GOLD-Analysis for this week and today

已更新

Focus on this week
On Monday, the annualized total of U.S. new home sales in February, the Dallas Fed business activity index, and a speech by Fed Governor Lisa Cook

On Tuesday, the monthly rate of the U.S. house price index, the annual rate of the house price index of 20 major cities, the Conference Board consumer confidence index, and the Richmond Fed manufacturing index

On Wednesday, U.S. API crude oil inventories, EIA crude oil inventories

On Thursday, Fed Governor Waller spoke, the number of initial jobless claims in the United States for the week, the core PCE quarterly rate in the fourth quarter of the United States, the final annualized quarterly rate of GDP, the final quarterly rate of personal consumption expenditures, Chicago PMI in March, University of Michigan Final value of consumer confidence index, March-year inflation rate expectations, U.S. existing home contracted sales index monthly rate in February

Friday, US February PCE data, February personal spending monthly rate, Fed Chairman Powell’s speech

Markets in most European and American countries will be closed this Friday (March 29) due to Good Friday and Easter.

The terrorist incident in Russia over the weekend caused gold to reach around 2178 today. Since the Federal Reserve announced its interest rate decision last week and before the Federal Reserve speculates on whether to cut interest rates in the next cycle, the market has digested the bullish sentiment in gold. 2222 may be the highest target for this wave of gold rises. , therefore, it is very likely that it will fluctuate at a high level from April to June, or it will fall unilaterally.

Since gold fell from 2222 to 2156, this wave of gold decline has room for 66 US dollars. Now it can be confirmed that gold is no longer in a very strong state since last week. It is unlikely to continue to rise unilaterally, but there is no direct decline at present. , this week we need to pay attention to whether the 2145 top-bottom transition point will fall below

Today we are still trading within the range. The large range is still 2156-2185, and the small range is 2162-2180. If we cannot break through 2200, 2195 is also a strong resistance point.

The above range is for your reference. You can buy low and sell high in the above range, reasonably control the position, set SL, and focus on the strength of the 2145 support point and the 2195 resistance point.

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交易進行

Today's judgment is correct again, as long as you buy at the bottom of the range, there is also a good profit today

註釋

The resistance at 2180 is still very strong