Focus on data this week:
On Monday, the U.S. ISM manufacturing PMI in March and the U.S. construction spending monthly rate in February
On Tuesday, U.S. JOLTs job vacancies in February and U.S. factory orders monthly rate in February
On Wednesday, U.S. ADP employment numbers in March, U.S. ISM non-manufacturing PMI in March, EIA crude oil inventories, strategic petroleum reserve inventories, OPEC ministerial meeting
On Thursday, the number of layoffs of challenger companies in the United States in March and the number of initial jobless claims for the week, Philadelphia Fed President Harker’s speech
On Friday, 2024 FOMC voting committee member and Richmond Fed President Barkin spoke on the economic outlook, Cleveland Fed President Mester spoke on the economic outlook, the U.S. non-farm payrolls after seasonally adjustment in March, and the U.S. unemployment rate in March.
I said last week that if gold breaks through 2200, it will change the form of a head and shoulders top and continue to rise. But this rise is really unexpected. The monthly, quarterly, weekly, and daily lines are all The market was closed almost at its highest point
What everyone is currently concerned about is how long the rise in gold can last, or how high it can go? In fact, all the current predictions of reaching the top position have no basis. They are just talking about whether there is logic and whether it can be convincing. But regardless of whether there is logic or not, I do not recommend blindly opening short orders now. You need to wait for the natural appearance of the top. to follow. The top has not yet appeared.
Now we can only follow the trend and wait for the support point to buy. The support point below the small cycle is 2245, 2234
But gold has risen too much, and the current short-term resistance point is near 2275, so for this week's trading, use small lost
But gold has risen too much, and the current short-term resistance point is near 2275, so for this week's trading, use small lost
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Those who buy at support points have good profits
