Analysis of gold trend on 2.26th

evvelsi gün

Spot gold fell below $2,900 an ounce for the first time since February 18, after U.S. consumer confidence suffered its largest monthly decline in more than three years in February.

Interpretation of the news: With the Federal Reserve remaining cautious and the Trump administration increasing policy uncertainty, the U.S. dollar and gold markets have diverged. At present, the market's focus is still on the Federal Reserve's economic data in the next few months and the Trump administration's policy implementation. The trends of the US dollar and gold may continue to be dominated by these factors. This Friday, the United States will release the core personal consumption expenditures (PCE) price index, which is the inflation indicator that the Fed pays the most attention to. The market expects the data to fall to the lowest level since June last year. If the data meets expectations, it may further strengthen the Fed's reason for cutting interest rates and continue to support gold prices. However, if the inflation data is strong, the Fed may remain more cautious on the issue of interest rate cuts, which may put some pressure on the short-term trend of gold.

Analysis of gold trend: Gold fell all day on Tuesday, and the US market also ushered in a waterfall dive. It fell from 2944 and reached a low of 2888 as of the time of posting, with an overall decline of 56 points. Although there is a small rebound now, it is still fluctuating below 2900. Now the technical indicators are all in a bearish state and have no reference significance; now it mainly depends on the consolidation of the late trading, using time to exchange for space consolidation.

From the hourly level, the decline of gold prices in the US market directly broke through this week's low of 2921 and 2900. Now the low support is converted to a high suppression reference. Secondly, there is the psychological pressure of the 2900 mark. If the closing price of gold is still below this position today, then Wednesday will still be dominated by rebound shorting. If it effectively stands above 2900, then pay attention to the rebound repair of gold prices in the Asian market on Wednesday;

Specific operation suggestions:
1. If the gold price closes above 2900 on Tuesday, short and sell near 2915 with 2922 as protection in the Asian session on Wednesday, and then observe the break of 2900;

2. If the gold price closes below 2900 on Tuesday, then wait for the gold price to rebound and recover to around 2905 in the Asian market on Wednesday and go short and watch the breakout of the low of 2888;

3. As for the long operation, our team of professional and senior gold trading analysts recommends waiting for the gold price to break below 2888, then going long near 2880 to see a rebound, and focusing on the 2900 target above.

evvelsi gün

İşlem aktif

Intraday trading must be a range market. After yesterday's plunge, today's rebound was under pressure near 2930 and then weakened again. The short-term trend is weak. After yesterday's sharp drop, it closed at 2915, which is weak, but it did not break a new low in the early Asian session today, and the possibility of breaking a new low again today is also very small, but the European session was under pressure near 2930 to form resistance. The focus below is on the second rebound opportunity of short-term stabilization near 2905-2900. In the next day, it is likely to maintain operation in the range of 2930-2900. The European session is weak, and the rebound before the US session relies on 2930 for short-selling. Once the 2905-2900 area is touched before the US session and a small level of stabilization occurs, it can also be short-term long, or it is still a range shock.

evvelsi gün

İşlem kapandı: hedefe ulaştı

Gold in the US market is expected to continue to be under pressure and fluctuate weakly below the 5-day and 10-day lines. As long as the market cannot stand above the 5-day and 10-day lines, the bullish selling sentiment may gradually accumulate and intensify over time, and another sharp drop may occur at any time. The bottom continues to focus on the competition for the 2900 integer. Technically, it is more inclined for the market to retrace the 20-day line around 2888 before testing. If the cycle is extended, we still expect the market's risk aversion to cool down significantly. The short-term resistance above is at 2918-2922.