Da Tian Global: Suggestions for Spot Gold Operations2021-4-7

goods in stockgoldMarket situation summary: Yellen's viewpoint once again supports the current loose monetary environment, which is very disappointing for the market that has always hoped for a clue to interest rate hikes. If the stimulus policy is maintained, it will still be beneficial for gold. At the same time, the main influencing factor at present is that the US bond yield has finally fallen, so the US dollar has also been suppressed to a certain extent, so the gold price had good room to play yesterday.

Datian Global Spot Gold Reference News: The US dollar index fell on Tuesday0.33%To a two-week low, treasury bond bond yield also fell from the recent high2.59%. In addition, the deterioration of the overseas COVID-19 epidemic has also attracted more funds to re-enter the gold market, providing momentum for gold prices to rise. US Treasury Secretary YellenIMFWe will cautiously move from(Global)Learn from the lessons of the financial crisis, that is:Don't withdraw support too quickly.

Today's spot gold market follows:
U.S.A2Monthly trade account;
Chicago Fed Chairman Evans delivers an online speech on the current economic situation and monetary policy;
Dallas Fed Chairman Kaplan participates in a Q&A session;
Richmond Fed Chairman Barkin delivered a speech on issues such as monetary policy prospects and labor market trauma;
2021yearFOMCVoting committee member and San Francisco Federal Reserve Chairman Daley discussed economic, climate change, and economic inequality issues at a seminar;
The Federal Reserve releases the minutes of its monetary policy meeting.

Da Tian Global reminds us that after the non farm payroll data, the focus of the market this week will continue to be on the Federal Reserve. There is relatively little economic data for the day, so we can pay attention to the comments of a large number of Federal Reserve officials and the minutes of the Federal Reserve meeting in the early morning. At that time, we can dig out more internal policy signals from them.

Click to read the complete graphic analysis:202.hk/teach/forecast/310949.html?c=814




From the daily chart of spot gold, although the price has stabilized twice1676The signs of forming a double bottom prototype on the front line, althoughMACDThe indicators are currently in a golden cross process, but the gold price has not yet achieved a definite breakthrough and stabilized1740The signal at the first line stagnation position indicates that a daily level double bottom pattern has not yet formed in a short period of time. CurrentlyKDJThe rising indicators bring about a demand for a pullback, which requires close attention in the short termMA5The effectiveness of the support of the moving average.




From spot gold4Looking at the hourly chart, yesterday's gold price hit its highest point in the evening1745First line, but after a period of oscillation and consolidation, as of now1740There is currently no sign of effective stability on the front line, and prices have begun to fall back for testing. Although the upward trend is still well preserved at this stage, prices have begun to fall belowMA5The signs of support from the moving average, with a focus on the lower part of the dayMA10With the support of the moving average, once this position is lost, the market price may face a comeback1720The situation on the front line.

Pressure:1740-1745-1754
Support:1734-1728-1720

Suggestions for today's spot gold market operation:
1744-1745Look at the range, target1740-1736, Risk control3USD.
1734-1735From the perspective of range, target1739-1743, Risk control3USD.
Upper rupture1748Look up, goal1752-1756, Risk control3USD.
Lower rupture1730Look down, goal1726-1722, Risk control3USD.
1756-1757Look at the range, target1752-1748, Risk control3USD.
1720-1721From the perspective of range, target1725-1729, Risk control3USD.
Upper rupture1760Look up, goal1764-1768, Risk control3USD.
Lower rupture1717Look down, goal1714-1710, Risk control3USD.
The two major goals are to gradually stop profits and increase profits.

Reminder from Da Tian Global: Strategic recommendations are for reference only. Entering the market carries risks and investment needs to be cautious.