3.19 Gold continues to peak, waiting for the Fed's interest rate

19 Mar

The gold market continued to rise strongly after opening yesterday, reaching the highest point of 3038 and then consolidating at a high level, with no obvious adjustment in the middle. Although we determined that the market would surge, it was still stronger than expected. The daily line finally closed with a big positive line with a slight shadow line. After this pattern ended, the bulls in today's market are still there.

Resistance level: 3045 3050

19 Mar

İşlem aktif

At the daily level, the current MACD golden cross is running with large volume, and the dynamic indicator STO is repaired upward, indicating that the daily line is still in a bullish pattern. Yesterday's big positive pull also represents a bullish idea. According to the extension line, the high resistance is at 3061-62, and today's suppression is at 3048-52.

19 Mar

İşlem kapandı: hedefe ulaştı

You can pay more attention to the future trend of gold from three aspects

1: The market is in fierce competition between long and short positions. Institutions say that the EC market remains volatile and the geopolitical catalysis is of limited sustainability; 2: Terminal demand is weak. Institutions expect the short-term coking coal market to fluctuate weakly; 3: After Ramadan, it will enter the seasonal production increase stage. Institutions say that palm oil prices may be under pressure.