A successful investor is not about how much profit he makes, but how well he controls risks. Since we cannot control the market, we must learn to control ourselves. Those who don't understand the stop loss will get deeper and deeper, and the longer they will get tighter. An investor can gradually become stronger after being baptized and tempered by the market for a long time, and this strength will be continuous and step-by-step. This strength is the foundation for embarking on the road to profitability. I think investment friends still need to have a rough judgment on the market. Looking for analysts is not just for temporary operating strategies. In fact, it is more about learning technology and analytical skills. And improve your own operating habits through the assistance of analysts, etc. If you make good investments while continuously improving your abilities, I believe you will go further on the investment road! After all, investing is a long-term process.
On Wednesday, affected by Federal Reserve Chairman Powell's speech, spot gold prices soared by nearly $33; after the Federal Reserve kept interest rates unchanged and announced that it would slow down the pace of reducing its balance sheet, gold prices rose sharply above the $2,300 mark on Wednesday. Additionally, Federal Reserve Chairman Jerome Powell failed to provide forward guidance on rate cuts for the rest of the year. Powell said that the next step is unlikely to be to raise interest rates, which also makes this NEW conference far less hawkish than market expectations, at least raising interest rates is not on the table. This statement caused the dollar to plummet and stimulated a surge in gold prices.
In today's short-term operation of gold, it is recommended to focus on long callbacks, supplemented by rebounds from high altitudes. The upper short-term focus will be on the 2325-2330 first-line resistance, and the lower short-term focus will be on the 2300-2295 first-line support.