Gold prices have reached the bottom of the range mentioned earlier this week at 4092, with today’s low at 4023. Initially, it was expected that gold would oscillate within the lower range of 4092-4390(2)… However, after yesterday’s US CPI release, gold did not rebound at all; instead, the decline appears to be accelerating. The strategy […]

Since the last Federal Reserve meeting, market sentiment has officially shifted from “cutting” to “hiking,” changing from expecting two rate cuts earlier this year to now possibly one rate hike before year-end. After last Friday’s Non-farm payroll release, the US Dollar Index strengthened sharply, causing gold prices to quickly lose support at 4380(2)! In terms […]

The gold price decline started from 4773, dropping by 400 USD. Will it fall further? To be honest… uncertain 🙂 Although the gold price trend still shows lower lows (1), 4380 remains a relatively important support/resistance level since October (2). Currently, we need to watch if the buying at 4380 will be fully cleared, and […]

Although the downtrend in gold prices has slowed, the daily chart still shows lower lows (1), indicating no formal reversal yet. Recent price action has been relatively calm, moving within a descending channel (2). On Monday, gold broke below the ascending support line (3), showing short-term weakness. The target for the coming week is set […]

After the last Federal Reserve meeting, several members notably removed the term “easing” from the statement. Market expectations for Fed rate cuts have shifted from two cuts throughout the year at the start to over 60% probability of rates remaining unchanged through 2026. > Last week, US CPI and PPI inflation data both rebounded. > […]

After the UK local elections, the British Prime Minister may be forced to step down at any time. This week, the British pound weakened amid political instability. Yesterday, it broke the key support at 1.3460 (1) established over the past four weeks. Technically, GBP still has enough room to decline. The short-term target can be […]

Gold prices’ downtrend since the early March US-Iran conflict slowed after breaking resistance (1) on May 6. However, the daily chart trend remains weak; gold needs to break the previous high (2) at 5120 to shift to an uptrend. Key resistance above lies at the 100-day moving average (4). The upcoming 48 hours and the […]