Today's Thursday spot **continues**.
Gold prices continued in the first 6 trading days as the opportunity cost of holding non-yield assets such as ** has risen as the Fed is expected to keep interest rates at current levels for an extended period of time, so higher interest rates have increased the opportunity cost of holding**. The opportunity cost of holding non-yielding assets such as ** has risen as the Fed is expected to keep interest rates at current levels for an extended period of time, so higher interest rates increase the opportunity cost of holding**. Spot ** fell to the 1990 area.
According to the source, Powell stated that the United States urgently needs a legislative framework for stablecoins, and also emphasized the importance of congressional authorization for the adoption of digital dollars.
U.S. prices rose more than expected in January, reinforcing expectations that the Federal Reserve will keep interest rates unchanged in March. The U.S. dollar index rose sharply during the U.S. session and briefly approached the 105 mark, hitting a three-month high.
Spot** plunged nearly $40 before the U.S. market, falling below the $2,000 mark for the first time in two months, and fell to an intraday low of $1,990 at one point.
At present, the lower support is at 1980 and 1970. Regardless of whether ** stabilizes in these two positions next, it will set off a wave of reversal, which needs to be noted.
At present, it is a five-wave structure, so if ** stabilizes and reverses from 1980 or 1970, then there is a high probability that it will be the bottom of three waves. The bottom of the first wave is currently here in 2015, so if it is reversed from the third wave, then there is a high probability that it will go around 2015. Therefore, at present, it is definitely impossible to chase shorts, and it is necessary to wait for 1980 and 1970 to stabilize, and enter the market to do long to win the four waves of reversal.
Today in terms of operation, after Tuesday's large-scale, yesterday formed a narrow range **, today is expected to be repeated in the day, above the focus of 2006-07 here in the center, below the 1986-80 break will accelerate downward again, so today's intraday temporarily look at the finishing, the Asian low below the defense in 86 here first do **, if not to wait for four hours to change the line guidance to close above the lower line, directly into the long, above 06-07 at any time to see the position short, Other points are optimized and then prompted offline.