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Hello everyone! Today i want to share some trading strategies with u!

1.

$Gold - main 2406(GCmain)$ Outlook for this week Monday (May 6): international gold opening first narrow pressure running, the dollar index by last Friday's more obvious bottoming out of the power to stop the performance of its gold prices to cause some pressure.

Overall, the dollar index daily chart is still in the middle of the rail and short-term averages below, with chart indicators to maintain the short signal, short-term trend of the short side is still dominant, the weekly chart stops at the 10-week average, while the middle rail line is also the support position of the uptrend in recent months, so in the middle of the rail line is not broken, the dollar index is also expected to be strong again in the next few weeks, and bearish pressure on the price of gold; 　　

U.S. bond 10-year yield daily chart short-term weak, weekly and monthly charts still have space to fall, but the overall still maintain the uptrend, therefore, will produce support for gold prices, therefore, the gold price will be biased towards consolidation this week, or to stop falling back up, and after that will be again lower back down. 　　

Intraday will focus on the euro zone services PMI final value in April, May Sentix investor confidence index, March PPI monthly rate, as well as the United States in April the global supply chain stress index, the overall expectation is biased in favor of the gold price, therefore, today's gold price is biased towards shocks or bottoming out to close the line.

2.

$XAU/USD(XAUUSD.FOREX)$ above the existence of strong resistance, highs under pressure, gold is expected to fall back, you can enter the sell order in the 2320-22 short-term, T/P:2308-10 S/L can be set according to personal habits!

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3.

GOLD TRADING ALERT: Rising morale picks up as Fed rate cut expectations heat up + Middle East tensions mount! (So the technical side in the breaking news and geopolitical reasons, can not play any role) The ongoing tension in the Middle East also provides support for gold, Israel's military action in Rafah for the market to add a layer of uncertainty. 　　

Christopher Lewis, market analyst at FX Empire, noted, "The gold market continues to face a lot of upward pressure as it is used to protect wealth from devaluation as well as global geopolitical issues." Lewis noted that spot gold initially fell back below $2,300 per ounce earlier in Monday's trading session, but has since shown signs of recovery, "The market is currently looking at $2,320 per ounce as a bit of a hurdle, but I think with enough time we could go much higher." 　　

New York Fed President: the Fed's next move is either a rate cut, but monetary policy is currently in a good position 　　

New York Fed President Williams said Monday that the Fed will lower its interest rate target at some unspecified point in time. 　　

Speaking at the Milken Institute's 2024 Global Conference in Beverly Hills, California, Williams said that "eventually we'll cut rates," but that monetary policy is in a "very good place" right now. 　　

Monday's comments followed last week's Federal Open Market Committee (FOMC) meeting. At that meeting, policymakers left the target range for the overnight indicator rate unchanged at 5.25%-5.5%, while signaling that they may maintain the current rate target range for an uncertain period as they look for more evidence that inflation is falling back to target. 　　

Williams did not give a timetable for action, but said the economy is generally trending back toward a better balance amid a shift toward slower growth. Williams said that after last year's rapid economic growth, he expects this year's U.S. gross domestic product (GDP) growth will be in the 2% -2.5%. 　　

Williams also said that the Fed's efforts to reduce the size of its balance sheet are going well and have not triggered panic in the market. 　　

Fed's Balkin: current interest rate levels will push demand to cool, do not think the economy is "overheating" 　　

Richmond Fed President Thomas Barkin (Thomas Barkin) said Monday that the U.S. Federal Reserve Board (Fed/FED) the current level of the indicator interest rate should be able to cool down the economy, which will drive inflation back to the target level of 2%, and a strong job market will allow officials to wait patiently. 　　

In remarks prepared for the Rotary Club of Columbia, S.C., Balkin said, "I am optimistic that the current level of restrictive interest rates will be able to dampen demand and thus push inflation back to our target." 　　

Balkin said that while the year-to-date inflation numbers are "disappointing," he doesn't think the economy is overheating. 　　After falling steadily over the last year, the most recent data shows an uptick in inflation; while gross domestic product (GDP) grew by just 1.6% in the first quarter, Balkin said a measure of potential demand grew by a "robust" 3.1%. 　　

On the recent inflation data, Balkin said the challenge is that policymakers should "get more signals from the last three months, or the previous seven months", when inflation seemed to be steadily returning to the Fed's target. 　　

He said the "repetition of data" suggests patience to determine whether inflation will return to a steadily declining trend. 　　What happened earlier this year "just confirms the importance of the Fed's thoughtfulness," Balkin said. "The economy is coming into better balance, but no one wants inflation to rear its head. We've already said that we want to gain greater confidence that inflation is moving consistently toward our 2 percent target. Given the strong labor market, we have time to gain that confidence." He has a vote this year on the Federal Open Market Committee (FOMC), which sets policy. (END) 　　Future of Gaza ceasefire uncertain as Hamas agrees to proposal while Israel still bent on attacking Rafah 　　

Palestinian militant group Hamas on Monday agreed to a Gaza cease-fire proposed by mediating countries, but Israel said the relevant conditions did not meet its requirements and continued to strike at Rafah (Rafah), while planning to continue negotiations to reach an agreement. 　　

The Israeli army attacked Rafah, on the southern edge of Gaza, from the air and on the ground and ordered residents to leave parts of the city. 　　

Hamas leader Ismail Haniyeh has informed the Qatari and Egyptian mediators that Hamas accepts their offer of a ceasefire, Hamas said in a brief statement. 　　

Israeli Prime Minister Benjamin Netanyahu's office later said that Hamas's latest ceasefire offer did not meet Israel's requirements, but that Israel would still send a delegation to meet with negotiators to try to reach an agreement. 　　Netanyahu's office added in the statement that Israel's War Cabinet had approved the continuation of the operation in Rafah. 　　

The statement said, "The War Cabinet unanimously decided that Israel will continue to conduct operations in Rafah to exert military pressure on Hamas in order to facilitate the release of the hostages and to achieve other war objectives." 　　

A spokesman for U.N. Secretary-General Antonio Guterres said Guterres urged Israel and Hamas to "push harder to reach an agreement." 　　

An anonymous Israeli official said Hamas accepted a watered-down version of the Egyptian proposal, which contained elements unacceptable to Israel. 　　

It seems to be a ruse to make Israel look like the party rejecting the deal," the Israeli official said. 　　

But another official with knowledge of the peace talks, who spoke on condition of anonymity to be briefed on the talks, said the proposal accepted by Hamas was actually the same as the one Israel agreed to in late April. 　　

A U.S. official familiar with the cease-fire talks said Netanyahu and the war cabinet "don't seem to be looking at the latest phase of negotiations in good faith." 　　

State Department spokesman Matthew Miller said Washington would discuss Hamas's response with its allies in the coming hours and that an agreement was "absolutely achievable." 　　

"We want the hostages rescued; we want a six-week cease-fire; we want enhanced humanitarian assistance," White House national security spokesman John Kirby said, adding that a deal "would absolutely be the best possible outcome." 　　

Earlier Monday, Israel ordered the evacuation of parts of Rafah. The city is the last refuge for about half of Gaza's 2.3 million residents. 　　

The United States, for its part, has called on Israel not to attack Rafah, saying it should never act without a complete plan for protecting civilians there, which has yet to be presented. The aforementioned U.S. official said Washington is committed to preventing Israel from attacking Rafah. $XAU/USD(XAUUSD.FOREX)$ $Gold - main 2406(GCmain)$

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