GOLD-analyze
Updated
Data showed that the U.S. personal consumption expenditures (PEC) price index rose 0.3% in January and the core PCE price index rose 0.4%, putting pressure on the dollar and making gold cheaper for investors holding other currencies. Fed officials have chosen to downplay recent data showing a rebound in price pressures last month and instead focus on overall progress on inflation. They said overall progress in inflation would likely set the stage for a rate cut later this year. Another report showed that initial jobless claims increased by 13,000 in the week ended February 24, to a seasonally adjusted 215,000. Today’s key data focus: the final value of the Markit Manufacturing PMI in February in the United States, the final value of the University of Michigan Consumer Confidence Index in February, the ISM Manufacturing PMI in the United States in February, and the monthly rate of construction spending in the United States in January.
The important resistance range above is 2052-2055, and the support range is 2032-2038
Today you can still wait for the support range to buy, or the resistance range to sell, and make reasonable arrangements according to the funds, so that you have a high chance of making a profit.
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Note
As long as you follow my strategy, you should have made a profit todayNote
The final value of the University of Michigan Consumer Confidence Index in February in the United States, the ISM Manufacturing PMI in the United States in February, and the monthly construction expenditure rate in the United States in January will be announced soon. If you hold a sell order, you can start to reduce your position now.Note
If you had followed my advice to reduce your position, you would have avoided a loss now
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