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Technical analysis of real-time gold price trend on September 14, 2021: gold price tends to fluctuate in the short term

2022-03-23

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　　Gold:The recently announced U.S.producer price index(PPI)rose strongly in August,and hit the biggest gain in nearly 11 years.The United States is facing greater inflationary pressure.Once inflation is at risk of running out of control,the Federal Reserve may take tightening actions in advance;on the other hand,rising PPI will also push the yield of 10-year U.S.bonds to a certain extent,which may limit the upside of gold prices..

　　In addition,gold ETFs outflowed US$1.3 billion in global assets under management in August,which means that the investment demand for gold has dropped significantly,which may push the price of gold further down.

　　golden hour chart

　　Technical analysis of real-time gold price trend:On the daily line,the previous trading day rose slightly and closed with a small Yang line,showing that there is certain support below.It has been sideways for several consecutive trading days,showing that the recent market is volatile.During the day,focus on the first-line pressure of$1,805 above,and the first-line support at$1,770 below.

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Technical analysis of real-time gold price trend on September 14, 2021: gold price tends to fluctuate in the short term

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