Patrick-Daniel

Patrick-Daniel

Analysis of gold market trend next Monday: Gold technical analysis: Stimulated by the news, gold prices have continuously refreshed historical highs this year. As of the close of this week, gold prices have reached a high of 3357. There was a slight retracement signal after setting a historical high on Thursday, but the closing price was still above 3320. The...

Patrick-Daniel

Analysis of gold market trend: Technical analysis of gold: Today in the Asian session, gold directly rushed to the 3357 line, continuing the previous upward trend. The spot gold price in the Asian session has once again hit a record high, breaking through $3350 for the first time. The US dollar index fell close to a three-year low, triggering a sharp rise in...

Patrick-Daniel Updated 

The recent gold price has reached a record high, mainly driven by the escalation of global trade frictions and the expectation of the Fed's easing. Although the Trump administration has temporarily revoked tariffs on some goods, it has threatened to impose tariffs on automobiles, semiconductors and pharmaceuticals. The repeated policies have exacerbated the...

Patrick-Daniel Updated 

Yesterday, the technical aspect of gold opened in the Asian session and immediately ushered in a strong bullish pull-up. The European session broke through and stood above the 3300 integer mark and entered a strong shock consolidation. The US gold price fluctuated repeatedly and stabilized above the 3300 integer mark and ushered in an accelerated pull-up. Finally,...

Patrick-Daniel

Today's Asian session has directly pulled up from yesterday's multiple rebound highs near 3230. The current relative low has risen by nearly 80 points, and there is a trend of further hitting new highs. Once it breaks the high again, it will continue to hit the 3330-50 line. We have analyzed before that the next big target of the weekly pattern and segmentation...

Patrick-Daniel Updated 

Fundamentally, although risk sentiment improved at the beginning of this week, Trump's policy changes caused gold prices to fluctuate and adjust, but due to the lack of obvious and sustained negative prospects and the uncertainty in the market, gold prices continued to be stabilized by safe-haven demand and strengthened upward. In addition, last week's inflation...

Patrick-Daniel

On Monday (April 14), gold fluctuated slightly and remained around $3,197. Last Friday (April 11), the price of gold broke through $3,200, reaching a historical high of $3,245.26, with a weekly increase of 6.6%, the largest weekly increase since March 2020. This round of rise was mainly driven by the escalation of trade frictions, the plunge of the US dollar, the...