A news attracted the attention of the market. Some media said that U.S. President Joe Biden spoke on the phone with Israeli Prime Minister Benjamin Netanyahu. The two discussed the possibility of hostage negotiations, humanitarian assistance and “tactical pauses” involved in the current Israeli-Palestinian conflict.
We all know that the Israeli-Palestinian conflict is currently the most hot topic. Many asset prices, especially those with risk-averse attributes, have been affected by it. Once the situation cools down or even a ceasefire, then the related rise may end.
On the other hand, as a well-known hawk within the Federal Reserve, Minneapolis Fed Chairman Kashkari said yesterday that he does not think the interest rate hike cycle is over, and may have to add another one this year.Although he is not on this year's voting committee and has no voting rights, he also represents the voice of some officials within the Federal Reserve, indicating that this matter is still unknown and has not completely ended the interest rate hike cycle as the market expected, and even began to prepare for interest rate cuts.
As can be seen from the chart, we told you about the trend of the 1-hour chart before. At present, it has changed from the upward channel to the downward channel, and it has been continuously moving down from the high point to the low point. This is a more dangerous signal in the volatile market, which means that the strength of the rise is getting smaller and smaller.
In terms of technology, the MACD daily line level has completed the dead fork. In the small cycle, the 4-hour and 1-hour speed lines have also penetrated the 0 axis, and the trading volume has continued to increase.These are all characteristics of the continued decline in the medium term.
However, today, due to the rapid decline and severe oversold at the 1-hour level, the European market may rebound to repair the market. It is a better choice to wait for the rebound before selling.
We need to pay attention to the upper resistance point range:
1981-1986
1972-1978
Pay attention to the range of support points below:
1960-1965
1950-1955
In a downtrend, you can wait for the rebound to the resistance range before selling, reasonably control your position, and greatly increase your success rate.
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Gold is really weak today
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Now the 1-hour chart is oversold, you can try short-term buying
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Gold has finally risen in the US market
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Today's trend suppression line is at 1967. If it cannot break through 1967, gold can only rebound for a short time.
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The resistance of 1967 is very strong, and there is no breakthrough yet
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Waiting for the opportunity
