To The Moon

Overview Gold prices $XAU/USD(XAUUSD.FOREX)$   have experienced a slight decline as investors turn their attention to upcoming U.S. economic indicators that could influence the Federal Reserve’s interest rate decisions. Spot gold dipped by 0.2% to $2,327.52 per ounce, and U.S. gold futures mirrored this trend, falling to $2,339.90. This movement follows a notable sell-off last Friday, where gold dropped over 1% amid a surge in the U.S. dollar, driven by improved business activity and employment data. Key Factors Impacting Gold Prices Technical Signals and Short-Term Bearish Sentiment According to Kelvin Wong, a senior market analyst at OANDA, technical indicators for gold in the short-term are currently not favorable. Last Frida

Expectations and timing changes about the Fed's interest rate cuts have become the main factors for recent market fluctuations, and related core US data have also attracted wide attention. Interestingly, although the risk appetite has not improved significantly, the US stock market, gold and Bitcoin have recently shown a certain degree of divergence.Gold's Second BottomGold refreshed its previous high in May, but then there was a continuous decline. Although it rebounded due to the rapid development of silver, our previous content also predicted a possible rebound and then a fall. The previous round of adjustment lows at 2285 may still be used as the target of short sellers, thus forming a platform model, followed by a new wave of rising prices.Although the point is not far away, this does

Overview Gold prices have shown a slight decline at the start of the week as the market anticipates upcoming U.S. economic data and further guidance from the Federal Reserve on interest rates. After a significant uptick on Friday, spot gold eased by 0.5% to $2,321.11 per ounce by early Monday trading, while U.S. gold futures dipped 0.6% to $2,335.30. The recent stabilization in inflation has bolstered hopes for a rate cut by the Fed later in the year, influencing gold's price movements. Gold's Brief Decline Following Friday's Surge Unwinding Friday’s Gains Monday's drop in gold prices appears to be a correction following the 1% rise seen on Friday. Kyle Rodda, a financial market analyst at Capital.com, notes that this minor retreat is likely a natural pullback after last week’s gains, whi

Overview As U.S. inflation shows signs of easing, the market's anticipation of a potential interest rate cut by the Federal Reserve has increased, leading to a significant rise in gold prices. Over the past week, spot gold has surged by more than 1%, reflecting renewed investor interest in the precious metal. This report delves into the recent movements in gold prices, examines the factors driving these changes, and provides an outlook on future trends. Gold Prices Rally on Rate Cut Hopes On Friday, spot gold prices climbed by 1.25%, reaching $2,332.55 per ounce. In contrast, gold futures closed down by 1.3%, settling at $2,349.10 per ounce. This disparity between spot and futures prices highlights the dynamic nature of gold trading and investor sentiment in the current market. According

Overnight, the much-anticipated Federal Reserve's June interest rate meeting debuted. The Federal Reserve announced in the early hours of June 13, 2024, Beijing time that it would continue to maintain the target range for Federal Funds rate between 5.25% and 5.50%.This is the seventh consecutive time rates have been kept unchanged since September last year.The Fed's decision was in line with market expectations.Since March 2022, the Federal Reserve has conducted 11 rate hike, ranging from 25 basis points at the beginning to 50 basis points later, and 75 basis points for 4 consecutive times. After the subsequent rate hike gradually slowed down, so far rate hike has been suspended 7 times in a row, choosing to stay on hold. The market generally expects the Fed's next move to cut interest rat

In recent months, the commodities market has been buzzing louder than a beehive at a honey convention, with gold, silver, and copper prices climbing to impressive heights. Let's dive into the factors behind these trends and explore whether this rally has legs to stand on or if it's just a fleeting fancy. Gold's Resilient Rally Amid Market Volatility
 The Golden Standard: Still the Shiny Showstopper? Gold has long been the go-to safe-haven asset, and its recent performance confirms its lasting appeal. As of June 12, 2024, gold futures for August delivery are trading at ₹71,594 per 10 grams on the Multi Commodity Exchange (MCX). In the international market, spot gold is hovering slightly above $2,300 per ounce, marking a 12% increase year-to-date, though it's still 6% below its record high.

