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7.9 Gold Analysis I. Market Overview Gold price fell sharply: On July 8, spot gold plummeted by more than 1%, hitting a low of $3287.06/ounce (a new low in a week), and closed at $3301.53. The main reasons include trade optimism (tariff extension) weakening safe-haven demand, a stronger dollar and rising U.S. Treasury yields. II. Analysis of core influencing...

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7.8 Gold Analysis Currently, the market is in a tug-of-war between long and short positions 1. Short forces (suppressing gold prices): Federal Reserve hawkish expectations: Strong non-farm data has reduced market expectations for a rate cut in July, and even strengthened the "higher and longer" interest rate stance. Stronger US dollar and US Treasury yields:...

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7.7 Gold Defense Bad fundamentals: The passage of the US "Big and Beautiful Act" and the extension of tariffs to August 1 have increased market uncertainty and put pressure on gold, focusing on testing the key psychological and technical support level of $3,300/ounce. Technical weaknesses: Daily: Running below the short-term moving average, overall weak. 4...

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7.4 Gold shocks Yesterday, the gold price plummeted, but did not fall below 3310. We have analyzed before that the bulls have the advantage above 3300. From yesterday's performance, we can see that the bulls are still in a dominant position. Today is the last day of this week. At present, the gold price has not fluctuated much and is fluctuating in the range of...

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7.3 Pay attention to non-agricultural data Yesterday, the gold market fluctuated and rose, achieving three consecutive days of gains. This was mainly due to the unexpectedly weak US ADP employment data, which was like throwing a boulder into a calm lake, stirring up ripples in the market's expectations of an early interest rate cut by the Federal Reserve. In...

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7.2 Gold Market As Trump's "Big and Beautiful Act" was passed by the Senate and the deadline for suspending trade tariffs on July 9 is getting closer, spot gold has surged above the $3,350 mark. Wednesday's ADP employment data and Thursday's non-farm payrolls report will be key clues for investors to judge the direction of the Fed's policy. Currently, it is in...

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7.1 Gold Market Gold prices continued to rise today, reaching the 3350 pressure level directly. If there is no major negative news this week, bulls will have the advantage. Currently, gold prices are in the correction stage. Whether they can continue to rise this week depends on the support of 3313. If 3313 is not broken, it is likely to form a 4-hour head and...

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6.30 Gold Market From the weekly chart, gold closed with a large real negative last week, and the real body was larger than the K-line last week. The pattern was a continuous negative engulfing pattern, and the closing price was below the short-term 5-week moving average and the 10-week moving average, with strong downward momentum. The opening price fell to...

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6.27 Gold price will break down U.S. Treasury Secretary Bensont asked Congress to remove the "899 retaliatory tax clause". The European Union is considering reducing tariffs on U.S. imports in order to quickly reach a trade agreement with the United States. Yesterday, gold failed to break through 3350. Affected by international news, it has fallen all the way...

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6.26 How much can gold rise? Yesterday, the price of gold stood firm at 3330 as expected and then rose. Today, it rushed up to test 3350. If it fails to break through 3350 again after the correction, the price of gold will enter a volatile state. Wait for the release of today's data before making the next judgment. The international situation is currently...

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6.25 Gold rebound strength Affected by the ceasefire yesterday, gold fell below the trend line and then pulled back. At present, the gold price has basically stabilized at 3330. If it does not break 3325 in the future, the rise today will continue to sprint and may reach around 3350. Technically, the 1-hour Bollinger Bands open upward, and the MACD double lines...

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6.24 Strategy after the sharp drop in gold After Iran launched a retaliatory strike against the United States on the 24th, the United States chose to cease fire and did not expand the conflict. The market's risk aversion sentiment quickly fell, suppressing the price of gold. Yesterday, the price of gold fluctuated violently. Although there was a rebound, the...

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6.23 US joins the war, gold is bearish "According to a report on June 22, US President Trump said on social media on the 21st that the US military has "successfully struck" three Iranian nuclear facilities." "According to a report on June 22, Iranian Parliament National Security Committee member Kusari said that the Iranian Parliament has concluded that the...

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6.19 Will the volatile market end? The Federal Reserve kept the benchmark interest rate unchanged at 4.25%-4.50%, and remained unchanged for the fourth consecutive meeting, increasing the pressure on gold. This week, the market opened high and closed low every day, which fully proved that the short-selling force was strong, but the price did not fall sharply,...

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6.18 Will gold rise or fall? In the geopolitical situation in the Middle East, Trump stated that "Iranian leaders will not be beheaded for the time being, but unconditional surrender is required", making the path of conflict escalation highly uncertain. At the same time, the unexpected strength of the US dollar index has put short-term pressure on gold, and the...

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6.17 Gold Trend after the Big Drop Yesterday, gold continued to fall after rising, and the bulls lacked effective momentum to fight back. During the US trading session, the geopolitical risk aversion sentiment temporarily eased and accelerated the break, making it more difficult to rise in the short term. In addition to the current decline in oil prices and gold...

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6.16 Can gold reach a new high? As the war between Israel and Iran in the Middle East continues to heat up, the international gold price has continued to break through strongly. "Iran is seriously considering whether to block the Strait of Hormuz, said Esmail Kosari, a member of the Iranian Parliament's Security Committee." If the conflict between Iran and...

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6.13 Gold surge Affected by the situation in the Middle East, gold opened straight up and is currently in a stage of decline and adjustment. If there is new news in the future, it may reach a new high next week like February 24, 2022. Today's support level is 3411, and the resistance level is 3429 The main trend during the day is long. If the price falls back...