29/4 Asian market choppy moves, analysis and signals

In the Asian market on Monday, gold opened lower and fell sharply, falling as low as 2320. The rebound in gold prices was blocked last Friday, closing at 2337, after data showed that U.S. prices rose in line with expectations. As the crisis in the Middle East avoided a major escalation, some geopolitical risk premiums fell back, and gold prices still fell more than 2% on a weekly basis, the largest since December. fell.

The market expects the Federal Reserve to keep its policy interest rate unchanged at 5.25%-5.5%. The Fed is unlikely to provide any new hints on the timing of a policy shift in its statement. However, at the press conference after the meeting, Fed Chairman Powell is likely to be asked whether there is still the possibility of a rate cut in June if Powell does not close the door to a rate cut in June. The ensuing reaction could trigger a sharp drop in U.S. Treasury yields and boost international gold.

This week’s focus will be on the Federal Reserve’s decision on Wednesday, and gold and other markets may continue to follow the changes in expectations of the Federal Reserve’s interest rate cut in the long-short game. There will also be a U.S. non-farm payrolls report on Friday, which will be another major factor that triggers market turmoil after the Federal Reserve decision.


The structure of the gold daily chart keeps running below the MA10 daily moving average, and the moving average still maintains its opening downward. The RSI indicator adjusts above the central axis. Since the retracement of this round of adjustment to the middle track of 2291.8 Bollinger Bands, the price has risen at a low point, and the Bollinger Bands have moved to the current level. 2307 first line. In terms of the moving average, the four-hour chart opens slightly upward, the hourly chart is glued together, and the RSI indicator maintains its central axis adjustment in sync with the daily line. The market focus this week is on the non-agricultural data on Wednesday and Friday, when the market will experience greater impact and volatility. Trading at the beginning of the week was volatile and short-term thinking was the main focus.

Asian market analysis
1H resistance is 2333, support below is 2320
4H resistance is 2341, support below is 2305
Daily resistance is 2352, support below is 2296

BUY:2318-2320,SL2310
SELL:2340-2343,SL2352
Technical analysis only provides trading direction!

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We continue to go long above 2320

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As I shared in the morning, after the tempting decline, we can go long repeatedly. Today’s accuracy is 100%

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NY market recommends focusing on the 2325~2361 range
Gold operation suggestions: Judging from the current trend, gold is in a volatile upward trend. At the top, we continue to focus on the resistance of 2352-2361, and at the bottom, we continue to focus on the short-term support of 2320-2325, focusing on the strong support of 2312-2313. Rely on this range to keep selling high and buying low.
BUY:2325 near SL:2320
SELL: 2361 near SL: 2365
Technical analysis only provides trading direction!

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XAUUSD
SELL: 2340 near
❌SL:2346
TP1:2337 TP2:2334 TP3:2330

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SELL orders close some profits. There are already 5 √

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+80pips coming to TP3 soon

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Hit TP3 100pips

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XAUUSD
BUY: 2330 near
SL:2320
TP1: 2333 TP2:2336 TP3:2340
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Hit TP1 +30pips, protect your profits

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BUY2330 near hit TP2 +60pips, protect your profits.

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If you follow my analysis. The free signal BUY2325near also brings profits to everyone. The lowest is 2325.6. Now it is 2332

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First 2324 is long, then 2340 is short, then BUY2325, today’s chart direction is perfect

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XAUUSD
BUY: 2333 near
SL:2327
TP1:2337 TP2: 2341 TP3:2344
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Now 2336near you can TP , or close most part and set BE

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Buy2333 is now operating in the 2335-2336 range and we can TP. Scalping is over. Wait for the next signal

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