He Xiaoice: The Fed met expectations, and gold rose more than $30 to 12.16

He Xiaoice: The Fed met expectations, and gold rose more than $30 to 12.16

At 3:00 a.m. today, the results of the Fed's interest rate resolution expected by the market were released, in line with market expectations, the Fed will accelerate the doubling of the scale of bond purchases, or raise interest rates several times next year.

Prior to this news, the dollar index continued to climb higher and climbed closer to the 97 mark, and gold continued to fall under pressure and approached below the 1760 mark. After the news was announced, the dollar index rushed higher and fell, gold bottomed out, dipped down to the 1753 area to start this wave of bottoming out and rebounded, stood on the 1770 mark, climbed the 1780 area, and continued to stand above 1780 this morning.

Recent gold, around the four-hour upper and lower rail range back and forth oscillation running, after the upper and lower rail breakthrough, or will return to the range of shock, which also adds some shock uncertainty to gold, that is, rushing high easy to fall, bottoming easy to rebound, not continuing is the biggest feature.

Friday's non-farm reference to the bullish climb from November's rising point, giving the 1758 area of long orders, of course, the price is not given, because gold climbed upwards on the 1770 mark after the release of non-farm data, and after the price climbed 1793, it once again entered the pressure adjustment, failed to break through the upward movement, and finally stepped back down.

Also over time, the support moved down to the 1758-1755 area, so yesterday with reference to this area to give a long single plan, bullish climbing upwards, while paying attention to the upper and lower points and the pressure of the top and bottom conversion 1778-1780 area, maintaining the idea of high and low.

After the Release of the Fed's interest rate decision in the early morning, the price bottomed out and rebounded, and the long order climbed profits as desired, while reminding the upper short order to cancel and not to participate, pay attention to the pressure of bullish to the four-hour upper rail after the bottoming recovery.

The previous price climbed upward to the upper rail relying on the four-hour lifeline, fell back below the lifeline, put the volume down, and now returned to the top of the lifeline, referring to the lifeline, the next look is the four-hour upper rail 1794-1795, followed by the 1804 area.

For the market that bottomed out in the early morning, the best continuation time period is in the European session, the European disk continues, the US market accelerates before the US disk, and the European disk does not continue, then the US disk continues to sweep.

Therefore, after the price stands on the four-hour lifeline, refer to the support here and the low of 1775.5 in this morning as a defense to give the long order to continue the bullish continuation.

Gold holds long orders at 1782-1781, stop loss 1775, target 1790, 1797