Anthony-Ryan

Anthony-Ryan Updated 

Gold's retreat was limited. On Wednesday, gold prices remained at 2010. Although U.S. bond yields fell, a stronger U.S. dollar limited gold's upside. Once gold prices fall below 2020, gold faces the risk of a sharp correction The golden hour line shows a W bottom signal, and the K line falls back near 2020, which is a strong support. Of course, the bottom line...

Anthony-Ryan Updated 

Crude oil fell below 70, with no bullish signals in the short to medium term. Oil prices have continued to fall since the second rebound in late October failed, and eventually formed a downward trend. Oil prices have hit the August low of 77.80. Oil prices showed a minor shock pattern around the lows, forming a flag relay pattern. Oil prices successfully fell...

Anthony-Ryan Updated 

After a sharp rise, gold is currently testing the 2030 position. Once gold falls below 2030, gold may fall below 2010. On the contrary, gold will have the opportunity to hit 2100 again. Currently, the bottom is focused on 2010, and the top is focused on 2070. After the recent remarks by Federal Reserve Chairman Powell triggered the market, the non-farm payrolls...

Anthony-Ryan Updated 

The market's reaction to OPEC+'s announcement of voluntary production cuts was a further decline in oil prices. According to reports, investors were pessimistic about crude oil ahead of the OPEC+ meeting and had already priced in their expectations that production cuts would not be enough to push oil prices higher. The market's economic recession and investors'...

Anthony-Ryan Updated 

The gold market has approached key long-term resistance levels. A weaker U.S. dollar and a sharp fall in U.S. Treasury yields have helped push gold prices to their highest level in six months. The highest price of gold today is 2051.87 Gold focuses on support level 2036 and resistance level 2062 In the short term, we continue to be bearish at high points and...

Anthony-Ryan Updated 

Crude prices rose as a weaker dollar and optimism that major oil producers could extend ongoing production cuts at an OPEC+ meeting later this week boosted sentiment. Although the market is still paying close attention to the production of non-OPEC countries, various positive factors have provided positive external support for oil prices. Investors' expectations...

Anthony-Ryan Updated 

The OPEC+ meeting has been postponed, and the market has doubts about whether oil-producing countries can insist on extending production cuts. As well as the recent weak performance of U.S. economic data, the margins of supply and demand are weak, which is not conducive to higher oil prices. The OPEC+ meeting at the end of the month will be the highlight of the...

Anthony-Ryan Updated 

Gold climbed to a six-month high on a weaker dollar and lower U.S. Treasury yields. Gold prices are currently trading around 2015. The price of gold has exceeded the previous high, and attention is paid to the effectiveness of the 2010 price breakthrough. The moving average system is arranged in a long position, and the objective trend is upward in the medium...

Anthony-Ryan Updated 

Gold prices started trading today and showed a strong upward trend, hitting the target price we are waiting for 2013. This supports the expectation that gold prices will continue to have a bullish trend during the day and in the short term. Our next target for gold prices is 2030 Gold prices are trading within a bullish channel, with the 50-period exponential...

Anthony-Ryan Updated 

Crude oil continued its downward trend at the opening on Monday, and its rebound at $75.7 once again encountered resistance and declined, indicating a bearish trend. Looking at the daily trend chart, the daily level has been negative for three consecutive times. Although there is no new low quotation, the high price has not been broken, indicating that an...

Anthony-Ryan Updated 

International oil prices rose more than 2% on Monday amid widespread expectations that OPEC+ will announce further production cuts after a meeting of member states early next week. Traders are eyeing potential speculative buying in crude oil trading as global risk sentiment appears to be strengthening and optimism returns among financial institutions. Crude oil...

Anthony-Ryan Updated 

Gold bottomed out yesterday and continued to rise during the day. The current highest level was around 2000 and then temporarily stopped. This action also touched the previous high point again. The pressure area will also likely remain around 2003-2007. This area can Whether it breaks through will also determine the general trend of gold in the later...

Anthony-Ryan Updated 

Last week was a turning point in the gold trend. It is currently a technical retracement of the market after a sharp rise. Now the new bulls have saved up momentum to rise again. We are not sure where this wave of bulls will go. The weekly line tells us this week Bulls still have the motivation to continue to rise. Pay attention to whether the weekly and daily...

Anthony-Ryan Updated 

Crude oil prices fell for the fourth consecutive week last week. A substantial increase in inventories and record production were the main reasons for the decline in crude oil prices last week. The entire market has been weak recently due to supply concerns and a significant drop in demand. However, on Friday due to some short sellers Oil prices rose as...

Anthony-Ryan Updated 

Gold fell after the release of US PPI data. Gold rebounded slightly today, with gold prices currently trading around 1963. From a technical point of view, if the price of gold closes above 1968 per ounce, the price of gold may rise further. Gold is expected to break through to 2000 again If gold remains capped below 1968, this could trigger a pullback toward...

Anthony-Ryan Updated 

After failing to break through 80 this week, crude oil fell again to around 75.56 after the US EIA inventory data emerged yesterday. There is currently no good news for crude oil in the market. The overall trend of crude oil is very weak, showing a slow falling trend. After breaking above the moving average, oil prices did not stand firm but fell back and fell...

Anthony-Ryan Updated 

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...

Anthony-Ryan Updated 

Oil prices have risen in recent days on the back of a bullish outlook from OPEC+'s monthly report and the International Energy Agency (IEA) released a monthly report on Tuesday that raised its crude oil demand growth forecast for this year and next. Oil prices have been range-bound due to signs that tensions in the Middle East may be easing and uncertainty...