Da Tian Global: Suggestions for Spot Gold Operations2024-03-07

　　goods in stockgoldOverview of the current market situation:

Spot gold price from2142After failing to achieve a breakthrough twice in the first tier position, it continued to decline, and the material will be adjusted during the Asian session2124The nearby location has successfully obtained support, and the overall situation is basically maintained during the daytime2124Narrow range consolidation was carried out above, and there was a surge in the US market during the evening session, with a slight upward trend2150First line impact.

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　　Datian Global Spot Gold Reference News:Recent inflation data in the United States shows that it is setting targets for the Federal Reserve2%Moving towards the goal. The intervention of multiple Federal Open Market Committee officials and Powell's upcoming testimony in front of Congress have led market participants to doubt6The expectation of the first interest rate cut in the month is becoming increasingly strong, which further drives up the price of gold. The conflicts in the Middle East have also had a supportive effect on gold demand. Since the outbreak of the conflict between Israel and Hamas, gold prices have risen300US dollars. The purchasing volume of global central banks is also continuously increasing.

　　Today's spot gold market follows:

United States2Monthly Challenger Enterprise layoffs(ten thousand);

Eurozone3The main refinancing rate of the European Central Bank for the month(%);

United States1Monthly trade account(USD100mn);

As of3month2Number of initial claims for unemployment benefits in the current week(ten thousand);

The European Central Bank Announces Interest Rate Resolutions;

European Central Bank President Lagarde Holds a Monetary Policy Press Conference;

Federal Reserve Chairman Powell delivers a semi annual monetary policy testimony in the Senate Banking Committee;

US President Biden delivers a State of the Union address to Congress;

　　2024yearFOMCVoting committee member and Cleveland Fed Chairman Mester delivered a speech on the economic outlook.

From the daily chart of spot gold, it can be seen that yesterday's gold price surged and slightly fell, recording a positive line with an upward shadowKLine shape,MACDThe double-line indicator maintains a golden cross operation, indicating that the bullish trend is still ongoing and there may be further upward movement in the future, which needs to be notedMA5The supporting effect of the moving average.

From spot gold4Looking at the hourly chart, after a brief adjustment process, the gold price surged again yesterday. Although the moving average cluster shows a bullish pattern, it should be noted thatMACDThe dual line indicators have already risen. If the future prices come under pressure again, it is not ruled out that there will be a significant correction process. Pay attention to this in the short termMA5andMA10The supporting effect of two moving averages.

Pressure:2150-2160-2170

Support:2140-2130-2120

　　Today's spot gold market operation construction：

　　2148-2150Look at the range, target2140-2142, Risk control3USD.

　　2140-2142From the perspective of range, target2148-2150, Risk control3USD.

Upper laceration2152Look up, goal2158Nearby, risk control3USD.

Downburst2138Look down, goal2130Nearby, risk control3USD.

　　2158-2160Look at the range, target2150-2152, Risk control3USD.

　　2130-2132From the perspective of range, target2138-2140, Risk control3USD.

Upper laceration2160Look up, goal2168Nearby, risk control3USD.

Downburst2128Look down, goal2120Nearby, risk control3USD.

The two goals are to stop the profit step by step and increase the profit.

　　Da Tian Global Warm Reminder:Strategic recommendations are for reference only, there are risks involved in entering the market, and investment needs to be cautious.