Will the gold price continue to break through 1940 line upward?

On March 16th, a large U.S. bank injected US 30 billion into First Republic Bank to rescue the bank from the widening crisis.Previously, Credit Suisse said it would borrow up to US554 billion from the Swiss National Bank to boost liquidity.The market's worries about the banking crisis in Europe and the United States have cooled, and the global stock market has generally risen. Investors need to beware of the short-term volatility and pullback of gold prices or even the risk of peaking.

In addition, the European Central Bank still raised interest rates by 50 basis points on Thursday.It is expected that the Fed will raise interest rates by 25 basis points at the March policy meeting, which will be slightly bearish for gold prices in the short term.Of course, the current risk-averse sentiment in the market has not completely subsided, and there are still certain safe-haven funds still pouring into the gold market to provide support for gold prices.

From the trend point of view, the top of the short-term gold level is basically all around 1930, and this position is firmly established.The 4-hour-level trend has continued to rise and fall. It is currently temporarily under pressure in the 1935 area. At present, there is a certain degree of deviation from the K-line and there are signs that it has begun to gradually fall below the short-term moving average, and it tends to be able to make a certain degree of adjustment in the short-term trend.On the hourly level, the current range compression is relatively small, and the technical pattern has also begun to gradually weaken, but the overall performance of gold is still relatively strong. At present, the overall range is wide in the 1900-1940 range. In the short term, pay attention to the support in the 1910 area, and pay attention to the resistance of 1935 above.

In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.

Trade active:

Today's gold short-term operation: you can choose a short order to enter near 1933-1934, and the take profit target is placed below the 1920 line.

Trade closed: stop reached:

The banking crisis in Europe and the United States has not been resolved, risk aversion dominates the market, gold breaks through resistance, short-term 1935 short orders after the stop loss in 1940, do not chase short positions for the time being.

Comment:

After the market sentiment stabilizes, we will look for opportunities to enter

Comment:

We do not pursue that every order must be won. When the market is dominated by news, we cannot predict the market very accurately. Therefore, we must set the take profit and stop loss levels in the process of trading. We must be responsible for the funds of each of our transactions. Only in this way can we safely stock in the market and be profitable as a whole.