Liu Erfei: Should we chase after gold hitting a new historical high?
Recently, gold has directly refreshed its historical high, and market sentiment has also fluctuated sharply. From the news perspective, the uncertainty of the global economy has not dissipated, and subtle changes in geopolitical situations have firmly supported gold's safe-haven buying. At the same time, the monetary policy expectations of major economies have become the key to influencing gold prices. The market is all about speculating on the future interest rate direction of the Federal Reserve and other central banks, making capital allocation particularly cautious. Everyone is currently focused on the U.S. non-farm payroll data on December 24, and many short-term funds have exited early to avoid risks, which has further widened the fluctuations in gold prices.
From the current trend, gold is overall in an upward trend. The short-term moving average system is in a bullish arrangement. Although there are certain signs of overbought conditions on indicators, in a strong market, overbought status may persist for a period of time. At the resistance level, the pressure near the historical high needs to be watched. If it can effectively break through and stabilize, the upper space will be opened up.
(For reference only)
Big yellow sees around 4455-4445 northbound.
Target looks at around 4465-4475, breaking through to see 4485, 4490.
Disclaimer: The gold market analysis and operational suggestions provided by this account are for personal opinion reference only and do not constitute investment decision-making basis ##美联储回购协议计划 #比特币流动性 #加密市场观察 #ETH走势分析 #美国宏观经济数据上链
