Mark-VIP007

Gold latest trend analysis

Mark-VIP007 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gaza ceasefire talks broke down last Thursday and representatives from both sides left Cairo. Habas said Israel used negotiations as a cover to attack Rafah in order to escalate its war against Gaza. Israel said its troops would be stationed in Rafah regardless of whether an agreement was reached. And operations continue in Rafah and other areas of the Gaza Strip. In addition, the Houthi armed forces have stated that they will target ships related to any company that transports or supplies goods to Israel. Hamas said on Saturday that it had not suspended or withdrawn from negotiations and that the occupying power had turned against the mediation plan.
Last Friday, Fed officials gave a hawkish speech. Bowman said that the Fed's policy should be advanced cautiously and prudently, and that it needs to maintain policy stability for a longer period of time. There is no need to cut interest rates this year; Logan said that the economy is not yet in a soft landing, and inflation in the first quarter The data is disappointing, there are important upward risks to inflation, and it is too early to consider cutting interest rates; Goolsby said that in view of rising inflation, we must wait and observe the policy situation. If rising inflation means that the economy is overheating, we must take all necessary measures to bring the inflation rate down. down to 2%; Kashkari said he is cautious about the restrictiveness of monetary policy. If inflation allows, interest rates will remain stable and he does not rule out the possibility of another interest rate increase.
In terms of operation, it is recommended to treat it with an oscillatory approach. Currently, gold is testing lower. The lower support can focus on $2,334, followed by $2,320. If the gold price stabilizes, the upper pressure can focus on $2,355, followed by $2,364.
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2348 selling has taken profit.
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Perfectly reaching the take-profit position.
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Gold rebounded to the area near 2345 and continued to short, with the target of 2330-2335.
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