Gold continues to fall, and the decline is not bottomless!

Mondo Finance Updated on 2024-01-29

**Yesterday there was no new low, a little break 80 after the retraction, many people have begun to hope for 80, thinking that the short-term** has ended,**or the reversal is coming again, but will it be the case in real time?There are already signs of ** in the Asian and European markets today, **falling below the rectangle, will it really give a bullish chance?Let's take a detailed look at the analysis, more real-time analysis and real-time entry can be live.

We can see the data released last night, except for the CPI monthly rate exceeding expectations, the other data remain in line with expectations, that is to say, inflation has not changed much, from the CPI report, mainly housing and second-hand car data performance**, other inflation is still gradual**, but the speed of inflation has slowed down, losing the pressure on the Federal Reserve to continue to raise interest rates, and the subsequent inflation really has a chance to fall sharply?

I'm talking about a sharp fall, it's a little difficult to see now, from the perspective of inflation expectations, inflation in the next month, there are already signs of **, so I think that interest rate cuts will come soon, and finally it will be broken by the data, there is also PPI data released tonight, we can pay attention to the PPI data, but the most important thing tonight is not the data, but the interest rate decision, we have a dream first, this dream is called tonight will be an upset interest rate hike.

Since it is a dream, the possibility must be extremely low. The rest is to focus on Powell's speech, the last speech was hawkish, the market did not listen, this time it is the same, if the speech continues to be hawkish, the market did not believe it last time, this time it is to be returned, that is, to go ** down. If the interest rate is not raised this time, will Powell continue to talk about the possibility of tightening monetary policy?After all, no one said that it is completely impossible for the Fed to raise interest rates, and if it does not raise interest rates this time, how can it be completely hopeless next time?

Now the speed is slowing down, and it has indeed reached a number of support levels, if this position breaks down, the lower support can directly focus on the support near 1953, ** and the lower Bollinger Bands near the support. In the past, the bulls often said that they could also choose to return it, that is, **do not say the top, and now it can also be said, **do not say the bottom. We can focus on support, but we can't say it's over.

We can see that the range support has been broken down many times, and the flag channel, rectangle, and triangle have broken down many times. Almost visible patterns have been staged many times on the market, and almost all of the divergences we see are often repaired in these patterns, and then there is a big breakdown. So how do you look at ** at this time?Of course, there is still a four-hour divergence that has not been repaired, and we can focus on the four-hour divergence.

Then first of all, we have to repair the divergence of the daily line this time, which can be paid attention to, who will repair the divergence first in the four hours and the daily line, whether it crosses the 0 axis or crosses the 0 axis, it will be the time to repair the divergence in the later stage and get out of the real trend. In fact, I still look forward to **being supported in a certain position to get out of a good **, so that after repairing the four-hour divergence, I can continue to walk out of a large **, driving the daily line to continue to fall back and point to the 1830 position.

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