Gold market analysis

Market Analysis

Gold Market Analysis

In-depth exploration of the factors behind gold price fluctuations

2023-02-02
rush
On February 2nd Today's range As expected, the Fed, subject to recent poor economic data, announced a 25-point rate hike this morning in order to avoid a hard landing by pushing too hard. After the
2023-02-01
Repeated testing
February 1st. Today's amplitude interval One more data shows that inflation in the United States shows signs of easing. The latest employment cost in the United States shows that labor costs are dec
2023-01-31
In adjustment
January 31st. Today's amplitude interval There are signs of easing inflation in the United States. The market expects the Fed to raise interest rates by 0.25% in the early morning of Thursday, and t
2023-01-30
Gather air and store power
January 30th Today's amplitude interval The gold price rose for six weeks in a row, and the trend was well supported at $1,900. It also slowly moved the support level up to $1,920, a weekly chart fo
2023-01-27
Lonely at the top
January 27th Today's range Gold had a bearish session near $1,950 as profit-taking drove prices lower. With the dollar index above 102 and gold testing $1,920 for the third straight day, this positi
2023-01-26
Under pressure
On January 26th Today's range Gold is still in turmoil, hitting new highs for the year while slowly moving from support at $1,900 to $1,920. Bull targets point to 2000, but there is still pressure a
2023-01-25
Fly high
January 25th Today's amplitude range The US purchasing managers' index exceeded the market expectations, and the market's expectations for the continued interest rate increase of the Federal Reserve B
2023-01-24
Be promoted step by step
On January 24th Today's range The US leading index showed for the fifth month in a row that the economy is going backwards. Although the January figure showed an improvement over December, it was st
2023-01-23
Stupid and eager to work
January 23rd   Today's amplitude range   A number of economic data from the United States show that the economy will slow down, making the trend of the US dollar depressed again. In addition, the coun
2023-01-20
Break this year's high
On January 20th Today's range U.S. economic data pointing to an economic slowdown again depressed the dollar, and the countdown to a potential U.S. government default was nearing its final stages, i
2023-01-19
Wait for low approach
On January 19th Today's range Gold held at the $1,900 level yesterday as hawkish comments from Fed officials weighed on growth. Resistance to the new supply zone is strong and may take some volatili
2023-01-18
Under adjustment
On January 18th Today's range The continued weakness of the yuan, coupled with expectations that European Central Bank interest rates will peak this year, pushed the dollar index back up to 102.5 an
2023-01-17
Traveling shock hook running for breakthrough
January 17th Today's amplitude range The RMB weakened, the US dollar index rebounded, and the trend of the gold market also rose first and then fell. The gold price recovered after hitting the highest
2023-01-16
Big money travel
On January 16th Today's range A resurgent China drove other non-U.S. currencies, with the dollar index falling near $102. In addition, U.S. economic data did not support hawkish policy and Federal R
2023-01-13
Reach the bottom
January 13th Today's amplitude interval The latest consumer price index, which is concerned by the market, recorded its first decline in two and a half years. The data provided room for the Federal
2023-01-12
Heheguoguo
January 12th Today's amplitude range The market is concerned about the consumer price index released tonight, and investors expect that the figure will drop somewhat. If this is the case, the pressu
2023-01-11
Reaching the peak
January 11th Today's amplitude range The market paid close attention to the speech of Fed Chairman Powell last night, but he did not make any comments on the federal funds rate. The market was reliev
2023-01-10
Consume halberd
January 10th Today's amplitude range The renminbi continued its upward trend, and the price of gold rose. The price of gold tried to reach $1,880 yesterday, and the highest price rose to $1,881.6 be
2023-01-09
Try high again.
January 9th Today's amplitude range The US labor data is good, showing that the labor market is tight, but the salary survey has unexpectedly dropped, which is conducive to alleviating the Fed's exp
2023-01-06
Soft feet
On January 6th Today's range Gold retracted near 1860 on fears of a more aggressive Fed rate hike after good U.S. labor data showed a tight labor market, pushing up wages and supporting inflation. G