Gold technical analysis: gold yesterday's daily collection of small yin line, in three consecutive yang after the collection of yin temporarily can not be defined as the beginning of the correction, the need for today's closing pattern to confirm; if continue to collect yin, it may be corrected to start, according to the size of the yin line of the strength of the correction of the strength: for example, the collection of yin in the MA5 day below, then the correction will be greater, the market after the MA10, and even the middle of the rail and so on may be tempted to explore; such as If the closing of the yin in the MA5 above, then the correction is not strong, or through the high sideways instead of correction; no matter what kind of correction, the final market will still continue to brush the new historical highs, so if there is a correction, are low bullish time; in addition, if today's collection of the sun, the reverse package yesterday's yin, then this round of strong unilateral to be continued; the collection of the high and the long upper shadow of the small sun, then it is also the high level of the temporary finishing to Treat.

Prospects for the day focus on the United States in March “horror data” retail sales and Fed officials' speeches, mainly Fed Chairman Powell. Data may perform better, negative gold prices. From a more macro perspective, gold remains in an uptrend as real yields are likely to continue to fall as the bar for a rate hike remains very high. Potential risks include another sharp sell-off in equities or a hawkish stance from the Fed. And in the short term, developments on this front need to be watched closely given the overly concentrated long position in gold and the likelihood of a deeper pullback if the trade war eases. The current environment still supports the rise of gold, but the road of gold prices will not be smooth sailing, the middle may appear temporary retracement.