David_financial_analyst

David_financial_analyst

In the 4-hour gold cycle, gold hit a high yesterday and then fell back after encountering resistance, but finally received effective support and stabilized at the middle track of the Bollinger Bands. This signal further highlights the importance of the middle track as a watershed for long and short positions. As long as the price remains above the middle track,...

David_financial_analyst

Spot gold continued its strong performance this week before the European market. After a technical retracement from a two-week high in the previous trading day, it attracted bargain-hunting buying again and the trading price remained above $3,300. Fundamental factors continue to provide upward momentum for precious metals. Gold has risen 3% this week and is...

David_financial_analyst

Spot gold prices continued to rise before the U.S. market opened, hitting the $3,320 level during the day. Market concerns that the situation in the Middle East may get out of control and Trump's fiscal bill was blocked in Congress became the main factors driving precious metals higher. Fundamental analysis Reports show that Israel is considering launching an...

David_financial_analyst

From the daily chart, the price of gold has shown a clear upward trend since the beginning of this year, but has recently begun to show signs of consolidation. The current price is trading in the $3,250 area, which is a certain correction from the high of $3,500. The RSI indicator shows that the current value fluctuates around 50, which is neither in the...

David_financial_analyst

After Bitcoin’s recent breakout above $106,000, the price has come to a crossroads. BTC has hit a critical resistance zone around $107,000 in the short term. This area has historically been a turning point for past rallies. Bitcoin’s relative strength index (RSI) shows that its momentum has weakened somewhat, having climbed into the overbought zone since May 15. A...

David_financial_analyst

1. Core drivers of fundamentals Geopolitical risks surge Middle East situation escalates: Israel launches a large-scale ground offensive codenamed "Gideon's Chariot" in Gaza, hitting more than 670 Hamas targets, exacerbating the risk of regional conflict. Russia-Ukraine conflict worsens: Russia launches the largest air strike on Ukraine since 2022, dispatching 273...

David_financial_analyst

On Thursday (May 15), the gold market saw a "shocking reversal". The spot gold price fell nearly 2% in the early Asian session to $3120.64/ounce (a low point in more than a month). Then the bulls launched a counterattack, which helped the gold price to rise violently. It finally closed at $3239.58/ounce, a single-day increase of nearly 2%, with an amplitude of...

David_financial_analyst

As global risk sentiment picks up and US Treasury yields continue to rise, gold loses its safe-haven appeal. XAU/USD fell below the key technical support of $3,135 today, hitting a new low since April 10. Market expectations for a sharp rate cut by the Federal Reserve this year have cooled significantly, pushing US Treasury yields to a near one-month high....

David_financial_analyst Updated 

Spot gold continues to maintain a super-large shock pattern. Last Friday and yesterday, the Asian session rose sharply for two consecutive days. Pay attention to the continuation of the pattern! Before the peak and decline at the 3500 US dollar stage, the Asian session also rose sharply. After the peak at the 3500 stage, the Asian session fell sharply for 8 days....

David_financial_analyst

(May 13) The U.S. Consumer Price Index (CPI) data for April was released, showing that inflationary pressures have eased, providing a mixed signal to the market. The headline CPI rose 0.2% month-on-month, lower than the expected 0.3%, and fell from 2.4% to 2.3% year-on-year, also lower than the expected 2.4%. The core CPI (excluding food and energy) rose 0.2%...

David_financial_analyst

Nitesh Shah, head of European commodities and macroeconomic research at WisdomTree, said that even if the trade dispute is eventually resolved, the main risk to the U.S. economy is the independence of the Federal Reserve, as well as the credibility of the U.S. economy, and precious metals will retain their luster as global financial markets continue to face...

David_financial_analyst

Spot gold continued to pull back, and price fluctuations were mainly driven by the news that the United States and the United Kingdom were about to announce a trade agreement, and the market's risk aversion sentiment cooled significantly. From the daily line structure, the price of gold is currently testing the key support of $3,308 on the middle track of the...

David_financial_analyst

Gold and the US dollar market showed cautious fluctuations on the eve of the Fed's decision this week. The US dollar index (DXY) hovered between the lower track of the daily Bollinger Band at 97.1389 and the middle track at 101.2661. MACD showed that the short-selling momentum was weakening, and RSI (14) 40.9644 suggested a possible rebound in the oversold area....

David_financial_analyst Updated 

The tariff stick wielded by US President Trump is subverting the international trade order that has been in operation for decades. The global economy, which once thrived on a predictable free trade system, is now collectively "indigesting" in front of tariff barriers. From Apple to Amazon, from Volvo to Diageo, multinational giants sounded the alarm last week:...

David_financial_analyst

OPEC+ decided to accelerate the pace of production increases for the second consecutive month, with production to increase to 411,000 barrels per day in June, triggering market concerns about oversupply. At the same time, the US tariffs raised concerns about falling demand, causing international oil prices to fall to their lowest level in four years on Monday....

David_financial_analyst

During the European session, WTI crude oil recovered some of its losses from the sharp drop at the start of the week, and was reported at $57.55 per barrel during the session, down 1.27%. OPEC+ unexpectedly increased production again, and WTI crude oil continued the bearish momentum that has gradually formed since March. With the increase in global supply and the...

David_financial_analyst

On Monday (April 28), spot gold prices (XAU/USD) remained weak during the European trading session, with prices approaching the key support area of ​​$3265-3260. Signs of easing global trade relations and a slight rebound in the US dollar have suppressed gold prices. In addition, the decline in gold consumption in some economies in the first quarter of 2025 has...

David_financial_analyst

Spot gold fell nearly 1% on Friday, closing at 3316.26. Although the price of gold finally closed above 3300 this week, the trend of gold prices this week can be described as ups and downs. Intraday transactions have fluctuated by nearly $100 many times. Under the situation of trade tensions, the market has a high risk aversion sentiment, pushing the price of gold...