The purpose of trading is to make a profit, not to trade for the sake of trading, so you must understand what kind of operation to take at what stage the price is in, instead of blindly following the trend! Traders are not always long, nor are they always short, traders always change with market changes! You must have your own defense system to control the risk! Risk control, money management must have in your transaction! Investment is risky, please control the profit and loss by yourself, please pay attention to or consult me for details, technical explanation, gold and crude oil analysis guidance
Gold news side:
On Tuesday (March 14) at 20:30, the United States announced the inflation report for February, and the overall and core CPI annual rates were in line with expectations and lower than the previous value. As of press time, spot gold fell $10 to $1895.28 an ounce and then rebounded nearly $16 to $1911.79 an ounce. Specific data show that the annual rate of CPI in the United States in February was in line with the expected value of 6%, a drop of 0.4 percentage points from the previous value; the annual rate of core CPI in the United States in February was in line with the expected value of 5.50%, which was lower than the previous value of 5.60%. Spot gold fluctuated lower as U.S. inflation data continued to be high, which may affect the overall economy.
On Tuesday, the U.S. Department of Labor announced that the highly anticipated consumer price index (CPI) rose 0.4% last month, the lowest since December 2022, following a 0.5% month-on-month rise in January. The in-line CPI data showed that it was difficult to see a recovery in expectations that the Federal Reserve will raise interest rates by 50 basis points next week. Inflation hasn't come down (dramatically), but that's not a strong number either. Clearly, what the Fed has to consider now is financial stability. Some people want to ignore this month's CPI report, because the banking crisis may cause the Fed to slow down the pace of rate hikes (or stop raising rates altogether). That may be the right thinking in the short term, but the report is still very important for the Fed's policy in May and beyond. Some analysts have said the Fed is unlikely to rein in inflation and that its aggressive rate hikes will undermine financial conditions and push the economy into recession. These shifting interest rate expectations and rising safe-haven demand should continue to support gold prices for the rest of the year, analysts said. Many analysts continue to expect gold prices to hit record highs this year.
Gold trend analysis today:
The level of the golden hour line continued to rise and rise overnight, and it was still under pressure in early trading today. The overnight high of 1914.5 was tested for a wave of backtesting. In the afternoon, the support mid-rail rebounded again or suppressed 1914. At this time, the European market rushed up and down again, which can be said to be 1914 - sideways in the range of 1895; however, the position of the middle rail has been lost. Once 1895 is effectively broken, it will continue to go down to test the 1890 line, which is the top-bottom transition point; if it can continue to break, it will return to yesterday's Asian market In the interval of 1890-1870; the position of the gap is still concerned about 1865-60, it will have to be repaired sooner or later, it is a matter of time. On the whole, today's short-term gold operation idea suggests rebounding and shorting as the mainstay, supplemented by callbacks and longs.
Operation idea:
Strategy 1: Gold rebounds around 1910-1912, stop loss 6 points, target around 1900-1895, break the position and look at the 1890 line;
Strategy 2: The gold callback is around 1888-1890, the stop loss is 6 points, the target is around 1900-1905, and the position is broken to see the 1910 line;
Crude oil news:
International oil prices fell more than 4% on Tuesday, March 14, hitting their lowest in three months after U.S. inflation reports and the latest U.S. bank failures sparked fears of a new financial crisis that could reduce future oil demand . The two crude benchmarks had their lowest close since Dec. 9 and also posted their biggest one-day percentage losses since early January. Additionally, both indicators fell into technically oversold territory for the first time in weeks. Shockwaves from the collapse of Silicon Valley Bank (SVB) sent bank stocks volatile, with investors concerned about the financial health of some banks, despite assurances from U.S. President Joe Biden and other global policymakers. U.S. consumer prices continued to rise strongly in February and Americans faced rising rent costs, posing a dilemma for the Federal Reserve after the collapse of two regional banks complicated its battle against inflation. Oil prices could remain under pressure if the collapse of SVB leads to a broader reassessment of lending standards and balance sheets by the institution.
Crude oil trend analysis today:
Crude oil tested lower and lower track yesterday, the lowest hit 72.30. At the low point of the previous range, it closed at a neutral position of 74.50 in late trading. However, due to the high opening price, the daily line still harvested the bardo K line, but with a longer downward trend hatching. The daily line is still in a wide range and needs to be broken. Although it dropped yesterday, it did not close below, and no effective break was formed. Some parts will seesaw repeatedly, waiting for a breakthrough. The K-line pattern in the 4-hour chart is messy, a bit of a see-saw movement. Since the interval has not been effectively broken through, there is no unilateral view for the time being. In terms of operation, the time point is still stuck in the European and American markets. The lower track range is not broken, and the short-term is still treated with a shocking thinking. In the volatile market, the point is more tested, and the direction is second, so the entry point should be determined after walking out of a certain range.
Operation idea:
Mainly to rebound from the high altitude, supplemented by stepping back to the low and long. The top short-term focus is on the 74.0-75.0 first-line resistance, and the bottom short-term focus is on the 70.0-69.0 first-line support.
The article does not have too much gorgeous language and chicken soup, purely technical analysis posts, I believe that what every reader lacks is not chicken soup, but real analysis and powerful theories, writing is not easy, I hope to bring you some trading experience Help, and finally I wish you all a happy transaction.