Gold growth due to inflation concerns

Hello my dear friends,

Friendly talk:
Unfortunately, my previous analysis, which showed sales in gold, did not turn out well and gold grew. We must accept that no analysis can be 100% correct, and therefore if we want to enter into a deal, we must observe money management.

Fundamental analysis:

The reason for the growth of gold was due to concerns about rising inflation. Unfortunately, the Federal Reserve does not intend to raise interest rates at this time, and we learned this from the last meeting of the Federal Reserve, as well as the talk of its members, and right after the FOMC meeting, the Vix index began to rise, which led to gold growth.
My analysis of the new gold situation is that gold will continue to rise, and I think this will continue, at least as long as the Federal Reserve does not talk about interest rates and eliminate inflation concerns.

Technical analysis:
In the daily timeframe, we currently have an uptrend where the price is in an important area (1862.5 - 1870.90). Looking back at the chart at lower times such as 4 and 1 hour, we realize that this area is an area where there are many orders, and yesterday gold attacked this area and activated some stops.
The next target for gold will be the 1880 price range, but there are areas along this route that can be rested in gold, which are highlighted in the image inside the yellow boxes. Since the movement of gold in the daily time frame has been done without any correction, I think it needs to be corrected, and this correction can be done until 1830, which is a strong support area, and then continue to grow, and if this area fails, The next support area will be 1813, which is a correction of 50% uptrend and P2 in the upward trend. The points marked with a green circle are good places to buy gold.

I hope my analysis is useful to you.
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