Da Tian Global: Suggestions for Spot Gold Operations2024-04-15

　　goods in stockgoldOverview of the current market situation:

Under the stimulation of geopolitics, the price of gold briefly broke through last week2400Da Guan continued to break the historical high, but there was a clear profit taking phenomenon during the closing stage on Friday evening, so it ultimately fell back to2350Below, the overall amplitude is still relatively large. At present, the market is seeking clues about the interest rate cut in June, especially with inflation data showing signs of recovery. The timing of the rate cut may be postponed until July.

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　　Datian Global Spot Gold Reference News:Affected by geopolitical risk concerns in the Middle East, the demand for safe haven gold has surged, pushing gold prices to a historic high and expected to rise for the fourth consecutive week. Due to a sharp decline in consumer confidence and an increase in inflation expectations in April, spot gold rose during trading and briefly surged to the gold market2431.41The high level of the US dollar, but ultimately fell back to2400Below the US dollar.

　　Today's spot gold market follows:

United States3Monthly retail sales rate;

United States4monthNAHBReal estate market index.

　　Special reminder from Datian Global: ZhouAlthough the market fundamentals are not particularly active, their importance is still high, especially with the release of retail sales in the evening economic data, which is known as terrifying data. Therefore, it should have a certain impact on gold prices and to some extent, interfere with the Federal Reserve's monetary policy adjustments.

From the weekly chart of spot gold, although the overall trend of gold prices last week was still quite strong, due to a clear high-level decline on Friday night, a long bullish shadow was finally recorded, which also means that the power of bulls is starting to loosen. If the short-term average is missed this weekMA5If so, it is not ruled out that we will officially enter the revision stage, so we need to focus on it2300The support situation on the front line of Daguan.

From the daily chart of spot gold, it can be seen that due to a significant decline in the closing phase last week, there has been a pattern of bearish and bearish reversal, which is a typical pattern. Therefore, in the short term, it is necessary to be cautious of the possibility of further pullback. However, at present, multiple parties still have advantages, and the short-term moving average group still shows a bullish arrangement,MACDThere is currently no signal of a dead cross in the indicators, indicating that it is still recommended to buy long on dips, but caution should be exercised when pursuing long positions.

Pressure:2345-2352-2360

Support:2330-2320-2310

　　Suggestions for today's spot gold market operation:

　　2343-2344Look at the range, target2339-2334, Risk control3USD.

　　2332-2333From the perspective of range, target2337-2342, Risk control3USD.

Upper laceration2348Look up, goal2352-2356, Risk control3USD.

Downburst2328Look down, goal2324-2320, Risk control3USD.

　　2357-2358Look at the range, target2353-2349, Risk control3USD.

　　2318-2319From the perspective of range, target2323-2327, Risk control3USD.

Upper laceration2362Look up, goal2366-2370, Risk control3USD.

Downburst2314Look down, goal2310-2306, 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.