In Asian hours on Tuesday, May 14, spot gold traded in a narrow range, currently trading around 2341. Gold fell 1 percent on profit-taking to settle at $2,336.10 an ounce on Monday as investors awaited key inflation data this week for more clues on a U.S. interest rate cut this year. In addition, Federal Reserve Chairman Jerome Powell will also speak in the day, investors need to pay attention to. The market's focus this week will be on US PPI data on Tuesday, followed by CPI data on Wednesday.
Spot gold day line closed negative overnight, prices relying on the 20-day average to stop falling, short-term market bullish sentiment passivation, above the focus on yesterday's rebound high 2365 pressure. The K line fluctuates and falls, and the price continuously receives a cross star, indicating that there is buying support below the price running below the Bolin rail, the morning short-term line pays attention to the pressure in the area of 2350-2345 above the 10 moving average and 20 moving average, the Brin closes, the 5 moving average dies down, and the price upside potential energy is slowing down.
Spot gold day line closed negative overnight, prices relying on the 20-day average to stop falling, short-term market bullish sentiment passivation, above the focus on yesterday's rebound high 2365 pressure. The K line fluctuates and falls, and the price continuously receives a cross star, indicating that there is buying support below the price running below the Bolin rail, the morning short-term line pays attention to the pressure in the area of 2350-2345 above the 10 moving average and 20 moving average, the Brin closes, the 5 moving average dies down, and the price upside potential energy is slowing down.
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Today we all made a huge profit through our internal signals, if you need help now, you can contact me
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