Daily discussion of gold | Gold prices have a short -term rebound repair needs

Guest: Gold Investment Analyst Wu Di

In terms of fundamental terms, the Fed announced the 75 basis points in the early morning of the morning to adjust the benchmark interest rate to 1.5%to 1.75%, which is the largest interest rate hike in the Fed since 1994. In terms of interest rate decision -making, the Federal Reserve reiterated the dual goal of seeking full employment and long -term inflation to 2%. The long -term inflation target, and the labor market will remain strong.

Fed Chairman Powell said at a press conference that the latest 75 basis interest rate hike decisions are unusual and large, but in order to restore inflation to normal, it is expected that the next time may still raise interest rates by 50 to 75 basis points. After the Fed's interest rate resolution was announced, the US dollar index rushed up, and the price of gold was suppressed first.

From a technical point of view, the price of gold oscillated down yesterday, falling to the first support near $ 1841/ounce. The bulls failed to keep the position, and the gold price fell. After the test week, the second support of 1806 US dollars/ounce appeared to rebound significantly, indicating that the buying of this location was relatively strong, and there was a need for rebound repair in the short term.

It should be noted that the current price of gold is located below the $ 1860/ounce of $ 1860/ounce this week, indicating that the current market is still slightly short -term, and the oscillation is only regarded as a rebound repair market. In terms of uplink, pay attention to the resistance near $ 1841/ounce. If it can break through the location again, the gold price may once again challenge the watershed $ 1860/ounce. The downward aspects continue to pay attention to the support of $ 1806/ounce. The above suggestions are personal viewpoints for reference only.

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