Anthony-Ryan

Anthony-Ryan Updated 

High oil prices have pushed the CPI data back up, and the Federal Reserve may raise interest rates again. CPI data has been trading in a range since its release. Although it continues to test upwards, gold's transaction volume exceeding US$1.1 billion in 2 minutes will test whether gold can hold on to 1904 and 1900. Based on current market analysis, gold...

Anthony-Ryan

Gold had some ups and downs after the CPI data was released. Although the CPI data rose, the U.S. dollar index and 10-year government bond yields weakened, and the Federal Reserve may pause to raise interest rates. However, today the European Central Bank decided to raise interest rates by 25 basis points. The prospects for this time's interest rate hike are not...

Anthony-Ryan Updated 

Gold is currently trading in a range. This week’s lowest was at 1906.05 and then reached around 1910 again. As the U.S. dollar index rose 0.2%, the market was full of expectations for the U.S. CPI. Many traders chose to temporarily exit and wait for the data to appear before finding a suitable entry time. However, when investors focus all their attention on the...

Anthony-Ryan Updated 

Gold remains bearish. Gold is currently moving downwards and 1904 is the new breakthrough point. Tomorrow the United States will release CPI data for August, which will lead to changes in gold's fluctuations. In my last post I discussed that today would be a range trading session on US stocks. If you have any ideas, please leave a comment and like it.

Anthony-Ryan Updated 

Crude oil reached the 88 point three times yesterday and then fell back to today's opening point of 87.27. But support continues to rise. In my post yesterday, I talked about how crude oil will continue to try to break through 88 and then drop to range trading. Everything is as per my analysis. We have mentioned too many times regarding the macro data of crude...

Anthony-Ryan Updated 

Crude oil prices rose to a nine-month high after Saudi Arabia and Russia extended notices of voluntary supply reductions until the end of the year. After hitting a high of 88, crude oil fell into a high and volatile situation. It has tested the suppression of the 88 line three times. With the high point clearly suppressed, the bulls encountered resistance when...

Anthony-Ryan Updated 

The U.S. dollar index remained strong last Friday, and has remained strong for nearly two months. Month K also maintained bullish control for two consecutive months! This week, the U.S. dollar index fell. At present, we need to pay attention to the "important change" in the stance of the Federal Reserve, which may suspend raising interest rates in September. The...

Anthony-Ryan

Crude oil prices have been rising in recent days after the announcement of production cuts. The highest breakthrough was the 88 resistance level. The rising situation at this stage has reached a bottleneck stage. We need to pay attention to shock adjustments in the future. We need to focus on the 85-85.8 support level below, and the 87.5-88 resistance level above.

Anthony-Ryan

The overall volatility of gold yesterday was not large. The slow decline in recent days was clearly supported at 1915, breaking the cyclical decline rhythm of the U.S. market. Gold will rebound briefly on Friday, but as long as the U.S. index remains high and strong, it will be difficult for gold to A trend surge is formed. Overall bearish at 1900.

Anthony-Ryan

Mid-term trend of crude oil: After the correction in August, oil prices still did not stop the rise in oil prices. Saudi Arabia and Russia announced crude oil production cuts in July 2023, originally scheduled for a one-month period, and the latter two extended the additional production cuts twice to the end of September, and this time, another extension by the...

Anthony-Ryan Updated 

The current global economic outlook makes many bullish investors apprehensive, but there are two factors that will cause bullish investors not to change their minds. 1. The United States has reduced the number of drilling rigs for nine consecutive months, and Saudi Arabia may extend its production cut plan, which will lead to a constant shortage of crude oil....

Anthony-Ryan

The dollar hit an 8-week high. This record of sustained gains has not happened in the past 18 years. The U.S. dollar rose because of the accelerated monetary policy of the Federal Reserve. This has also caused other currencies to be continuously dragged down, especially gold. Gold had a short-term rebound in 1935, but it did not break through the resistance...

Anthony-Ryan Updated 

The ADP employment data in August was weaker than market expectations, and the interest rate hike expectations in November have also cooled, and the US dollar index continued to weaken. This will attract investors to enter the long position. A brief rebound will accelerate gold back to last month's highs.

Anthony-Ryan Updated 

The trend of crude oil will continue to fall, and the previous trend is very dangerous and distorted. Shorting is currently feasible around 83.5. The current trend chart is running downward and upward slowly, which is a signal to seize the opportunity. Target 80.5

Anthony-Ryan Updated 

COMEX's most active gold futures contract traded 2,008 lots within one minute, with a total contract value of 386 million US dollars. Gold started to fluctuate and the price of gold broke out yesterday. It has broken through the 200-day moving average and started a rebound trend. The first bullish target for gold is 1929.00, and the next target is 1945.

Anthony-Ryan Updated 

The price of gold achieved a range break, and key U.S. employment data ignited a rise in gold prices. Constantly refresh the recent support and resistance levels. In my previous post, I said that once gold breaks through the 50-day moving average at 1932, gold will rebound. For now we can wait for the 1945 data to appear.

Anthony-Ryan Updated 

The U.S. dollar is not fluctuating much at present and has been hovering around 103.1. For now, it is unlikely that gold will turn around and rise. However, when the dollar can fall back at 102.8 and 101.5, gold is bound to rebound. The resistance level of gold can be seen at 1902 and 1910. The lower support is 1887 and 1880.

Anthony-Ryan Updated 

During this period of time, gold has continued to break low and try to rebound above the resistance point, but the support point is also constantly decreasing after the resistance level continues to move down. The current situation in gold requires understanding several important key points. 1. The high point of gold keeps moving down, and the low point keeps...