SmartTradeYE

SmartTradeYE

OANDA:XAUUSD Spot Gold Despite retail sales data falling short of expectations, there was a rebound compared to the previous figures. Subsequently released economic data also indicated the resilience of the economy. After a brief surge, gold quickly retreated, with the current downward momentum finding temporary support near 1987. The hourly trend has gradually...

SmartTradeYE

Spot Gold Overnight, Federal Reserve officials maintained their hawkish stance, but it did not have a significant impact on the market, and there were no significant changes in market interest rate expectations. For gold, it continues to trade within a range, with the level around 2022 remaining one of the key resistances in the near term. The first support to...

SmartTradeYE

OANDA:XAUUSD Spot Gold On Friday, the continuous rebound of US Treasury yields prevented gold from breaking through the 2021 resistance level. After the pullback, the short-term trend is temporarily under pressure. Key support levels to watch for during the day are around 1998-2000. However, the hourly trend of the 10-year US Treasury yield is approaching...

SmartTradeYE

The PPI performance meets expectations, and gold has shown a trend of repeated rise and fall in the short term, and it has fallen to 2012 after breaking through 2020 with high volume. The hourly downtrend line has been established, which limits the rebound space for gold. It is recommended to focus on shorting at high levels and supplementing with long positions...

SmartTradeYE

Spot Gold OANDA:XAUUSD The US CPI data showed that inflation slowed down, giving the market a temporary relief, but the economic growth rate was still sluggish, far from the Fed’s target. Therefore, the market’s expectation of the Fed’s rate cut did not change, only the short-term optimism faded, and some investors chose to take profits. This led to gold...

SmartTradeYE

Under the influence of the dollar's recovery, the gold market in the U.S. market gaming fierce, gold prices fell slightly. At present, the dollar has again approached the 102 mark, need to pay attention to the nearby trading performance. If it continues to break up, gold may have the risk of a pullback in the short term, with support levels to watch out for at...