Zhang Wenhui The Federal Reserve released doves to help gold reverse crude oil

Mondo Finance Updated on 2024-01-29

**Yesterday's downward rebound, the daily line of the sun closed up, the technical side in the inertia of the 1973 low point after the rapid start of the stabilization, Europe and the United States around 1980-1990 after the scramble, stimulated by the news. The Federal Reserve unexpectedly released a dove, helping gold prices to rise. Betting on Fed rate cuts continues to grow, with rates tied to the Fed's meeting date** pricing in six rate cuts, or 150 basis points, by the end of next year. Boosted ** to regain the 2000-2010 integer mark in a row. This bit regained to form a technical reversal, and the daily long white line closed higher, one yang swallowed three yin, breaking the ** trend. ** Stronger.

The 4-hour chart has rebounded after a wave of downward probing and finishing to regain lost ground, re-approaching the 2041 high, the Asian market may pause slightly, but the day is strong, ** in the upper shadow line, breaking through 2041 will continue to touch the high, the second confirmation of the high. The intraday operation relies on the 2010 long critical point, and the dip is long. Strong is not deep, deep is transferred**. Combined with the pattern of retracement and stabilization, the initial plan is to step back near 2020-2024 to defend 2010 and target 2041 to break through to see 2060-2070

**Yesterday's downward rebound, the daily line** Xiaoyang, inertia fell as low as 67The 71 line started to stabilize, and the previous low of the weekly line coincided with the support**, forming a small level of downward rebound, and the daily line slightly stopped falling and stabilized.

On the 4-hour chart, a wave of Lianyang** broke the weak** and returned to the vicinity of the middle track**, judging from the **situation**, **is still **strong. The hourly chart relies on 6770 rebounded and stood firm at 6890 conversion rises, today's ** operation relies on 6890 to do defense homeopathy first, at the moment it is**. Can the space for the market outlook break through 720 decides whether to reverse or not. Intraday ** operation stepped back on 6930-69.Around 50 and more defend 6870 Goal 7050-71.0.

[Disclaimer: The above views are for reference only, investment is risky, and you need to be cautious when entering the market.] 】

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