Hello everyone, I am your old friend Teacher Jin. Now let's analyze today's market:

The roads you have walked will become the scenery in your memories; all your experiences will become your wealth; the burdens you once had will become your gifts; the suffering you endured will illuminate the path to your future.

News:

Following the announcement that current chairman Bostic will retire at the end of February, the Atlanta Federal Reserve Board has initiated the process of finding the next chairman.

According to the Federal Reserve Act, regional Federal Reserve chairmen are elected by the B and C class directors of the bank, specifically those directors who are not affiliated with regulated financial institutions, and the final candidate must be approved by the Washington Federal Reserve Board.

The Atlanta Fed stated in a statement on Monday that the selection committee will be led by Atlanta Fed Board Chairman and Upwardly Global CEO Gregory Haile. The statement mentioned that the committee will seek public opinion throughout the process.

Technical Analysis:

Gold, which saw several upward movements yesterday, did not effectively refresh its high. The market began to come under pressure and fell sharply at midnight. This morning, the bearish trend has continued, and it has fallen back below 4300, showing relative weakness in the short term.

The four-hour chart has recorded consecutive bearish candles, and prices have also dropped below the MA20. It is currently hovering here, and looking at the upcoming closing situation, it seems likely to continue the downward trend. The short-term resistance is 4300, and we will focus on the recovery of this level in the afternoon.

12.16 Gold Operation Suggestions:

Gold trading suggestion: short at 4290/4300, stop loss at 4310, unexpected losses at 4315/4320 to be noted, target at 4270;

Investment has risks, and entering the market requires caution;

Suggestions are for reference only, and profits and losses are self-borne! #BinanceABCs #巨鲸动向 #美联储降息 #美SEC推动加密创新监管 #加密市场观察 $BTC $ETH $BNB