During the European trading session on Tuesday (April 23), gold continued its downward trend from the previous day. Spot gold remained volatile after falling sharply in the Asian session, falling to an intraday low of $2,295.49 per ounce. As concerns about conflicts in the Middle East have eased, boosting investor risk appetite and reducing safe-haven demand for...
In addition to the Federal Reserve downplaying interest rate hike expectations and improving economic data, the recent rise in the U.S. dollar has also been fueled by the weak declines in the non-U.S. euro and the pound. Raising and lowering interest rates have become the trigger for global currency depreciation. The Federal Reserve still hints at a dilemma. If...
News analysis: The most important factor driving gold's gains is that gold is now seen as a hedge against fiscal excesses as U.S. and global debt surge. In addition to rising debt concerns, gold remains an attractive asset for central banks as global foreign exchange markets become increasingly fragmented. Previously, U.S. producer price data was lower than...
The weekly chart of the 10-year U.S. bond yield keeps the Bollinger Bands spreading upward. The moving average support and the indicator signals in the attached chart are bullish, and will further rebound to touch the 5% level. The monthly chart shows that the bullish momentum is strengthened, and the Bollinger Bands are showing a bullish outlook. , suggesting...
The 4-hour chart of gold is currently in a downward trend. Judging from the operating logic of the K-line structure, the downward trend is still continuing, and in this decline, the phenomenon of strengthening beyond expectations appears, and the form continues to show a short arrangement. From a gaming perspective, short sellers have taken absolute control....
After gold set a new all-time high of 2222 last Thursday, it reversed and fell. This wave of excellent top opportunities, we predicted in advance and perfectly executed the big top short order of 2205-2210. Last Friday, the short order at 2185 and the short order at 2178 both participated in a sharp drop and took profit at 2160. The current gold structure is a...
On Wednesday (April 10), the latest data showed that a measure of U.S. underlying inflation exceeded expectations for a third consecutive month, indicating that continued price pressures may delay the Federal Reserve's interest rate cuts until later this year. The U.S. non-seasonally adjusted CPI annual rate in March recorded 3.5%, higher than the expected 3.4%...
Concerns caused by the Russia-Ukraine conflict and the situation in the Middle East have subsided slightly, while hawkish speeches by Federal Reserve officials have slightly dampened expectations for an interest rate cut by the Federal Reserve in June, causing gold bulls to retreat. Regarding last week's rally, Phillip Streible, chief market strategist at Blue...
In early trading in the European market on Tuesday (April 9), the U.S. dollar index was basically stable, currently around 104.20; spot gold rose rapidly in the short term, with the gold price currently around $2,359 per ounce, rising by more than $20 during the day. It implies that market sentiment is bullish. The upcoming release of U.S. Consumer Price Index...
Gold has encountered non-agricultural data again. Will the market change today? Gold has been rising recently, and the bulls have been overcoming obstacles all the way. It is unstoppable and has exceeded 2300. Can gold go higher? Can the non-agricultural sector see a change? Gold rose again last night and fell back. It failed to stand above 2300 twice....
Gold trend analysis 1. Moving average group: After the 1-hour short-term moving average group has experienced contraction-penetration-pullback, the current short-term moving average group and long-term moving average group are diverging upward again, forming a secondary reversal but not a reversal breakthrough. It shows that the downward trend of the short-term...
Yesterday, the gold price surged higher and fell back. After a short-term rise, it fell below the daily opening price. Technically, it can be judged that the gap support in the 2233-2236 area has been released. The short-term downward support of the gold price has gradually weakened, and it is bound to continue to drop during the day. , after five consecutive...
Yesterday we followed up at $2127 and $2134. With the strong intraday breakthrough, the current price has reached above $2150. Only continuous expansion of profits is the best feedback for our partners who follow us. On the previous day (March 5), the price of gold rose and touched US$2,141. Although it did not form a breakthrough to the previous high, the price...
At present, gold has rebounded to 1963. Do not enter the market for the time being. It is recommended to go short near 1970! ! !
GOLD New forecast Gold prices fell during Monday's trading despite the dollar's decline against most major currencies, as investors shifted towards high-risk assets. Technical abstract : The price perfectly fulfills my last idea, The price of gold tried to test the 1912 level, which constitutes important support for intraday trading, as the price needs to...
Previously, we emphasized that there would be an effective rise in 1980, and finally chose to break up, and today the operation is still long. Personal operation advice: go long around 2008, target focus on 2020-2030, strong fall below 2000 stop loss Whether you are currently profitable or loss-making, trade with my signals and double your account in a week,...
Welcome . Gold is negative. Especially with a strong support breakout. 1825. Which indicates the weakness of the bulls and the continued dominance of the bears. There are more declines in the coming days. During tomorrow's trading session, the bears may press down and lead to more selling and push gold futures contracts towards the next support level at 1800....
Peace be upon you, gold has reached strong support. There is a possibility of a rebound from this area. 1840 levels can be seen.