XAUUSD: 28/3 Today’s Analysis and Strategy

Diupdate
Gold suddenly fell rapidly in the short term on Thursday, with the London gold price just falling below $2,190. Governor Waller, who has been the recent benchmark for Fed policy, said late Wednesday local time that he believed there should be no rush to cut interest rates after inflation data strengthened in the first two months of this year. Stimulated by Waller's latest remarks, the U.S. dollar index continued to rise in the short term, which put pressure on spot gold to decline.

The yen fell sharply to its lowest level since 1990, before rebounding sharply after Japanese officials met to discuss market conditions and signaled preparations for intervention. Spot gold prices climbed sharply by $16 on Wednesday as investors awaited key U.S. inflation data later this week, which could provide more clues on the Federal Reserve's policy path.

Investors are now awaiting key U.S. inflation data later this week, which could provide more clues on the Fed's policy path. This trading day will also see changes in the number of initial jobless claims in the United States, the final value of the fourth quarter GDP of the United States, and the final value of the University of Michigan Consumer Confidence Index in March.

Gold technical analysis
Daily resistance is 2250, support below is 2177-2145
Four-hour resistance is 2200, support below is 2150

Gold operation suggestions:
Judging from the daily analysis, today's support at the bottom will focus on 2178, and the pressure at the top will be 2200-2210. Today, we will rely on this range to sell high and buy low. The watershed between short-term long and short strength is 2170. Only if the daily level closes below this level will the downward adjustment space be opened. Otherwise, time will continue to be exchanged for space and the oscillations in the long and short range will continue.

SELL:near 2210
SELL:near 2178
Technical analysis only provides trading direction!
cuplikan
Trade aktif
As shown in the chart analysis, if you sell in the resistance area, the room for decline is very large. cuplikan
Catatan
In this wave of market conditions, I still stick to my analysis in the morning. Only after falling can it rise higher.
Trade aktif
Trade aktif
Trade aktif
The market is currently very emotional, but this cannot last forever and will definitely cool down. cuplikan
Trade aktif
Gold once again set a new historical record today and reached the 2265 line. Gold is currently very overbought and the moving averages and Bollinger Bands continue to deviate too far from the price. There is currently a need for gold to pull back and repair indicators. 2265 is the daily front channel pressure and the upper limit pressure of the daily Bollinger Band. Therefore, Jiesse has already begun to participate in the short position, and continues to wait for the deep correction to repair the indicators before participating in the long position!

The market is currently very emotional, but this cannot last forever and will definitely cool down, so Jiesse directly participated in the short position near 2060.

The golden hourly K-line deviates far from the moving average, and the K-line will inevitably return to the moving average. First, look at the short-term decline of gold, and then look for opportunities to go long.
Trade aktif
Our selling plan near 2260 has hit TP, with a maximum profit of 115pips
Trade aktif
Trade aktif
Gold starts the waterfall, well done
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