XAUUSD:Analysis and manipulation
Gold opened 1960 down, this week the Federal Reserve may pause the rate hike.
The two central banks gathered, the Federal Reserve is not expected to raise interest rates, on the contrary is the European Central Bank chose to raise interest rates by 25 basis points.
Escalating tensions between Russia and Ukraine and soaring inflation remain a major headache for the eurozone.
This week also ushered in the key CPI and PPI two important inflation indicators, once again testing the Fed's inflation policy indicators.
At the same time, there are key economic indicators in May, wholesale and retail monthly rates, focusing on the impact on US Treasury yields.
Today, gold opened below 1960 and continued to fall, and continued to see support below the 1946 position. This position again rebounded above continue to look at the 1970 region wide oscillations adjustment. The upper break continues to look at the resistance pressure of 1985, and the lower fall continues to look at the 1937 support.
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