Weekly

May 24 th
 
Today's volatility range:

The gold market has risen for seven consecutive trading days, which is the longest record of rising since the gold price history was created. At the same time, it has been built for three consecutive weeks, showing its strength! Before hitting a record high of $2,075 per ounce on August 7 last year,

No matter the daily or weekly chart of gold price, there are no coincidence, and they all show the performance of nine candles, which made the market boil at that time. It was very lively! In the weekly approval on May 3, the trend of gold prices was analyzed;

"The price of gold seems to have a tendency to replicate the trend of the previous year. In April, it is the first time since this year that there has been a monthly increase in the monthly market opportunities." Interested friends can review and leave a message on Facebook

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$1,772 per ang at the opening price of the gold market on May 3; If there are friends who have entered the market and persisted to this day, the profits can be counted from the closing price of $1881 per ounce last Friday.

If Barthes is interested in learning to invest but doesn't know how to start, you can use the links below this page to join the group for more information. Closer to home, the US economic data is uneven, and the European economy is recovering.

The weakening of the US dollar has stimulated the rise of gold prices, and China's ban on cryptocurrencies has increased the selling pressure in the market, which has also caused large fluctuations in the market, affecting the accelerated inflow of funds into the gold market to avoid risks. Under multiple favorable factors,

It is only a matter of time before the price of gold rises above $1900. Today, the proposed amplitude is 1872-1888.
 

The situation in the Middle East has slowed down. The 11-day Israeli-Palestinian war finally reached a ceasefire agreement under the mediation of the United States. The two sides abide by the agreement and no longer attack each other with artillery fire. However, there are still sporadic conflicts on the border. In order to prevent the resurgence,

The United States will send Assistant Secretary of State blinken to visit Israel to continue lobbying to avoid violent conflicts. The COVID-19 epidemic is still a hidden danger in Asia, and the epidemic has broken out again in Taiwan Province, with more than 2,000 confirmed cases soaring in the past eight days.

India still has more than 20 virus-infected people every day, accounting for the second largest number of patients in the world, second only to the United States; More restrictive measures will continue to plague the progress of Asian economic recovery. On the contrary,

The new crown epidemic in many European countries gradually eased, and began to relax domestic epidemic prevention measures, relax restrictions on travel to the EU, and allow the vaccination of any four COVID-19 vaccines approved by the European Drug Administration

One, the people travel to the EU, which will further boost the European economy.

The People's Bank of China issued a statement last Wednesday, reaffirming that cryptocurrency cannot be traded in any form of payment in China, and it is also forbidden for any platform to provide cryptocurrency messages on the Internet, and it is also forbidden to encrypt with any business

Money companies have any economic relations, such as renting office buildings. This one-size-fits-all regulation mode in China has intensified the fluctuation of cryptocurrency market in the past few days. The minutes of last month's Fed meeting were released last week.

The exhibition Committee turned a bit hawkish. The content released last week pointed out that many officials said that fiscal stimulus, vaccine progress, suppressed demand and high savings will continue to support consumer spending.

However, if the economy continues to grow rapidly, it will be appropriate to start discussing reducing the scale of debt purchase at "some time". The market believes that the Fed will reduce its debt buying before raising interest rates.

The gold market has risen for seven consecutive trading days, which is the longest record of rising since the gold price history was created. At the same time, it has been built for three consecutive weeks, showing its strength! The uneven performance of U.S. economic data last week, coupled with the economic recovery in Europe,

The U.S. dollar once fell past 90 points, the price of 10-year U.S. Treasury bonds rose, and the yield of U.S. debt fell by nearly 1.62%, all of which stimulated the rise of gold prices. In addition, China banned cryptocurrencies and increased the selling pressure in the market, which also caused the market to fluctuate greatly.

Affect the capital to speed up the inflow into the gold market to avoid risks. Last week, the price of gold was as low as $1,870 and as high as $1,889. Last Friday, it closed at $1,881, rising by $37 per week and $4 per day.

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