Gold plummeted on Friday, how will it trend early next week?
Updated
Emergency situations
As Iran launches a large number of missiles and drones towards Israel, risk aversion has increased, and gold will jump $50 higher at the opening tomorrow.
1. Federal Reserve-Goolsby: If the PCE expands again, the Fed will stabilize prices. Schmid: There is reason to think that interest rates will remain high for a long time. Bostic: The outlook for 2024 is one rate cut before the end of the year, and I am in no rush to cut rates. Daly: There is no urgency to cut interest rates.
2. Israel is preparing to respond to a potential direct attack from Iran within a few days, and an attack is expected to occur within 48 hours at the earliest.
3. The U.S. PPI data was slightly lower than market expectations, and expectations of an interest rate cut by the Federal Reserve within the year have been boosted.
4. Federal Reserve meeting minutes: At the Federal Reserve’s March meeting, almost all participants believed that it would be appropriate to shift to a less restrictive policy stance at some point this year.
Gold Bulls Get Ready, Prepare to Soar
Trading strategy: long gold position near 2330, stop loss 2320, target 2400
The above is purely personal investment sharing and does not constitute an actual entry point. You are responsible for your profits and losses.
As Iran launches a large number of missiles and drones towards Israel, risk aversion has increased, and gold will jump $50 higher at the opening tomorrow.
1. Federal Reserve-Goolsby: If the PCE expands again, the Fed will stabilize prices. Schmid: There is reason to think that interest rates will remain high for a long time. Bostic: The outlook for 2024 is one rate cut before the end of the year, and I am in no rush to cut rates. Daly: There is no urgency to cut interest rates.
2. Israel is preparing to respond to a potential direct attack from Iran within a few days, and an attack is expected to occur within 48 hours at the earliest.
3. The U.S. PPI data was slightly lower than market expectations, and expectations of an interest rate cut by the Federal Reserve within the year have been boosted.
4. Federal Reserve meeting minutes: At the Federal Reserve’s March meeting, almost all participants believed that it would be appropriate to shift to a less restrictive policy stance at some point this year.
Gold Bulls Get Ready, Prepare to Soar
Trading strategy: long gold position near 2330, stop loss 2320, target 2400
The above is purely personal investment sharing and does not constitute an actual entry point. You are responsible for your profits and losses.
Note
If you don’t know how to trade, often suffer losses, or you are a newbie, you can click on the link below my article, where I will share trading ideas every dayNote
The trend of gold this week fluctuates greatly, but our winning rate is very high. I will still bring you the latest market analysis next week. You can click on the link below my article, where I will share trading ideas every dayNote
As expected, gold still jumped above 30 US dollars, but it is obvious that the risk aversion sentiment has temporarily cooled down, and gold is expected to fall.Note
Note
There is a big negative line at the top of the golden four-hour line. This is a super bearish trend. It is directly bearish and downward, and it is also an obvious evening star. The K-line starts from above the moving average and directly falls below the support. There is no support below the K-line, starting a decline mode.Trade active
Note
If you are unsure about your entry point, you can click on the link below my article, where I will share trading ideas every dayTrade active
Note
Gold falls slightlyTrade active
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Note
Gold reaches target near 2345Note
The gold short order has made profits again. Congratulations to the friends who followed the gold short order.Note
If you don’t know how to trade, often suffer losses, or you are a newbie, you can click on the link below my article, where I will share trading ideas every dayTrade active
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