hfygm1

hfygm1 Updated 

Gold is trading sideways today, about $50 below its recent all-time high of $2,685 during the U.S. trading session on Monday (September 30). The dollar is in a weak position, and the market is preparing for an action-packed week, with Friday's non-farm payrolls data being a highlight on the U.S. data calendar. Gold traders may take a break after another strong...

hfygm1 Updated 

On Thursday, crude oil fell unilaterally in the Asian session, and the low point hit the lower track of the weekly Bollinger band at 67.1, which stopped the decline and rebounded. The real-time quote is 67.9. The intuitive feeling on the market is that the monthly line is difficult to change, and the weekly MACD is still in the green volume stage. Today's sudden...

hfygm1 Updated 

GBP/USD stabilized after yesterday's weakness as sentiment rebounded. The pound may struggle to move further higher as investors' attention turns to next month's budget and the Bank of England's interest rate decision a few days later. GBP/USD has been trending upwards since the end of April, forming a series of higher highs and higher lows. The price encountered...

hfygm1 Updated 

Gold has entered a high-level wash-out phase in the short term. Yesterday, gold hit a high of $2,685 and then quickly retreated to $2,655, but still failed to continue the decline. At the 4-hour level, the long volume has declined, but the decline is slow. On the daily chart, the gold price has not formed an effective short signal. The short-term strong support...

hfygm1 Updated 

The recovery in inflows into gold exchange-traded funds (ETFs) has been a key driver of the recent rally in gold prices. Global gold ETFs saw net inflows of 28.5 tonnes in August, reversing years of net outflows, led by North American markets. Analysts at Standard Chartered and Goldman Sachs expect these inflows to accelerate, especially as interest rate cuts...