The U.S. Bureau of Economic Analysis (BEA) will release the revised gross domestic product (GDP) value for the fourth quarter of 2023 on Wednesday, and the market is not expected to revise the initially announced annualized growth rate of 3.3%. The January Personal Consumption Expenditures (PCE) price index will be released on Thursday. The core PCE price index is the Federal Reserve's preferred inflation indicator. Following a 0.2% increase in December, the index is expected to increase by 0.4% month-on-month in January. The market is fairly certain that the Federal Reserve will keep its policy rate unchanged at the 5.25%-5.5% range at its March policy meeting. According to CME's "Fed Watch Tool", the probability of a rate cut in May is currently 20%.
The peak rose to around 2041 last weekend, but it fell to around 2030 after the opening today. The indicators of each cycle are quite confusing. Now it is possible to rise or fall in 2030. We need to keep observing here.
There is no important data released today, and the fluctuations every Monday are very small, so we can still wait for the resistance point to sell, or the support point to buy
In the big cycle, the important resistance point is near 2055. If the short-term rise continues, selling here is a relatively safe position.
Strategy 1:
Xauusd:sell2036-2042
TP:2031-2028
SL:2045
Strategy 2:
Xauusd:buy2018-2023
TP:2028-2032
I have the above strategies for your reference. Everyone’s trading habits and funds are different. You need to choose the above strategies reasonably according to your funds and trading methods, so that you can ensure your profits.
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交易進行:
Today's direction is right
評論:
I will continue to analyze tomorrow
