Pay attention to terrorist data, there is a high probability that gold prices will break through a new high
Gold aspect:
The U.S. CPI data for March was released on Wednesday (April 12), showing a larger-than-expected decline; the PPI released yesterday (April 13) also showed a larger-than-expected decline, which means that although inflation is still too high, the forward-looking shows that inflation will slow further in the coming months, betting that the Fed will stop raising interest rates for a while. I'm afraid it won't stop.
Gold aspect:
The U.S. CPI data for March was released on Wednesday (April 12), showing a larger-than-expected decline; the PPI released yesterday (April 13) also showed a larger-than-expected decline, which means that although inflation is still too high, the forward-looking shows that inflation will slow further in the coming months, betting that the Fed will stop raising interest rates for a while. I'm afraid it won't stop.
Investors need to pay attention to the monthly retail sales rate in the United States in March. This data is commonly known as the “horror data”. At present, the market is expected to decline by 0.4% QoQ. This forecast is more favorable for gold prices. It is expected to limit the room for gold prices to recover, and it is even expected to provide opportunities for gold prices to break through the 2050 mark.
Technical aspects: Daily line level: Volatile rise; gold prices broke through the resistance near last week's high of 2032 on Wednesday, the moving average is arranged by bulls, and the KDJ gold fork is operating well. The gold price is expected to continue to fluctuate and attack in the future. The initial resistance is at the 2050 mark, and the strong resistance is near the historical high of 2075. You can also pay attention to the 2060 mark and the 2070 mark.
However, MACD once again issued a top divergence signal, and KDJ was close to issuing a slight overbought signal. The gold price was blocked at the important psychological threshold of 2050, and there is also a certain demand for a pullback in the short term. Last week's high of 2032 has been transformed into a preliminary support. If this position can be held, the gold price will continue to fluctuate and rush higher in the future; if it loses support near 2032, it will increase the risk of further pullback. The 5-day moving average support is currently near 2017.93, and the 10-day moving average support is in 2009. Near 18, if this position is lost, the short-term peak signal will be increased.Gold continued to rise yesterday, reaching as high as US22,048. The bulls performed strongly. The 4-hour chart showed a volatile upward trend, but it has been shown to be overbought. In the short term, we need to wait for a pullback before considering going long.Operationally, refer to the support to go long near 2032, and the target is 2050.Shorting near the high of 2048 does not rule out the possibility of a sharp pullback to the first line of 2010, because the cumulative increase this week is more than 70 US dollars, and there is limited room for continued rebound.
If you have a transaction in your hand that is trapped, or you don't have time to follow the market news, you can follow me directly.
Gold aspect:
The U.S. CPI data for March was released on Wednesday (April 12), showing a larger-than-expected decline; the PPI released yesterday (April 13) also showed a larger-than-expected decline, which means that although inflation is still too high, the forward-looking shows that inflation will slow further in the coming months, betting that the Fed will stop raising interest rates for a while. I'm afraid it won't stop.
Gold aspect:
The U.S. CPI data for March was released on Wednesday (April 12), showing a larger-than-expected decline; the PPI released yesterday (April 13) also showed a larger-than-expected decline, which means that although inflation is still too high, the forward-looking shows that inflation will slow further in the coming months, betting that the Fed will stop raising interest rates for a while. I'm afraid it won't stop.
Investors need to pay attention to the monthly retail sales rate in the United States in March. This data is commonly known as the “horror data”. At present, the market is expected to decline by 0.4% QoQ. This forecast is more favorable for gold prices. It is expected to limit the room for gold prices to recover, and it is even expected to provide opportunities for gold prices to break through the 2050 mark.
Technical aspects: Daily line level: Volatile rise; gold prices broke through the resistance near last week's high of 2032 on Wednesday, the moving average is arranged by bulls, and the KDJ gold fork is operating well. The gold price is expected to continue to fluctuate and attack in the future. The initial resistance is at the 2050 mark, and the strong resistance is near the historical high of 2075. You can also pay attention to the 2060 mark and the 2070 mark.
However, MACD once again issued a top divergence signal, and KDJ was close to issuing a slight overbought signal. The gold price was blocked at the important psychological threshold of 2050, and there is also a certain demand for a pullback in the short term. Last week's high of 2032 has been transformed into a preliminary support. If this position can be held, the gold price will continue to fluctuate and rush higher in the future; if it loses support near 2032, it will increase the risk of further pullback. The 5-day moving average support is currently near 2017.93, and the 10-day moving average support is in 2009. Near 18, if this position is lost, the short-term peak signal will be increased.Gold continued to rise yesterday, reaching as high as US22,048. The bulls performed strongly. The 4-hour chart showed a volatile upward trend, but it has been shown to be overbought. In the short term, we need to wait for a pullback before considering going long.Operationally, refer to the support to go long near 2032, and the target is 2050.Shorting near the high of 2048 does not rule out the possibility of a sharp pullback to the first line of 2010, because the cumulative increase this week is more than 70 US dollars, and there is limited room for continued rebound.
If you have a transaction in your hand that is trapped, or you don't have time to follow the market news, you can follow me directly.
