On Wednesday, the prices of European and American bonds fell across the board, and the upward yields collectively put pressure on gold prices. Specifically, on the one hand, the yield of Germany's benchmark 10-year German bond rose by more than 10 basis points during the session; on the other hand, after the two-year and five-year Treasury auctions on Tuesday were both in poor demand, Wednesday's $44 billion seven-year Treasury auction was still weak, and U.S. Treasury yields continued to rise during the session. The 10-year Treasury yield rose above 4.60% for the first time in nearly four weeks, and the two-year Treasury yield approached 5.0%, a four-week high. Treasury yields in the United States and other parts of the world generally rose, which put pressure on gold prices to a certain extent.
The U.S. dollar index also rose during the session following the rise in U.S. Treasury yields, erasing the decline since the U.S. CPI inflation cooled in April more than two weeks ago. The ICE Dollar Index (DXY), which tracks the exchange rate of the US dollar against a basket of six major currencies including the euro, basically maintained its upward trend throughout the day on Wednesday. Only European stocks turned short-term before the market opened and fell below 104.60 to refresh the daily low. The US stock market accelerated its upward trend before the market opened. The US stock market broke through 105.00 in the morning and rose to above 105.10 in the afternoon, up 0.5% on the day, refreshing the intraday high since May 13 set last Thursday, exceeding the level before the release of the US April CPI on May 15. The rise of the US dollar suppressed gold priced in US dollars, and the gold trend closed with a negative decline.
Technical aspects: The recent rebound stopped at the 2363.0 line, and the price fell rapidly. The market center of gravity turned from oscillating upward to downward, and the short-term trend was bearish. In the moving average system, the price crossed the short-term 60-day moving average and 100-day moving average, indicating that the price was under pressure; and the MACD fell below the 0 axis, indicating that the downward trend of gold appeared, and the price may weaken in the short term. In terms of operation, try to short on rallies. It is recommended to try to arrange short orders near the pressure level of the 60-day moving average of 2349.0. Pay attention to the first support level of 2326.0 on the downside. If it breaks down, the short position will further test around 2303.0
The U.S. dollar index also rose during the session following the rise in U.S. Treasury yields, erasing the decline since the U.S. CPI inflation cooled in April more than two weeks ago. The ICE Dollar Index (DXY), which tracks the exchange rate of the US dollar against a basket of six major currencies including the euro, basically maintained its upward trend throughout the day on Wednesday. Only European stocks turned short-term before the market opened and fell below 104.60 to refresh the daily low. The US stock market accelerated its upward trend before the market opened. The US stock market broke through 105.00 in the morning and rose to above 105.10 in the afternoon, up 0.5% on the day, refreshing the intraday high since May 13 set last Thursday, exceeding the level before the release of the US April CPI on May 15. The rise of the US dollar suppressed gold priced in US dollars, and the gold trend closed with a negative decline.
Technical aspects: The recent rebound stopped at the 2363.0 line, and the price fell rapidly. The market center of gravity turned from oscillating upward to downward, and the short-term trend was bearish. In the moving average system, the price crossed the short-term 60-day moving average and 100-day moving average, indicating that the price was under pressure; and the MACD fell below the 0 axis, indicating that the downward trend of gold appeared, and the price may weaken in the short term. In terms of operation, try to short on rallies. It is recommended to try to arrange short orders near the pressure level of the 60-day moving average of 2349.0. Pay attention to the first support level of 2326.0 on the downside. If it breaks down, the short position will further test around 2303.0
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Gold still has some room to fall, and profits can continue to be made in the short term.Trade active
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The U.S. will release unemployment benefits data in ten minutesTrade active
All long and short transactions today are profitable, and this week's profit is about to exceed 200%. If you want to get such a profit, you can contact me.Trade active
All long and short transactions today are profitable, and this week's profit is about to exceed 200%. If you want to get such a profit, you can contact me.Trade active
All long and short transactions today are profitable, and this week's profit is about to exceed 200%. If you want to get such a profit, you can contact me.Trade active
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Don't mistake luck for strength. Many people have lost all their money because of this. Trading is not gambling. If you want to make profitable transactions, you can contact me.Trade active
Don't mistake luck for strength. Many people have lost all their money because of this. Trading is not gambling. If you want to make profitable transactions, you can contact me.Trade active
It is still fluctuating at the moment, waiting for today's US PCE price index, which will most likely fall.Trade active
Don't mistake luck for strength. Many people have lost all their money because of this. Trading is not gambling. If you want to make profitable transactions, you can contact me.Trade active
The US will release the PCE price index in ten minutes.Trade active