After the release of thenon-farm data in the United States, it caused large fluctuations in the market. Let's talk about the data itself first. Before the release of the data, there was a usually inconspicuous data, which was the data on China's gold reserves. Since China has continued to increase its gold holdings in the past 18 months, the market before the release of the data It is not believed that the data has changed too much, but the result is that China did not increase its holdings of gold in May. After the release of the data, the price of gold plummeted. After the release of the unexpected non-farm data, the market's expectations for the Fed's interest rate cut fell again, making other commodities begin correction accordingly.The impact on precious metalsChina's gold reserves no

Yes cheers to great dtart

Overview On June 5, 2024, I initiated an options strategy by selling two put contracts on GOLD $Barrick Gold Corp(GOLD)$  with a strike price of USD 16 and a maturity date of July 12, 2024. For this transaction, I collected an option premium of USD 35 per contract. This decision was influenced by several market conditions and strategic considerations. Market Conditions and Rationale Rising Gold Prices Gold prices have been on an upward trajectory due to geopolitical uncertainties. The ongoing wars and geopolitical tensions have significantly increased demand for gold as a safe-haven asset. This consistent demand suggests a stable or rising price for gold in the near term, making the likelihood of the price dropping below the strike price of

From April to early May, after the price of gold hit a record high, it began to enter a shock adjustment.Three major factors lead to short-term adjustment of goldSince late May, gold has undergone significant adjustments. The adjustment pressure mainly comes from three aspects: First, the risk aversion sentiment has cooled recently, and the US dollar liquidity problem that the market was worried about has not yet appeared. However, the safe-haven demand for gold has not yet increased. Since late May, the price of gold has adjusted sharply, but the VIX index, which reflects market panic, has not risen sharply, and remained at a low level of 13.11 as of June 3. Looking back at history, the VIX index broke through 20 to correspond to panic in the market, and the price of gold will be boosted

The tepid foreign exchange market in the first half of the year continued the pattern of wide fluctuations since the end of 2022. Except for the yen, most varieties cannot really make breakthroughs. However, as the saying goes, a long time must be combined, and a long time must be divided, the foreign exchange market is gradually approaching the real outbreak as time goes on. Even if there may not be an explosion immediately, the opportunity to obtain a trending market in the next 6 months still deserves our due attention or advance planning now.As we all know, although the US Dollar Index is an associated product (the result recorded after the US dollar is weighted against other different foreign exchange varieties), it still has a very good reference value. As shown in the figure below,

Hello everyone! Today i want to share some macro analysis with you!1. $XAU/USD(XAUUSD.FOREX)$ $Gold - main 2408(GCmain)$ The Federal Reserve's interest rate swaps show that the Fed will accelerate the pace of interest rate cuts in 2024. Nick Timiraos, the "Federal Reserve mouthpiece": The imbalance in the U.S. labor market continues to ease. Job vacancies fell below 8.1 million in April, and the job vacancy-to-unemployment ratio fell to 1.24, reaching the level of October 2019.Image2.Trading day Tuesday (June 4): International gold/London gold fell back after encountering resistance, and still fluctuated under pressure below the middle track. Therefore, before breaking through the middle track

Overview: Recent data from the United States indicating an economic slowdown has influenced investor sentiment, leading to a decrease in gold prices. With heightened expectations that the Federal Reserve may need to cut interest rates sooner than anticipated, the demand for safe-haven assets like gold has decreased. This report delves into the factors affecting gold prices and provides an outlook on future movements. Economic Data and Gold Prices U.S. Economic Data Impact Recent reports from the U.S. Department of Labor revealed that job vacancies in April show signs of a slowing job market. Additionally, revised figures for April's durable goods orders indicated a month-over-month growth of 0.6%, slightly lower than the previous 0.7% increase. These data points have heightened concerns

Overview Gold prices rallied 1% on Tuesday, June 4, 2024, as signs of a weakening US economy fueled expectations of an interest rate cut by the Federal Reserve. Key Points  * US economic indicators: Mixed data, with retail sales holding steady but heavy truck sales and services suggesting a slowdown.  * ISM manufacturing activity index: Declined for the second consecutive month, signaling a cooling economy.  * Construction spending: Unexpectedly fell for the second straight month.  * Dollar and bond yields: Declined, making gold more attractive as an investment.  * Market expectations: Traders see a 59% chance of a Fed rate cut in September. Outlook and Insights Gold's upward trend is likely to continue in the long term, driven by factors such as geopolitical tensi

