GOLD: continue to buy TP: 2050-2060
Updated
The Federal Reserve raised the benchmark interest rate to 5.00-5.25% as scheduled, and deleted the rhetoric that it may be appropriate to increase tightening in the post-meeting statement, which is equivalent to implying that this round of interest rate hikes has ended, and there is a high probability that there will be a stop to increase interest rates next The interest rate scene is a big plus for gold.
In the short term, gold can continue to be bullish. At present, the gap between 2035 and 2040 has been filled, and it has successfully stood above the pressure of 2040. Next, we will look at the pressure around 2050 and 2060
From the hourly chart:
From 1975 to 2080, 80.9% of Fibonacci is here at 2060.
The 618 position of the 2030-2080 wave trend is also around 2060.
Therefore, gold has the possibility of continuing to test the high point for the second time
I notified BUY@2035 this morning, and it has successfully arrived at TP1: 2040, and I will continue to watch TP2: 2050, or even 2060.
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