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The reason for the gold price drop of over 25 dollars is here! Powell's speech is impactful. How to trade gold?
On Wednesday, due to the expected rise in usa's October CPI, the dollar strengthened and usa's bond yields increased, causing gold prices to be sold off, marking the fourth consecutive day of declines. FXStreet analyst Christian Borjon Valencia indicated that upcoming economic events, including Federal Reserve Chair Powell's speech and usa's retail sales, will further influence the trend of gold.
Institutions: US inflation data in line with expectations, gold maintains a slight rebound.
Gelonghui on November 13th | Spot gold traded slightly above $2,600, after falling to a seven-week low in November, found technical support near the main trendlines.
The World Gold Council continues to support gold: this is merely a temporary adjustment!
Analysts from the World Gold Council believe that gold prices are currently just facing a popular pause, or even a healthy short-term correction.
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.