Guide Metallographer:4.26Today's gold trend analysis, gold rebounded and fluctuated within the day

　　goldMessage interpretation:


The disposal of gold reserve by the Russian Central Bank last year is now clearer.


World Gold Council(WGC)Citing the International Monetary Fund(IMF)According to the latest data, this year3In January, as gold prices began to rise significantly, the Russian central bank sold3.1Tons of gold. However, Russia is still the world's fifth largest gold reserve country.


Senior Analyst, World Gold CouncilKrishan GopaulThe Central Bank of Russia3The months have decreased3.1Tons of official gold reserve, more interestingly, it has now released2022year2Monthly gold holdings since the beginning of the month


According to the latest data, Russia's gold reserve have increased since then28Tons.


Chief Market Strategist, World Gold CouncilJohn ReadeHe said: "I am glad to see that the history of Russia's gold reserve has now been supplemented. This really raises the question, where does Russia's other production go? Every year, about300Tons, far exceeding domestic demand orCBRReported purchase volume


The other one is at3The central bank selling gold in January is the Central Bank of Türkiye,2022The largest buyer of gold in the year. The World Gold Council stated that the country has3Sold off in the month15Tons of gold, this is from2021year11The first monthly net sell-off since September, reducing the country's gold reserve to572Tons. Türkiye's official gold reserve increased last year148Tons, reaching a historic high.


The National Bank of Kazakhstan is also3The months have decreased10.5Tons of gold reserve, but even before that, the country was already a seller. Since the beginning of the year, the central bank of the country has reduced19.6Tons of gold reserve. The country's total gold reserve are currently332Tons, for2018year8The lowest level since the beginning of the month.


In terms of other news, the Czech National Bank3Monthly Purchase1.5Tons of gold, which is a major acquisition for the bank. Last year, the bank acquired1.4Tons of gold. The total gold reserve of the country is13.5Tons, for2006The highest level since mid year.


　　GopaulIndia also made a purchase last month3.5Tons of gold bars, increasing their total purchase volume in the first quarter to7.3Tons.


　　3At the beginning of the month, the price of gold is approximately per ounce1860USD,3Monthly closing1998USD. During this period, the gold price was tested twice2000The level of the US dollar.


Today's Gold Data:


　　14:00Switzerland3Monthly trade account


　　18:00britain4monthCBIIndustrial order difference


　　21:00U.S.A2monthFHFAMonthly rate of housing price index


　　21:00U.S.A2monthS&P/CS20Annual rate of housing price index in major cities


　　22:00U.S.A3Annualized total monthly sales of new homes


　　22:00U.S.A4Monthly Conference Chamber Consumer Confidence Index


　　22:00U.S.A4Monthly Richmond Fed Manufacturing Index


Technical analysis of gold:


Yesterday, the gold market continued to test the support of the upward trend line in this round and pulled up, with early trading at1980.6The position of the market has slightly increased and given1986.9After its position, the market quickly fell and the daily line reached its lowest point1973.8The market has been strongly supported by the upward trend line in this round, and the daily peak has reached1991After the position was sorted out, the daily line finally closed at1989After the position of the market is closed with a long shadow line in the middle, and after this form of closure, the daily line effectively confirms support and forms a pregnant line structure, and today's market is much higher and lower;


On Monday, the daily line closes positive, and on1998Above, whether it's in the early stages1970Low point, still from yesterday1974Low point, showing the effect of support below, with daily continuous rise above or below2015See you later, break the line2030High point, under this bullish trend, if you don't guess the high point, you may once again come out of the bullish market. Of course, now4In the latter half of the month, there is little chance of another sharp rise or fall this week, so the market is waiting5Monthly non agricultural data,cpiData, and5The Federal Reserve is raising interest rates this month. Therefore, do not have any thoughts about the sudden rise and fall of gold this week.


From4It can be seen from the hourly cycle that although Tuesday is bullish and there is still room for improvement, it will not be very large. For the time being, the market will be closed and the pressure point for the upper track will be2010/2012Nearby, which means there will be10/12The US dollar space is a critical suppression point, if it breaks through2010/2012Suppression point,4The hourly cycle can open up the Bollinger, and the upward momentum will only erupt again. Therefore, let's take a look at the bullish trend today2012Gains and losses, however, are seen in terms of strong fluctuations, followed by a sharp rise when breaking through. For the intraday market, the early morning surge is an extremely strong performance, and the bullish trend is not chasing the bullish trend. It is expected to be supported below1990Nearby; Wait until the mid-term bull trend is over before we see if it is fluctuating or continuing to strengthen. Overall, in today's gold short-term operation guidelines, gold analysts suggest a pullback and long selling as the main approach, supplemented by a rebound and short selling, with a focus on short-term trading above2010-2012Frontline resistance, short-term focus below1970-1973Frontline support, friends must keep up with the rhythm.


　　4.25Reference for Golden Operation Strategy:


Empty order strategy:


Strategy 1: Gold rebounds2000-2005Short (buy down) 2/10 positions in batches nearby, stop loss6Points, target2000-1995Nearby, break down and take a look1985frontline; (Suggested for reference only, investment carries risks, and caution is required when entering the market!)


Multiple order strategy:


Strategy 2: Gold Callback1970-1975Nearby batch long (buy up) 2/10 positions, stop loss6Points, target1995-2005Nearby, break down and take a look2010frontline; (Suggested for reference only, investment carries risks, and caution is required when entering the market!)