At three o’clock in the morning today, the Federal Reserve mentioned in its three o’clock meeting that they should slow down the pace of raising interest rates after raising interest rates for the fourth time by 75 basis points. As soon as the news came out, many people expressed their approval for the Fed’s move, and after the Fed’s dovish news, the U.S. dollar index continued to be sold off. The current quotation is 105.734, hitting a low since August 15, 2022.
technical level. Looking back at the D1 chart, gold hit 1727.49 yesterday, then turned up and closed at 1749.6, an increase of about 20 US dollars. And 1727 is also one of the key support positions below gold. This caused gold to reverse and rise after being supported.
Using the Fibonacci backtest to pull the low point to the high point on the H1 chart, it can be found that the price has touched the gold callback price of 0.618 twice. It indicates that there is a high possibility of further trend reversal and upward movement.
Suggestions for ordering:
Enter the market at a low position and do more.
All transactions involve risks, and the above analysis is for reference only. Be sure to set the number of hands and remember to set a stop loss when placing an order.