Analysis of the latest trend of gold market:
Analysis of the latest trend of gold market:
Analysis of gold news: At the end of the U.S. market on Tuesday (December 31), spot gold fluctuated and rose, currently trading around $2,624.57/oz. The price of gold fell 0.6% in quiet trading on Monday. It fell below the 2,600 mark to US$2,595.98 per ounce during the session, and closed at US$2,605.62 per ounce, below the key position near the 100-day moving average of 2,619. The U.S. dollar index once hit a new weekly high, keeping gold prices under pressure. Press. However, most traders awaited new catalysts, including next week's U.S. economic data, which could influence the Federal Reserve's interest rate outlook in 2025, as well as incoming President Trump's policies.
Market participants will focus on upcoming U.S. economic data to assess whether the economy is slowing, allowing the Fed to continue to cut interest rates. Earlier this month, Federal Reserve Chairman Jerome Powell said U.S. central bankers "will remain cautious about further cutting interest rates." This statement came after the expected 0.25 percentage point rate cut in December. Despite quiet trading this week, traders will be watching next week's U.S. job openings data, the ADP employment report, the minutes of the Federal Reserve's December Federal Open Market Committee (FOMC) meeting, and the U.S. employment report, which could provide important clues about the health of the world's largest economy. Looking ahead, the factors supporting gold prices in 2024 remain - central banks continue to buy gold to diversify their reserves, and continued interest rate cuts in the United States support investment demand. In 2024, gold prices have risen by about 27% and hit an all-time high of $2,790.15 on October 31. As Trump prepares to return to the White House in January 2025, the market is preparing for major changes in U.S. policy in 2025, including potential tariff adjustments, deregulation and tax changes. Gold is seen as a safe-haven asset against economic and geopolitical turmoil.
Gold technical analysis: Gold still repeatedly rose and fell as expected. The energy of yesterday's rebound was somewhat strong. So far, it has not refreshed yesterday's low, which means that this situation of gold will continue, but there will not be a surge in the market. The market is closed today, and the trading volume yesterday was relatively sluggish, so shock is still the main trend at the moment! However, the market does not last, and it does not strongly break through the 2628 rebound position on Monday and fall back under pressure, so gold is still in a weak market, and gold is still under the control of short sellers. Then gold is still in a weak market, and gold is still under the control of the bears. The market is changing rapidly.
Since the gold bulls can't go up, it means that the gold bulls are still powerless, and the gold rebound still continues to give opportunities to the bears. On the whole, the short-term operation strategy of gold on Thursday is recommended to rebound shorting as the main, and callback longing as the auxiliary.
Gold operation strategy:
1. When gold rebounds, sell short at the 2632-3635 line, cover short positions near the rebound at 2640, stop loss at 2647, target the 2610-2605 line, and look at the 2598-2600 line if the position breaks;
Analysis of gold news: At the end of the U.S. market on Tuesday (December 31), spot gold fluctuated and rose, currently trading around $2,624.57/oz. The price of gold fell 0.6% in quiet trading on Monday. It fell below the 2,600 mark to US$2,595.98 per ounce during the session, and closed at US$2,605.62 per ounce, below the key position near the 100-day moving average of 2,619. The U.S. dollar index once hit a new weekly high, keeping gold prices under pressure. Press. However, most traders awaited new catalysts, including next week's U.S. economic data, which could influence the Federal Reserve's interest rate outlook in 2025, as well as incoming President Trump's policies.
Market participants will focus on upcoming U.S. economic data to assess whether the economy is slowing, allowing the Fed to continue to cut interest rates. Earlier this month, Federal Reserve Chairman Jerome Powell said U.S. central bankers "will remain cautious about further cutting interest rates." This statement came after the expected 0.25 percentage point rate cut in December. Despite quiet trading this week, traders will be watching next week's U.S. job openings data, the ADP employment report, the minutes of the Federal Reserve's December Federal Open Market Committee (FOMC) meeting, and the U.S. employment report, which could provide important clues about the health of the world's largest economy. Looking ahead, the factors supporting gold prices in 2024 remain - central banks continue to buy gold to diversify their reserves, and continued interest rate cuts in the United States support investment demand. In 2024, gold prices have risen by about 27% and hit an all-time high of $2,790.15 on October 31. As Trump prepares to return to the White House in January 2025, the market is preparing for major changes in U.S. policy in 2025, including potential tariff adjustments, deregulation and tax changes. Gold is seen as a safe-haven asset against economic and geopolitical turmoil.
Gold technical analysis: Gold still repeatedly rose and fell as expected. The energy of yesterday's rebound was somewhat strong. So far, it has not refreshed yesterday's low, which means that this situation of gold will continue, but there will not be a surge in the market. The market is closed today, and the trading volume yesterday was relatively sluggish, so shock is still the main trend at the moment! However, the market does not last, and it does not strongly break through the 2628 rebound position on Monday and fall back under pressure, so gold is still in a weak market, and gold is still under the control of short sellers. Then gold is still in a weak market, and gold is still under the control of the bears. The market is changing rapidly.
