Crude oil continued to be bullish last week, in line with the expectation that crude oil will enter a new main rise. At present, oil prices have broken through the previous high point, which once again shows that the current upward trend is not over yet. Therefore, it is useless to say more about the direction of the trend, and continue to be bullish and long.
Gold is facing solid resistance at $1945.20 an ounce, waiting for the price of gold to gain some momentum to help push the price above this level and open the way for a new uptrend in the price of gold. In this case, the first bullish target for gold is $1960.00/oz, and the higher target is $1977.25/oz. Failure to break through $1,945.20 an ounce and fall below...
Spot gold fluctuated within a narrow range and is currently trading around $1,945 per ounce. Weak U.S. economic data has deepened expectations that the Federal Reserve will suspend interest rate hikes this year. This caused the U.S. dollar index to refresh a nearly two-week low to around 102.92 on Wednesday. It helped the price of gold hit a nearly one-month high...
Looking at the trend of the four-hour chart, the market has been adjusting after the violent rise last week, but it should continue to start this week, and the bulls will continue. The price and timing of entry, so you still have to wait, if you can’t eat hot tofu in a hurry, this is the most winning way to trade! Trading strategy: more than 1908 gold, stop loss...
The continuity of the rebound is not strong, which belongs to the rhythm of shocks and upwards. It bottomed out twice at 77.5 to form a double-bottom probe structure. In the early morning, it bottomed out and rebounded to a depth of 78.0, closing at the 80.0 line. Crude oil is around 79.3 on Monday, the stop loss is 78.5, and the target is 80.4-81.0!
The overall trend of crude oil yesterday was like a roller coaster, but last night it formed a V-shaped reversal. It fell below the 79.5 resistance within the day and rebounded again, but failed to break through the previous day's low of 77.6. We went long at the low point of 77.6, and successfully ushered in a big rise, with a stop profit of 78.6! From the daily...
The price of gold briefly broke through the $1,900 mark, which spurred the price of gold to soar to around $1,920. Nonetheless, Powell's upcoming remarks have the potential to anchor gold prices at $1,900, or push them towards the $1,950 mark. Meanwhile, a stronger U.S. dollar, rising for a sixth week in a row, raised costs for buyers and held back gold's upward momentum.
Driven by the weakening of the U.S. dollar, the spot gold price is around 1920. The current upward trend is unabated, and the rebound trend is obvious. The target of the upward trend is expected to be 1929.
Gold prices have slumped in recent weeks due to multiple headwinds including soaring real yields, a stronger dollar and the prospect of U.S. interest rates remaining high for a longer period of time, but the decline will not stop, and occasional rebounds are normal.
For the short-to-medium-term fundamentals that affect gold prices (mainly factors such as real yields and the U.S. dollar), after a very good year for the industry, the outlook for gold is still somewhat complicated. , gold prices may continue to consolidate and/or correct for a period of time, but will still decline slowly.
The market is currently pricing in higher U.S. interest rates for a longer period of time, this dynamic will support the dollar, but it is bad news for gold, in this context, gold prices may continue to fall, I think the next support level will be in 1875.
Gold prices held at five-month lows on positive economic data that pushed the dollar and Treasuries sharply higher, reinforcing expectations for a tightening by the Federal Reserve. Spot gold should continue to fall amid gains and a stronger dollar.
Gold is currently in a downtrend. I personally think this is the bottoming market before the rebound. It will be difficult to break through the 1900 mark. Lingering for a long time, unbroken. 1907-1909 available.
Gold moves around the 5-day moving average under pressure. Last Friday, it rebounded strongly to 1921, and finally broke down again, and the weak downward trend remained unchanged. From the 4-hour chart, the trend of gold today is relatively simple, and it may continue to refresh the lowest.