BTCUSD
XAUUSD is bullish
Analysis from the aspect of information
During the Asia-Europe session on Wednesday (April 13), spot gold fluctuated in a narrow range and was currently trading around $1,965; the price of gold touched $1,978.5 an ounce overnight, as negotiations between Russia and Ukraine stalled and geopolitical concerns increased gold’s hedging. In addition to the demand for insurance, U.S. inflation recorded the largest month-on-month increase in 16 and a half years, which also provided support for gold prices. However, the hawkish speech of the Fed officials continued, and the dollar once again refreshed a nearly two-year high, which suppressed the price of gold. Moreover, the Reserve Bank of New Zealand and the Bank of Canada will also keep up with the pace of interest rate hikes, increasing the opportunity cost of holding gold, so that bulls still have concerns.
This trading day will pay attention to the US March PPI data and news related to the situation in Russia and Ukraine, pay attention to the New Zealand Federal Reserve interest rate decision and the Canadian interest rate decision and their impact fermentation; pay attention to the March CPI data.
technical analysis
Candlestick chart in ascending channel
The divergence indicator is clearly up
KDJ indicator golden fork up