Since the gold bulls can't go up, it means that the gold bulls are still powerless, and the gold rebound still continues to give opportunities to the bears. On the whole, the short-term operation strategy of gold on Thursday is recommended to rebound shorting as the main, and callback longing as the auxiliary.
Gold operation strategy:
1. When gold rebounds, sell short at the 2632-3635 line, cover short positions near the rebound at 2640, stop loss at 2647, target the 2610-2605 line, and look at the 2598-2600 line if the position breaks;
Trade active
Gold Trend Analysis:
From the daily structure point of view, after gold closed on the negative line and fell below 2600 on Monday, it has basically been technically confirmed that it will turn to a weak and then fall back trend. However, on Tuesday night, it abruptly pulled back above the 5 and 10 day lines, making the short-term trend It also adds a lot of variables. This kind of variables mainly If it is still emotional, we cannot rule out the suspicion that the abnormal rise on Tuesday night was caused by the bulls' malicious emotions. During the day, we will focus on the pressure near the 20-day line 2637 and the previous wave high of 2640. During the day, we will focus on the 5- and 10-day lines 2620 below. nearby scramble. Technically, gold returned to above 5 and 10 for no reason, causing the short-term rhythm to shift from weak shocks to wide-range sideways shocks. Although the weak mid- to long-term downward trend has not changed, it has brought great variables to the short-term trend.
The 4-hour chart has steadily recovered from the lower track of Bollinger Band and has returned to the middle track. In the short term, we are pulling back and forth around the range. At present, the lower Bollinger Band rebounds towards the upper Bollinger Band. Pay attention to the resistance near 2638 at the top. In the short-term hourly chart, first look at the rebound to confirm the resistance on the upper track, and then pay attention to the fallback space after the pressure. The support of the lower track is concentrated. Near 2600-2595. Combined with the hourly chart trend, during the day, we can focus on the competition for pressure above 2640. The strong pressure above may even need to push it up to around 2650. In terms of operational strategy, it is recommended to adopt a flexible operation method of short selling at high levels and buying at low levels within the range.
Gold operation strategy: It is recommended to sell near 2640-2638, stop loss 2645, target 2630-2625, and it is recommended to buy near 2620-2622, stop loss 2615, target 2635-2640;
Trade closed: target reached
News analysis:
On Thursday, January 2, spot gold rose slightly in the U.S. market and is currently trading around $2,659/ounce. Gold prices closed up 0.72% on Tuesday at $2,624.28/ounce, helping gold prices rise 27% in 2024, the largest annual increase since 2010, driven by safe-haven demand and interest rate cuts by central banks; however, market sentiment may become more cautious, depending on policy shifts during Trump's second term as president. In addition, the U.S. dollar index hit a two-year high on Tuesday, and the U.S. 10-year yield achieved its best annual increase in two years, and gold was also cautious.
Gold Trend Analysis:
Judging from the current market situation, the technical form also highlights the situation that has stopped the decline and is favorable to bulls. First of all, look at the daily line. Tuesday's dip and rebound trend closed positive on the daily line, but with the piercing of the 5-day moving average and the weakness of the 10-day moving average The downward pressure pattern shows that the short-term resistance is very fragile. In addition, other cycle indicators maintain a bullish arrangement. The Bollinger Middle Rail also extends upward. At the same time, the double lines of the MACD indicator have signs of forming a golden cross again. Therefore, the overall daily line seems that bulls are entering. Take proactive steps. In the 4 hours, after rising in early Asian trading, the current price is still hovering near the upper Bollinger Band. Although the upper Bollinger Band shows a suppressed form, as the short-term moving average moves upward, the lower Bollinger Band also extends upward, so it can be judged that The short-term downside space for gold prices is limited; in addition, the MACD double-line golden cross is in an upward form and has sufficient upward potential. Therefore, the overall 4-hour level can be expected to fall back and the bulls will launch a counterattack again after adjustment.
Operation idea: In day operation, it is recommended to mainly go long on dips, supplemented by shorting highs. For short-term support below, focus on the 2635-2638 area, and continue to look at the 2650-2660 area above. If the bears strongly break through the 2625-2630 area, it means that the market has peaked in the short term, and there is a high probability that the 2610 area will be explored again, or even exist. Possibility of breaking down. For the short-term resistance above, pay attention to the 2658-2660 area first, and try short selling. Focus on the 2666-2668 area during the day.
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💰Analysis layout
🥇Market tracking
💹In-depth analysis, accurate prediction, grasp the pulse of the gold market, if you like my ideas, please follow and forward
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