On Thursday in the European market, spot gold suddenly experienced a short-term drop, with gold prices approaching the $2040/ounce mark. Once the gold price falls below $2037.00 per ounce, it will face greater downward pressure.

Aihuicha2023-12-01 09:19

At the end of the Asian market on Thursday, spot gold maintained a slight intraday decline, with gold prices currently trading around $2042 per ounce. Valeria Bednarik, Chief Analyst of FXStreet, stated that the recent trend of gold suggests that it may soon return to an upward trend.

Aihuicha2023-12-01 09:16

At the end of the trading day in Sanya, spot gold maintained its intraday rebound trend, with gold prices currently trading around $2045 per ounce. If the gold price breaks through the short-term resistance around $2047.00 per ounce, gold is expected to further climb, with targets set at $2055.00 per ounce and $2075 per ounce.

Aihuicha2023-11-30 09:35

On Wednesday in the European market, spot gold suddenly fell rapidly in the short term, with gold prices approaching $2035 per ounce. Gold may experience a correction correction correction before returning to an upward trend. The gold daily chart shows that the relative strength index (RSI) is in an overbought state, which serves as a warning to gold buyers but is about to form a "golden cross" in the moving average, keeping the upward trend intact.

Aihuicha2023-11-30 09:32

On Tuesday (November 28th), gold prices continued to rise, with spot gold trading at a peak of $2043.04 per ounce after the opening of Wall Street. Since the beginning of the day, the US dollar has been facing selling pressure. With increasing market bets that the Federal Reserve will not further raise interest rates, the US dollar has fallen to a three-month low in overnight trading. Gold and other metals have benefited from bets that the Federal Reserve will no longer raise interest rates, and

Aihuicha2023-11-29 09:31

On Tuesday (November 28th), due to the latest comments from Federal Reserve officials increasing expectations of interest rates peaking, gold and silver rose sharply, while crude oil recovered from recent losses. The gold price has broken through the $2000 mark and will continue its bullish trend. Silver prices continue to rise and soon reach the range of $25.00 to $26.00. The crude oil price continues to remain around $77.13, awaiting confirmation of the next trend direction.

Aihuicha2023-11-29 09:27

On Monday (November 27), the gold price rose on Monday, boosted by the decline in the yield of US treasury bond bonds and the weakness of the US dollar. Due to the increasing speculation that the Federal Reserve has completed a rate hike and the weakness of the US dollar, it has proven to be beneficial for gold. Gold prices have benefited from this trend, while also showing signs of a global economic slowdown.

Aihuicha2023-11-28 09:27

On Monday in the European market, spot gold maintained a strong intraday trend, with gold prices currently trading around $2015 per ounce, rising more than $12 during the day. FXTree analyst Dhwani Mehta said that if gold prices break through short-term resistance of $2020 per ounce, it will open the door to testing static resistance of $2050 per ounce for gold prices.

Aihuicha2023-11-28 09:23

Although the real estate industry is an important barometer of the overall US economy, investors must pay more attention to consumer confidence data. A decrease in consumer confidence may indicate a poor outlook for consumer spending. Looking ahead to the next week, as inflation becomes the focus of attention, a spokesperson for the Federal Reserve will influence market sentiment towards the Fed's interest rate cut; The manufacturing PMI data for France, Germany, Italy, Spain, and the Eurozone w

Aihuicha2023-11-27 09:39

Driven by the weakening of the US dollar, spot gold closed this week with a surge of over $20 and reached the $2000/ounce mark. FXTree analyst Eren Sengeze wrote that the outlook for gold remains bullish. Next week, gold prices may be influenced by important US economic data and speeches from Federal Reserve officials. Once the gold price is confirmed at a support level of $2000 per ounce, technical buyers may take action. In this case, 2010 USD/oz and 2040 USD/oz may be set as the next bullish

Aihuicha2023-11-27 09:35