Over the weekend, Biden announced a debt ceiling agreement, which made the risk of default that the market feared disappear and was bearish for gold in the short term The Fed raises the debt ceiling, the dollar in the market will naturally increase, thus affecting inflation, inflation will reverse and rise again, the Fed will use interest rate hikes to...
The current decline of gold remains unchanged, and the rebound is still a short-selling opportunity! The pressure in 1957 above is obvious! The current gold is in a downward trend. Shorting is the only strategy at present. The thinking is clear. The remaining execution points rely on key pressures, and we should deal with them immediately! From the perspective...
US Dollar eases from recent peaks near 104.40 If the Federal Reserve meeting were to take place today, it is likely that the interest rates would remain unchanged due to the current uncertainty surrounding banks. However, the markets can change significantly within a week. If the upcoming weekend remains peaceful with no urgent need to rescue any banks, there is...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The US Dollar is experiencing a minor setback from its two-month high against other major currencies due to the slow performance of US Treasury bond yields. Although the US Dollar is weakening, Gold price is still under pressure because of the potential risk of a US recession, even though the debt deal still needs to be approved by Congress. The recent decline...
Next week's gold trading, friends must be cautious, the current gold price after a sharp decline rebounded to form a sideways, so this is not enough to confirm the formation of a bottom, we still need to wait for a lot of key data release Friends with less trading funds suggest a reasonable reduction in trading volume, control trading risks is the most...
Gold has been short recently, although there is a rebound in the gold process, but in the end it is still constantly making new lows, and each rebound is to give a better opportunity to short. Recently, it should also make everyone feel the charm of the trend, for the bears, each rebound is an opportunity to dry short, for the bulls, probably every time there...
This week, gold and silver continued to fluctuate and fall. Before the key turning point on the 18th, I thought it would continue to fluctuate and rebound, but there was another break on the 25th. Judging from the current structure, the overall situation is still dominated by complex shocks. From the perspective of the current structure, the overall situation...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The key data to be paid attention to next week include the Chicago PMI for May in the United States, the changes in API and EIA crude oil in the United States, the May CPI in the eurozone, the changes in ADP employment in the United States in May, and the non-farm payrolls and unemployment rates in the United States in May. On June 2, the United States will...
In terms of gold, it went down cyclically, which is the single positive and three negative on the daily side, and then turned negative again, opening a new round of decline, and yesterday morning, we also highlighted the decline on the daily line. This is the support area of the bulls that we calculate according to the amplitude ratio, in other words, after the...
Two of the strongest months for gold tend to be January and August. However, over the last 25 years, the weakest month for gold has been March. The early bounce in gold around the turn of the month has largely been on a retracement in the USD and yields after heavy re-pricing on Fed rates. However, the outlook moving forward for gold is likely to continue to...
I anticipate a 20% movement in gold miners in the upcoming weeks, following its breakthrough of a resistance level which now serves as a support level. Additionally, silver has broken and found support in above a channel , indicating a potential bullish swing in gold. Once gold closes above its declining trend line, which I expect to happen, it may accelerate...
Currently, the outlook for gold is positive, with a bullish trend. However, I anticipate a temporary pullback from 2045.26 - 2047.73. This presents an opportunity for me to consider buying positions before gold potentially reaches an all-time high. On the other hand, the US dollar has a bearish outlook, having broken and retested the channel. Furthermore, silver...
Gold is currently displaying bullish behavior, but a correction is expected in the coming days, presenting a favorable chance to buy. If gold's value drops to approximately 2030 or 2013, it would provide an ideal opportunity to buy as these levels have confluences. Additionally, gold miners are also demonstrating bullish behavior, indicating a potential surge in...
When considering CPI, a lower figure is preferred when buying assets such as gold, EUR, EURUSD, Cable, and indices. The weaker the CPI, the better it is for risk assets, especially those associated with hedging against the dollar. For instance, if there is a year-on-year 4.7% inflation and a month-on-month 0.2%, it would be ideal to buy indices and sell dollars...
There is nothing to complain about. Every step I take today is paying for every choice I made before. This is also called responsibility! No matter whether you are confused at the moment, when the sun rises, please believe that those who work hard will eventually be rewarded. After falling below 1954, gold accelerated its decline, which is in line with the...