Gold price holds key support! "Terrifying data" arrives How to trade gold? FXStreet senior analyst gold price technical analysis
In the early European market on Friday, spot gold remained stable, with the current gold price around $2565 per ounce. FXStreet senior analyst Dhwani Mehta pointed out that the gold price has rebounded from the key resistance of $2545 per ounce, but from the daily chart of gold, the Relative Strength Index (RSI) still indicates a put.
Five consecutive days of decline! Gold is seriously injured, is the bull going to leave?
What does the current round of "repricing" of gold actually mean?
Metal Prices Slide as Stronger Dollar Continues to Add Pressure -- Market Talk
Has the gold bull market ended?
gtja believes that with Trump's return to power, inflation factors and the weakening of dollar credit may become key supports for the continued strength of gold. Long-term risks may arise from breakthrough developments in the usa's AI industry: if the usa can achieve re-industrialization and significantly improve total factor productivity through the AI boom, it will effectively alleviate inflation and fiscal pressures, thereby delaying the trend of dollar credit weakening, which may become a key variable to intercept the gold bull market.
Gold price plunged nearly $18 intraday! The technical aspect is currently very "dangerous". FXStreet analyst's latest analysis of the gold price trend.
On Tuesday's early European session, spot gold plunged sharply, with the price currently near $2602 per ounce, down nearly $18 during the day. Analyst Haresh Menghani from FXStreet pointed out that if the gold convincingly breaks below the $2600 per ounce level, it should pave the way for a continuation of the recent pullback from historical highs, bringing the gold price down to $2540-2539 per ounce.
The reason for the sudden drop in the silver price has been found! It is rumored that Trump is using a trade 'hawkish' approach. What will be the next move for the silver price?
On Monday, spot silver plummeted nearly 2%, falling below the $31.00 per ounce mark. Analyst Christian Borjon Valencia from FXStreet pointed out that from a technical perspective, the Relative Strength Index (RSI) confirmed the bearish momentum.