Da Tian Global: Suggestions for Spot Gold Operations2024-04-08

　　　goods in stockgoldOverview of the current market situation:

Last week, the price of gold continued to hit historic highs and has now successfully broken through2300The level is high, and according to the current momentum, it is likely to further open up the space above. Despite the strong performance of non farm payroll data released last Friday, which will have an impact on the expected interest rate cut in June, the strong momentum of gold cannot be stopped. The market will continue to seek more clues about monetary policy adjustments in speeches by Federal Reserve officials this week.

　　

　　Datian Global Spot Gold Reference News:The gold market has continued its strong momentum and continuously refreshed history, which has occurred against the backdrop of strong economic data performance in the United States,3The monthly non farm employment report shows that new job opportunities have exceeded expectations, and the unemployment rate has also decreased3.8%. Despite the good performance of the job market, wage growth is relatively moderate and in line with expectations, which to some extent provides support for gold.

　　Today's spot gold market follows:

Eurozone4monthSentixInvestor confidence index;

United States3New York Federal Reserve1Annual inflation expectations;

US Treasury Secretary Yellen visits China.

　　Special reminder from Datian Global:The market fundamentals on Monday are usually relatively flat, and in addition, the release of non farm data often enters a digestion period, so it is expected that the labor situation in the United States will continue to ferment this week. In addition, the expectation of the Federal Reserve's interest rate cut is also the key to the continued rise of gold prices this week, especially the probability of a non farm rate cut in June has decreased.

From the weekly chart of spot gold, it can be seen that under the continuous impact of interest rate cuts, the price of gold rose sharply again last week, recording a super large bullish line. Currently, the short-term moving average group continues to show a perfect long arrangement, but even ifMA5It is still far from the current price, andMACDThere is also a risk of deviation from the indicators in the future market, but at this stage, we will try to implement the principle of trading with the flow as much as possible. We can pay attention to it at the beginning of the week2300The support of Da Guan.

From the daily chart of spot gold, it can be seen that there have been ten consecutive positive trends in the structure, which indicates the critical point for a correction. However, there is also a possibility of a transition in the form of oscillations, depending on the performance of this week. The current momentum is very strong, and there is also a phenomenon of deviation in the moving average groupMACDThe bullish signal of the indicators is still clear, so the operation can only maintain a long position on dips, but it is not recommended to chase gains at high levels.

Pressure:2332-2340-2350

Support:2320-2310-2300

　　Suggestions for today's spot gold market operation:

　　2331-2332Look at the range, target2327-2322, Risk control3USD.

　　2320-2321From the perspective of range, target2325-2330, Risk control3USD.

Upper laceration2336Look up, goal2340-2344, Risk control3USD.

Downburst2316Look down, goal2312-2308, Risk control3USD.

　　2345-2346Look at the range, target2341-2337, Risk control3USD.

　　2306-2307From the perspective of range, target2311-2315, Risk control3USD.

Upper laceration2350Look up, goal2355-2360, Risk control3USD.

Downburst2300Look down, goal2295-2290, 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.