AndyHopkins

AndyHopkins Updated 

From the demand side, although U.S. crude oil inventories are currently rising and oil product demand is declining, the summer driving season is approaching, and gasoline consumption is expected to increase significantly—a yearly pattern. For example, during summer, increased driving leads to more people refueling at gas stations, boosting gasoline demand and in...

AndyHopkins

Throughout Wednesday, the gold price fluctuated within the range of 3,285-3,321. This volatility can be attributed to multiple factors: Key Influencing Factors 1.Global Economic Uncertainty & Divergent Policies - While the global economy is gradually recovering, policy disparities across nations and geopolitical instability have amplified market uncertainty. For...

AndyHopkins Updated 

In economic terms, the United States is facing enormous fiscal pressure, with its credit rating downgraded, which has caused the U.S. dollar to decline. The U.S. dollar and gold are like two ends of a seesaw: when the dollar weakens, gold gains upward momentum. Additionally, U.S. Treasury yields have fallen, reducing the interest income from government bonds. In...

AndyHopkins Updated 

Recently, the gold price has been quite volatile. Generally speaking, the global situation has been unstable recently. There have been continuous conflicts in the Middle East, which has made people feel uneasy and they tend to look for a reliable investment. Gold has always been regarded as a "safe haven" in people's minds. Under such circumstances, the demand...

AndyHopkins Updated 

1. Macroeconomic Factors: Expectations of Federal Reserve Policy Adjustments Market speculation about the Federal Reserve potentially entering an early rate-cutting cycle has played a pivotal role. If interest rates are reduced, capital becomes "cheaper," prompting investors to seek new investment avenues. Bitcoin, viewed as a high-potential asset for generating...

AndyHopkins Updated 

Recently, there have been many developments in the crude oil market that affect the price trend. From the supply side, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) have been committed to production cuts to stabilize oil prices. Some member countries have even taken unexpected production - cutting actions, which has reduced the crude...

AndyHopkins Updated 

The current crude oil price is $62.5 per barrel. Recently, the crude oil price has witnessed a certain degree of decline, mainly affected by factors such as the unexpected production increase of OPEC+ and the suppression of demand by US tariffs. Since April, the international crude oil market has seen a sharp decline. First, Trump announced the launch of the...

AndyHopkins Updated 

The recent price trend of Bitcoin has been relatively strong. Driven by some favorable factors, the price of Bitcoin has continued to climb and break through important thresholds. For example, the adjustment of relevant policies by the Federal Reserve has led to market expectations that it may enter a rate - cut cycle ahead of schedule, which has stimulated the...

AndyHopkins Updated 

Last night, gold strongly broke through 3,250 and then rapidly surged. The main reason was the impact of geopolitics: Israel is preparing to strike Iranian nuclear facilities, causing tensions between the two sides; the Russia-Ukraine conflict remains deadlocked, and the EU and the UK have announced a new round of sanctions against Russia. All these have...

AndyHopkins Updated 

Since the decline last Monday, the low points have continuously risen, while the high points have been suppressed at the 3,250-52 level for a long time. It was not until after the U.S. market closed last night that a rapid breakthrough occurred. For this breakthrough, traders can place breakout orders or continue to follow the trend after the breakout. A strong...

AndyHopkins Updated 

Gold fell rapidly today, but this is not a genuine decline—it is merely a correction, and the overall bullish trend remains intact. Currently, the gold price still maintains an upward momentum. In our trading, we only need to adhere to a long-only strategy. Gold Trading Strategy for Today: XAUUSD BUY@3200 SL:3190 TP1:3230 TP2:3250

AndyHopkins

Gold is currently influenced by factors such as geopolitics, with strong support at lower levels. Meanwhile, the lower lows are continuously rising, and the market has now formed effective support. As a result, gold is more likely to rise than to fall. When conducting short-term intraday trading, we should follow the market's dominant trend, waiting for pullbacks...