On February 23, spot gold continued to hover near the $1,900 mark. Although Russian President Putin . Putin acknowledged two separate regions of Ukraine and ordered the dispatch of military forces to the region, resulting in the West imposing sanctions on Russia, the situation is not enough to affect the global economic recovery. The prospect of the Federal Reserve hike rate continues to restrain the rise in gold prices. The United States and its allies have already sought to step up sanctions against Russia, targeting the Russian economy and the circle of trustworthy confidants of President Putin. Before this crisis subsides, it is difficult for gold prices to fall overall.
Gold analysis:
Gold revises as expected during the day, and retreats below 1890 during the European session. Although there is a rebound at present, the momentum seen is limited, but its overall momentum remains high.
According to the structure of the hourly chart, gold in the evening focuses on the 1890 first-line competition test. This position is the support of the trend line at the hourly chart level. If it fails, it is likely to trigger a technical band-level pullback in the market. In addition, there is currently no new positive news stimulation in fundamentals , and market sentiment tends to fade, so it is more likely to trigger a technical revision adjustment. Once 1890 falls, short-term below is likely to retreat to around 1880 or even 1870. At night, we will still pay attention to the competition for 1900 and the pressure around 1906-08. If the market returns to above 1900 again, the short-term trend is expected to continue to remain high. If the market stands above 1908, it is very likely that there will be new news stimulation from fundamentals. In short, it is difficult for gold to have momentum to support it in technology, and the backlog of adjustment demand is gradually increasing. However, the most uncertain factor currently has the risk of fundamentals, pay more attention to the news related to the situation in Russia and Ukraine.
In the evening operation, the main idea is to focus on choosing highs and shorts. After all, the current trend of Russia and Ukraine has faded, but new burst news may break out at any time, stimulating the risk of gold rising again. Therefore, in terms of operation, only short-term participation is required, control position , and strictly lead stop loss to prevent sudden accident risks.
1: If there are short-term 1890-88 within the day, you can reduce your position first in the 1895-97 area to change to a stop loss. If you look at the remaining orders, then look at the 1900-02 reduction separation. You can also leave some orders and look at the 1905-08 area to reduce the separation. If you retreat 1890-88 in the evening, can you participate in short long? Adjust it according to the actual market situation,
2: If the evening market rebounds 1900-02 and 1905/06, you can then short short and manually stop loss above 1908. The target will still first look at the 1895-90 area to reduce positions and change to guaranteed stop loss. Leave the remaining orders to try to see the 1880 or even 1870 expectations.
(Note: The above views are for reference only and are not used as investment basis. If you operate based on this, you will be responsible for your own profits and losses)
Text/Jinyuan Financial Management/Professional International Market Comments, for actual market participants, considering that some market windows have a certain timeliness for real-time trading, you can pay attention to the author, so that you can choose a suitable strategy to operate. Have in-depth research on commodities such as gold, crude oil, silver, etc. If you do not make smooth orders or your investment often shrinks funds, then you can pay attention to Jinyuan Financial Management himself.
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