Gold Prices Are Back Lower. Are Your Trades Alright?
Hello ladies and gentlemen, it is a pleasure to meet you here. I have been trading in gold, crude oil, foreign exchange, cryptocurrency, etc. for more than 13 years. Just like my name, we are the children of the ocean, and the future will be You show me how to use technical indicators to analyze the movement of trends. It is expected that the return will reach about 300% next week.
The U.S. dollar edged higher against major currencies on Friday, April 22 (Saturday), as business activity data showed that the world's largest economy remained resilient, supporting expectations that the Federal Reserve will raise interest rates by another 25 basis points at its policy meeting next month. Gold prices slumped and headed for their worst week in eight, while oil prices posted weekly losses.
Commodity close: U.S. gold futures settled down 1.4 percent at
1
,990.50. Brent crude futures rose 56 cents to settle at $81.66 a barrel. U.S. crude was up 5 cents at $77.87.
U.S. stocks closed: the Dow Jones Industrial Average rose 0.07% to 33808.96; the S&P 500 rose 0.09% to 4133.52; the Nasdaq rose 0.11% to 12072.46.
Gold prices have fallen about 1.2% so far this week, pressured by a broader rise in the U.S. dollar, with Fed officials saying on Thursday that inflation remains "well above" the Fed's 2% target. Fed Governor Bowman reiterated that more needs to be done to curb inflation.
U.S. business activity accelerated to an 11-month high in April, an S&P global survey showed, at odds with growing signs that the economy could slip into recession as interest rates rise and demand cools. Gold is also under pressure as a result.
The market currently sees an 85.4% chance that the Fed will raise interest rates by 25 basis points at its May 2-3 meeting.
Gold is expected to trend lower in May if the U.S. dollar raises interest rates at the May 2-3 meeting.
Finally, I will give you a personal summary:
Generally speaking, people who like to chase up can make money, and they will tend to repeat the action of chasing up again. When this action is repeated and more or more money is made, it will affect the people around them, and they even complain about the lack of positions. mentality, so that the market is gradually pushed to a climax until this profit-making effect comes to an end, and if those who chase the rise start to lose money, they will feel self-punishing and tend to be cautious in their operations, which is reflected in the disk The above is a gradual decline in activity.
Similarly, there are also a group of people who like to buy bottoms in the market. If they can make money by buying bottoms, they will continue to buy bottoms. Punish the mind, and reduce the actions of bottom-hunting in operations. Once the number of bottom-hunting people starts to decrease, some stocks will fall without resistance after a little selling pressure.
Finally, I wish you all a happy weekend, and it is a pleasure to share knowledge with you.
The U.S. dollar edged higher against major currencies on Friday, April 22 (Saturday), as business activity data showed that the world's largest economy remained resilient, supporting expectations that the Federal Reserve will raise interest rates by another 25 basis points at its policy meeting next month. Gold prices slumped and headed for their worst week in eight, while oil prices posted weekly losses.
Commodity close: U.S. gold futures settled down 1.4 percent at
1
,990.50. Brent crude futures rose 56 cents to settle at $81.66 a barrel. U.S. crude was up 5 cents at $77.87. U.S. stocks closed: the Dow Jones Industrial Average rose 0.07% to 33808.96; the S&P 500 rose 0.09% to 4133.52; the Nasdaq rose 0.11% to 12072.46.
Gold prices have fallen about 1.2% so far this week, pressured by a broader rise in the U.S. dollar, with Fed officials saying on Thursday that inflation remains "well above" the Fed's 2% target. Fed Governor Bowman reiterated that more needs to be done to curb inflation.
U.S. business activity accelerated to an 11-month high in April, an S&P global survey showed, at odds with growing signs that the economy could slip into recession as interest rates rise and demand cools. Gold is also under pressure as a result.
The market currently sees an 85.4% chance that the Fed will raise interest rates by 25 basis points at its May 2-3 meeting.
Gold is expected to trend lower in May if the U.S. dollar raises interest rates at the May 2-3 meeting.
Finally, I will give you a personal summary:
Generally speaking, people who like to chase up can make money, and they will tend to repeat the action of chasing up again. When this action is repeated and more or more money is made, it will affect the people around them, and they even complain about the lack of positions. mentality, so that the market is gradually pushed to a climax until this profit-making effect comes to an end, and if those who chase the rise start to lose money, they will feel self-punishing and tend to be cautious in their operations, which is reflected in the disk The above is a gradual decline in activity.
Similarly, there are also a group of people who like to buy bottoms in the market. If they can make money by buying bottoms, they will continue to buy bottoms. Punish the mind, and reduce the actions of bottom-hunting in operations. Once the number of bottom-hunting people starts to decrease, some stocks will fall without resistance after a little selling pressure.
Finally, I wish you all a happy weekend, and it is a pleasure to share knowledge with you.
Comment:
1982will increase
Comment:
Gold to face lower next week
Comment:
Short-term bearish, long-term will still rebound. Next week, we should be prepared to look short.
Comment:
The market currently sees an 85.4% chance that the Fed will raise interest rates by 25 basis points at its May 2-3 meeting. Gold is expected to trend lower in May if the U.S. dollar raises interest rates at the May 2-3 meeting.
Comment:
You can also share your views
Trade active:
Gold is still a good bet in the long run.
Trade active:
have a great weekend everyone
Trade active:
Let's look forward to tomorrow's trend
Trade active:
As I said.
Trade active:
as anticipated
Trade active:
good
Trade active:
Expectations have been met and profits are out. That's how quick it is to make money.
Trade active:
As I predicted, gold was volatile.