Macro Markets Gianthui Trading Analysis: Keep the key support, the trend will continue to watch
Summary:
Gold prices accumulated a bullish momentum after the $ 2180 on Tuesday, and the rise in European hours continued to $ 2,200.The price of selling around the US dollar and the callback of US Treasury yields promoted the price of gold.
Fundamentals
On Tuesday, the US dollar continued to face new downward pressure, as the Federal Reserve policy makers seem to be increasingly confident in alleviating the pressure of price.To this end, after two days of decline, the price of gold relies on a strong support near $ 2170.
In terms of strategy, after the Federal Reserve's March meeting outlined the three interest rate cuts this year, gold has received solid support.The Swiss Bank also provided support.The bank unexpectedly reduced the loan interest rate and caused people to discuss the discussion of the monetary policy earlier than expected to relax earlier, even before the Fed.For gold, this is a positive signal, because the low interest rate reduces the chance of holding gold.
Now, investors are suspended before waiting for an important US inflation indicator report on Friday. The report may provide insights on the future direction of the Federal Reserve's monetary policy.In addition, several Federal Reserve officials including the Federal Reserve President Powell will speak in various activities, which may affect market response.
In terms of market.As the position has changed rapidly in the past few or two weeks, the price of gold has risen a little tired. Now, as the Fed's pricing has decreased slightly, the price of gold is breathing slightly.We are not expected to have more rebounds soon.But at the same time, we do not expect a large sales, because the spot market is still strong, and the positions are still quite bullish.
Technical
Due to the improvement of the Fed's interest rate cuts and the continuous existence of geopolitical risks, the US dollar went soft, and the price of gold re -tested 2,200 US dollars on Tuesday.
After a brief soaring to a record high last week, the new power tested the upper limit of the recent interval.The technical side of the daily chart is helpful for positive emotions and supports action capacity.
Continuously exceeded $ 2,200, a new bullish signal will be generated, and the top is directly to the top $ 2222. Breaking this level will indicate that a greater upward trend will continue, and the target is locked in the 2250 US dollars.The upward trend of point 1614 US dollars may finally test $ 2,300 psychological pass.
At present, the price is maintained above $ 2171 of the 10 -day moving average, and it is expected that the recent bias will continue to be firm.The market is waiting for American inflation data released later this week, which may bring new hints about the start time of interest rate cuts.Layout.
Transaction advice
Trading direction: Multi
Entry point: 2156
Target point: 2265
Stop loss point: 2138
Valid until: 2024-04-09 23:55:00
Support point bits: 2180, 2175, 2171
Resistance points: 2195, 2200, 2212
Risk prompts and exemption clauses
Market risk, the investment need to be cautious.This article is for reference only, does not constitute personal investment suggestions, nor does it take into account the special investment goals, financial conditions or other needs of some users.Based on this investment, the responsibility is on the responsibility.
