Gold continues to be bullish, falling back means going long
The bankruptcy of Silicon Valley Bank (SVB) triggered the U.S. banking crisis, and the negative news from Credit Suisse heightened concerns and risk aversion soared, which triggered a new round of gains in safe-haven assets such as gold.At present, the market is closely waiting for new clues about the banking crisis.
The inflation data released recently showed that it was in line with expectations. It has been half a year since it fell from the highest 9.1% to 6%. The gap from the 2% target is still very large, showing strong stickiness.If the Fed continues to raise interest rates, the economy may have problems. If the SVB bankruptcy does not spread to the entire banking industry, the Fed has reason to continue to raise interest rates.There is still nearly a week between now and the Fed's announcement of the interest rate decision next week, which means that whether the financial pressure eases in the future will directly affect the outcome of the Fed's interest rate hike.
After a short-term decline in the European market yesterday, gold quickly recovered, and the US market directly broke through the previous high, reaching the highest position of 1937.Our multi-orders near 1917 in the short-term operation yesterday very accurately captured this wave of strong market conditions. The resistance of 1950 USD is focused on the top, and the support of 1900 USD is focused on the bottom.On the daily chart, various technical indicators are clearly showing an upward trend.On the technical side, the Dayang upside on Monday matched the Dayang breakthrough at the close of last week. In fact, the long trend was established. Although there was a small yin at the top in the market on Tuesday, it was more of a technical adjustment here. Then in the conversion of the time node on Wednesday, the market re-pulled higher out of the sun, re-establishing the long trend and verifying that Tuesday belonged to the market adjustment.
For the future market, we can continue to maintain a long trend response. The target of the daily price level can pay attention to the arrival situation near 1960 in the early stage to make an expectation. In the short term, after yesterday's US market and the continuation of the early intraday trading, it basically came to the bottleneck of stepping back. Intervention can pay attention to 1910 and below, support can pay attention to the 1900 mark, and focus more on the recovery of the upper space.
The inflation data released recently showed that it was in line with expectations. It has been half a year since it fell from the highest 9.1% to 6%. The gap from the 2% target is still very large, showing strong stickiness.If the Fed continues to raise interest rates, the economy may have problems. If the SVB bankruptcy does not spread to the entire banking industry, the Fed has reason to continue to raise interest rates.There is still nearly a week between now and the Fed's announcement of the interest rate decision next week, which means that whether the financial pressure eases in the future will directly affect the outcome of the Fed's interest rate hike.
For the future market, we can continue to maintain a long trend response. The target of the daily price level can pay attention to the arrival situation near 1960 in the early stage to make an expectation. In the short term, after yesterday's US market and the continuation of the early intraday trading, it basically came to the bottleneck of stepping back. Intervention can pay attention to 1910 and below, support can pay attention to the 1900 mark, and focus more on the recovery of the upper space.
Comment:
The announced value of the number of people applying for unemployment benefits in the United States at the beginning of the week was 192,000, which was lower than the expected 205,000, which was bearish for gold.
Comment:
Gold has fallen back at a small level, pay attention to observe whether there is an opportunity to go long on gold
Comment:
Wait patiently for ultra-short-term opportunities, and don't be too anxious about short-term transactions
Comment:
Gold waits patiently for the opportunity to go long, pay attention to the 1910 line below
Trade active:
The gold price does not break the 1910 line, you can choose to go long near 1910
Trade active:
The operation idea of gold is still around 1910 to go long
Comment:
Wait patiently for trading opportunities
Comment:
The lowest gold reached around 1913, unfortunately so far it has not reached the expected position near 1910, the price of gold is not as expected, please wait patiently
Comment:
Gold did not give a short-term opportunity to do long near 1910, so since we have not given an opportunity, we will not enter the market for the time being. During the transaction, if the expected position is not reached, we would rather wait first than enter the market casually and forcefully
Comment:
During the trading process, it must be in line with the planned trading, and the trading cannot be affected by emotions. Have you made a trading plan in advance during the trading process?
