XAUUSD:14/3 Today’s Analysis and Trading Strategy

Gold fluctuated within a narrow range on Thursday and is currently trading around $2,170. Gold prices rose 0.75% on Wednesday to close at $2,174, boosted by a weaker U.S. dollar as investors still held out hope for a rate cut by the Federal Reserve in June despite scorching U.S. inflation data, while escalating geopolitical tensions maintained safe-haven demand for international gold. Gold prices rebounded, recovering from the previous session's losses, boosted by a weaker U.S. dollar.

Gold prices retreated from record highs set last week on Tuesday, posting their worst one-day drop since February 13, after a report showed U.S. consumer prices rose sharply in February, suggesting some stickiness in inflation. Higher-than-expected inflation means more pressure on the Federal Reserve to keep interest rates high, putting pressure on non-yielding assets such as gold. The precious metal is also used as a hedge against inflation. This is reinforced by the softer tone in U.S. Treasury yields, which has put dollar bulls on the defensive and acted as a driver for gold prices. As the U.S. dollar index fell 0.2%, overseas buyers were more willing to buy gold to avoid risks.

Despite the disappointing consumer price index, U.S. monetary policy authorities may judge that price pressures are easing. Gold has the potential to rise as long as economic data continues to be weak, with the focus now on U.S. retail sales (commonly known as the "terror index"), producer price index and last week's jobless claims, all of which are due to be released on Thursday.

Gold technical analysis
Daily resistance is 2184, support below is 2124-00
Four-hour resistance is 2200, support below is 2167-53

Gold operation suggestions:
From the daily and four-hour analysis, today's support at the bottom will be around 2164-53, short-term pressure at the top will be around 2184, and strong resistance will be at 2195-2200. The short-term long-short dividing line will be around 2150. You can continue to participate in long positions before the daily level falls below this level. If it falls below this level, you will look towards the 2124 target.

BUY:2148-2153
SELL:2195-2200
SELL:2148-2153

Trade aktif:

I said in the analysis that the dividing line between long and short is near 2150. If the daily line falls below it, continue to sell. If gold is supported, you can continue to go long. You can't just look at the results without looking at my analysis process

Trade aktif

Trade aktif:

In order to maintain high interest rates, the US always releases news that is beneficial to the US dollar and then suppresses gold.

Trade aktif:

Today's market is in a small range, and both sales were successfully profitable.

Trade aktif:

The market has become more volatile recently, but there should still be room for gold to fall today. There are two points in the lower space to be verified, one at 2154 and the other at 2148. If there is effective support here, the market outlook may find opportunities to go long, and today's movement direction will most likely continue to fall. My analysis team is reviewing the trading and waiting for tomorrow (the last trading day of this week)

Trade aktif:

Gold is performing as predicted

Trade aktif:

Gold fell but did not fall below 2150. If you followed my morning long strategy, you have now made a profit of 70pips.

Trade aktif

Trade aktif