Overview Gold prices have demonstrated significant resilience and upward momentum in recent months, driven by growing economic uncertainties and increasing demand for safe-haven assets. This report examines the latest trends in gold prices, factors influencing the market, and insights into future movements based on recent data from the World Gold Council and other sources. Top Global Gold Reserves The World Gold Council recently released the latest rankings for gold reserves in the first quarter of 2024. The top three countries holding the largest gold reserves are the United States, Germany, and Italy. Specifically, the United States leads with 8,133.46 metric tons of gold, valued at approximately $579 billion. Germany follows with 3,352.65 metric tons (about $238.6 billion), and Italy h

Hello everyone! Today I want to share some macro analysis with you!1. $XAU/USD(XAUUSD.FOREX)$ $Gold - main 2408(GCmain)$ has started the defense of 2300? After the wash-out trend of the US market on Friday, the direction of gold has been opened. Now the weak and volatile trend of gold is obvious. Three tops have been formed near 2360. Multiple pressures from above may suppress the rise of gold again. The possibility of a sharp drop in gold is very high. The support below can first focus on the competition near the D1 low point of 2320. Before the effective break, follow the trend to see the shock. After the break, the bottom may fall again to the previous low of 2309, or even the 2300 mark. Th

Overview Gold prices saw a slight decline last week despite earlier positive momentum driven by interest rate cut expectations. Market reactions to U.S. inflation data contributed to the price adjustments. Meanwhile, silver and other precious metals also experienced significant movements, reflecting broader market sentiment and economic factors. Gold Price Movements Gold prices have been on a rollercoaster, experiencing both highs and lows. Despite a 0.7% drop to $2,326.90 per ounce for spot gold and a 0.9% decrease to $2,345.80 per ounce for gold futures by the end of last week, the precious metal still marked a 1.8% increase in May. This was highlighted by a record high of $2,449.89 per ounce on May 20th. New York independent metals trader Huang Tai (translated) noted, "Despite the posi

Overview of the Investment Strategy On May 31, 2024, I initiated a vertical put option strategy on Barrick Gold Corporation (GOLD) $Barrick Gold Corp(GOLD)$   with a maturity date of July 19, 2024. Specifically, I sold put options at a strike price of USD 17 and bought put options at a strike price of USD 16, collecting an option premium of USD 33 per contract. This strategy aims to capitalize on the stable or bullish outlook for Barrick Gold’s stock price over the specified period. Rationale Behind the Strategy: Barrick Gold’s Strong Fundamentals Barrick Gold Corporation is a prominent player in the global gold mining industry, known for its vast reserves, efficient operations, and sustainable mining practices. In addition to gold, Ba

Hello everyone! Today i want to share some macro analysis!!1. $XAU/USD(XAUUSD.FOREX)$ $Gold - main 2408(GCmain)$ Last trading day, Thursday (May 30): International gold/London gold rebounded and closed higher in a bottoming-out manner. There is a certain expectation of stopping the decline in the short term, but the weekly and monthly charts still suggest that there will be a large correction and space. Pay attention to today's closing situation. In terms of specific trends, the gold price opened at $2337.91/ounce in the Asian market, and first went down, recording an intraday low of $2322.62 at 13:30 in the afternoon, and then bottomed out and rebounded, maintaining a volatile upward developm

U.S. bond yields rebounded as market expectations for a Fed rate cut cooled again and indicators such as U.S. manufacturing improved in April. As of May 24, the 2-year U.S. bond yield, which is sensitive to monetary policy, rose slightly to 4.93%. It had previously climbed to 4.98% on April 18, the highest record for the year, and it was 3.89% in the same period last year; The 10-year U.S. bond yield, which reflects the outlook for U.S. economic growth, rose slightly by 4.46%. It had previously hit a record high of 4.7% this year on April 25, compared with 3.38% in the same period last year.We believe that the short-term economic outlook of the United States is confusing. Although inflation expectations have cooled, the inflation stickiness brought about by the service industry has caused

