Following the Fed meeting, gold reached a new all-time high of 2222 last week. However, it failed to stay above 2200 and retraced quickly below the previous high of 2195 within 24 hours. This Friday is a US holiday, but the inflation data(PCE price index) will still be released. Make sure you pay close attention to market volatility at the late Friday session and the early Monday Asian session, and exercise caution in managing risks.
1-hr chart – The price broke through the S-T resistance(1) last week and reached our target range of 2185-2190 (2). Although it subsequently reached a new high, the price is now falling back to 2147-90(3). The resistance zone of 2186-90(2) is still valid. Take advantage of the rebound driven by the newly formed upward channel(4) at the beginning of this week, and expect the price to be bound within 2147-90 (3) in S-T until another news breaks out.
Daily chart – After the quick pull-back after the Fed. Meeting last week, a reserval signal(5) has appeared. Unless the gold price can close above 2190 on the daily chart, an S-T consolidation period is likely to occur in the next two weeks. Again, 2147 is the key support level, once its clear the next support will be at the 20-day MA.
S-T ressitance 3
2190
S-T ressitance 2
2185
S-T ressitance 1
2180
Market price
2175
S-T support 1
2168
S-T support 2
2165
S-T support 3
2155
P. To
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
国际金价在上周美联储议息会议后再创历史新高2222，但一闪过后未能企稳2200以上。 价格在24小时内回到前高2195之下。 本周五是美国假期，但仍会有通胀数据公布，务必留意周五交易尾段及周一早段市场波动扩大情况，小心控制风险。
1小时图 – 金价在上周突破短线下降阻力(1)后，直达我们目标2185-90(2)。 随后虽然再创新高，但金价未能维持在2190之上，重回2147-90(3)区间之内。 本周初可留意刚形成短线上升通道(4)所带动的趋势反弹，把握上方关键阻力2186-90(2)阻力高位，相信本周价格会继续2147-90(3)区间内震荡，直到市场 有新消息刺激。
日线图 – 上周议息会议后的冲高回落，在图表上出现明显的调整讯号(5)。 除非金价在日线图能收盘在2190之上，否则上周提及的 “蕴酝更深调整” 在议息会议后/未来2周应会出现。 继续留意2147支持及20天移动均线。
短线阻力 3
2190
短线阻力 2
2185
短线阻力 1
2180
现价
2175
短线支持 1
2168
短线支持 2
2160
短线支持 3
2155
P. To
风险提示: 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。高度的杠杆可为阁下带来负面或正面的影响。阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。因此，阁下不应将无法承受损失的资金用于投资。投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。市场资料仅供参考，我们绝不保证分析内容的准确性。
國際金價在上週美聯儲議息會議後再創歷史新高2222，但一閃過後未能企穩2200以上。價格在24小時內回到前高2195之下。本週五是美國假期，但仍會有通脹數據公佈，務必留意週五交易尾段及週一早段市場波動擴大情況，小心控制風險。
1小時圖 – 金價在上週突破短線下降阻力(1)後，直達我們目標2185-90(2)。隨後雖然再創新高，但金價未能維持在2190之上，重回2147-90(3)區間之內。本週初可留意剛形成短線上升通道(4)所帶動的趨勢反彈，把握上方關鍵阻力2186-90(2)阻力高位，相信本週價格會繼續2147-90(3)區間內震蕩，直到市場有新消息刺激。
日線圖 – 上週議息會議後的衝高回落，在圖表上出現明顯的調整訊號(5)。除非金價在日線圖能收盤在2190之上，否則上週提及的 “蘊醞更深調整” 在議息會議後/未來2週應會出現。繼續留意2147支持及20天移動均線。
短線阻力 3
2168
短線阻力 2
2160
短線阻力 1
2155
現價
2152
短線支持 1
2147-50
短線支持 2
2140
短線阻力 3
2130
P. To
上周一价格回到2146出现反弹后，未有继续向下跌穿2143支持位，并出现横行。上周分析有提及留意2143支持有否反弹力量，因为这是较近的潜在反弹位，从5M图可看到周三美盘时段突破后出现回测横行顶，而这位置刚好又是近期 升段的0.618，短线买上是一个不错的入市位。从1H图看，周四美盘突破前高位2194后做了三角震荡后发力下破，力量明显强劲，而且在大型上升通道顶出现，短线向下看会有较有优势。 现价2165，在小型的下跌通道中，下周一开市后待价格回到通道顶或2185阻力时，留意有否反弹力量，若开市后直接跌穿通道底，下跌空间就变得不多，因为 下面有2143的支持未打穿，变相可留意有没有反弹向上的力量可做。K.LAM风险提示: 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。 高度的杠杆可为阁下带来负面或正面的影响。 阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。 可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。 因此，阁下不应将无法承受损失的资金用于投资。 投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。 市场资料仅供参考，MAX Online 绝不保证分析内容的准确性。
Data on Monday showed that China’s industrial output rose 7.0% annually in January-February, accelerating from 6.8% in December, beating expectations, marking a good start to 2024 and providing temporary relief to policymakers. The data released by the National Bureau of Statistics (NBS) was significantly higher than the 5.0% growth forecast in a Reuters analyst poll. Retail sales, an indicator of consumption, rose 5.5% in the first two months of the year, slowing from a 7.4% gain in December. Analysts had expected retail sales to rise 5.2%. Fixed asset investment rose 4.2% annually over the two months, compared with expectations for growth of 3.2%. The full-year growth in 2023 is 3.0%.
