Analysis of gold market trend on August 15 (Thursday)
From a long-term perspective, there is a lot of room for gold to rise!
Yesterday's CPI data was lower than expected. Gold was slightly bullish but plummeted 1% from a peak of 2476 to 2437 and closed at 2447.
In early trading today, gold fluctuated within a narrow range, with slight signs of recovery compared to yesterday. It is currently fluctuating at 2453.
In addition, there are several factors that you must consider!
1 Political situation in the Middle East: Tensions between Iran and Israel may have eased recently, and conflicts between Ukraine and Russia may further intensify.
2 The U.S. interest rate cut in September is a certainty, whether it will be 25% or 50%
The motivation for gold’s rise today on the daily chart is a bit lacking
Support level 2448 2438 2420
Resistance level 2460 2467 2480
Yesterday's CPI data was lower than expected. Gold was slightly bullish but plummeted 1% from a peak of 2476 to 2437 and closed at 2447.
In early trading today, gold fluctuated within a narrow range, with slight signs of recovery compared to yesterday. It is currently fluctuating at 2453.
In addition, there are several factors that you must consider!
1 Political situation in the Middle East: Tensions between Iran and Israel may have eased recently, and conflicts between Ukraine and Russia may further intensify.
2 The U.S. interest rate cut in September is a certainty, whether it will be 25% or 50%
The motivation for gold’s rise today on the daily chart is a bit lacking
Support level 2448 2438 2420
Resistance level 2460 2467 2480
Note
Traders still need to pay attention to the number of initial jobless claims in the United States for the week ending August 10 (10,000) today.Note
Yesterday we clearly saw the short trend and made a lot of money. Today we will continue to send instructions on the channel. Please pay attention and leave messages!Note
Investment is a long-term plan, not a one-time investment, so don't rush for success. Even if you are losing money now, there is nothing to be afraid of. As long as you make the right choice, everything you lose will come back. If you need help, you can follow me. We have real-time trading signal updates every day. Don't miss\Note
Gold is currently trading sideways with little change. Pay attention to today's data, industrial production and retail sales. This is another good signal to enter the market.
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