2.12 Midday Gold Analysis: High-level Volatility Intensifies, Short-term Speculation Requires Caution

News

The market is focused on the upcoming U.S. CPI data to be released this week. If the inflation data exceeds expectations, it will strengthen the Fed's interest rate hike expectations, putting pressure on gold prices; conversely, it may provide support for gold prices. The situation in the Middle East remains uncertain, and safe-haven demand provides some support for gold prices, but the market's reaction to this factor has gradually dulled. Funds from India are accelerating into the gold market, and the recovery in physical demand is a positive for gold prices in the medium to long term, but the short-term impact is limited.

Technical Analysis

From the 1-hour chart, gold prices are running below the middle track, with upper resistance at 5103, lower support at 5043, and the middle track at 5073 forming short-term pressure. The DIFF line and DEA line have formed a death cross, with green bars expanding, indicating a strengthening of selling momentum.

Trading Strategy

If it falls back to around 5050 and finds support, a short position can be attempted, targeting 5065-5085#黄金 .