The final value of U.S. retail sales data in February was 0.6%, lower than the expected 0.8%, but higher than the previous value of -0.8%. The final value of PPI in February was 1.6%, exceeding the expected 1.11%, and the previous value was 1%. PPI rose 0.6% month-on-month, twice the expected value, and the previous value was 0.3%. The rise in energy prices is...
Gold maintained its rebound on Monday, with gold prices currently sitting around $2,180. Gold gained bullish momentum last week, hitting a new all-time high above $2,190, driven by falling U.S. Treasury yields and broad-based selling pressure in the U.S. dollar. Spot gold remains technically overbought ahead of key U.S. inflation data this week. Data on...
Gold fluctuated within a narrow range on Tuesday and is currently trading around $2,177. After trading slightly higher on Monday, prices remain near all-time highs after last week's record gains, as traders await U.S. inflation data that could provide more clarity on the Federal Reserve's interest rate trajectory. U.S. CPI data for February will be released...
Gold fluctuated within a narrow range on Wednesday and is currently around 2159. The price of gold fell back nearly $30 on Tuesday, once touching 2150, a drop of more than 1%. The U.S. inflation report dimmed the prospect of an imminent interest rate cut by the Federal Reserve. The price of gold plummeted by nearly $25. The U.S. dollar index edged higher after a...
On Thursday, the U.S. dollar index gave up yesterday's gains at 103.93, but bulls continued to put pressure on gold ahead of the release of Personal Consumption Expenditures (PCE), and gold prices have yet to break out of range trading. The dovish Federal Reserve released a timetable for interest rate cuts, suggesting that interest rate cuts will begin in the...
Gold held on to a strong trend on Thursday following yesterday's sharp gains. The U.S. dollar index tumbled to a nearly five-week low on Wednesday after Federal Reserve Chairman Jerome Powell reiterated in congressional testimony that the Fed is still expected to cut interest rates starting later this year even if it is uncertain whether inflation can continue to...
On Tuesday, gold maintained a strong trend after soaring by more than $30 yesterday, with gold prices currently sitting around 2120. International gold continued to rise, near three-month highs, on expectations of a rate cut by the Federal Reserve. With the market betting that the first U.S. interest rate cut since early 2020 is imminent, traders have...
Gold broke out like crazy last week. At the beginning of the week, the overall price maintained a volatile pattern around 2030. Last Thursday, it rose to 2050 due to PCE data that was in line with expectations. Last Friday, it reached a higher level. Under the influence of weak US data, it soared by nearly 50 US dollars, once reaching 2088, and finally closing at...
Gold hit a one-month high of 2050 on Thursday and closed near 2044. U.S. inflation data was in line with expectations and the number of Americans filing for unemployment benefits increased slightly, providing upward momentum for international gold. Traders' attention turned to further comments from Federal Reserve officials for clues about a rate cut. The...
Although U.S. durable goods orders data in January performed poorly, gains in London gold prices were limited as some short-term bulls took profits. Investors will focus on key inflation data and comments from Federal Reserve officials this week. The dollar index remained weak, hovering near a three-week low, making gold more attractive to overseas buyers....
Crude oil technical aspects Daily resistance is 79.2, support below is 75.5-74.4 Four-hour resistance is 76.8, and support below is 75.5-74.4 Crude oil operation suggestions: Judging from the daily analysis, crude oil prices fell last week and closed down, and the bullish trend weakened, but the overall trend was still bullish. The daily level has not exceeded...
gold technical aspect Daily resistance 2037-40, lower support 2000-1966 Four-hour resistance 2037-40, lower support 2015 Gold operation suggestions: Today, the upper resistance continues to focus on last Friday's high around 2040-42, and the lower support focuses on around 2020-15. According to this range, we will continue to sell high and buy low. In the short...
gold technical aspect Daily resistance 2037-40, lower support 2000-1966 Four-hour resistance 2037-40, support below 2030-15 Gold operation suggestions: From the daily analysis, we are currently focusing on 2037-40 suppression at the top and support at 2030-15 at the bottom. If there is no stimulus from bullish news, gold may surge higher and then fall...
Gold technical analysis Daily resistance 2037-40, lower support 2000-1966 Four-hour resistance 2033-37, lower support 2020 Gold operation suggestions: From a four-hour perspective, we will first focus on the short-term support of 2010 today. If 2010 falls below, it may test 2000, and then continue to focus on the suppression of 2025 above. The daily level is...
gold technical aspect Daily resistance 2037-40, lower support 2000-1966 Four-hour resistance 2033-37, lower support 2020 Gold operation suggestions: From a four-hour perspective, we will first focus on the short-term support of 2020 today. If it does not break here for four hours, we can go long in the short term, and then continue to focus on the suppression of...
Gold technical analysis Daily resistance 2037-40, lower support 2000-1966 Four-hour resistance 2033-37, lower support 2020 Gold operation suggestions: From a four-hour perspective, we will first focus on the 2020 first-line short-term support today. If the four-hour chart does not break, we can try to go long here. Pay attention to the suppression of 2033 above,...
From the daily analysis, crude oil is currently in the range of 71.5-78.5. The daily level has not broken through and stabilized at 78.5, but is still in shock. Below is the support of 76.5-75.4. Trade based on this range first. If the price breaks through 78.5, and Oil prices above 78.5 will see further room for growth
gold technical aspect Daily level resistance 2029-2037, support below 2000-1966 Four-hour resistance 2020-2031, support below 2011 ✅Gold operation suggestions: From the four-hour analysis, today's lower support is still focused on the vicinity of 2011, and the upper pressure is in the 2020-2025 area. The daily level long and short dividing line is 2037. The daily...