On Friday during the Asian session, spot gold rebounded slightly after yesterday's heavy decline, with gold prices currently trading around $1922 per ounce. Valeria Bednarik, Chief Analyst of FXStreet, pointed out that gold prices are technically bearish and may soon fall below the $1900/ounce mark.

Aihuicha2023-09-22 11:08

Viewpoint: The definition of volatility is within ± 1%, with long positions indicating an increase of>1%, and short positions indicating a decrease of>1%.

Aihuicha2023-09-22 11:00

On Wednesday (September 20th), the Federal Reserve announced that its benchmark interest rate would remain unchanged, while suggesting that borrowing costs may remain high for a longer period of time after another rate hike this year. The monetary policy by 2024 will be much tighter than previously expected. Although gold is considered as a tool to hedge against rising inflation, higher interest rates have pushed up the yield of competing US treasury bond bonds and weakened its attractiveness.

Aihuicha2023-09-21 10:04

Analysis and Operational Strategy of Foreign Exchange Gold, Silver, and Crude Oil Market

Love will check2023-09-21 09:58

Bank of China Guangdong Branch Wang Gang stated that the Federal Reserve will hold an interest rate meeting on Wednesday evening, and it is expected that the euro/US dollar will cautiously maintain a narrow range of volatility before this. If the Federal Reserve's forward-looking guidance on future interest rates does indeed exude a dove like flavor, it will prevent the risk of a rebound in the euro. If the Federal Reserve remains calm and shows a dovish attitude towards future interest rate gui

Aihuicha2023-09-20 11:09

Wang Gang, the Guangdong branch of Bank of China, stated that gold prices may maintain a narrow sideways consolidation trend until the Federal Reserve announces the resolution. After waiting for the outcome of the meeting, see which direction to push the gold forward. The support range below is between $1900 and $1920, while the resistance range above is between $1950 and $1975. Breaking through any of the above paragraphs will determine the general trend of gold in the next stage.

Aihuicha2023-09-20 10:30

From a technical perspective, the US Index was hindered from rising below 105.40 on Monday and supported by falling above 105.00, indicating that the US dollar may maintain a downward trend after a short-term rise.

Aihuicha2023-09-19 10:28

Guangfa Futures Daily Review: Precious Metals Waiting for Fed Resolution, Crude Oil High Volatility Ideas, Oil Distribution Reference $93-96

Aihuicha2023-09-19 10:21

Analysis and Operational Strategy of Foreign Exchange Gold, Silver, and Crude Oil Market

Aihuicha2023-09-18 11:04

Bank of China Guangdong Branch Wang Gang stated that if it falls below $1910 again, it will indicate further weakness, with a key support level of $1880 thereafter. If it falls below this level, the target may further point towards the $1860 area or even lower water level.

Aihuicha2023-09-18 10:46