Gold is now priced around 2570. Gold prices fell slightly from their all-time highs in the previous trading day as the U.S. retail sales monthly rate in August was stronger than market expectations, the dollar and U.S. Treasury yields rebounded, and some traders took profits on long orders in preparation for the Fed's possible rate cut decision this week. The...
Gold technical analysis Daily resistance 2600, support below 2500 Four-hour resistance 2600, support below 2566-2530 Gold operation suggestions: Yesterday, the Federal Reserve unexpectedly cut interest rates by 50 basis points and ushered in a high-level breakthrough of the 2600 mark, which was suppressed and fell back, and then fell and bottomed out. The overall...
The Fed's interest rate decision will be announced in two hours. Will gold hit a new high or a correction? On the 1-hour chart, you can see that there is a minor resistance level near the 2575 level, and there is also a downward trend line converging. If the price pulls back to this resistance level, sellers may intervene, aiming to fall to the 2548 support...
Today, the focus of the entire market is on the Federal Reserve's interest rate meeting. The market expects a 50 basis point cut, which may be the trigger for this wave of rise, but it may not have much impact at all. Yesterday, the 2600 line was not kicked off, but fell back with a big negative. Technical points: (1) The European session bottomed out and...
Gold rebounded from a high level and built a top. Don't chase long easily. Gold rebound is an opportunity for shorts. The Fed's interest rate decision and the expectation of interest rate cuts are about to be fulfilled. The positive news for gold is fulfilled and it may rise and fall. Gold broke down after repeated fluctuations at a high level in 1 hour. The top...
The excitement is building as the Federal Reserve is about to announce its rate decision—whether it's a 25 or 50 basis point cut. Will gold reach new highs or begin a downward trend? Let’s wait and see. From a personal perspective, I'm not particularly concerned about the impact on trading. Whether the market moves up or down, it will eventually return to the...
Gold prices did not fluctuate much during the day. It retreated to the lowest level of 2574.50 in the Asian session, and then turned positive and moved upward. However, the space has not been opened yet, and it is in the rhythm of range fluctuations. For the extremely strong trend in the past few days, the recent two days have been mainly corrections. At the same...
In the four-hour chart, the price recovered the upper line and ran below the upper line. The short-term support is at the acceleration line 2573. If it breaks down here, it also indicates that the lower line of the hourly chart will break. Once it breaks, it will resonate downward, at least testing the support of the 2562-50 line. Secondly, from the four-hour...
Gold technical analysis Daily resistance 2590, support below 2530 Four-hour resistance 2575, support below 2544 As the saying goes, the longer the horizontal line, the higher the vertical line. After a long period of box consolidation, the gold price broke upward and refreshed the historical high of 2531. It is emphasized that after the break of 2531, it is time...
Gold fluctuated in a narrow range at highs on Tuesday, and the current price is around 2583. Gold prices rose slightly on Monday, hitting a record high of 2590, helped by a weaker dollar and the expectation that the Federal Reserve will announce a sharp interest rate cut at this week's policy meeting! Although there were some short-term profit-taking of long...
After rising for three consecutive trading days, the price of gold rose again yesterday to a record high of $2,589 per ounce, close to the $2,600 mark, but it did not break through again. After encountering resistance and retreating, the final price closed at around $2,582. Overall, it still maintained a high level of consolidation. There is no doubt that the...
After gold hit the high point of 2580-90 last week, it basically maintained a consolidation trend at the opening of this Monday. As of now, it is still above 2582 as the high point, and it is consolidating in the range of 70-90. At present, many people think that the interest rate decision on Thursday will be a node, but not. I think the GDP data will be a window...
On Friday, gold rose directly along the 2556 line in the early trading, rose to the 73 line in the European trading, and then fell back. In the evening, it rose again to the 80 line and then fell back. It hit a high of 86 in the late trading and then fell back slightly. Finally, the daily chart closed at 2579 with a big positive line. Looking back at Friday, the...
Gold fluctuated at a high level on Monday, and the current price is around 2586. Gold prices rose sharply last Friday, hitting a record high of 2586, with the largest weekly increase since early April. Optimism about the Fed's upcoming rate cut has driven gold prices higher, and capital inflows and the decline of the US dollar have also played a catalytic role....
Last Friday, an article from the "Federal Reserve's mouthpiece" once again fueled speculation that the Fed might cut interest rates by 50 basis points at this week's policy meeting. The dollar index continued to fall and once lost the 101 mark, but recovered some of its losses during the U.S. trading session and finally closed down 0.13% at 101.10. U.S. Treasury...
The daily and 4-hour lines closed with big positives, overlooking the 2530 line that was tested many times in the early stage. Therefore, only by following the trend under the bullish trend can there be greater profit space. The price relies on the MA moving average to go up, and the trend is very clear that the bulls have an advantage. On the one hand, it is a...
Gold held near its all-time high on Friday, now at $2,570. Gold prices rose more than 2% on Thursday, hitting a record high, driven by expectations of a rate cut by the Federal Reserve next week, after data showed a slowdown in the U.S. economy. In addition, the ECB's rate cut also reduces the opportunity cost of holding gold, and geopolitical concerns continue to...
Gold prices rose more than 1% on Thursday, hitting a record high of $2,559.98 per ounce and closing at $2,558.54 per ounce, driven by expectations of a rate cut by the Federal Reserve next week, after data showed a slowdown in the U.S. economy. In addition, the European Central Bank's rate cut also reduces the opportunity cost of holding gold, and geopolitical...