Fundamentals:
On Tuesday (February 21), the price of gold maintained a range of 1843-1830, and the daily line closed with upper and lower shadow lines and small Yin lines.
Today's data
no important data
Technical aspect:
On the daily line, the golden daily line closes with a small Yin line with upper and lower shadow lines. It is currently running near and below the short-term line. The 5-day and 10-day moving averages have begun to flatten, and the mid-term line has flattened and bonded. MACD is running downward, and KDJ is running upward. Indicators have no clear direction.
The Fed's interest rate hike is coming to an end, the situation in Ukraine and Russia remains unchanged, and the fundamentals are still in favor of the bulls.
Gold continued to fluctuate in the low range yesterday, and it was still operating under the pressure of the short-term line. In the near future, the focus will be on whether it can break through the short-term line. 1900 becomes possible, if not, it will continue to fall and test new lows after oscillating near and below the short-term line. In the short term, it may fall into shocks and bumps near the short-term line, and then go out of the direction. Today, focus on the pressure of 1846-1850 at the top, and focus on the support of 1830 and 1820 at the bottom. Before breaking through this range, you can sell high and buy low. (Swing midline trading opportunity reminder: 1825-1820 layout long order, stop loss 1817, target 1830-1845-1870-1890-1900-1920-1950-2000.)
Pressure: 1846-1850-1855-1860-1870-1890-1900-1910-1920-1960
Support: 1830-1820-1800-1760
Spot gold:
1.1846-1850 short position, stop loss 1853, target 1840-1835-1830-1825-1820-1800
2. More than 1825-1820, stop loss 1817, target 1830-1840-1850-1870-1890-1900-1920-1950-2000