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In the European market on Tuesday, spot gold maintained its intraday rebound trend, with the price of gold now trading at around $1,998 per ounce. Gold's bullish potential remains intact. Gold prices are gearing up for the next round of gains. Additionally, ongoing geopolitical tensions between Hamas and Israel, as well as jitters ahead of the Federal Reserve's...
On Monday, gold fell to $1,990 and experienced a short-term correction. Although the continued escalation of conflict in the Middle East supports bullish buying, technical analysts say that gold prices have entered a cautious bullish mode. Precious metal investors will focus on the Federal Reserve's decision, worried that the Fed may maintain a hawkish tone due...
In the European market on Tuesday, spot gold suddenly plunged in the short term, and the gold price just fell below the $1,970/ounce mark. The short-term resistance level for gold prices is found at Monday's high of $1,983 per ounce, and the next resistance is at the July 20 high of $1,988 per ounce. If the above resistance is overcome, gold buyers will target a...
After Powell's speech, the price of gold rose sharply to around 1970. Seize every profit opportunity. If you still don't know how to operate, please come to my private message space to communicate with me.
The crude oil market experienced a volatile last week, rising first and then showing signs of weakness. This market volatility has investors wondering whether prices are being overextended. This has been happening repeatedly in this market for months. However, in the current environment, it's not hard to believe that this could happen. If the market is able to...
On Monday, at the end of the Asian market, spot gold continued to rebound. The gold price has now rebounded to around US$1,977 per ounce. The gold price has rebounded sharply from the session low. Gold prices started trading today with a strong decline and fell below $1977/oz, suggesting that the outlook for gold prices will turn bearish. However, we note that...
Spot gold maintained a strong trend during the European market on Thursday. During the trading day, gold traders will focus on Federal Reserve Chairman Powell's speech, which is expected to trigger a big move in the gold market. The next upward barrier for gold prices is expected to be the high of $1,972 per ounce on July 31. If this level is overcome, the high...
On Wednesday, the price of gold surpassed its first bullish target of $1,945 and is about to usher in a big rise. The price of gold rose strongly after starting today's trading and is close to the awaited target price of $1,945 per ounce. The path seems open for gold prices to break above this level and rise further in the short term. Therefore, gold prices are...
On Monday, the global market remained tense, with the Palestinian-Israeli tension escalating without an obvious solution. Gold fell slightly after last Friday's surge, but still held the $1,900 mark. The market continued to track the situation in the Middle East this week, while paying attention to the currency of the United States. policy. Gold prices fell below...
In early trading in the European market, the U.S. dollar index suddenly took a short-term plunge, with the index falling to around 106.30; spot gold suddenly accelerated its rise in the short-term, with the gold price just breaking through the $1,880/ounce mark, rising nearly $15 during the day. Approaching target 1900.
Gold prices rose for a second day on Thursday, reaching a two-week high near $1,880 an ounce. Gold prices regained momentum as the U.S. dollar and U.S. Treasury yields remained on the defensive as the Federal Reserve remained cautious on interest rates. Everyone is keeping an eye on the key US CPI inflation data. The dollar maintained its downward momentum amid...
On Wednesday, in the European market, spot gold maintained a strong upward trend during the day. The price of gold currently stood at US$1,870 per ounce, rising by more than US$12 during the day. Gold prices are gearing up for the next leg of gains, targeting $1,880 an ounce. The recent dovish shift in the attitude of Federal Reserve policymakers has caused a...
On Tuesday, entering the European market, market risk sentiment was positive. The Fed's dovish remarks suppressed the recent sharp rise in the US dollar and US bond yields. This gave the stock market a breather. Gold consolidated at a high level after yesterday's surge. The market focused on more today's developments. Fed officials speak. Gold prices hit their...
The Palestinian-Israeli conflict has killed more than 1,600 people! Crude oil rose more than 4% and may continue to rise in the future. After the Palestinian-Israeli conflict, it was in a range, with the lowest of 84.6 and the highest of 87.2 that day. The daily line closed at 86.3. From the daily line, oil prices will continue to rise. The top continues to pay...
On Monday, at the end of the Asian market, spot gold maintained a strong upward trend during the day. The price of gold is currently around US$1,852 per ounce, rising by more than US$20 during the day. Gold prices rose 1% as the crisis in the Middle East triggered investor risk aversion. Gold prices hit a five-day high of $1,856 per ounce after opening....
Over the past weekend, conflicts in the Middle East shook the market, and oil prices jumped on Monday (October 9). News from Israel has been dominating Asian markets, with the usual safe havens finding bids. Oil prices led the gains, with Brent and U.S. crude rising as much as 5%, at a time when oil prices retreated slightly. It is recommended that crude oil...
Soaring U.S. Treasury yields and a stronger U.S. dollar are gold’s ‘nemeses’. " Spot gold maintained its intraday decline, with gold prices currently around $1,820 per ounce. The price of gold continues its downward trend. It is worth noting that the stochastic indicator is currently sending a negative signal, which will push the price of gold to continue the...
Gold prices fell to a one-week low and appear vulnerable to extending their downward trend. The Federal Reserve's hawkish outlook pushed U.S. Treasury yields higher and weighed on gold prices. The U.S. dollar, which sits near its year-to-date peak, is seen as another factor weakening gold. Gold prices fell significantly yesterday and tested the key support level...