Mark-VIP008

Mark-VIP008 Updated 

Yesterday, the Asian and European sessions maintained a range of fluctuations until the release of the US CPI data. The market rushed from 2311 to 2341, an increase of 30 US dollars. Then it adjusted back to 2320 and quickly hit 2340. It fell back at the end of the session, indicating that there was great pressure from above. The lowest test in the morning was...

Mark-VIP008 Updated 

The US CPI data for May is expected to have a significant impact on the Fed's interest rate decision. If the inflation data exceeds expectations, it may increase expectations that the Fed will delay rate cuts, which will put pressure on gold prices. Conversely, if the inflation data is lower than expected, it may provide support for gold prices. Gold ETFs provide...

Mark-VIP008 Updated 

At the 4-hour level, the market failed to break the low yesterday. The European and American markets rebounded, but failed to break through the previous low of 2320. Today, we need to pay special attention to whether the market will further rebound and correct, or fall back and continue to break the bottom. The overall structure is weak. Today's short-term...

Mark-VIP008 Updated 

The United States released non-farm data for May, with 272,000 new jobs, far exceeding the market expectation of 185,000. At the same time, wages increased by 0.4%, also higher than the expected 0.3%, which suppressed the Fed's expectations of a rate cut. In terms of geopolitical situation, the United Nations passed a resolution on the Gaza Strip submitted by the...

Mark-VIP008 Updated 

From a technical perspective, after the rise on Wednesday and the continued rise in early trading on Thursday, gold has now formed a stubborn bottom at 2315. The daily line has broken through the middle Bollinger band with consecutive positive lines, and the upper track high of 2420 is about to be seen. Therefore, this wave of rise has just begun and there is...

Mark-VIP008 Updated 

The technical pattern of gold's 4-hour trend has not yet fully opened, and it tends to continue to maintain a relatively volatile trend in the short term. After the continuous rise in the hourly trend, the K-line is now running outside the upper track of the Bollinger band, and it is not too far from the pressure zone of the oscillation range. The space for...

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 

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...

Mark-VIP008 Updated 

Gold rebounded today relying on support near 2332, and the European market rebounded to around 2348. At present, the long and short positions are not very clear. 2355 is the key and watershed. The short-term trend is somewhat strong, and there may be an upward impact test in the evening. At the top, focus on the key watershed of 2355, and on the bottom, focus on...