Gold will continue to break out!

Hello everyone! Today i want to share some technical analysis with you!

1.

2330 successfully reached, did you enter the buy order?

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2.

Gold was blocked lower at 2344 and sell orders continue to take profits! $Gold - main 2406(GCmain)$

After the first half of the week's shock, the current gold out of the shock trend! 2342 pressure has been broken, fall back to adjust for a better rise! 2353 will continue to break through!

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3.

$Cboe Volatility Index(VIX)$ Intraday will focus on the United States in March core PCE price index annual rate, the United States in March personal spending rate, the United States in April, the University of Michigan Consumer Confidence Index final value of the data, the market is expected to be more favorable overall probability of gold prices.

But the rebound can hold to the short-term averages above, is one of the basis of whether the bullish again, or will fall into the range sideways finishing.

4.

4H trend, gold is expected to continue to fall back to adjust in the European market!

Gold is now quoted near 2341.5, short term entry sell orders (2342-44)!! $XAU/USD(XAUUSD.FOREX)$

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5.

Gold daily chart to see, the daily K, stochastic indicators dead fork oscillation downward running, temporarily is partial to the short; indicators did not convert the golden fork, then will not rise; form temporarily in the middle of the track near the support; but the indicators are still dead fork in the end, therefore, or mainly choose to rebound after the short processing; gold 4 hours chart to see, gold 4 hours cycle in the downtrend rebound quotes, the 4 hours price pressure in the Bollinger band upper rail, MA5-MA10 golden fork, MACD continue to close the red kinetic column for space compression, above the temporary is the pressure level near 2345 and 2360 near the pressure.

The upper rail of the forest belt, MA5-MA10 golden fork, MACD continue to close the red kinetic column, BOLL closing for space compression, above the temporary is 2345 near the pressure level as well as 2360 near the pressure; therefore, Friday is still the card of these two pressures, the short-term consideration of shorting, bearish downward run; today, Friday, the choice of the still short ideas to deal with; the pressure position is 2345 - 2355; today the bottom attention to 2300 2355; today the following concern 2300 overall support, further support concerns 2280-2265, intraday if not stabilized above 2350, the operation is still to rebound empty layout, if stabilized above 2350, the price of gold will be towards 2390 U.S. dollars to 2400 U.S. dollars run.

From a comprehensive point of view, today's gold short-term operation ideas on the main sell orders, back to step on the low more as a supplement, above the short-term attention to 2350-2355 a line of resistance, the following short-term attention to 2325-2320 a line of support.

6.

U.S. inflation remains high on an annual basis as bets rise for no rate cuts during the year The Fed's preferred inflation gauge, the PCE price index, posted a 2.7% annualized rate in March, with price gains remaining stubbornly above the central bank's 2% target.

Core PCE rose 2.8% year-on-year. U.S. stock index futures edged higher and bond yields edged lower after the report was released. Economists had previously predicted that overall PCE would rise 2.6% year-over-year and core PCE would rise 2.7%. From February to March, both the headline and core PCE rose 0.3%.

A series of higher-than-expected inflation numbers this year has put the Fed in a difficult position. Going into 2024, investors expected the Fed to cut rates sharply this year as inflation cooled. However, the opposite has been true, as inflation data has been undermining expectations for rate cuts.

According to data from Chi-Mart (CME), investors now expect there is nearly a 20% chance that the Fed will leave rates unchanged by the end of the year. That compares with less than 1% likelihood a month ago. $Invesco CEF Income Composite ETF(PCEF)$

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