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The profit this week reached 260%, which is a very generous profit. If you want to synchronize my transaction, you can contact me and I will help you.Trade active
The profit this week reached 260%, which is a very generous profit. If you want to synchronize my transaction, you can contact me and I will help you.Trade active
This week's planned profit is still above 200%. If you want to join, please contact us.Trade active
This week's planned profit is still above 200%. If you want to join, please contact us.Trade active
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This week's planned profit is still above 200%. If you want to join, please contact us.Trade active
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Operate in the golden range, short at highs and long at lows.Trade active
If your recent transactions are not going well, you can contact me. This will be your most correct choice. As long as you have funds in your account, I will double your account profits within a week.Trade active
This week's planned profit is still above 200%. If you want to join, please contact us.Trade active
This week's planned profit is still above 200%. If you want to join, please contact us.Trade active
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Don't run around like a headless fly. You can contact me. My weekly profit has exceeded 200%.Trade active
Don't run around like a headless fly. You can contact me. My weekly profit has exceeded 200%.Trade active
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Don't trade emotionally, entering the market to make money is our goal. If your trading is illogical, you can contact me and I will help you.Trade active
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Don't trade emotionally, entering the market to make money is our goal. If your trading is illogical, you can contact me and I will help you.Trade active
Hope it helps youTrade active
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If you want to get the safest trading plan, please contact me.Trade active
If you want to get the safest trading plan, please contact meTrade active
Profit is the only purpose of our entry into the market, so don't waste your opportunities, if your transaction is not going your way, you can contact me as soon as possible.Trade active
Profit is the only purpose of our entry into the market, so don't waste your opportunities, if your transaction is not going your way, you can contact me as soon as possible.Trade active
The US will release unemployment benefits data in ten minutes.Trade active
My analysis is making money, if you want to follow my trading, you can contact me, the profit can reach 200% in a week.Trade active
My analysis is making money, if you want to follow my trading, you can contact me, the profit can reach 200% in a week.Trade active
Profit is the only purpose of our entry into the market, so don't waste your opportunities, if your transaction is not going your way, you can contact me as soon as possible.Trade active
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Today, gold continues to be short-selling, 2300-2305 short orders are entered, and the 2280 area is concerned belowTrade active
Profit is the only purpose of our entry into the market, so don't waste your opportunities, if your transaction is not going your way, you can contact me as soon as possible.Trade active
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It is recommended to treat gold with a volatile mindset today. The upper pressure is at $2,314. A break above this level may lead to a short-term rebound. Continue to pay attention to $2,328. The lower support is at $2,297. A loss here may increase the short-term decline. Continue to pay attention to $2,286 and $2,277.Trade active
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Profit is the only purpose of our entry into the market, so don't waste your opportunities, if your transaction is not going your way, you can contact me as soon as possible.Trade active
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If your trading is not going well, or you want to expand your profits, you can contact me.Trade active
If your trading is not going well, or you want to expand your profits, you can contact me.Trade active
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Going long on gold, I made a profit of 230 points, which is a very good profit. If you are still losing money, please contact me as soon as possible.Trade active
Today, both long and short positions have made profits, which is a very good profit. If you see my analysis and follow it, you will also make a good profit at this time. If you want to get a trading plan, you can contact meTrade active
Today, both long and short positions have made profits, which is a very good profit. If you see my analysis and follow it, you will also make a good profit at this time. If you want to get a trading plan, you can contact meTrade active
Profit is the only purpose of our entry into the market, so don't waste your opportunities, if your transaction is not going your way, you can contact me as soon as possible.Trade active
Profit is the only purpose of our entry into the market, so don't waste your opportunities, if your transaction is not going your way, you can contact me as soon as possible.Trade active
Today, both long and short positions have made profits, which is a very good profit. If you see my analysis and follow it, you will also make a good profit at this time. If you want to get a trading plan, you can contact meTrade active
Hope it helps youTrade active
Profit is the only purpose of our entry into the market, so don't waste your opportunities, if your transaction is not going your way, you can contact me as soon as possible.Trade active
Profit is the only purpose of our entry into the market, so don't waste your opportunities, if your transaction is not going your way, you can contact me as soon as possible.Trade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.