The gold bulls are weak, and the bears are about to strike?
The data released that the annual CPI rate in the United States in February was in line with the expected value of 6%, down 0.4 percentage points from the previous value; the annual core CPI rate in the United States in February was in line with the expected value of 5.50%, lower than the previous value of 5.60%.
The inflation data is in line with expectations, indicating that the market generally expects the Fed to continue to raise interest rates by 25 basis points in March and will not increase interest rates again.But overall, inflation has not fallen sharply, and this is not a strong data.Obviously, what the Fed has to consider now is financial stability.
At present, for the gold market, the Fed's policy outlook is divided in the market. On the one hand, the banking crisis may cause the Fed to slow down the pace of interest rate increases; on the other hand, the Fed is facing a severe inflation state, and it is still far from the 2% target. Raising interest rates is still the best way to reduce inflation.From the long-term perspective, the current banking crisis is only short-lived, and it is still difficult for the crisis to spread. Raising interest rates is still the best choice for the market to suppress inflation.
In terms of gold's trend, judging from the daily line, gold prices have been on the rise since March 8, and there has been no decent adjustment; in the past two days, gold has risen from a strong position on the 1870 line to the 1900 line and hit the 1914 line. At present, the US index has stopped the decline, and the gold rally has been blocked.To a certain extent, there is a gradual peaking rhythm, and I am optimistic that there will be a wave of effective adjustments in the near future. At present, the short-term support below 1896-1900 is the defensive line of the bulls, and once it breaks down, it will open up the downward space again.
Why do you frequently lose money when you invest in foreign exchange?
One: Counter-market operation: If you don't respect and fear the market, you will be overwhelmed by the market if you operate completely against the trend.
Second: Do not set a stop loss: Stop loss is a necessary means to control risk, and not setting a stop loss is tantamount to throwing away the money directly.
Third: Frequent operations: There is no trading plan, casual trading and frequent multiple transactions greatly increase the probability of loss.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me.
The inflation data is in line with expectations, indicating that the market generally expects the Fed to continue to raise interest rates by 25 basis points in March and will not increase interest rates again.But overall, inflation has not fallen sharply, and this is not a strong data.Obviously, what the Fed has to consider now is financial stability.
At present, for the gold market, the Fed's policy outlook is divided in the market. On the one hand, the banking crisis may cause the Fed to slow down the pace of interest rate increases; on the other hand, the Fed is facing a severe inflation state, and it is still far from the 2% target. Raising interest rates is still the best way to reduce inflation.From the long-term perspective, the current banking crisis is only short-lived, and it is still difficult for the crisis to spread. Raising interest rates is still the best choice for the market to suppress inflation.
Why do you frequently lose money when you invest in foreign exchange?
One: Counter-market operation: If you don't respect and fear the market, you will be overwhelmed by the market if you operate completely against the trend.
Second: Do not set a stop loss: Stop loss is a necessary means to control risk, and not setting a stop loss is tantamount to throwing away the money directly.
Third: Frequent operations: There is no trading plan, casual trading and frequent multiple transactions greatly increase the probability of loss.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me.
Transaction en cours:
The idea of gold operation is to short in batches above 1910
Commentaire:
Do you think gold will continue to rise or retreat in the short term?
Commentaire:
you must have a plan before trading. do you have a trading plan?
Transaction en cours:
At present, gold has fallen back, and the empty orders near 1910 have already made good profits
Transaction en cours:
At present, the lowest level of gold reaches the 1902 line
Transaction en cours:
Short-term trading according to the plan, have you grasped the profits of short orders?
Commentaire:
The lowest price of gold reached 1899.89, and it is currently trading at the 1900 line, reaching our expected target position
Trade fermée: cible de profit atteinte:
According to the trading plan, for the empty orders above 1910, stable friends can choose to take profits around 1900
Commentaire:
Gold has fallen to the lowest level of 1899.2 at present, and has quickly recovered to above 1900
Commentaire:
The 1900-1896 area is still a support area and a line of defense for the bulls