Overview Gold prices $XAU/USD(XAUUSD.FOREX)$   have experienced a slight decline as investors turn their attention to upcoming U.S. economic indicators that could influence the Federal Reserve’s interest rate decisions. Spot gold dipped by 0.2% to $2,327.52 per ounce, and U.S. gold futures mirrored this trend, falling to $2,339.90. This movement follows a notable sell-off last Friday, where gold dropped over 1% amid a surge in the U.S. dollar, driven by improved business activity and employment data. Key Factors Impacting Gold Prices Technical Signals and Short-Term Bearish Sentiment According to Kelvin Wong, a senior market analyst at OANDA, technical indicators for gold in the short-term are currently not favorable. Last Frida

Expectations and timing changes about the Fed's interest rate cuts have become the main factors for recent market fluctuations, and related core US data have also attracted wide attention. Interestingly, although the risk appetite has not improved significantly, the US stock market, gold and Bitcoin have recently shown a certain degree of divergence.Gold's Second BottomGold refreshed its previous high in May, but then there was a continuous decline. Although it rebounded due to the rapid development of silver, our previous content also predicted a possible rebound and then a fall. The previous round of adjustment lows at 2285 may still be used as the target of short sellers, thus forming a platform model, followed by a new wave of rising prices.Although the point is not far away, this does

Overview Gold prices have shown a slight decline at the start of the week as the market anticipates upcoming U.S. economic data and further guidance from the Federal Reserve on interest rates. After a significant uptick on Friday, spot gold eased by 0.5% to $2,321.11 per ounce by early Monday trading, while U.S. gold futures dipped 0.6% to $2,335.30. The recent stabilization in inflation has bolstered hopes for a rate cut by the Fed later in the year, influencing gold's price movements. Gold's Brief Decline Following Friday's Surge Unwinding Friday’s Gains Monday's drop in gold prices appears to be a correction following the 1% rise seen on Friday. Kyle Rodda, a financial market analyst at Capital.com, notes that this minor retreat is likely a natural pullback after last week’s gains, whi

Overnight, the much-anticipated Federal Reserve's June interest rate meeting debuted. The Federal Reserve announced in the early hours of June 13, 2024, Beijing time that it would continue to maintain the target range for Federal Funds rate between 5.25% and 5.50%.This is the seventh consecutive time rates have been kept unchanged since September last year.The Fed's decision was in line with market expectations.Since March 2022, the Federal Reserve has conducted 11 rate hike, ranging from 25 basis points at the beginning to 50 basis points later, and 75 basis points for 4 consecutive times. After the subsequent rate hike gradually slowed down, so far rate hike has been suspended 7 times in a row, choosing to stay on hold. The market generally expects the Fed's next move to cut interest rat

Overview As U.S. inflation shows signs of easing, the market's anticipation of a potential interest rate cut by the Federal Reserve has increased, leading to a significant rise in gold prices. Over the past week, spot gold has surged by more than 1%, reflecting renewed investor interest in the precious metal. This report delves into the recent movements in gold prices, examines the factors driving these changes, and provides an outlook on future trends. Gold Prices Rally on Rate Cut Hopes On Friday, spot gold prices climbed by 1.25%, reaching $2,332.55 per ounce. In contrast, gold futures closed down by 1.3%, settling at $2,349.10 per ounce. This disparity between spot and futures prices highlights the dynamic nature of gold trading and investor sentiment in the current market. According

In recent months, the commodities market has been buzzing louder than a beehive at a honey convention, with gold, silver, and copper prices climbing to impressive heights. Let's dive into the factors behind these trends and explore whether this rally has legs to stand on or if it's just a fleeting fancy. Gold's Resilient Rally Amid Market Volatility
 The Golden Standard: Still the Shiny Showstopper? Gold has long been the go-to safe-haven asset, and its recent performance confirms its lasting appeal. As of June 12, 2024, gold futures for August delivery are trading at ₹71,594 per 10 grams on the Multi Commodity Exchange (MCX). In the international market, spot gold is hovering slightly above $2,300 per ounce, marking a 12% increase year-to-date, though it's still 6% below its record high.

