Fundamental analysis
As the Israeli conflict gradually reduced the population of the two countries, international news no longer appeared in the news. Since the conflict between Israel and here on May 12, the VIX reached a new high of 27.59. Since then, the VIX index has continued to fall. Today's VIX on June 3 is 17.48. As the world data index continues to fall, gold is bearish as a hedge index investment index. The ADP May index indicates that the number of people is far from expected, see the US dollar, bearish gold
Technical analysis
From the picture, the MACD chart has shown that there are 4 humps, and each hump is lower than the previous one. This phenomenon indicates that the kinetic energy of the multi-party is gradually weakening, but the price of XAUUSD has a small range from the first hump after May 9th. After falling back, it continued to rise, from May 19 to 1886.89 usd, and then on May 25 and May 31, it reached the multi-party momentum that cannot be supported by the price. The top of the four peaks deviated. Therefore, gold is bearish overall.
As the Israeli conflict gradually reduced the population of the two countries, international news no longer appeared in the news. Since the conflict between Israel and here on May 12, the VIX reached a new high of 27.59. Since then, the VIX index has continued to fall. Today's VIX on June 3 is 17.48. As the world data index continues to fall, gold is bearish as a hedge index investment index. The ADP May index indicates that the number of people is far from expected, see the US dollar, bearish gold
Technical analysis
From the picture, the MACD chart has shown that there are 4 humps, and each hump is lower than the previous one. This phenomenon indicates that the kinetic energy of the multi-party is gradually weakening, but the price of XAUUSD has a small range from the first hump after May 9th. After falling back, it continued to rise, from May 19 to 1886.89 usd, and then on May 25 and May 31, it reached the multi-party momentum that cannot be supported by the price. The top of the four peaks deviated. Therefore, gold is bearish overall.