Putin suddenly released a "big move" financial market turmoil suddenly

A brief analysis of the fundamentals:

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On Monday (February 21), tensions between Russia and Ukraine continued to escalate. Putin announced the recognition of the independence of the Donetsk People's Republic and the Luhansk People's Republic, and instructed the Russian military to ensure peace in the Donbas region. Risk aversion drove gold prices. It rebounded again and closed at $1,897.43 an ounce. The hope of the "Public-Bidding Meeting" peace talks, which had been highly expected by the market, is gradually fading. Russia and Ukraine have deployed a large number of military personnel and weapons in the border areas of the two countries. Gold prices continue to rise.

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Spot gold XAU/USD 4-hour chart

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A brief technical analysis:

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Looking at the 4-hour chart, the price of gold has been continuously rising in Changyang, and the short-term trend is strong. 1900 has become a watershed between long and short, the MACD red column has increased, and the RSI indicator has flattened. The probability of intraday fluctuations is high.

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Long-short turning point: 1900.00

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Resistance level: 1915.001930.00

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Support level: 1880.001865.00

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Trading strategy: bullish above 1900.00, target 1915.001930.00

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Alternative strategy: bearish below 1900.00, target 1880.001865.00