Yu Yue on Jin:6.16Analysis of Gold Trend: Is the Market Reversing? Will it continue to rise today?

    goldMarket trend analysis and operational suggestions

The daily trend of Yang swallowing Yin continues to fluctuate within the range, but the overall trend is in a downward direction. Although there is a rebound, the structure is still in a downward trend. In terms of news: Federal Reserve6The monthly resolution declared the strongest interest rate hike in nearly thirty years, announcing hawkish interest rate hikes75Then Powell said at his press conference that a large interest rate increase would not calm market sentiment in a normalized way. US stocks and bonds rebounded significantly, the US dollar rose and fell, and gold rebounded.


4The hours are still in a periodic wide range of sawing oscillations, and the substantive range has not been effectively broken through, accompanied by a back and forth sawing wash. Technical structural passivation. The news side factor causes short-term tugs of war to recur, and the overall structure still tends to be downward. It's just a slow and winding process. With previous highs and lows being tested to test lows, the short term may also be accompanied by repeated highs and lows to build momentum to break lows. And the price has returned to the vicinity of the Bollinger Road mid track, with a neutral position fluctuating and resistance on the upper track1850-1876The lower rail is1800-1786.Waiting for breakthroughs within a wide range. In the short term, it is temporarily difficult to step out of one side.


In summary, it is recommended to focus on rebounding from high altitude in gold operation, with a focus on the above1845-1850Frontline resistance, short-term focus below1813-1808Frontline support. If the downward trend continues, then we need to focus on the previous low point1785Supported testing.