Gold analysis layoutOn March 20, the Federal Reserve kept its benchmark interest rate unchanged at 4.25%-4.50%, in line with market expectations, indicating that uncertainty in the economic outlook has increased. The dot plot shows that two rate cuts are expected in 2025, consistent with December last year. In addition, the Fed will begin to slow the pace of balance sheet reduction on April 1. Recent indicators show that economic activity continues to expand at a solid pace. In recent months, the unemployment rate has stabilized at a low level and labor market conditions remain strong. Inflation levels remain high. The committee's goal is to achieve maximum employment over the long term and maintain inflation at 2%. Uncertainty in the economic outlook has increased. Uncertainty about the economic outlook has increased.
Gold fluctuated sideways on Wednesday, running in the range of 3045-3022. We have basically grasped the intraday market profits. From the current market, it should be noted that while maintaining the bullish bullish trend, this wave of increases should be treated with caution. The possibility of a change in gold prices is expected to increase at the end of the week. From a technical point of view, the trend is definitely bullish. Under the big positive weekly line, although there is no peak for the time being,
The H4 cycle has formed an absolute divergence at a high level, and a strong squat may appear at any time. The trend support of the daily cycle has two points 3000 and 2955. It seems that the price span is relatively large, but it is easy to fall. The support point of the H4 cycle is near 3015, so the key point in the short term is 3015. Once it breaks, it will no longer be so strong, and it is likely to go directly to 3000.
Investment strategy: Gold 3045-3055 short, target 3030-3020
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