After the release of thenon-farm data in the United States, it caused large fluctuations in the market. Let's talk about the data itself first. Before the release of the data, there was a usually inconspicuous data, which was the data on China's gold reserves. Since China has continued to increase its gold holdings in the past 18 months, the market before the release of the data It is not believed that the data has changed too much, but the result is that China did not increase its holdings of gold in May. After the release of the data, the price of gold plummeted. After the release of the unexpected non-farm data, the market's expectations for the Fed's interest rate cut fell again, making other commodities begin correction accordingly.The impact on precious metalsChina's gold reserves no

From April to early May, after the price of gold hit a record high, it began to enter a shock adjustment.Three major factors lead to short-term adjustment of goldSince late May, gold has undergone significant adjustments. The adjustment pressure mainly comes from three aspects: First, the risk aversion sentiment has cooled recently, and the US dollar liquidity problem that the market was worried about has not yet appeared. However, the safe-haven demand for gold has not yet increased. Since late May, the price of gold has adjusted sharply, but the VIX index, which reflects market panic, has not risen sharply, and remained at a low level of 13.11 as of June 3. Looking back at history, the VIX index broke through 20 to correspond to panic in the market, and the price of gold will be boosted

Hello everyone! Today i want to share some macro analysis with you!1. $XAU/USD(XAUUSD.FOREX)$ $Gold - main 2408(GCmain)$ The Federal Reserve's interest rate swaps show that the Fed will accelerate the pace of interest rate cuts in 2024. Nick Timiraos, the "Federal Reserve mouthpiece": The imbalance in the U.S. labor market continues to ease. Job vacancies fell below 8.1 million in April, and the job vacancy-to-unemployment ratio fell to 1.24, reaching the level of October 2019.Image2.Trading day Tuesday (June 4): International gold/London gold fell back after encountering resistance, and still fluctuated under pressure below the middle track. Therefore, before breaking through the middle track

Overview On June 5, 2024, I initiated an options strategy by selling two put contracts on GOLD $Barrick Gold Corp(GOLD)$  with a strike price of USD 16 and a maturity date of July 12, 2024. For this transaction, I collected an option premium of USD 35 per contract. This decision was influenced by several market conditions and strategic considerations. Market Conditions and Rationale Rising Gold Prices Gold prices have been on an upward trajectory due to geopolitical uncertainties. The ongoing wars and geopolitical tensions have significantly increased demand for gold as a safe-haven asset. This consistent demand suggests a stable or rising price for gold in the near term, making the likelihood of the price dropping below the strike price of

The tepid foreign exchange market in the first half of the year continued the pattern of wide fluctuations since the end of 2022. Except for the yen, most varieties cannot really make breakthroughs. However, as the saying goes, a long time must be combined, and a long time must be divided, the foreign exchange market is gradually approaching the real outbreak as time goes on. Even if there may not be an explosion immediately, the opportunity to obtain a trending market in the next 6 months still deserves our due attention or advance planning now.As we all know, although the US Dollar Index is an associated product (the result recorded after the US dollar is weighted against other different foreign exchange varieties), it still has a very good reference value. As shown in the figure below,

Hello everyone! Today I want to share some macro analysis with you!1. $XAU/USD(XAUUSD.FOREX)$ $Gold - main 2408(GCmain)$ has started the defense of 2300? After the wash-out trend of the US market on Friday, the direction of gold has been opened. Now the weak and volatile trend of gold is obvious. Three tops have been formed near 2360. Multiple pressures from above may suppress the rise of gold again. The possibility of a sharp drop in gold is very high. The support below can first focus on the competition near the D1 low point of 2320. Before the effective break, follow the trend to see the shock. After the break, the bottom may fall again to the previous low of 2309, or even the 2300 mark. Th

Overview: Recent data from the United States indicating an economic slowdown has influenced investor sentiment, leading to a decrease in gold prices. With heightened expectations that the Federal Reserve may need to cut interest rates sooner than anticipated, the demand for safe-haven assets like gold has decreased. This report delves into the factors affecting gold prices and provides an outlook on future movements. Economic Data and Gold Prices U.S. Economic Data Impact Recent reports from the U.S. Department of Labor revealed that job vacancies in April show signs of a slowing job market. Additionally, revised figures for April's durable goods orders indicated a month-over-month growth of 0.6%, slightly lower than the previous 0.7% increase. These data points have heightened concerns

