Hello everyone! Today i want to share some macro analysis with you!1. $Gold - main 2412(GCmain)$ Technical: Gold prices opened today's trading session with a clear upward move, close to testing the previously broken bullish trend line which now turns into a key resistance level at 2615, noting that the EMA50 meets this level adding more strength to it, while the stochastic indicator has clearly lost its positive momentum.These factors prompt us to suggest continuing the bearish corrective trend in the upcoming trading session, mainly waiting for a test of the 2513 support, noting that a break above 2615 will stop the negative scenario of the downtrend and lead the price back to the main bullish track again.Expect today's trading range to be be

Hello everyone! Today i want to share some macro analysis with you!1.Friday (8 November) in the Asian market, spot gold short-term sudden sharp fall, the gold price just fell below the 2700 U.S. dollars / ounce mark; the last trading day gold prices surged nearly 2%! Despite the strong rebound in gold prices on Thursday, gold's bullish potential remains limited.On Thursday, spot gold surged more than 47 U.S. dollars, the federal reserve interest rate cuts to the dollar and bond yields under pressure, and boost the investment attractiveness of non-interest-bearing gold.The fed announced on Thursday will benchmark interest rate cut 25 basis points to 4.50%-4.75%, for the second consecutive rate cut, in line with market expectations.For the pace of rate cuts, Fed Chairman Jerome Powell said t

Hello everyone! Today i want to share some macro analysis with u!1. $Gold - main 2412(GCmain)$ Thursday (31 October) Asian morning trading, spot gold high narrow oscillation, currently trading at 2787.36 ！Gold prices on Wednesday again refreshed record highs to $2,789.89 per ounce, as uncertainty over the U.S. presidential election boosted safe-haven demand, and traders are also waiting for economic data to provide clues to the Federal Reserve's policy path.However, the U.S. economy grew solidly in the third quarter, with consumer spending growing at its fastest pace in a year and a half and inflation slowing sharply, continuing to break recessionary forecasts; this gave support to U.S. bond yields, making gold bulls wary.

Hello everyone! Today i want to share some macro analysis with you!1. $Gold - main 2412(GCmain)$ Early Wednesday (30 October) Asian market, spot gold continued to rise, up to touch 2780 U.S. dollars / ounce, a new record high, October cumulative rise of nearly 150 U.S. dollars. The record high. Middle East tensions and U.S. election uncertainty to the gold price to provide upward momentum.Today's noteworthy data and events are:1. U.S. ADP employment for October;2. U.S. real personal consumption expenditures in the third quarter of the preliminary quarterly rate;3. the preliminary annualised quarterly rate of US real GDP for the third quarter;4. the preliminary annualised quarterly rate of the US core PCE price index for the third quarter;5. U.

Hello everyone! Today i want to share some macro analysis with you!1. $Gold - main 2412(GCmain)$ Technical: Gold price has managed to touch our first awaited target at $2745.00. Today's trading started with a slight bearish bias in the gold price, influenced by negative stochastic signals. It is expected that the gold price will continue its overall bullish bias in the coming period, with the next target located at $2770. It is important to take into account that once the gold price falls below $2,716.00, this will put additional bearish pressure on the gold price, in which case the gold price targets a test of the major bullish channel support line around 2659 before resuming its attempts to move higher.Gold prices will trade today between su

Hello everyone! Today i want to share some macro analysis with you!1. $Gold - main 2412(GCmain)$ Technical: Gold has managed to reach the first bullish target of $2,668 that I have been mentioning, with the next target looking towards all-time highs. It is expected to reach a new all-time high before the US market today! Gold price has successfully reached our first awaited target at $2668.00. The gold price started today's trading with a new bullish bias and attempted to break above the mentioned level, thus supporting the expectation of a continued uptrend in the intraday as well as in the short term. As a reminder, our next target for gold prices is the recent record high of $2,685.50. Looking at the 4-hour chart, the 50-period Exponential

Hello everyone! Today i want to share some macro analysis with you!1.Technical: So far this week, gold prices remain supported above the key 21-day simple moving average (SMA) support, which currently sits near $2,635.The 14-day Relative Strength Index (RSI) is holding steady above its midline, suggesting that any decline in gold prices could be a good buying opportunity in the near term.If gold prices recover, the next bullish target could be at the previous high of 2667, followed by the recent high of 2670. if gold rises further, the record high of 2686 would be the target. Short-term support for gold is found at the 21-day moving average, below which it would test a three-week low near $2,600. If the latter is sustained, the downtrend could extend towards the 20 September low of 2585. T

Hello everyone! Today i want to share some macro analysis with you!!1.Technical: Gold has climbed sharply from its intraday lows. Gold prices had touched a low of around 2643 in Asian trade on Monday. If gold prices break through the first target of 2668, this will pave the way for further big gains in gold prices. $Gold - main 2412(GCmain)$ Gold prices have shown a clear uptrend in the previous few sessions and are close to our first awaited target of 2668, and are now waiting for them to rise further and test the recently recorded high of 2685.5, which is also the next target for gold prices. It should be noted that the stochastic indicator is currently sending negative signals, which could hamper the gold price's mission to achieve the afor

