If gold falls below 2550 it will continue to fall
Updated
Gold prices may continue to be under pressure in the short term, mainly affected by the following factors:
The strong dollar and the volatility of US Treasury yields: The strong dollar and the volatility of US Treasury yields are still the key factors affecting gold. In particular, the expectations of US economic growth and inflationary pressures have changed the market's expectations of the Fed's policies, thus limiting the upside of gold.
Global risks and the sensitivity of the Fed's policies: Although gold is currently facing downward pressure, if the gold price can stabilize and rebound in the range of US$2540-2550, it may attract some buying power and bring about a correction.
In the short term, the gold price may fluctuate around US$2550. If it breaks through the US$2500 mark, there may be greater room for decline. Market participants are advised to pay attention to the Fed's policy dynamics, inflation data and other global risk events, adjust trading strategies in a timely manner, and flexibly respond to market fluctuations.
The strong dollar and the volatility of US Treasury yields: The strong dollar and the volatility of US Treasury yields are still the key factors affecting gold. In particular, the expectations of US economic growth and inflationary pressures have changed the market's expectations of the Fed's policies, thus limiting the upside of gold.
Global risks and the sensitivity of the Fed's policies: Although gold is currently facing downward pressure, if the gold price can stabilize and rebound in the range of US$2540-2550, it may attract some buying power and bring about a correction.
In the short term, the gold price may fluctuate around US$2550. If it breaks through the US$2500 mark, there may be greater room for decline. Market participants are advised to pay attention to the Fed's policy dynamics, inflation data and other global risk events, adjust trading strategies in a timely manner, and flexibly respond to market fluctuations.
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