Middle East sudden ceasefire news! The short-term gold price plummeted below $2780, as heavyweight US data is approaching, how to trade gold?
#Middle East Situation##Gold Technical Analysis# 24K99 News Thursday (October 31) early European session, spot gold suddenly experienced a sharp short-term drop, with the price just falling below the $2780/ounce level; during the Asian session, the price once touched a record high of $2790.11/ounce.
"US Treasury bonds fall, gold is full"! What miraculous medicine does the gold, which keeps hitting new highs, have?
①As the spot gold price rose further to the $2790 level on Wednesday, it is now approaching the $2800 integer level; ②According to analyst Lina Thomas from goldman sachs, the inverse correlation between gold and the 10-year real interest rate is already clearly broken.
Gold bulls ready! This scene is expected to stimulate gold prices soaring to $2,800, the latest gold trading analysis from a well-known institution.
On Thursday afternoon in the Asian market, spot gold was trading near $2785 per ounce; during the Asian market session, the price of gold once touched $2790 per ounce, hitting a record high. According to Economies.com, if the gold price breaks through the resistance level near $2790 per ounce, this will pave the way for gold to rise to the key level of $2800.00 per ounce.
The most favored inflation data by the Federal Reserve is coming! Will gold aim to break through the key level of 2800 tonight?
Both the market and the Federal Reserve are in a "tricky position"! Be careful of tonight's data potentially overturning the number of interest rate cuts by the Fed this year...
Gold continues to hit new highs, should we be careful now?
Analysts say that despite gold recently hitting new highs, the upward trend may pause until a clearer correction occurs.
Gold trading reminder: usa PCE data may trigger a major market movement! FXStreet Chief Analyst analyzes the technical prospects of gold prices
In Thursday's Asian market session, spot gold was trading at $2788 per ounce, hitting a record high earlier. FXStreet's chief analyst Valeria Bednarik wrote that despite being overbought, the price of gold still maintains a bullish momentum, with $2800 per ounce within reach. The United States will release the September PCE Price Index on Thursday.