trend.

📛Risk warning
--Overbought divergence risk: Daily level RSI top divergence is initially apparent. If the price reaches a new high but the indicator is not synchronized, it is necessary to reduce the position to avoid risk.

--Before the interest rate decision: reduce the position to less than 10% to avoid excessive leverage exposure;
--After the interest rate decision: pay attention to the price breakthrough direction of the 3000-3050 range and follow the trend.

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3月19日

交易進行

Today the FOMC will announce a summary of its interest rate resolution and economic expectations, while Federal Reserve Chairman Powell will hold a monetary policy press conference.

The market expects that the current interest rate will remain unchanged with a high probability, and the focus will be on the policy statement and the guidance of the dot plot; if the dot plot suggests a delay in the rate cut cycle (hawkish signal), it may trigger a pullback in gold and a rebound in the US dollar; if Powell is worried about an economic recession or maintains the expectation of a rate cut in 2024 (dovish tendency), it may push gold prices to a record high. Be wary of increased volatility after the interest rate decision, and it is recommended to lighten positions or temporarily avoid data market conditions;