GOLD-Waiting for direction selection

As March approaches, there have been major changes in the bond market recently. Bond traders no longer expect the Federal Reserve to cut interest rates by more than 75 basis points this year, which may be consistent with the results suggested by the Federal Reserve's December dot plot.

Focus on the PCE data this Thursday, which will have an impact on the interest rate decision in late March.

The current market sentiment is extremely unstable. Gold did not fluctuate much on Monday and Tuesday, and it is expected that there will not be big fluctuations today.

If gold cannot break through 2041, it will not be able to open up room for growth. The lower support range is around 2025, and the current small range is 2025-2041.

My suggestion today is still to buy in the support range and sell in the resistance range, but try not to exceed 10% of your position.

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Kommentera:

As long as you buy near the support point 2025 today, you will be profitable today