On Thursday, the US dollar index saw a slight decline but maintained its position close to a six-month high at 105.74 before ultimately losing its gains and closing down 0.06% at 105.38. In terms of US Treasury yields, the 2-year US Treasury bond yield initially rose from an opening of 5.2% but later dropped to close at 5.144% due to unexpected developments. Meanwhile, the 10-year US Treasury bond yield surged, briefly reaching 4.5% before closing at 4.494%.
Gold prices faced pressure from the rise in US bond yields, with spot gold initially dropping below $1,920 and hitting an intraday low of $1,913.97. It did manage to recover slightly, closing down by 0.53% at $1,920.08 per ounce, marking its third consecutive day of negative performance. In contrast, silver prices exhibited a V-shaped pattern, dropping to an intraday low of $22.81 before rebounding to close up by 0.7% at $23.4 per ounce.
Crude oil prices experienced fluctuations, with WTI crude oil briefly dipping to an intraday low of $88.34 during the European trading session but ultimately closing with a 0.38% increase at $89.53 per barrel. Brent crude oil also closed with a marginal 0.04% increase at $93.19 per barrel.
The three major US stock indices all faced downward pressure, opening and closing at lower levels. The Dow index closed down by 1.08%, the Nasdaq closed down by 1.82%, and the S&P 500 closed down by 1.64%, marking its most significant one-day decline in the past six months. Key tech stocks like Amazon, Nvidia, and Tesla experienced notable drops, with Amazon declining by more than 4% and Nvidia and Tesla both dropping more than 2%.
In contrast, European stocks generally performed well, with Germany's DAX30 index closing down by 1.33%, the UK's FTSE 100 index closing down by 0.69%, and Europe's Stoxx 50 index closing down by 1.48%.
Trading Strategy:
BUY XAUUSD in the price range of 1908-1910
Stop Loss: 1906
Take Profit 1: 1920
Take Profit 2: 1935
Take Profit 3: 1940
SELL XAUUSD in the price range of 1927 - 1930
Stop Loss: 1933
Take Profit 1: 1920
Take Profit 2: 1915
Take Profit 3: 1910
Please ensure that you adhere to proper capital management principles by risking only 1% of your account. Additionally, avoid risking more than 5% of your account within the nearest 10 price levels. It's crucial to always set stop-loss orders (SL) in all trading situations and carefully consider your trades based on your current capital.
Gold prices faced pressure from the rise in US bond yields, with spot gold initially dropping below $1,920 and hitting an intraday low of $1,913.97. It did manage to recover slightly, closing down by 0.53% at $1,920.08 per ounce, marking its third consecutive day of negative performance. In contrast, silver prices exhibited a V-shaped pattern, dropping to an intraday low of $22.81 before rebounding to close up by 0.7% at $23.4 per ounce.
Crude oil prices experienced fluctuations, with WTI crude oil briefly dipping to an intraday low of $88.34 during the European trading session but ultimately closing with a 0.38% increase at $89.53 per barrel. Brent crude oil also closed with a marginal 0.04% increase at $93.19 per barrel.
The three major US stock indices all faced downward pressure, opening and closing at lower levels. The Dow index closed down by 1.08%, the Nasdaq closed down by 1.82%, and the S&P 500 closed down by 1.64%, marking its most significant one-day decline in the past six months. Key tech stocks like Amazon, Nvidia, and Tesla experienced notable drops, with Amazon declining by more than 4% and Nvidia and Tesla both dropping more than 2%.
In contrast, European stocks generally performed well, with Germany's DAX30 index closing down by 1.33%, the UK's FTSE 100 index closing down by 0.69%, and Europe's Stoxx 50 index closing down by 1.48%.
Trading Strategy:
BUY XAUUSD in the price range of 1908-1910
Stop Loss: 1906
Take Profit 1: 1920
Take Profit 2: 1935
Take Profit 3: 1940
SELL XAUUSD in the price range of 1927 - 1930
Stop Loss: 1933
Take Profit 1: 1920
Take Profit 2: 1915
Take Profit 3: 1910
Please ensure that you adhere to proper capital management principles by risking only 1% of your account. Additionally, avoid risking more than 5% of your account within the nearest 10 price levels. It's crucial to always set stop-loss orders (SL) in all trading situations and carefully consider your trades based on your current capital.
Comment:
still in strategy
Comment:
The market is still in my prediction.
