Chen Dingzhao: 3.23Gold continues to fluctuate, long and short should layout like this

Some words have been heard, but it takes a lifetime to understand, some things to understand, but it takes experience to believe. Throwing away the past may not necessarily lead to a good start, but it must not be worse than the past. If you don't start a business for your own dream, then work for someone else's dream. If you don't execute your own ideas, then you will be beaten by market fluctuations. Doing a good job in every fluctuating market is not simple, but taking every rise and fall seriously is extraordinary.

　　goldLatest Market Analysis

　　3month22On the day of trading, spot gold slightly declined and traded in1740dollar/Below the ounce. Last Friday(3month19day)A survey of Golden Week released shows that Wall Street analysts and retail investors are optimistic about the gold price this week. However, some people are concerned that rising bond yields will limit gold prices in the near future1750Below the key resistance level of the US dollar. It is worth noting that the opportunity cost of holding gold has increased due to the continuous rise of US bond yields, and the US dollar index has also risen slightly, approaching a high level in more than a week; In terms of technology, gold prices are suppressed by the mid track of the Bollinger Line, and there is a risk of a comeback in the short term. The Federal Reserve stabilizes interest rates, and Powell stated that2023Not raising interest rates before the end of the year and once again showing tolerance for the rise in US bond yields. The US Treasury yield surged last week to1.7%Above, it once caused a sharp drop in gold prices and left a headache for the world. The US dollar has recently strengthened slightly, but is still close to3At the low point of the year, given the continued easing policy of the Federal Reserve, the US dollar may further weaken. Coupled with the uncertainty related to tax changes in the United States, and the fact that the United States is currently in debtGDPThe country with the largest proportion seems to have no reason for gold to decline.

Technical analysis of gold: Gold has emerged from a multi-party trend on the daily trend, and is expected to rebound and rise today. The weekly trend is a two week consecutive positive trend, which belongs to the rebound trend after oversold! Gold rebounded and rose, but the trend was somewhat volatile, with long and short positions repeatedly difficult to continue, increasing the difficulty of operation! From the perspective of gold's trend, every time a new high is reached, it will be suppressed by bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bearish bear!4On the hourly trend, golden steps50Moving average up, multi headed arrangement! The closest pressure position above is1760-1770Within the area! It is expected that this rebound will at least test this pressure area, and if it breaks through, it will rise to1800upper! In case of obstruction, gold will build and consolidate at the bottom! Gold is currently in a bullish upward trend, with the main focus on being as low as possible in operation. After obtaining support from every major negative sell-off, it can continue to be bullish! Follow Above1760-70Regional pressure!

Overall, in terms of short-term gold operations today, Chen Dingzhao suggests that the main focus should be on pullback and long selling, supplemented by rebound and short selling, with a focus on the above1750-1755Frontline resistance, short-term focus below1722-1725Frontline support.

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This article was written by Chen Dingzhao. Due to the delay in online review and push, the above content is a personal suggestion. Due to the timeliness of online publishing, the suggestions are for reference only.