XAUUSD remains high, future moves from FED ?
As expected, gold reacted with a sharp decline and as soon as it reached the 2047 resistance zone yesterday, the price fell 20 prices to a low of 2027
But currently there is not much difference in the pressure from buyers and sellers. Gold is likely to continue its sideways movement today and then move slightly higher before a new trend develops.
Can be purchased at a short price of 5 to 10 points at a range of 203 times.
We wish retailers an effective translation strategy.
-ENTRY BUY: 2028-2033 (STOP: 2023)
-Target date: 2045
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Last night, the world's largest economy announced that its December consumer confidence index jumped to 110 points from 101 points in November, significantly higher than the 103 point estimate. US home sales also increased from 3.79 million square meters in October to 3.82 million square meters in November, well above expectations of 3.78 million square meters.
The European Economic Area also announced that its consumer confidence index rose significantly from -16.9 points in November to -15.1 points in December, exceeding the previous estimate of -16.5 points.
According to technical analysis, the consumer confidence index is a leading indicator that can predict consumer spending, which plays an important role in overall economic activity. Higher numbers indicate higher consumer optimism. This will help the manufacturing industry recover further.
This information caused the US dollar to soar in the international payments basket. Specifically, the dollar index, which measures the dollar's strength in the international payments basket, reversed at 6:22 a.m. (Hanoi time) this morning, rising 0.23% to 102,400 points.
Experts say investors have booked profits in gold after the past two uptrends as the economy showed positive signs and the US dollar price rose. SPDR, the world's largest gold trust, also sold a net 2.02 tonnes of gold in its last trade on December 20th. Experts warn that gold prices are under pressure from economic information from major countries. As more information continues to be revealed in the final week of December, investors should be careful about buying at high prices. With positive information, global gold prices could still remain below the $2,000/oz threshold.
But currently there is not much difference in the pressure from buyers and sellers. Gold is likely to continue its sideways movement today and then move slightly higher before a new trend develops.
Can be purchased at a short price of 5 to 10 points at a range of 203 times.
We wish retailers an effective translation strategy.
-ENTRY BUY: 2028-2033 (STOP: 2023)
-Target date: 2045
----------------------------------------------
Last night, the world's largest economy announced that its December consumer confidence index jumped to 110 points from 101 points in November, significantly higher than the 103 point estimate. US home sales also increased from 3.79 million square meters in October to 3.82 million square meters in November, well above expectations of 3.78 million square meters.
The European Economic Area also announced that its consumer confidence index rose significantly from -16.9 points in November to -15.1 points in December, exceeding the previous estimate of -16.5 points.
According to technical analysis, the consumer confidence index is a leading indicator that can predict consumer spending, which plays an important role in overall economic activity. Higher numbers indicate higher consumer optimism. This will help the manufacturing industry recover further.
This information caused the US dollar to soar in the international payments basket. Specifically, the dollar index, which measures the dollar's strength in the international payments basket, reversed at 6:22 a.m. (Hanoi time) this morning, rising 0.23% to 102,400 points.
Experts say investors have booked profits in gold after the past two uptrends as the economy showed positive signs and the US dollar price rose. SPDR, the world's largest gold trust, also sold a net 2.02 tonnes of gold in its last trade on December 20th. Experts warn that gold prices are under pressure from economic information from major countries. As more information continues to be revealed in the final week of December, investors should be careful about buying at high prices. With positive information, global gold prices could still remain below the $2,000/oz threshold.
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