GOLD-Pay attention to whether interest rates are cut
The position report of SPDR Gold Trust, the world's largest gold ETF, shows that the institution reduced its holdings by 2.01 tons again yesterday. This is also the twentieth time this year it has reduced its holdings.
Fed Governor Waller said in a speech that Fed policymakers should postpone interest rate cuts for at least a few more months to see whether the recent rise in inflation indicates a stagnation in the price stability process or is simply blocked.
In the near future, the market also needs to pay attention to whether the Federal Reserve can implement the decision to cut interest rates in March.
Yesterday gold broke through 2033, but it did not continue to rise. Every time it broke through, I would trade to follow the trend, but unfortunately, it hit SL yesterday, so I can judge that the resistance here is very strong.
Strategy 1:
Xauusd:sell2026-2029-2033
TP:2020-2016
SL:2036
Strategy 2:
Xauusd:buy2005-2008
TP:2013-2016
I have the above two strategies for your reference. Everyone’s trading methods will be different. As long as you control your positions reasonably, you will definitely be able to make profits in the market.
The area around 2015 is also a relatively important support. You also need to observe the strength of the support here.
Join me, I will share my ideas and strategies every day, so that you can learn how to trade yourself
