Mark-VIP008

Mark-VIP008 Updated 

From a technical analysis perspective, gold closed below the key 50-day moving average on Tuesday, and the 14-day RSI returned to the negative zone below 50. If gold prices continue to fall below $2,315/oz, the downward trend may extend to the $2,300/oz level. On the upside, gold prices need to break through the 50-day moving average resistance level of $2,337/oz...

Mark-VIP008 Updated 

Gold has been falling all the way, with no rebound strength. It seems that gold bulls are still helpless. Every time gold rises, it can be suppressed by bears. Gold is still dominated by bears. Gold rebounds in the US market and continues to be short. Gold's 4-hour moving average continues to cross downward. The 4-hour big negative line of gold reverses the...

Mark-VIP008 Updated 

Last week, the US PCE data was in line with expectations, with the core PCE lower than expected. The US inflation cooled faster than market expectations, and the probability of the Fed cutting interest rates in September rose slightly to 51%. On Monday, the US ISM manufacturing PMI slowed for the second consecutive month, new goods orders hit a two-year low, and...

Mark-VIP008 Updated 

Judging from the weekly and daily charts of spot gold, the current gold market shows a relatively obvious bearish trend. In the analysis of the weekly chart, we can see that although the gold price experienced some fluctuations last week, it finally closed with an upper shadow negative line, which undoubtedly continued the previous bearish signal. This technical...

Mark-VIP008 Updated 

At the beginning of the week, Egyptian and Israeli soldiers suddenly exchanged fire in the Rafah area, and concerns about escalating tensions in the Middle East have increased. However, the minutes of the Fed's meeting last week were hawkish. The Fed may keep interest rates stable for a longer period of time. Fed Governor Waller said that the neutral interest rate...

Mark-VIP008 Updated 

Analysis of gold news: Spot gold is currently trading around $2,342/ounce during the U.S. market on Thursday (May 30). Gold prices fell nearly 1% on Wednesday, closing at $2,337.88/ounce. The strengthening of the U.S. dollar to a two-week high, the rise in U.S. Treasury yields to a four-week high, and the hawkish remarks of Fed officials hit market sentiment. The...

Mark-VIP008 Updated 

On Wednesday, the prices of European and American bonds fell across the board, and the upward yields collectively put pressure on gold prices. Specifically, on the one hand, the yield of Germany's benchmark 10-year German bond rose by more than 10 basis points during the session; on the other hand, after the two-year and five-year Treasury auctions on Tuesday were...

Mark-VIP008 Updated 

In the trend of gold daily K, the stochastic indicator crosses downward, the main short runs downward, the central axis pressure position is near 2365, the main pressure, therefore, in terms of daily K, one is the form of the central axis suppression, the other is the indicator crosses downward, therefore, we can consider continuing to choose the high-altitude...

Mark-VIP008 Updated 

In the U.S. market on Tuesday (May 28), spot gold fluctuated within a narrow range and is currently trading around $2,355 per ounce. Gold prices rebounded nearly 1% on Monday, hitting an intraday high of $2,358.40 per ounce and closing near $2,350.99 per ounce, as investors assessed reduced bets on U.S. interest rate cuts ahead of a key inflation report later this...

Mark-VIP008 Updated 

On Friday, the United States released the University of Michigan consumer confidence index for May and one-year inflation expectations. From a data point of view, the University of Michigan Consumer Confidence Index recorded 69.1, higher than market expectations of 67.5 and the previous value of 67.4, ending a three-month downward trend. At the same time, judging...

Mark-VIP008 Updated 

Gold fell as the dollar rose to a new one-week high after traders reduced bets on the Fed cutting interest rates more than once this year after hawkish Fed meeting minutes released early Thursday morning. The strong performance of U.S. initial filings and PMI data released on Thursday night further dampened expectations of a rate cut by the Federal Reserve. The...

Mark-VIP008 Updated 

Yesterday's unilateral decline in gold ended in line with expectations and gradually adjusted towards the 2330 mark, which is also the only key support on the daily line. During the 4H cycle, the high point has been under pressure. Although there is a rebound under the 2330 first-line support in the short term, it remains to be seen whether the weakness can be...

Mark-VIP008 Updated 

Data released on Wednesday (May 15) showed that the U.S. core CPI monthly rate cooled for the first time in six months, indicating that price pressures are gradually weakening and supporting the Federal Reserve's intention to maintain higher interest rates for a longer period of time. After the data was released, spot gold surged by about $17 in the short term,...

Mark-VIP008 Updated 

Gaza ceasefire talks broke down, Israel advanced into northern Gaza and stormed Rafah without making any progress. U.S. CPI data in April fell short of expectations, April retail sales data fell short of expectations, U.S. inflation has gradually cooled over time, and weak retail sales data have boosted the possibility of the Federal Reserve cutting interest rates...

Mark-VIP008 Updated 

Gold hit the bottom and recovered to close as expected on Wednesday. The price of gold retraced its lowest support of 2351.7 and started to rise. It closed at 2385 in late trading, with a daily increase of 1.18%. It is a strong closing pattern, which also laid the foundation for Technically, after the daily closing of the Yang line, the gold price rushed towards...

Mark-VIP008 Updated 

Short-term gold continues to rise. Gold is still maintaining a strong and volatile trend along the short-term moving average on the daily trend. The price fell back after touching the early pressure zone, but the continuation was not very good and it continued to pull as expected. , but we need to see how the daily line closes today. Judging from the current...

Mark-VIP008 Updated 

The U.S. PPI data in April was strong, rising 0.5% month-on-month, 0.3% higher than expected. Core PPI also rose 0.5%, while the expected 0.2% was. However, both March PPI and core PPI were revised down from 0.2% to -0.1 %, the sharp downward revision of March PPI moderated the unexpected increase in April PPI. Powell's speech was also half hawkish and half...

Mark-VIP008 Updated 

On Tuesday, data showed that the U.S. PPI growth rate in April was 0.5%, much higher than the expected 0.3%. After hearing the news, traders reduced their bets that the Federal Reserve will cut interest rates for the first time in September. The possibility of an interest rate cut in September is estimated to be 60%. , while the probability before the report was...