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U.S. Treasury yields fell sharply after Powell's speech, boosting gold prices. His comments were less hawkish than markets had expected, saying more evidence was needed that inflation was falling before he would consider lowering borrowing costs. Market analysts believe that the rebound in the market due to Powell's comments may be too optimistic. Amid the volatility in global financial markets, gold's role as a safe-haven asset has become increasingly prominent. The latest policy trends of the Federal Reserve, the upcoming non-farm employment data, and geopolitical uncertainty have jointly shaped the short-term deep V trend of gold prices.
Trend analysis: The overall short trend remains unchanged, and the downward channel remains normal and safe. Yesterday it bottomed out and rebounded, and today it surged higher and fell back. The pressure around 2330 is relatively high and it cannot effectively break through. It is better to continue to follow the trend and go short at high levels. If this position is broken strongly, then the rebound at the daily level is expected to continue.
Upper pressure: 2315 2328 2336
Lower support: 2280 2272 2260
Trend analysis: The overall short trend remains unchanged, and the downward channel remains normal and safe. Yesterday it bottomed out and rebounded, and today it surged higher and fell back. The pressure around 2330 is relatively high and it cannot effectively break through. It is better to continue to follow the trend and go short at high levels. If this position is broken strongly, then the rebound at the daily level is expected to continue.
Upper pressure: 2315 2328 2336
Lower support: 2280 2272 2260
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Gold rebounded to the area near 2345 and continued to short, with the target of 2330-2335.
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Brother, contacting me is your best choice. It has been proven that I have helped many people recover their losses and make money. If you are losing money, please contact me as soon as possible.