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Gold investment and trading skills in 2021: fundamental and technical analysis of gold price trends, how do you see gold prices?

2022-03-23
1776
  1.Fundamentals:

  On the evening of Tuesday(September 14),the United States announced that the annual rate of CPI in August was 5.30%..After the release of U.S.inflation data in August,the market and investors expected that upward pressure on inflation may be beginning to weaken,indicating that inflation may have peaked,easing previous market expectations for the Federal Reserve to start tapering bond purchases at its September meeting on interest rates.Before the U.S.market,spot gold bottomed near the 1780 mark in the short-term and then quickly rose.It finally closed up 0.61%at US$1,804.1 per ounce;spot silver followed the gold price soaring,once approaching the 24 mark,and finally closed up 0.46%at US$23.84 per ounce.

  Markets and investors are widely expected to discuss scaling back its bond-buying program at the Federal Reserve's rate-setting meeting on Tuesday and Wednesday.The CPI data released yesterday evening may be the only data that the market and investors can refer to in the near future,and the data will set the tone for the Fed policy meeting next week.Although in recent weeks,some Fed voting committees have said they believe it should start reducing the size of bond purchases as soon as possible.But Fed Chairman Jerome Powell said at a global central bank meeting that he would like to see a stronger jobs report before announcing cuts in bond purchases.The CPI data released on Tuesday night eased expectations that the Federal Reserve will cut bond purchases in September,but inflation has not slowed down enough for the Fed to change direction,and gold prices are expected to remain range-bound in the short term.

  2.Technical aspects:

  Gold(GOLD1000):

  Judging from the 1H cycle chart of spot gold,the price of gold fluctuated in the range of 1783.0-1803.0.Yesterday,the price of gold broke through US$1803.0 under the favorable CPI data of the United States,and then rose to around 1808 and fell back.Looking at the entire 1H cycle chart,it can be seen that after the gold price touched high around 1834.0,it returned to the left shoulder and oscillated again.It is expected that the gold price will remain range-bound before the announcement of the Fed's interest rate decision next Wednesday.In terms of operation,continue to adhere to the channel operation idea.The gold price is near the upper track of the channel(1803.0-1807.0),and the wet warehouse enters the market with empty orders.For intraday operations,you can consider trying to do more at 1783.0-1803,which is the middle rail of the channel,that is,near 1793.

  Day Trading Strategy:

  Long order:try to go long near 1793.0,stop loss at 1787.0,and target near 1802.0 and 1825.0.

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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