To The Moon

Last trading day Tuesday (May 7): international gold / London gold rebound power slowed down, encountered obstacles to the performance of the closing, did not further rise to break through the pressure of the middle rail line, suggesting that the short side is still dominant, the trend is still biased towards shock pressure to be expected to fall back prospect. 　　

Specific trend, the gold price since the Asian market opened at 2324.21 U.S. dollars / ounce, in a brief continuation of the recovery force first strong, at 9 o'clock in the session recorded an intraday high of 2329.82 U.S. dollars, was blocked back down, continue to soften, has continued to the end of the European session touched the intraday low of 2309.88 U.S. dollars, and after that is bottoming out, after the U.S. disk open, it is a continuous rebound to the line of 2323 U.S. dollars, but by the opening price resistance.

The day's opening price resistance, and again blocked to 2312 U.S. dollars a line, and maintain this above 4 U.S. dollars range continued narrow consolidation, finally closed at 2313.76 U.S. dollars, the daily amplitude of 19.94 U.S. dollars, closed down 10.45 U.S. dollars, down 0.45%. $Gold - main 2406(GCmain)$ $USD Index(USDindex.FOREX)$ 　　

Impact, the dollar index continued the first two days of stop signals, rebound to close higher, on its gold price pressure, but the U.S. bond 10-year yields continue to fall momentum, while limiting the decline in gold prices; 　　

In addition, although, Israeli tanks have entered Rafah, the Israeli army control of Gaza Rafah crossing on the Palestinian side, but the Gaza parties negotiators arrived in Cairo, the U.S. CIA director of the latest cease-fire negotiations, so that the impact of its risk aversion is limited, at the same time, the Federal Reserve Kashkari and then out of the "eagle's words", said: June's personal dot plot guidelines may be this year! Reduce interest rates 2 times, 1 time or not, if necessary will raise interest rates, is still boosting the dollar, pressure on gold, ultimately suppressing gold prices were blocked to close slightly lower. 　　

Looking ahead to today Wednesday (May 8);

international gold opening by the 5-day average of the short support, some stops and rises, but the dollar index opening is still back up strong, it is on its more than a certain pressure, coupled with the trend is still faced with the middle rail and other pressures, so this intraday rebound is limited; the day will focus on the U.S. wholesale sales in March monthly rate and the Federal Reserve's vice-chairman Jefferson on the economy to deliver a speech.

There are 2025 FOMC vote, Boston Fed President Collins spoke; the next day at 1:00, the United States will carry out the 10-year Treasury auction; 1:30, the Federal Reserve Board of Governors Lisa Cook on financial stability speech.

Today's Asian market is expected to continue to maintain a narrow range of oscillation, above the attention of 2320 near resistance, and 2335 near resistance; below the attention of 2302 near support, and 2294 near support!

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What’s more, tanks have entered Rafah, Israeli forces control the Gaza Rafah crossing on the Palestinian side, but the Gaza parties negotiators arrived in Cairo, the U.S. director of the CIA to participate in the latest ceasefire negotiations, so that its risk aversion is limited, while the Fed Kashkari again out of the "eagle words," said: June's personal dot plot guidelines may be this year's interest rate cuts 2 times, 1 time or no rate hike if necessary.

Times or not, if necessary will raise interest rates, is still boosting the dollar, pressure on gold, ultimately suppressing gold prices were blocked slightly lower! Laura expects XAUUSD to continue to close lower in Asian markets and European markets in shock! Gold rally 2315-18 can continue to enter selling! More signals homepage add me!

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