The Fed strengthened interest rate hikes, and gold fell to the g

As long as we have the idea of making achievements, it is never too late, because 'success is not inversely proportional to age. 'There are many examples of this in life. As long as we have a starting point, time will always give us a reasonable explanation.

The Fed Chairman’s tough speech ended the short-term rebound of gold. The next rate hike of 50 basis points and the possibility of continuous rate hikes in the later period made the market panic. Yesterday’s sharp drop in gold destroyed the rebound pattern. Now it seems that it will test the previous low. For gold operation, it is recommended to sell at 1818.50, risk control at 1822.50, and the target is 1810~1804~1786.

Gold is bearish for several reasons:
1. The golden overcast appeared yesterday, and the bearish sentiment has not yet been fully released.
2. According to my personal analysis, Wave 2 C is currently on the way, and the low point in the previous period may not be guaranteed. Later, I will consider the support of the first round of rise in the previous period.
3. The intraday pressure is 1818~1823, and the support is 1804~1786.

Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