There is information to focus on this week. First, the US and British troops launched air strikes against Houthi armed targets in Yemen in retaliation for attacking merchant ships departing from the Red Sea. Tensions in the Middle East have intensified, stimulating geopolitical instability and also raising prices for gold. The possibility of rising. Second, last week’s PPI data was lower than expected, supporting the Federal Reserve’s dovish policy. However, Thursday’s consumer inflation data was higher than expected. Therefore, U.S. consumer price inflation in December was still high, making it more certain to cut interest rates ahead of schedule. possibility, pay attention to the conditions for effective interest rate cuts in March. The market will focus on Wednesday, U.S. retail sales on Wednesday, weekly jobless claims, U.S. housing starts, Philadelphia Fed survey on Thursday, preliminary University of Michigan consumer confidence data on Friday, existing home sales, among which the Federal Reserve will be released at midnight on Thursday The Beige Book of Economic Conditions was released, the European Central Bank released the minutes of its December monetary policy meeting, and Draghi's speech.
The highest point of gold last week was 2062, and then fell to 2041-2042. It can be judged that 2041-2042 has strong support, and the current range is 2041/2042-2062
If it breaks through 2062, we can see that gold may rise again to around 2079
Today is Martin Day in the United States. The U.S. market is closed early. The possibility of breaking through 2062 today is not very high. Therefore, we still focus on buying.
Strategy 1:
Xauusd:buy2045-2048
TP:2053-2055
Strategy 2:
Xauusd:buy2041-2045
TP:2050-2053-2055
You can choose the appropriate trading strategy based on your funds
I will continue to observe and analyze, join me
Trade active:
The highest reached 2058.6. My order was not triggered. If you hold a sell order, you can reduce your position now.
Comment:
The strategy is correct
Comment:
Today's fluctuations will not be too big. Everyone can have a good rest. I will continue to analyze tomorrow.
Xauusd:sell2059-2062
TP:2055-2050
SL:2064