On Monday, entering the European market, as the US dollar recovered its early losses, gold fell under pressure and is currently trading around US$2020. The market is awaiting the arrival of key events this week, including the decisions of the Bank of Japan and the European Central Bank, US GDP and PCE price index, Federal Reserve officials are in a "silence...
The international spot gold market has started to fall slightly since above the first line in 2020, and the gold price range during the day has mainly fallen steadily and slowly. If it falls below $2020, it will continue to fall, and then there will be support at the low of 2001.75. Pay attention to oversold rebounds.
U.S. crude oil inventories fell by 6.674 million barrels in the week ended January 19 from the previous level of 483,000 barrels. WTI prices were lower on the day as traders focused on rising U.S. oil production and rising supplies from Libya and Norway. The short-term (1H) trend of crude oil has repeatedly fluctuated near the E point of the triangle, with the...
Spot gold continues to fall in the short term and is currently trading around US$2,028 per ounce, with intraday gains narrowing to around US$6. It had previously been close to $2,038 per ounce. Any subsequent gains in gold prices are likely to encounter strong resistance and be constrained near the $2040-2042 $/oz resistance area. If gold prices can continue to...
The price of gold continues to stabilize in the trading range above US$2,000, and many people in the Asian market are rushing to buy gold. With the rapid inflow of funds, demand will provide solid support for gold prices. If gold breaks through 2,031 US dollars per ounce, this will open up space for gold prices to rise further. Gold prices closed above 2016 US...
In the Asian market on Thursday, spot gold rebounded slightly after yesterday's sharp decline, and gold prices are currently trading near the 2015 US dollars per ounce mark. Spot gold prices fell to their lowest levels since mid-December as the U.S. dollar continued to strengthen. Gold prices fell to as low as $2,003.28 an ounce during New York trading on...
On Wednesday, during the European trading session, spot gold fluctuated and fell, and spot gold has established a solid support above $2,000 per ounce. Due to the uncertainty about the timing of the Federal Reserve's interest rate hike, the short-term upward momentum of gold prices has weakened. Gold prices currently appear to be consolidating between $2,000 and...
During the European market on Tuesday, financial markets suddenly experienced significant fluctuations. The U.S. dollar index has further surged in the short term, currently reaching a maximum of 103.13, a new high since December 13 last year, with an intraday increase of 55 points. Suppressed by the surge in the U.S. dollar, spot gold suffered a sell-off. The...
Entering the European market on Monday, spot gold maintained its upward trend and is currently trading around $2,050, as escalating tensions in the Middle East triggered safe-haven demand and the market once again bet that the Federal Reserve will cut interest rates ahead of schedule. Spot gold rose 0.3% to near $2,055 an ounce, with intraday fluctuations around...
From a technical point of view, the overall upward trend of international gold prices remains intact, but it is currently at a high level. If the bulls cannot break upward to open up new room for growth, they do not rule out the pressure of fear of high selling, because the market lacks new catalyst stimulation, and other market directions Re-intervention is a...
Gold prices attempted to break below the $2016.90/oz support line on Thursday, but prices rebounded from around this level and approached minor bearish channel resistance. Notably, the 50-period exponential moving average (EMA) meets this resistance, adding to its resistance. We are currently waiting for gold prices to resume their bearish trend. The first target...
The price of gold has maintained a weak oscillation within a narrow range this week, with the center of gravity shifting slightly downward. The weekly long trend remains intact, but there are signs of entering a short model on the daily line. The price of gold is currently running below the watershed of 2049 US dollars per ounce for this week's long and short...
The price of gold has maintained a weak oscillation within a narrow range this week, with the center of gravity shifting slightly downward. The weekly long trend remains intact, but there are signs of entering a short model on the daily line. The price of gold is currently running below the watershed of 2049 US dollars per ounce for this week's long and short...
Gold prices edged higher on Wednesday. Investors are questioning bets that the Federal Reserve will cut interest rates early. Gold prices have fallen sharply over the past week as traders steadily scaled back bets that the Federal Reserve could begin cutting interest rates as early as March 2024. The idea triggered a sharp rise in the U.S. dollar and also weighed...
Crude oil real-time market analysis: Crude oil plummeted to near the 70 mark. Affected by the decline in the US dollar index, it failed to successfully break through 70. The current oil price rebounded to 71.2. Yesterday's decline has basically confirmed the weakness in the first half of the week. For today's crude oil price, if it does not break above 72.4, it...
At the end of the Asian market on Monday, spot gold suddenly experienced another short-term plunge. The price of gold just fell below the US$2,030/ounce mark, falling by more than US$15 within the day. Gold prices were lower on Monday as rising U.S. Treasury yields were positive for the dollar, putting downward pressure on the yellow metal. Gold prices retreated...
The current price of gold is short on the entire Asia-European market. Now the market has started to fall as expected, and gold will remain short in the future. Gold's current downward trend is obvious. The rebound in the Asian and European markets is a repair of yesterday's sharp decline. Moreover, the rebound has not broken through the key watershed of 2050 at...
wwwtradingview.com In European market trading on Wednesday, the US dollar resumed its upward trend and stabilized above the 102 mark, while the price of gold has fallen below US$2,060. The market is awaiting the release of the Federal Reserve meeting minutes and U.S. economic data for further clues on the Fed's interest rate cuts. Gold prices came under slight...