Gold

Yesterday, the Federal Reserve's Beige Book showed that economic growth showed little growth compared to the previous month, but it has not yet entered a recession, and inflation is expected to further slow down; Federal Reserve officials spoke slightly hawkish and questioned the pace of interest rate hikes, but denied a rate cut in 2023. The current focus of market trading is still on the slowing down of the Federal Reserve's interest rate hike, which is expected to slow to 25 basis points in early February and no longer raise interest rates in March. This policy nature is gradually shifting towards expectations. With the arrival of the Spring Festival holiday and the uncertainty and gradual overheating of the gold market, analysts at ZFX Shanhai Securities suggest caution as the main focus.

Trading strategy

Bearish, looking for opportunities to short at high points.

Resistance level: $2000

Short term support: $1820

NASDAQ 100 Index

The central bank's tone remains unchanged and still maintains its tough language. It is expected that interest rates will have a chance of exceeding 5% this year, and there will even be no rate cuts by the end of the year. However, the market view is still much more optimistic than the Federal Reserve. If the market needs to readjust its expectations, risky assets such as US stocks will experience the next round of decline, and investors need to pay attention to risks.

Trading strategy

Forming the top, the callback begins.

Resistance level: 12000

Support bit: 10500

About ZFX:

ZFX Shanhai Securities, as a global broker heavily regulated by the UK FCA and the Seychelles FSA, offers over 100 foreign exchange, commodity, stock index, and stock contract for difference products.