The inflation index was released last night. Data from the U.S. Bureau of Labor Statistics showed that the U.S. CPI rose by 3.2% year-on-year in October, slower than September's 3.7% and lower than the expected 3.3%. The QoQ growth rate slowed from 0.4% in September to 0, which was also lower than the expected 0.1%. The Fed is more concerned about core...
After today's CPI data was released, spot gold rose to around 1971 in the short term. In yesterday's Monday article, I told everyone that the gold price change window was coming. As expected, gold rose sharply from around 1931 to around 1950 yesterday. Today it continues to rise again under the influence of cpi, and it is currently near 1971. I also informed...
50% of the previous wave has corrected in hourly time and now it can have a short correction to the specified area and then continue until 61.8 fibo.
At the beginning of last week, gold started a downward trend near 1990. After breaking through 1980, it opened up room for decline. As of Friday's close, it closed at 1932. At the opening today on Monday, gold opened lower again, pierced 1932 and then recovered again, and currently continues to fluctuate at low levels. Then after the support here in 1980 is...
Gold is consolidating recent losses in early Thursday's Asian trading session, facing resistance at $1,975 and trading around $1,960. The recovery of the U.S. dollar and higher U.S. Treasury bond yields exerted selling pressure on XAU/USD. Gold is testing resistance near the 20-day Simple Moving Average (SMA) at $1.973, requiring a decisive breakout for further...
Both overall U.S. CPI and core CPI were lower than expected. After the release of US CPI data, precious metal prices continued to rise, exceeding 1970. Investors have changed their views on the possibility of further interest rate hikes by the Federal Reserve and increased their bets on a rate cut in 2024. Technically, gold futures bulls and bears are on the...
Yesterday, I bought heavily before the cpi data was released. After the cpi data was released, it was in line with expectations. Buy again. Gold rose straight to the 1970 line. Then sell big. Made some more. Let me and my friends who follow me make a lot of money. Congratulations everyone! Let’s get straight to the point this morning. Focus on buying first....
The 1957 support level is confirmed, and the rebound tests the resistance near 1965. If it cannot break through, it will form a double top pattern. If it breaks through and performs a backtest to confirm that the 1965 support is valid, it will rise again and break through 1980.
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is finding it difficult to take advantage of the gains it made earlier in the week and is moving within a small range during Wednesday's Asian session. The US Dollar (USD) is slightly stronger and is recovering from its decline yesterday, which brought it to its lowest level...
Gold has solidified its recent uptrend, reaching $1,971 during early Asian trading on Wednesday. Weaker-than-expected US inflation and a drop in US Treasury bond yields are bolstering the demand for precious metals. Geopolitical tensions are also prompting a flow of funds into safe-haven assets. The daily XAU/USD chart shows a notable surge, testing the 20-day...
Hello everyone, welcome to Allen's strategy column. Yesterday I shared with you today's trading plan, focusing on the resistance from 1974 to 1989, and also talked about the trading direction. I am more inclined to rise. The market is in line with expectations. The support was tested during the Asian and European trading periods, with the lowest at 1961.It has...
Today it started to rise after backtesting the support of 1961. Now it faces the resistance of 1974 and is trying to break through. From a morphological point of view, the probability of breakthrough is greater, so the transaction should be to fall back and go long ( 1971, 1969, 1966 ), with the target set at 1979, 1984, 1987.
Based on technical factors there is a Buy position in : 📊 XAUUSD 🔵 Long Now 1973.22 🧯 Stop loss 1932.60 🏹 Target 1 2012.45 🏹 Target 2 2072.20 🏹 Target 3 2181.75 💸RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
Gold prices have recently consolidated their upward momentum, reaching $1,971 in early Wednesday's Asian session. Weakening-than-expected US inflation and a decline in US Treasury bond yields have fueled demand for the precious metal. Additionally, escalating geopolitical tensions are driving a safe-haven rush. The daily chart for XAU/USD illustrates a sharp...
↘️ Strong influence from CPI news in the US session yesterday, when the announcement was very bad for USD, right after that Gold also had an increase but the main trend was still down so the sign of increase was still quite weak. Prices only swept to the highest area of 1970 and decreased immediately afterwards. ↘️ Looking into the past, we can see that before...
Today will usher in the most important data of the week-the annual and monthly rates of the U.S. CPI price index for October. Judging from market expectations, there is only a 3.3% growth rate, but the previous value is 3.7%, which means that everyone is generally optimistic about the U.S. inflation last month. In addition, a survey by the New York Fed showed...
Gold prices show positive momentum for the third consecutive day, buoyed by the Fed's mild expectations. The weakening USD, nearing its lowest since September, further supports the precious metal. From a technical standpoint, any move beyond the overnight high around $1,970-$1,971 may encounter resistance near the $1,980 region. Further buying could push Gold...