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Gold is on the verge of a major market trend! The USA CPI will inevitably trigger dramatic fluctuations in the price of gold. How to trade gold on key days?
#Gold Technical Analysis# 24K99 Information On Wednesday (November 13), in the early European session, spot gold maintained an intraday rebound trend, with the current price around $2607 per ounce.
Be vigilant tonight for unexpected CPI upside risks! Gold shorts are ready to go.
USA's overall inflation in October may rebound, core inflation is expected to remain strong, and the prospect of a rate cut by the Federal Reserve in December is shaky? The path with the least resistance for gold is downwards......
Gold suddenly surged! The price of gold rose by more than $15, analysts warn: This scene in the US CPI may trigger a sharp drop in the price of gold.
In Wednesday's Asian market, spot gold suddenly surged in the short term, with the price currently rising to around $2612 per ounce, a nearly $15 increase intraday. FXStreet Senior Analyst Dhwani Mehta pointed out that if US inflation data is stronger than expected, the price of gold may turn downward and fall towards the 100-day moving average of $2541 per ounce, close to the low point on September 18th.
Gold futures fell to $2600, but analysts still believe there is a long-term hedging demand.
Gold futures prices continued to decline, marking the fourth consecutive trading day of decline in the past five trading days.
Gold Adds to Losses but Analysts Still See Long-term Safe-haven Demand
Gold encountered a major bearish signal: related to Trump! The price of gold fell by $21. How should gold be traded next?
On Tuesday, as the USD reached a more than four-month high, increasing the opportunity cost for non-USD buyers to hold gold, the gold price plummeted to a near two-month low. Analyst Christian Borjon Valencia from FXStreet pointed out that there was a large outflow of funds from gold ETFs, indicating that investors are shifting towards higher-risk assets.