Gold technical analysis: Gold will usher in a critical moment next week. Who is better in gold, long and short, will be revealed next week. We must remember that next week’s operations need to be flexible. The long and short will compete. Don’t let yourself get stuck in it at key points. You must know how to get out in time and respond to the risk of sudden...
Gold technical analysis: Gold will usher in a critical moment next week. Who is better in gold, long and short, will be revealed next week. We must remember that next week’s operations need to be flexible. The long and short will compete. Don’t let yourself get stuck in it at key points. You must know how to get out in time and respond to the risk of sudden...
Technical analysis of gold: The daily level of gold continues to show a cross K-line pattern, the price fluctuation range is further narrowed, and the market lacks short-term upward momentum. After rising with inertia, the market turned back to a volatile trend again. Yesterday, the gold price reached a high of 2954.50, and then encountered strong pressure, and...
1. Current Trend Analysis Bull Trend: Yesterday, gold surged to 2946 and then pulled back, testing the 2920 support effectively, indicating that short-term bulls still have the upper hand. Key resistance: The 2950 mark is a strong resistance area. If it breaks through effectively in early Asian trading, it may further test the 2970 and 3000 integer marks; if it...
On Tuesday, senior representatives from the United States and Russia will hold a meeting to discuss ending the war in Ukraine. This is the most talked about event of the day and is expected to trigger market movements. Developments surrounding negotiations between the Kremlin and Washington will be a major market driver. If the talks do not go smoothly, risk...
Gold latest market trend analysis: Gold news analysis: Spot gold rebounded slightly in the late European trading session on Monday (February 17), but the strength was limited. The single-day decline on Friday reached 1.5%, falling from the historical high. However, it should be noted that the price volatility increased significantly after the long squeeze, and...
1. Technical pattern signal Long upper shadow positive line: the market has not broken through the high, the bulls are exhausted, and the short-term top formation signal of the disk has begun to appear. Double top pattern: 2940 area has not broken through twice, confirming the double top structure, indicating a trend reversal (up → down). Daily big negative...
Analysis of gold news: On Friday (February 14), gold prices fell sharply due to profit-taking, but are still expected to rise for the seventh consecutive week. Spot gold fell 1.53% to $2,882.23 per ounce, but the cumulative increase this week is still nearly 0.8%. On Tuesday, gold prices hit a record high of $2,942.70 per ounce. The sharp decline in U.S. retail...
Analysis of the latest gold market trends: Analysis of gold news: Gold was trading at $2,938 per ounce in European trading on Friday, close to the record high of $2,942.68 set on Tuesday, and is expected to record gains for the seventh consecutive week. This rise not only reflects the increase in safe-haven demand, but is also consistent with the trend of global...
Analysis of gold news: Spot gold traded around 2913 on Thursday, and gold prices remained stable on Wednesday, supported by safe-haven demand. US President Trump's new tariff policy has triggered concerns about global trade. At the same time, the market digested higher-than-expected inflation data in the United States; after the release of CPI data, the market...
Analysis of gold news: On Tuesday (February 11), the market fluctuated narrowly during the U.S. trading session. Gold is currently trading around $2,905, and hit a record high of $2,942.70 earlier. Investors flocked to this safe-haven asset after U.S. President Trump imposed a new 25% tariff on steel and aluminum imports, sparking concerns about potential trade...
Analysis of gold news: Spot gold rose above $2,900/ounce in the European session on Monday (February 10), with a daily increase of 1.34%. Market concerns about US President Trump's tariff remarks continued to ferment. At the same time, US economic data strengthened the expectation that the Federal Reserve would maintain high interest rates. The safe-haven and...
This week, the gold market continued its strong upward trend. Driven by multiple positive factors, the price rose for the sixth consecutive week and hit a record high of $2,886.65 in trading. The main driving factors include: Surge in safe-haven demand: Global political and economic uncertainty has increased, especially US President Trump's announcement of...
Analysis of gold news: On Friday (February 7), after the latest US employment report showed that the labor market slowed down but was still resilient, gold prices hit a new record high after a brief fluctuation. In addition to assessing the prospects of the Fed's future interest rate policy path, the escalating trade tensions caused by Trump's tariff threats...
Analysis of gold news: Spot gold fluctuated in a narrow range in the European market on Friday (February 7), and is currently trading at $2,869/ounce. Gold prices fell 1% to around $2,834.08/ounce on Thursday as the US dollar rebounded before the release of the key employment report. In the previous five trading days, gold prices hit record highs due to...
News analysis: Risk aversion dominates the market Trade frictions escalate: The Trump administration's move to impose tariffs on China and the European Union has triggered market concerns about global trade conflicts, and investors have flocked to safe-haven assets such as gold. Geopolitical risks: Trump's proposal on Gaza has triggered global criticism,...
On Wednesday (February 5) in the early Asian session, the spot gold price rose rapidly in the short term, reaching $2,862/ounce, setting a record high. The rally was mainly driven by risk aversion triggered by U.S. President Trump's tariff policy, which has significantly increased market demand for gold. Market background: Increased risk aversion demand: Trump's...
Market overview: Spot gold price: In the early Asian session on Tuesday (February 4), the spot gold price fluctuated in a narrow range. Monday trend: Gold prices fell first and then rose on Monday, affected by the announcement by US President Trump to impose tariffs on Canada, China and Mexico, and the market's concerns about the impact of inflation on economic...