Fundamentals:
On Monday (February 13), the price of gold fell from around 1866 to around 1850, and the daily line closed with a negative line.
Today's data
Technical aspect:
On the daily line, the gold daily line closed at the negative line, currently running below the short-term line, the 5-day and 10-day moving averages are running down, the mid-term line is still running upwards, MACD is running down, KDJ is running down, and the indicators are bearish.
The Fed's interest rate hike is coming to an end, and inflation has continued to cool down recently. The situation in Ukraine and Russia remains unchanged, and the fundamentals are still in favor of bulls.
Gold continued to fall yesterday, and the daily line continued to fluctuate downward. In the short term, it is likely to continue to fall to a new low. It is expected that there will be no chance of a rebound in the short term to correct the 1900 mark. It is to fall to 1830-1800 first. This probability seems relatively high. Then in the short term, we can only rebound from low positions and high altitudes to take advantage of the trend. Today, focus on 1870 and 1885-1890 pressure at the top, and focus on 1850 and 1830-1820 support at the bottom, mainly rebounding from high altitudes. (Swing midline trading opportunity reminder: 1890-1900 layout empty orders, stop loss 1910, target 1880-1860-1850-1830-1820-1800.)
Pressure: 1870-1885-1890-1900-1910-1920-1960
Support: 1850-1830-1820-1800
Spot gold:
1.1868-1870 empty, stop loss 1873, target 1860-1850-1830-1820-1800
2.1885-1888 empty, stop loss 1892, target 1875-1870-1860-1850-1830-1820-1800