Charlie_Analyst

Charlie_Analyst

Crude oil hovered at a low level today, and broke upward during the US trading session. The oil price did not continue the bearish trend, and the market is expected to further test the resistance level ahead. Overall, Charlie believes that after a long period of volatility, crude oil is expected to be tested upward, but the upper resistance level still needs...

Charlie_Analyst

As the situation in the Middle East evolves in a complex way, the United States is trying to seize the opportunity of Iran and Israel reaching a suspension of hostilities to rekindle the hope of ceasefire negotiations in Gaza. On Wednesday (June 25), US President Trump said in a high-profile manner that the negotiations on the Gaza issue are making "huge...

Charlie_Analyst

From a technical point of view, the daily line closed at a low level on Wednesday, and the Bollinger Bands still closed. The upper and lower ranges were also quite obvious, with the extreme positions at 3300-3430. Since both Tuesday and Wednesday rebounded from low levels, then on Thursday, it depends on whether the daily line can continue to close higher after...

Charlie_Analyst Updated 

Gold prices held steady at 3368 last Friday, but fell 1.8% for the week, mainly due to the Fed's cautious stance. The latest FOMC statement maintained interest rates in the 4.25%-4.50% range. Although it emphasized caution, it lowered expectations for rate cuts within the year. Coupled with a slight rebound in U.S. Treasury yields (10-year to 4.421%), non-yielding...

Charlie_Analyst Updated 

Focus on the day, Powell will attend a congressional hearing this week to defend the Fed's decision to keep interest rates unchanged for the fourth consecutive time and respond to Trump's continued pressure to cut interest rates. On Tuesday and Wednesday this week, Fed Chairman Powell will attend hearings of the House Financial Services Committee and the Senate...

Charlie_Analyst Updated 

On Wednesday (June 25), the spot gold price maintained a small fluctuation in the European session, lacking obvious bullish momentum overall. The risk relief brought about by the ceasefire between Israel and Iran has cooled risk aversion, while the cautious attitude of Federal Reserve Chairman Powell has supported the US dollar, which has a certain suppression on...

Charlie_Analyst Updated 

Crude oil continued to rise by about $14 during the 12 days of the conflict between Iran and Israel. In the last two days, the market took a twist, especially on Monday. When the market confirmed that Iran did not intend to close the Strait of Hormuz, crude oil fell unilaterally within the day. After opening high and falling on Monday morning, the market continued...

Charlie_Analyst

The latest trend analysis. Give you more protection on the road of trading. Market analysis: 👇👇👇👇 ① Yesterday's daily closing small positive represents low price fluctuations. At present, we still pay attention to the low support of 3312 and 3295. At present, the daily indicator macd dead crosses and increases in volume, and the smart indicator sto sticks and...

Charlie_Analyst

From the 4-hour analysis, the upper resistance is around 3342-48. The intraday rebound relies on this position to continue to be short and follow the trend to fall. The short-term support below is around 3314-3316 integers. The upper pressure is around 3342-48. The overall support relies on this range to maintain the main tone of high-altitude low-multiple cycles....

Charlie_Analyst

Technical aspect: The oscillation pattern continues, and the key position is fiercely contested. From the daily line structure, the gold price is still in the ascending triangle pattern, with the upper resistance at $3,500 (April 22 high), and the lower support provided by the trend line formed by the April 7 low of $2,957. The current price is running below the...

Charlie_Analyst Updated 

On Tuesday, the correlation between WTI futures and the US dollar index has significantly increased in recent months, and crude oil has quietly become the main driver of US dollar sentiment again. With oil prices plummeting and Fed officials hinting at a possible rate cut in July, the US dollar may have the conditions to weaken further. As the US dollar index...

Charlie_Analyst

The tone on Tuesday clearly expressed the patience of the Fed: even in the face of geopolitical uncertainty and rising tariff pressure, as long as the overall economy is still sound, policy tools can be left unchanged for the time being. The testimony mentioned that the US economy "remains solid despite high uncertainty" and is in a state of "close to full...

Charlie_Analyst

1. Iran launched the twentieth round of large-scale missile and drone attacks on Israel, using the Khyber missile for the first time to attack targets in Israel. At the same time, the United States launched 30 Tomahawk cruise missiles and 12 MOP bunker-buster bombs at Iranian nuclear facilities through submarines, which directly stimulated the market's risk...

Charlie_Analyst

From the 4-hour analysis of gold, there are repeated resistances from the bulls before the downward break; once the downward break, the market will go further down, and the focus below is 3340. The short-term 3400 above is still the key. Only by breaking the bulls can the rebound continue. In terms of operation, sell high and buy low, and pay attention to the...

Charlie_Analyst

Spot gold continued its correction this week, trading at $3,350.18/oz during the European session, down 0.61% on the day and 2.75% on the week, the worst performance in six weeks. The price has fallen below the lower track of the rising wedge since mid-May, the 4-hour Bollinger Band opening has widened, and the RSI is under pressure at 38.68, indicating that...

Charlie_Analyst Updated 

The next day, the gold daily cross K-line closed flat, and after being under pressure around 3388, it fell to 3347. Because it failed to effectively turn positive, it means that the decline is still continuing. Many people say that the bulls will reverse the trend after regaining 3370, and they also told me that 3347 should be taken in the middle line. I also...

Charlie_Analyst Updated 

The Fed's June resolution kept interest rates unchanged, but Powell's hawkish remarks (expected to slow down the pace of future rate cuts) suppressed gold prices, causing gold prices to fall from around $3,396 to $3,362; the rebound of the US dollar index put short-term pressure on gold, but gold rebounded slightly when the US dollar pulled back; the conflict...

Charlie_Analyst

The conflict between Israel and Iran continues to escalate. Israel launched air strikes on Iran's nuclear facilities and Iran threatened to block the Strait of Hormuz, exacerbating market risk aversion. If the situation in the Middle East deteriorates further (such as the blockade of the Strait of Hormuz), gold may fluctuate by more than $50 a day. The Federal...