Supported by expectations of interest rate cuts, gold continues Market-King1によるOANDA:XAUUSDの分析

Yesterday, on Monday, we believed that U.S. inflation was slowing down, and investors had high expectations for the Federal Reserve to cut interest rates in June, which supported the rise of gold. Therefore, it is recommended that everyone treat it with a shock mentality. The upper pressure will focus on $2,265. Secondly, $2275, support below will focus on $2250, followed by $2234

Judging from the subsequent trend, after gold encountered resistance at the intraday high of $2,265, it fell back in short-term shocks. From $2,260, it continued to fall to $2,228, and then rebounded. The rebound trend continued on Tuesday, with the gold price rising to a maximum of $2,262. Currently, It is trading near $2,260, maintaining an upward test. Overall, the short-term trend of gold is basically operating between the support and pressure levels we have given.

I think that since the Federal Reserve’s March meeting, it reiterated that it may cut interest rates three times this year, which has once again heated up the market’s expectations for the Federal Reserve to cut interest rates. This has played an important supporting role in gold’s rise again. The US PCE data released last week showed that US inflation The slowdown has further helped gold hit a new all-time high. Currently, investors still have high expectations for the Federal Reserve to cut interest rates in June, and there is a possibility that gold will continue to rise.

In terms of news, the Federal Reserve kept interest rates unchanged in March, but Federal Reserve Chairman Powell reiterated that it is expected to cut interest rates three times this year. This shows that the recent overheating inflation has not changed the Fed's plan. The market's expectations for the Federal Reserve to cut interest rates have increased. Gold has ended its adjustment and has risen again. , and continue to set new historical highs. The U.S. fourth-quarter PCE data was lower than market expectations, showing that core inflationary pressures have eased. The February PCE data recorded the smallest increase since March 2021, indicating that U.S. inflation is slowing, indicating that the Federal Reserve may start cutting interest rates in June. Gold bulls took profits on Monday, and the U.S. ISM manufacturing data for March was impressive, setting a new high since September 2022 and returning above the 50 boom-bust line. Gold fell sharply in the short term, but supported by expectations of interest rate cuts, gold prices have recovered all losses.

On the daily chart, since the Federal Reserve meeting in March reiterated that it may cut interest rates three times this year, gold has ended its adjustment trend, surpassed the short-term downward pressure line, and restarted its upward trend. The price of gold has continued to set new historical highs, and its performance is very strong. There is pressure on gold, focusing on the historical high of $2,265. The price of gold is currently on the rise, and there are opportunities for breakthroughs.
Gold intraday reference: Investors have high expectations for the Federal Reserve to cut interest rates in June, which continues to support the rise of gold. At present, gold continues to test upward, and is temporarily suppressed by the historical high near US$2,265. If it achieves a breakthrough, it will have the opportunity to test US$2,275, and it will continue to strengthen. The upper space has the opportunity to test US$2,300. If it encounters resistance, it will start to fluctuate at a high level. The support below will focus on US$2,245. Secondly, $2228.

トレード稼働中

The recent roller coaster ride of gold has been a rollercoaster of ups and downs. I hope all my friends can make money. God will love each of us. I will send some free trading signals in my channel. It is also a great honor to help friends make money.

トレード稼働中