On Monday (April 17), the international gold price rebounded, trying to return to the new high of US22,048.52 per ounce since March 9, which was touched last week.Last Friday (April 14), gold prices fell by nearly 2%, and the weekly line finally turned down. Due to the sharp rise in the dollar, mixed economic data prompted investors to reassess the Fed's interest rate hike trajectory.But the dollar index's rebound momentum weakened at the beginning of the new week, and investors waited for the next catalyst.
Data show that core retail sales in the United States fell by 0.3% in March, but the growth in January and February made consumer spending expected to accelerate in the first quarter; households expect inflation to rise in the next 12 months; U.S. manufacturing output fell in March, but increased slightly in the first quarter.
The gold market situation may be too much, but the price will have some preliminary corrections, although due to the uncertain global economy and geopolitical tensions supporting its safe-haven status, the price is not expected to fall significantly.
Investors are waiting for the next catalyst, and the dollar index's rebound momentum has weakened in the new week.The New York Fed's manufacturing survey will be the only important data in the US economic calendar, and market participants will pay close attention to the speeches of Fed officials.
After Fed officials made tough comments on interest rate increases, the dollar rebounded from a one-year low.However, the US dollar is still an asset suitable for selling on dips, and it may fall below the support of the 100 integer mark at any time.
After the fall in gold, it will correct and rebound, and it is very likely that the V-shaped reversal will recover the lost ground in the previous decline!
The current multi-empty watershed of gold is the 1985 position, the key point, from the top to the bottom!Regarded as the resistance or support of the new round of direction of the market, it is important to stick to it and not break it. Principled trading is very important!The market is capricious, and the only constant in the way of trading is “change according to its trend, change because of its change”!Only in this way can we turn defeat into victory and turn adversity into good times!
Bullish today, relying on the 1985 area, the upper and lower are more bullish!In the short term, the market has stepped out of the stepped shock upward pattern!The pressure above is 2015. If the US market breaks through, a new band will be established and the rise will continue!
Specific strategies
Gold is more than 2008, stop loss is 2000, and take profit is 2020.
The market changes in real time, you can keep an eye on it
Data show that core retail sales in the United States fell by 0.3% in March, but the growth in January and February made consumer spending expected to accelerate in the first quarter; households expect inflation to rise in the next 12 months; U.S. manufacturing output fell in March, but increased slightly in the first quarter.
The gold market situation may be too much, but the price will have some preliminary corrections, although due to the uncertain global economy and geopolitical tensions supporting its safe-haven status, the price is not expected to fall significantly.
Investors are waiting for the next catalyst, and the dollar index's rebound momentum has weakened in the new week.The New York Fed's manufacturing survey will be the only important data in the US economic calendar, and market participants will pay close attention to the speeches of Fed officials.
After Fed officials made tough comments on interest rate increases, the dollar rebounded from a one-year low.However, the US dollar is still an asset suitable for selling on dips, and it may fall below the support of the 100 integer mark at any time.
After the fall in gold, it will correct and rebound, and it is very likely that the V-shaped reversal will recover the lost ground in the previous decline!
The current multi-empty watershed of gold is the 1985 position, the key point, from the top to the bottom!Regarded as the resistance or support of the new round of direction of the market, it is important to stick to it and not break it. Principled trading is very important!The market is capricious, and the only constant in the way of trading is “change according to its trend, change because of its change”!Only in this way can we turn defeat into victory and turn adversity into good times!
Bullish today, relying on the 1985 area, the upper and lower are more bullish!In the short term, the market has stepped out of the stepped shock upward pattern!The pressure above is 2015. If the US market breaks through, a new band will be established and the rise will continue!
Specific strategies
Gold is more than 2008, stop loss is 2000, and take profit is 2020.
The market changes in real time, you can keep an eye on it