Hello everyone! Today i want to share some macro analysis with you!1. $Gold - main 2412(GCmain)$ found a solid barrier at the resistance line of the major bullish channel but failed to break through it, thus indicating a negative trade and suggesting that an intraday bearish correction will be realised in the upcoming trades as gold trades below the support line of the minor bullish channel appearing on the charts en route to achieving the negative target, which is firstly a break below 2,635.06 in order to confirm that the opening of the 2604 Road.Therefore, with support from the completion of the double top pattern, we expect negative trading today, which has additional negative targets in the short term, noting that a break above $2,675.25

Hello everyone! Today i want to share some macro analysis with you!1.Thursday (October 3) Asian morning commentary, spot gold narrow range oscillation, currently trading at 2657 near. Gold prices on Wednesday shook slightly lower than the U.S. September ADP employment data (commonly known as ‘small non-farm payrolls’) stronger than market expectations to help the U.S. dollar index daily recorded three consecutive suns and rose to a nearly three-week high, U.S. bond yields also followed the rise, which led to the price of gold on Wednesday, the plate once fell to 2641.05 U.S. dollars, but Middle East tensions are still to provide safe-haven buying for the price of gold! Support, closing at $2,658.55, down about 0.18%.Market eyes will continue to focus on U.S. economic data and news related

Hello everyone! Today i want to share some macro analysis with you!1. $Gold - main 2412(GCmain)$ Technical: Gold fell sharply yesterday in line with the expected trend! It touched a low near 2,624.5 while the sell order trade I gave took a big profit! Gold price provided additional negative trades yesterday, approaching the support line of the intraday bullish channel at 2620.7, while the EMA50 formed a good support preventing the price from continuing to fall, waiting to gain negative motivation, which will help push the price to realize more bearish bias and move beyond the mentioned support towards 2604!Considering that a breakout above 2649 will stop the expected downtrend and lead to price resuming the main bullish track once again, my re

Hello everyone! Today i want to share some macro analysis with you!This week's gold market reviewGold prices hit record highs for six consecutive trading days last week, driven by the Federal Reserve's increased easing efforts, the attractiveness of gold as a safe-haven asset increased. Gold opened at US$2,620.93 per ounce at the beginning of the week, and then the North American market pushed the gold price to break through US$2,634 per ounce, and the Asian market further pushed it up to US$2,638. By Wednesday, the gold price rose quickly to US$2,663 per ounce and then continued to move higher to US$2,670. However, the gold price retreated after touching US$2,685 per ounce on Thursday and fell further below US$2,650 on Friday, but rebounded at the close. Market Focus OutlookLooking ahead,

Hello everyone! Today i want to share some macro analysis with you!1. $Gold - main 2412(GCmain)$ TECHNICAL ANALYSIS: There is no change in the outlook for the gold price from a short-term technical perspective as it remains in extremely overbought territory, suggesting that a meaningful correction may be on the horizon.The 14-day Relative Strength Index (RSI) is currently trading above 76, requiring buyer caution.If buyers regain lost momentum, gold's breakout above the record high of $2,686 US is critical for its further rise towards 2,700 resistance. If this resistance is broken, gold prices are expected to rise towards the psychological $2,750 mark! If the gold price continues to retrace, effectively breaking the 2650 key resistance positio

Hello everyone! Today i want to share macro analysis with you!1. $Gold - main 2412(GCmain)$ Looking ahead to the trading day, Fed Chairman Powell's speech and U.S. GDP data are expected to provide important guidance for gold price action. Technical: Looking at the 4-hour chart of gold, the gold price broke through the bullish channel resistance and it is worth noting that the stochastic indicator is gradually getting rid of its negative momentum, waiting for the indicator to gain positive momentum, which will push the gold price to continue its major bullish trend. The next major target for gold price is located at $2700. Therefore, we will continue to forecast gold prices in a bullish trend for some time to come. It should be noted that if th

Hello everyone! Today i want to share some macro analysis with you! $Gold - main 2412(GCmain)$ Technical: Gold prices rallied yesterday and broke above our long awaited price target of 2644.65, which opens the way for further gains in the short to medium term. We believe that the way is open for gold prices to rise to the next major target of $2700.Therefore, we are waiting for gold prices to rise further in the next few trading sessions. Looking at the 4-hour chart, the 50-period exponential moving average (EMA) is posing support. It is important to note that if the gold price falls below 2647, this will stop the bullish trend and put the gold price under intraday corrective bearish pressure before turning higher.Gold prices are expected to t

Hello everyone! Today i want to share some macro analysis with you!1. $Gold - main 2412(GCmain)$ GOLD TRADING ALERT: It's only a matter of time before gold exceeds $3,000, even if the U.S. cuts interest rates to get out of its economic woes! Because of the Federal Reserve again sharply cut interest rates is expected to heat up, coupled with the Middle East tensions further heating up, the price of gold once close to $ 2638.5, a record high. Gold has now stabilised at 2630, so keep your buy orders trading next! New records will continue to arrive!2.On Tuesday (24 September) in the Asian market, gold continued to move higher in the short term, touching a record high near $2,640! If the gold price breaks through the resistance level of 2644.65, t