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Powell + terrifying data, will tonight be a double kill for Gold?
Two major Big Data bombs are coming tonight, the technical aspect of Gold has collapsed, and the US dollar is eyeing closely. The market urgently needs Powell to provide a signal for interest rate cuts, but tonight may more likely witness another "hawkish massacre"!
Gold prices plummeted over $50 in the Asian session! Two major events are coming today, with the latest gold price Trade analysis from FXStreet Analyst.
At the end of Thursday's Asian market, spot Gold accelerated its decline, with the price now falling to around $3123 per ounce, a drop of over $50 during the day. FXStreet Analyst Haresh Menghani stated that Gold prices continued to fall on Thursday, pressured by various factors.
Gold prices plummet! The 3150 support level has been completely breached, analysts warn: it may trigger a larger scale sell-off.
Next stop 3100.
Technical analysis report on May 15: Spot Gold, Crude Oil Futures.
This article summarizes the latest views of Economies.com analysts today, covering multiple products such as spot gold, WTI crude oil futures!
The Gold defense line is in crisis! The "Lehman Killer" insists: the fiscal deficit will eventually trigger the second wave of Gold.
Technical traders have drawn a terrifying downtrend channel for Gold, but hedge fund giant and "Lehman Killer" Einhorn pointed out that the fundamental logic of Gold's rise remains unchanged.
Significant news between China and the United States has caused a plunge in gold prices! Major technical breaks in gold, keep an eye on these important support and resistance levels.
Gold prices plummeted over 2% on Wednesday, breaking the key threshold of 3200 dollars per ounce. Renowned Institutions Analyst Slobodan Drvenica from Windsor Brokers noted that the drop below the critical Resistance level was due to increasing optimism regarding the US-China trade agreement.