周一的数据显示，中国1-2月工业产出年增7.0%，较12月的6.8%有所加快，超出预期，标志着2024年的良好开局，并为政策制定者带来暂时的缓解 。 国家统计局（NBS）公布的数据显著高于路透社分析师调查显示的增长 5.0% 的预期。 作为消费指标的零售额今年前两个月增长了 5.5%，较 12 月的 7.4% 增幅放缓。 分析师此前预计零售额将成长 5.2%。 两个月内固定资产投资年增 4.2%，而预期为成长 3.2%。 2023年全年成长3.0%。
週一的數據顯示，中國1-2月工業產出年增7.0%，較12月的6.8%有所加快，超出預期，標誌著2024年的良好開局，並為政策制定者帶來暫時的緩解。 國家統計局（NBS）公佈的數據顯著高於路透社分析師調查顯示的增長 5.0% 的預期。作為消費指標的零售額今年前兩個月增長了 5.5%，較 12 月的 7.4% 增幅放緩。 分析師此前預計零售額將成長 5.2%。兩個月內固定資產投資年增 4.2%，而預期為成長 3.2%。 2023年全年成長3.0%。
After reaching a new high of 2195, the gold price stayed sideways between 2155-85(1) last week. This week’s only major event will be the Fed meeting. Following the slight rebound in US core CPI data last week, expect the post-Fed meeting announcement to lean towards a hawkish stance, which could have a bearish impact on the gold price.
1-hr Chart – The gold price is still bounded within the range of 2155-85 (3), and it is currently trading under the S-T resistance line (2) that has been in place for the past few trading days. If the critical support level of 2147-2150(1) is breached, the next downside target can be set around 2120(4).
Daily Chart – Structurally, there hasn’t been any significant change on the daily chart, with the upward channel(5) remaining valid. The gold price is still standing above the previous high of 2147(7). If the buying support from the previous high of 2147(7) is cleared, a major correction toward 2120 should occur and pay attention to the next support at the 20-day MA(6).
S-T ressitance 3
2168
S-T ressitance 2
2160
S-T ressitance 1
2155
Market price
2152
S-T support 1
2147-50
S-T support 2
2140
S-T support 3
2130
P. To
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
黄金自创出新高2195后，上周价格整体在高位横行震荡。 本周唯一重点香港时间周四凌晨的美联储议息会议，经过上周稍微反弹美国核心CPI数据，相信本周会后声明亦会偏鹰，利淡金价。
1小时图 – 金价现时仍在2155-85(3)区间之内，过去一周的短线下降阻力线(2)继续有效，美联储议息会议前可继续参考。 若失守2147-50(1)关键支持，下方目标可定在2120(4)。
日线图 – 结构上未有明显变化，上升通道(5)继续有效。 现时仍在前高位2147(7)之上，若往下调整留意下方20天移动均线(6)在2103附近。
短线阻力 3
2168
短线阻力 2
2160
短线阻力 1
2155
现价
2152
短线支持 1
2147-50
短线支持 2
2140
短线支持 3
2130
P. To
风险提示: 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。高度的杠杆可为阁下带来负面或正面的影响。阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。因此，阁下不应将无法承受损失的资金用于投资。投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。市场资料仅供参考，我们绝不保证分析内容的准确性。
黃金自創出新高2195後，上週價格整體在高位橫行震蕩。本週唯一重點香港時間週四凌晨的美聯儲議息會議，經過上週稍微反彈美國核心CPI數據，相信本週會後聲明亦會偏鹰，利淡金價。
1小時圖 – 金價現時仍在2155-85(3)區間之內，過去一週的短線下降阻力線(2)繼續有效，美聯儲議息會議前可繼續參考。若失守2147-50(1)關鍵支持，下方目標可定在2120(4)。
日線圖 – 結構上未有明顯變化，上升通道(5)繼續有效。現時仍在前高位2147(7)之上，若往下調整留意下方20天移動均線(6)在2103附近。
短線阻力 3
2168
短線阻力 2
2160
短線阻力 1
2155
現價
2152
短線支持 1
2147-50
短線支持 2
2140
短線阻力 3
2130
P. To