Gold: The US March CPI and meeting minutes to be announced tonight are the highlights of this week. In particular, the CPI data is expected to be significantly lower than the previous value, from 6% to 5.2%, which means that there may be a significant decline in inflation, but if the data is higher than 5.2%, it indicates that the decline in inflation is slow. With strong stickiness, it will inevitably increase the probability of the Fed raising interest rates in May.
Combined with last week's non-agricultural data , the job market is strong, and the market is also worried that the Fed will be hawkish . The decline in gold in recent days is related to this.
Technically: Gold bounced upward after hitting a low of $ 1,981 recently. Combined with the trend of $2,031, the general direction is still bullish, but the possibility of a short-term sharp drop cannot be ruled out. .Focus on the resistance of the $2020 line at the top, the support of $1985 at the bottom, and look at the $1960 line if it falls below.
Operational suggestions: high altitude is the main trend, and low and many callbacks are supplemented. At present, the current price of gold is directly empty, and the profit stop point should be controlled by yourself, please bring a stop loss!