Golden_Line_FX

Golden_Line_FX Updated 

1. Current market dynamics Price trend: Gold broke through the key psychological level of $3,300, and bulls dominated in the short term, but we need to pay attention to the strong resistance test of $3,370. Key support/resistance: Support level: 3295-3285 (short-term), 3273 (bullish strength and weakness boundary), 3253-3150 (medium-term strong...

Golden_Line_FX

1. Current market environment Fundamental support factors: Expectations of a rate cut by the Federal Reserve (the market is still betting on a rate cut this year, which is good for gold). Weak US dollar (limited rebound in the US dollar index, downward pressure on gold is controllable). Geopolitical risks (uncertainty in the Middle East, safe-haven demand...

Golden_Line_FX Updated 

Daily level triangle convergence The price forms a symmetrical triangle at 3180-3320, and is currently in the final consolidation (a direction must be determined within 3-5 trading days) MACD key signal: The fast and slow lines are glued below the zero axis. If a golden cross appears, it will confirm the daily level rebound Volume observation: The recent...

Golden_Line_FX Updated 

📌 Core market logic: Risk aversion dominates, gold fluctuates at high levels Geopolitical risks surge Middle East situation: Israel launches large-scale ground operations in Gaza, and the conflict escalates. Russia-Ukraine war: Russia launches the largest air strike since 2022, and negotiations break down. Iran nuclear issue: Iran's tough statement of "never...

Golden_Line_FX Updated 

Core logic analysis Negative factors The strengthening of the US dollar: the cooling of the Fed's interest rate cut expectations (the market is currently pricing in a 58 basis point rate cut by the end of the year, a significant reduction from April) suppresses the attractiveness of gold. Risk appetite rebounds: The easing of Sino-US trade tensions weakens the...

Golden_Line_FX Updated 

Core logic analysis Negative factors The strengthening of the US dollar: the cooling of the Fed's interest rate cut expectations (the market is currently pricing in a 58 basis point rate cut by the end of the year, a significant reduction from April) suppresses the attractiveness of gold. Risk appetite rebounds: The easing of Sino-US trade tensions weakens the...

Golden_Line_FX Updated 

1. Core driving factors of fundamentals Weak US economic data strengthens expectations of interest rate cuts PPI and retail sales data fell beyond expectations: US PPI fell 0.5% month-on-month in April (expected +0.2%), retail sales growth dropped sharply from 1.7% in March to 0.1%, and manufacturing output fell 0.4%, indicating that the pressure of economic...

Golden_Line_FX

I. Analysis of news Short-term pressure factors Fed policy expectations: The market's expectations for the Fed to maintain high interest rates have strengthened (especially after the release of April CPI data), and the strengthening of the US dollar has suppressed gold prices. US-China trade easing: The rebound in risk appetite has weakened the safe-haven...