San Francisco Fed President Mary Daly said on Monday that the Fed must "carefully" complete its work to control inflation, noting that rising unemployment is increasingly becoming a risk. Chicago Fed President Goolsbee is still waiting for inflation to cool further, which is part of the process to open the door to rate cuts. Goolsbee told CNBC that he was "privately optimistic that we will see improvement in inflation" and that he was hopeful that the Fed would be "slightly more confident on inflation" and believed that pressure was declining after being higher than expected at the beginning of this year. Cleveland Fed President Loretta Mester still believes that the Fed needs to continue to actively sell mortgage bonds as part of its efforts to continue to reduce the size of its balance sheet. These bonds were purchased to restore market function and stimulate the economy after the outbreak of the new crown epidemic. As government debt continues to grow and geopolitical tensions remain intensified, more countries will reduce their investment in the US dollar. As investors wait for the Federal Reserve to launch a new round of easing cycle, the global gold spot market remains well supported, and central banks in many countries continue to buy gold and reduce their investment in the US dollar. Gold will be sensitive to US PCE data, but this will not stop its long-term upward trend. While waiting for the latest inflation data such as the PCE in May in the United States to be released on Friday, the gold market has fallen into a stable state.
Technical analysis of gold: Yesterday, gold had a volatile downward trend, and the trend was completely under control, as everyone witnessed! Yesterday, gold opened at $2,321. In the morning, gold slightly retreated to $2,317 and then started a volatile rebound trend. The highest rebound in the European session touched the $2,332 line and then started a wave of decline. We also entered the market precisely at $2,331! Gold fell as expected, and the lowest decline in the European session touched the $2,320 line. We made a big profit on our short orders! Gold in the US market did not go out of a continued market, but continued to start a volatile trend. The range was $2,320 to $2,335 and ended in a volatile trend. It finally closed at $2,333. The daily line closed with a long lower shadow line. After this pattern ended, the current downward trend of gold remained unchanged. From the daily line pattern, the rebound will continue to give us a good opportunity to short!
Gold rebounded yesterday, but the bull market is not sustainable. Gold is just a rebound. Gold has not reversed yet. The rebound in the morning continues to be short. Gold 2300 will eventually break. Let's wait and see! The moving average of the gold 1-hour chart is about to form a dead cross downward. Once the dead cross is formed, the gold shorts will also exert their strength. Gold 2300 will eventually be difficult to maintain and will be broken. Gold rebounded yesterday and was still under pressure from the 2335 resistance, and the moving average resistance also moved down to around 2336; gold rebounded in the morning and continued to short near the 2335 resistance. On the whole, the short-term operation strategy for gold today is to focus on rebound shorting and callback longing. The short-term focus on the upper side is 2335-2341 resistance, and the short-term focus on the lower side is 2295-2306 support.
Technical analysis of gold: Yesterday, gold had a volatile downward trend, and the trend was completely under control, as everyone witnessed! Yesterday, gold opened at $2,321. In the morning, gold slightly retreated to $2,317 and then started a volatile rebound trend. The highest rebound in the European session touched the $2,332 line and then started a wave of decline. We also entered the market precisely at $2,331! Gold fell as expected, and the lowest decline in the European session touched the $2,320 line. We made a big profit on our short orders! Gold in the US market did not go out of a continued market, but continued to start a volatile trend. The range was $2,320 to $2,335 and ended in a volatile trend. It finally closed at $2,333. The daily line closed with a long lower shadow line. After this pattern ended, the current downward trend of gold remained unchanged. From the daily line pattern, the rebound will continue to give us a good opportunity to short!
Gold rebounded yesterday, but the bull market is not sustainable. Gold is just a rebound. Gold has not reversed yet. The rebound in the morning continues to be short. Gold 2300 will eventually break. Let's wait and see! The moving average of the gold 1-hour chart is about to form a dead cross downward. Once the dead cross is formed, the gold shorts will also exert their strength. Gold 2300 will eventually be difficult to maintain and will be broken. Gold rebounded yesterday and was still under pressure from the 2335 resistance, and the moving average resistance also moved down to around 2336; gold rebounded in the morning and continued to short near the 2335 resistance. On the whole, the short-term operation strategy for gold today is to focus on rebound shorting and callback longing. The short-term focus on the upper side is 2335-2341 resistance, and the short-term focus on the lower side is 2295-2306 support.
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Today, gold is mainly shorted. If it rebounds, you can continue to short gold.
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It is a good time to short gold. I will post today's trading strategy on the channel.
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You can still continue to short gold, my channel has today’s trading strategy
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Gold fell as expected today, my channel has today's trading strategy
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Gold fell as we predicted today. My channel has today's gold trading strategy.
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Shorting gold today is a good trade. Now the volatility of gold is very small. Tomorrow I will continue to publish trading strategies on the channel for your reference.
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Shorting gold today is a good trade. Now the volatility of gold is very small. Tomorrow I will continue to publish trading strategies on the channel for your reference.
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There is very little volatility in gold right now. We have been predicting gold for a week, and I will continue to publish gold trading strategies on the channel tomorrow.
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There is very little volatility in gold right now. We have been predicting gold for a week, and I will continue to publish gold trading strategies on the channel tomorrow.
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There is very little volatility in gold right now. We have been predicting gold for a week, and I will continue to publish gold trading strategies on the channel tomorrow.
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There is very little volatility in gold right now. We have been predicting gold for a week, and I will continue to publish gold trading strategies on the channel tomorrow.
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You can still short gold at present, TP2298
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If you took my advice and sold gold, you can TP now. At present, gold still has room to fall.
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If you took my advice and sold gold, you can TP now. At present, gold still has room to fall.
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If you took my advice and sold gold, you can TP now. At present, gold still has room to fall.
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We have predicted the trend of gold for two consecutive weeks. Now the volatility of gold is very small. I will continue to publish trading strategies on the channel tomorrow.
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Bro, I don't understand what you mean.
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Gold is still fluctuating, I suggest that gold should still be shorted at high levels
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Today, gold still chooses to short at high levels, supplemented by long positions at pullbacks. You can short gold directly at 2330-2335
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Shorting gold is still profitable, if you are trading it now, or are still losing money you can find trading strategies on my channel.
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Gold can still be shorted at present, don't try to buy gold
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At present, gold is stable. Recently, gold is still fluctuating in a range. However, gold still needs to choose to short at a high level. The rise of gold is still not enough.