The Fed will release minutes from its April 30-May 1 meeting on Wednesday, which may reflect more concerns about higher-than-expected inflation in the first quarter, as the meeting was held before the release of last week's consumer price inflation report. The Fed said at the meeting that it still prefers to eventually lower borrowing costs, but acknowledged that disappointing inflation data may delay rate cuts for a while. The minutes may also provide more details on the Fed's plans to slow the reduction of its balance sheet. It is worth mentioning that geopolitical concerns seem to have eased, with Israel reportedly reportedly reaching an agreement with the United States to shelve plans for a large-scale offensive against Rafah. But investors still need to pay attention to news related to the geopolitical situation.
The highest reached around 2450 on Monday and fluctuated between 2433-2416 on Tuesday. Although it is not certain that 2450 is definitely the short-term top of gold, it is certain that it is difficult to break through. Yesterday, 1D closed with a red candle, which means that it is not an absolute strong rise at present.
If it reaches 2433-2436, you can choose to sell, SL: 2442, if you want to buy, you can wait for 2387-2392
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Just like I thought
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