The trend of the one-hour chart of gold in the early trading session began to turn around. The rapid decline in the early trading session indicated that the rebound trend has basically come to an end. Then, if gold fluctuates and adjusts slightly, it will continue to fall. Our operation ideas today will also turn to rebounding high and high. The upper...
On the last trading day of last week, the US non-farm payrolls data was released, showing unexpectedly strong growth momentum. These two pieces of bad news were like a bombshell, causing the gold price to experience a big drop in a short period of time. The gold price plummeted from a high of $2,387 to a low of $2,286, with the largest single-day drop of up to...
On Friday (June 7), the spot gold market encountered a sudden storm. The release of the US non-farm payrolls data unexpectedly showed strong growth momentum. These two negative news caused the gold price to fall all the way, from a high of $2,387 to a low of $2,286, with the largest single-day drop reaching $100. So far, the gold price has been on a downward...
Central banks in many countries have announced interest rate cuts, including Canada, Sweden, Switzerland, and the European Central Bank has also cut interest rates. These measures not only reduce the opportunity cost of holding safe-haven assets such as gold, but may also ease inflationary pressures, making safe-haven assets such as gold relatively less...
On Friday, June 7, spot gold fluctuated in a narrow range and is currently trading around $2,378.64 per ounce. Gold prices climbed to a two-week high on Thursday, closing at $2,375.60 per ounce, as weaker-than-expected U.S. employment data ignited hopes that the Federal Reserve would cut interest rates later this year, and the market focus turned to the...
On Wednesday (June 5), despite the strengthening of the US dollar, spot gold still rose by more than $28. Analysts pointed out that the increase in expectations of the Federal Reserve's interest rate cut and the decline in US bond yields provided upward momentum for gold prices. In addition, tensions in the Middle East stimulated gold prices to attract...
The gold price needs to retreat to the $2,300 mark and then to $2,280. The gold price retreat is just an adjustment, not the end of the upward trend. The retreat is the time to go long. These are the two different voices in the market in recent days. Who is right and who is wrong, and what is the strength level, the final trend is the best proof. A wave of...
Gold has been consolidating for almost two weeks, and it has been a roller coaster ride. Some friends are almost dizzy. They really want to know whether the gold price will start to rise again or lure more here and wait for a fall? Then let me tell you that the remaining three trading days this week are crucial. Tonight, the US ADP employment data for May was...
At the beginning of the week, the trend of gold price breaking through 2320 to test the bottom is already very obvious. Short sellers should not chase the rise. The price chooses to break through and then rise sharply to establish the bottom. It successfully rises to recover the first stage target of 2350. Next, we will see a sharp rise to break through the...
Gold is weak overall during the day. So far, the highest rebound of gold is 2333. It may be difficult to get a good short position in the short term. You can consider shorting around 2330 at night, and stop loss at 2339. Technically, the weekly line fell under pressure at 2449, and closed with a big negative. The rebound last week was fruitless, and the...
The situation in the Middle East is tense, and the US aircraft carrier has been hit again. If these series of problems deepen, then the international situation is really worrying. Why does this happen? It is nothing more than inflation. If the economic development and the regime cannot be well developed, then the best way to eliminate the contradiction is...
This week, the spot gold market showed a range of fluctuations, with the amplitude significantly narrowed compared with the previous period. After the PCE data was released on Friday, it rose only briefly and then quickly turned to a decline, recording a decline for the second consecutive week. It is worth noting that although gold rose for the fourth...
On Thursday, as GDP data re-boosted market confidence in rate cuts, the US dollar index retreated from its highest level in more than two weeks, and finally closed down 0.433% at 104.68. U.S. Treasury yields collectively pulled back, with the 10-year Treasury yield eventually closing at 4.556%. The 2-year Treasury yield, which is most sensitive to the Fed's...
In the morning, I announced the idea of short selling on the whole network. Today's idea is relatively simple, just short selling, so the members directly gave the strategy of short selling at 2334 in the morning, and entered the short orders in batches. The market is not beyond our expectations. It rebounded to around 2340 in the short term, and then...
Your responsibility is your direction, your experience is your capital, and your character is your destiny. To live is not to win sympathy with tears, but to win applause with sweat. Struggle is not necessarily all for money, but also for the confidence, calmness and composure in your bones. You can afford what you like, go where you want to go, take the...
This week clearly indicated that the gold price should rise to recover the market, and the gold price began to open low bullish ideas near 2330 at the beginning of the week. The first stage of the rise of the target 2350 arrived, and now the price is moving towards the second stage of the rise of 2368 target position, yesterday's public 2347 near the dry price...
Hello ladies and gentlemen! The capital market is always unpredictable. Last week, gold was still falling sharply. This Monday, gold rose directly as I predicted. People who have followed me for a long time know that on Monday, I made it clear that gold will bottom out this week, opening up room for growth. . Gold rose directly after the market opened on...
The one-hour gold price bottomed out and rose, and the short-term trend continued to be bullish. In the early trading, we went long at the 2336 line. Gold rose as expected and reached 2344 to harvest profits. In the short-term, we gained 8 US dollars in profit! Good start to the week! At present, the bullish position in gold has not ended, and the upward trend...