Gold-Analysis7

Gold-Analysis7 Updated 

Gold once rebounded in the short term and approached the 2340 mark, and is currently trading around $2335. U.S. President Joe Biden admitted that Israel used American bombs against civilians, and the Israeli military blocked the Rafah crossing, triggering criticism and condemnation from the United Nations. The market has postponed expectations for the Fed's first...

Gold-Analysis7 Updated 

Gold continues to fluctuate on the daily trend, and the price is currently temporarily compressed between 2280-2330. The short-term moving average on the 4-hour level is currently basically in a flat state, and tends to continue to maintain a volatile trend in the short-term trend. The current short-term price is compressed within the narrow range of 2306-2320. At...

Gold-Analysis7 Updated 

Trend analysis: The gold trend competed around the downward trend line in the two trading days this week, forming a shock range with high and low points from 2290 to 2330. From a moving average perspective, gold prices are between the 5-day moving average and the 20-day moving average at the daily level. Under the suppression of the 20-day moving average and the...

Gold-Analysis7 Updated 

Inflation in the United States has risen this year. This has caused Federal Reserve officials to make intensive statements earlier, saying that there is no urgency to cut interest rates and may maintain restrictive monetary policies for a longer period of time. As the situation in the Middle East gradually stabilizes and concerns about escalation of conflicts...

Gold-Analysis7 Updated 

Gold failed to challenge the downward trend line yesterday and quickly rebounded to stay above the 2300 mark. The pressure of the downward channel is still effective. Even in the face of relatively turbulent geopolitical fundamentals, gold still fails to fully reflect its safe-haven properties. Some people would say that the overall rhythm of the current market...

Gold-Analysis7 Updated 

Gold still cannot rise and cannot break through the important resistance level of 2330. The market obviously lacks momentum. We also adjust our strategy in a timely manner and enter the market directly with short orders in the 2320 area. The k-line reached around 2330 three times but never broke through. In one hour, it was suppressed by the middle track of the...

Gold-Analysis7 Updated 

The initial unemployment rate data in the United States was released last night. The data showed that it was 231,000, which was much higher than the expected 215,000 and the previous value of 208,000. It was the largest weekly increase in eight months. The four-week average of relatively low fluctuations in the number of weekly applicants rose to a more than...

Gold-Analysis7 Updated 

Gold is currently in pause mode, and if the conflict between Iran and Israel eases, market focus will turn to the Federal Reserve. It is clear that the Federal Reserve is not going to cut interest rates anytime soon, which is a bearish factor for the gold and silver markets. If the conflict escalates, you will see gold rise again. For now, the focus is on...

Gold-Analysis7 Updated 

It is not difficult to see from the golden hour chart that gold has rebounded from the high in early trading to the 2305 line below. Although the market has fluctuated a little weaker, we can clearly see that during the decline of the market, the main bulls have continued to increase their positions and have strengthened. , which shows that this wave of decline at...

Gold-Analysis7 Updated 

On Wednesday, gold rose as high as the 2336 area, but did not stand firmly above 2330, and then fell back to recover its short-term gains. Focus on Thursday's announcement of the number of people filing for unemployment benefits and the quarterly personal consumption index in the United States, which may push gold to strengthen further.

Gold-Analysis7 Updated 

Yesterday, it continued its downward trend and fell below the $2,300 mark, reaching as low as $2,291. Based on the previous day's high, the two-day retracement was nearly $100, completing a retracement adjustment in a relatively short period of time. The retracement of the gold price itself is an adjustment. It is under such expectations that we effectively seized...

Gold-Analysis7 Updated 

: Gold has frequently experienced false breakthroughs in the recent trend. After a rapid decline, it has been rising higher. The short-term trend is a deep V. This can also reflect that gold’s willingness to fall in the near future is actually not strong. The short-term trend has been There is a signal of bottoming out. Although long orders were wiped out in early...

Gold-Analysis7 Updated 

The precious metal's near-term appeal remains weak as tensions in the Middle East ease and safe-haven demand weakens. Additionally, investors are cautious on gold ahead of the release of U.S. first-quarter gross domestic product (GDP) and March core personal consumption expenditures price index (PCE) data on Thursday and Friday respectively. Gold prices fell in...

Gold-Analysis7 Updated 

On Tuesday, gold fell to a short-term low of $2,315. Before the Federal Reserve FOMC meeting, the U.S. PCE index in April was 2.9%, indicating that the Federal Reserve has postponed interest rate cuts, and hawkish bets are affecting the trend of precious metals. Recently, the gold market has been fluctuating under the pressure of a 4-hour double top. The moving...

Gold-Analysis7 Updated 

As the market worried about a broader economic recession and worries about the escalation of the crisis in the Middle East had eased, gold prices fell the most in a year, and the market's "risk aversion" sentiment further reversed, with gold prices falling 2.34% to $2,336.46 per ounce. The trend of gold has been in this gloomy pattern throughout the day, with...

Gold-Analysis7 Updated 

Spot gold maintains a sharp decline during the day, with the price of gold currently located near US$2,300 per ounce. It plummeted $64.95, or 2.72%, on Monday to close at $2,327.18 per ounce, the largest single-day drop in more than a year. On Tuesday, it fell further, with gold prices reaching as low as $2,295.44 per ounce. The decline is already a trend, pay...

Gold-Analysis7 Updated 

In the past two days, gold rebounded above 2330 and fell back. Now it has been converted into a support level. If the fall does not fall below 2330, then gold can rely on 2330 to support the bullish trend. If the data is negative and directly falls below 2330, then the rebound will continue to be bearish. "Emotional trading is fatal. A good trader must keep an eye...

Gold-Analysis7 Updated 

U.S. first-quarter GDP growth released on Thursday fell short of market expectations, dragging the U.S. dollar index to a nearly two-week low and helping gold prices hold on to key support. During the day, we will focus on data such as the annual rate of the core PCE price index in March in the United States, the monthly rate of personal expenditures in the United...