Gold-Analysis7

Gold-Analysis7 Updated 

On Tuesday, gold fell to a short-term low of $2,315. Before the Federal Reserve FOMC meeting, the U.S. PCE index in April was 2.9%, indicating that the Federal Reserve has postponed interest rate cuts, and hawkish bets are affecting the trend of precious metals. Recently, the gold market has been fluctuating under the pressure of a 4-hour double top. The moving...

Gold-Analysis7 Updated 

Gold failed to break through new highs again. Although there was a short-term rebound, the amplitude was very small. The short-term decline has become a trend. Then we will follow the trend according to the market, short on rallies, and achieve stable profits. We hope this can Help you.

Gold-Analysis7 Updated 

As the market worried about a broader economic recession and worries about the escalation of the crisis in the Middle East had eased, gold prices fell the most in a year, and the market's "risk aversion" sentiment further reversed, with gold prices falling 2.34% to $2,336.46 per ounce. The trend of gold has been in this gloomy pattern throughout the day, with...

Gold-Analysis7 Updated 

Spot gold maintains a sharp decline during the day, with the price of gold currently located near US$2,300 per ounce. It plummeted $64.95, or 2.72%, on Monday to close at $2,327.18 per ounce, the largest single-day drop in more than a year. On Tuesday, it fell further, with gold prices reaching as low as $2,295.44 per ounce. The decline is already a trend, pay...

Gold-Analysis7 Updated 

Yesterday, it continued its downward trend and fell below the $2,300 mark, reaching as low as $2,291. Based on the previous day's high, the two-day retracement was nearly $100, completing a retracement adjustment in a relatively short period of time. The retracement of the gold price itself is an adjustment. It is under such expectations that we effectively seized...

Gold-Analysis7 Updated 

The precious metal's near-term appeal remains weak as tensions in the Middle East ease and safe-haven demand weakens. Additionally, investors are cautious on gold ahead of the release of U.S. first-quarter gross domestic product (GDP) and March core personal consumption expenditures price index (PCE) data on Thursday and Friday respectively. Gold prices fell in...

Gold-Analysis7 Updated 

In the past two days, gold rebounded above 2330 and fell back. Now it has been converted into a support level. If the fall does not fall below 2330, then gold can rely on 2330 to support the bullish trend. If the data is negative and directly falls below 2330, then the rebound will continue to be bearish. "Emotional trading is fatal. A good trader must keep an eye...

Gold-Analysis7 Updated 

: Gold has frequently experienced false breakthroughs in the recent trend. After a rapid decline, it has been rising higher. The short-term trend is a deep V. This can also reflect that gold’s willingness to fall in the near future is actually not strong. The short-term trend has been There is a signal of bottoming out. Although long orders were wiped out in early...

Gold-Analysis7 Updated 

U.S. first-quarter GDP growth released on Thursday fell short of market expectations, dragging the U.S. dollar index to a nearly two-week low and helping gold prices hold on to key support. During the day, we will focus on data such as the annual rate of the core PCE price index in March in the United States, the monthly rate of personal expenditures in the United...

Gold-Analysis7 Updated 

It is not difficult to see from the golden hour chart that gold has rebounded from the high in early trading to the 2305 line below. Although the market has fluctuated a little weaker, we can clearly see that during the decline of the market, the main bulls have continued to increase their positions and have strengthened. , which shows that this wave of decline at...

Gold-Analysis7 Updated 

On Wednesday, gold rose as high as the 2336 area, but did not stand firmly above 2330, and then fell back to recover its short-term gains. Focus on Thursday's announcement of the number of people filing for unemployment benefits and the quarterly personal consumption index in the United States, which may push gold to strengthen further.

Gold-Analysis7 Updated 

After the intraday shock and correction, the short-term position is currently intertwined with the moving average near 2375. The short-term trend begins to show a bottoming trend and begins to exert upward force. Trading strategy; go long in the 2370-2373 area, target 2390.

Gold-Analysis7 Updated 

The Times of Israel's latest report on Tuesday stated that the United States expressed confidence that Israel would not attack Iran directly and would instead focus on its proxies. The British "Financial Times" reported on Tuesday that the United States and its European allies have stepped up efforts to dissuade Israel from launching a counterattack against...

Gold-Analysis7 Updated 

Yesterday, gold staged a bullish and short-selling trend. First, it fell from around 2360 to around 2325 due to the good performance of US economic data. However, as the market responded to Israel's remarks on the topic of counterattack, gold began to rise, leading bulls to launch a counterattack. The price rose and tested to a position near 2392. Such a trend can...

Gold-Analysis7 Updated 

From the current point of view, gold is just rebounding. The negative line of gold hit the top yesterday, that is, the opening price was around 2382 yesterday. The rebound of gold in the afternoon did not break through the resistance overnight, which shows that the resistance of gold in this place is still effective. Since gold encounters resistance in the short...

Gold-Analysis7 Updated 

Gold is currently in pause mode, and if the conflict between Iran and Israel eases, market focus will turn to the Federal Reserve. It is clear that the Federal Reserve is not going to cut interest rates anytime soon, which is a bearish factor for the gold and silver markets. If the conflict escalates, you will see gold rise again. For now, the focus is on...

Gold-Analysis7 Updated 

The Fed's hawkish speech blocked gold at the 2400 mark. The United States has warned Israel that it does not want to see tensions escalate further. This statement cooled the market's risk aversion, thus putting downward pressure on gold prices. However, Israeli military spokesman Hagari said on April 16 that Israel would not remain "indifferent" after being...

Gold-Analysis7 Updated 

Gold prices edged higher in early trade this week, boosted by an escalation in the conflict between Iran and Israel over the weekend. Traders are bracing for a new week after an Iranian drone attack on Israel late Saturday night, with investors seeking safety in traditional safe havens. In the coming week, gold prices are likely to continue their volatile trend,...