As widely expected in the market, the Fed kept interest rates in the range of 5.25% to 5.5%.The Fed also said that U.S. economic activity grew strongly in the third quarter.In previous speeches, the Fed pointed out that the economy is growing at a steady rate.However, Fed Chairman Powell did not rule out the possibility of raising interest rates next month at a...
Has gold adapted to the risk aversion of the Israeli-Palestinian conflict? The future of the Israeli-Palestinian war is still unpredictable, but as the market adapts to the changes in the conflict in the Middle East, gold may lose its safe-haven appeal. Yesterday, gold was blocked by 2010 for two consecutive times and fell below the key dividing point of...
Yesterday's decline in oil broke through the low of 82, and the lowest fell to near 81.8, but it did not fall below the important early support point of 81.2. The current price of oil is around 82.95, you now need to observe whether the oil will be supported again, or observe the important boundary point of yesterday's decline 84 So we need to wait for the...
Monday's volatility determined two points. First, gold surged to 2009 last Friday, indicating that the resistance in 2010 is very strong. Second, gold supported 1990 yesterday, and the support at this point is also strong.There was no key data in the market on Tuesday. Then, there is a high probability that gold will not be able to leave the 1990-2010 range. If...
Today, because of the attack on the Gaza hospital and the escalation of the war, gold rose, currently reaching a high of around 1950. Today I shared that gold broke through last Friday's high of 1932, and the chance of rising today is very high. We have emphasized many times that from the point of view of technical indicators, gold is overbought in all cycles,...
Yesterday, my suggestion was to observe the support of oil between 86-86.45. Today, it has risen in this support range many times, and there is a great chance of profit. Yesterday my Buy2 was also a support point of 85.3-85.8. If you bought in this range just now, then you are also profitable now. Therefore, yesterday's strategy is still effective. If the oil...
On the first trading day of this week, the world's largest gold ETF, SPDR, reduced its holdings by 6.92 tons, which also hit a new high in more than a month, with a total position of 855.45 tons. Today, gold touched a high near 1930 twice, but did not break through. Is it possible that capital is selling at a higher level to make a profit? I gave a signal in...
Judging from technical indicators, oil is still likely to fall. 87.4 is the medium-term boundary point, and 88.2-88.6 is the upper resistance range. Oil rose to 89.9 twice last week and started to fall We now use the mid-term dividing point of 87.4 to observe the upper and lower support and resistance, and trade when reaching the support and resistance point...
Gold rose to a high of 1997 last week, but fell at the beginning of this week, with a low of 1964 As can be seen from the chart, gold was seriously overbought last Friday, and the Palestinian-Israeli conflict did not escalate significantly over the weekend, so gold fell to the upper edge of VWAP and technical indicators were adjusted. In terms of time cycle,...
Oil is still the same as I said last week, fluctuating in the range of 82-86 As can be seen from the chart, the low point of oil is constantly moving up, and the support point is also constantly moving up, from 82 for the first time, to 82.5 for the second time, and 83 for the third time. So it can be seen that we can still sell at the high point and buy at...
It's Friday again, and a very heavy data will be released today-the core PCE of the United States in September. Last week, Powell revealed that the annual rate is 3.7%, so we see that the market's expectation is also 3.7%. It shouldn't be surprising, but the monthly rate and one-year inflation expectations are still worth paying attention to. In addition, there...
With Israel's announcement of a temporary moratorium on entering Gaza, the situation between Palestine and Israel has cooled, but the Israeli prime minister said that he is actively preparing for a ground offensive, and the time will be agreed with the cabinet.The current Israeli-Palestinian conflict has killed more than 8,000 people on both sides. At present,...
Yesterday, I judged that oil would start to rebound because it fell too much, and the highest rebound was near 85.6. The Israeli-Palestinian conflict is still the main factor affecting the trend of oil prices. If the Israeli-Palestinian conflict further involves Iran, it is necessary to be wary of the impact on oil supplies in the Middle East, which may cause...
The escalation of the war has caused gold to rise again, but it is still blocked on the upper edge of the trend line VWAP, and there is currently no breakthrough. Judging from technical trends, the chance of breaking through the previous high of 1997 is not high If it rises again, gold will be overbought again, and the trend line will deviate again, which may...
As I predicted yesterday, gold fell below the mid-term boundary point of 87.4 and may continue to fall. Today, it fell below the important boundary point of 85. Now we need to observe whether we can return to the 85.3-85.7 range today. If we can't return to this range, oil will continue to fall tomorrow. Continue to fall tomorrow and pay attention to the...
The volatility range of gold is getting smaller and smaller, but gold still has no choice of direction. Are bullish people waiting for Israeli tanks to enter Gaza?The escalation of the situation will inevitably drive the price of gold to rise again. For bearish people, gold is already approaching 2000. It is necessary to know that the long-term maintenance of...
Federal Reserve Chairman Powell delivered his last speech before the November interest rate meeting. Powell hinted that as long as recent efforts to reduce inflation continue to make progress, the rise in long-term US bond yields may cause the central bank to suspend historic interest rate increases. This is partly because the rapid rise in long-term interest...
Yesterday I judged that if it falls below 86.9, we need to observe the support of 85.3-85.7. Now oil is rising again, but it is blocked from falling at 86.9. Because of the Israeli-Palestinian conflict, we are trading more cautiously and waiting for the stimulus of the news to choose the direction. Because there is no breakthrough of 86.9, you need to observe...