Overview Gold prices have demonstrated significant resilience and upward momentum in recent months, driven by growing economic uncertainties and increasing demand for safe-haven assets. This report examines the latest trends in gold prices, factors influencing the market, and insights into future movements based on recent data from the World Gold Council and other sources. Top Global Gold Reserves The World Gold Council recently released the latest rankings for gold reserves in the first quarter of 2024. The top three countries holding the largest gold reserves are the United States, Germany, and Italy. Specifically, the United States leads with 8,133.46 metric tons of gold, valued at approximately $579 billion. Germany follows with 3,352.65 metric tons (about $238.6 billion), and Italy h

Hello everyone! Today i want to share some macro analysis!!1. $XAU/USD(XAUUSD.FOREX)$ $Gold - main 2408(GCmain)$ Last trading day, Thursday (May 30): International gold/London gold rebounded and closed higher in a bottoming-out manner. There is a certain expectation of stopping the decline in the short term, but the weekly and monthly charts still suggest that there will be a large correction and space. Pay attention to today's closing situation. In terms of specific trends, the gold price opened at $2337.91/ounce in the Asian market, and first went down, recording an intraday low of $2322.62 at 13:30 in the afternoon, and then bottomed out and rebounded, maintaining a volatile upward developm

U.S. bond yields rebounded as market expectations for a Fed rate cut cooled again and indicators such as U.S. manufacturing improved in April. As of May 24, the 2-year U.S. bond yield, which is sensitive to monetary policy, rose slightly to 4.93%. It had previously climbed to 4.98% on April 18, the highest record for the year, and it was 3.89% in the same period last year; The 10-year U.S. bond yield, which reflects the outlook for U.S. economic growth, rose slightly by 4.46%. It had previously hit a record high of 4.7% this year on April 25, compared with 3.38% in the same period last year.We believe that the short-term economic outlook of the United States is confusing. Although inflation expectations have cooled, the inflation stickiness brought about by the service industry has caused

Overview Gold prices saw a slight decline last week despite earlier positive momentum driven by interest rate cut expectations. Market reactions to U.S. inflation data contributed to the price adjustments. Meanwhile, silver and other precious metals also experienced significant movements, reflecting broader market sentiment and economic factors. Gold Price Movements Gold prices have been on a rollercoaster, experiencing both highs and lows. Despite a 0.7% drop to $2,326.90 per ounce for spot gold and a 0.9% decrease to $2,345.80 per ounce for gold futures by the end of last week, the precious metal still marked a 1.8% increase in May. This was highlighted by a record high of $2,449.89 per ounce on May 20th. New York independent metals trader Huang Tai (translated) noted, "Despite the posi

Overview of the Investment Strategy On May 31, 2024, I initiated a vertical put option strategy on Barrick Gold Corporation (GOLD) $Barrick Gold Corp(GOLD)$   with a maturity date of July 19, 2024. Specifically, I sold put options at a strike price of USD 17 and bought put options at a strike price of USD 16, collecting an option premium of USD 33 per contract. This strategy aims to capitalize on the stable or bullish outlook for Barrick Gold’s stock price over the specified period. Rationale Behind the Strategy: Barrick Gold’s Strong Fundamentals Barrick Gold Corporation is a prominent player in the global gold mining industry, known for its vast reserves, efficient operations, and sustainable mining practices. In addition to gold, Ba

Overview Gold prices held steady on Tuesday as the dollar eased, and investors looked forward to key U.S. inflation data that could provide clues on the Federal Reserve's next steps regarding interest rates. The market's focus on upcoming economic indicators, especially the core personal consumption expenditures price index (PCE), reflects the current cautious sentiment among traders. Gold Prices and Dollar Movements Spot Gold Performance As of 0350 GMT, spot gold was flat at US$2,350.85 per ounce after a 1% rise in the previous session. U.S. gold futures also saw an increase, rising 0.8% to US$2,352.00. The gold market's current stability can be attributed to a slight easing in the dollar, which traditionally moves inversely to gold prices. Analyst Insights Kelvin Wong, a senior market

The macro background of the current financial market has undergone fundamental changes. The monetary policies of the two major economies of China and the United States are moving in a monetary loosening direction. Whether it is negotiated or purely coincidental, the introduction of this policy will never end in a short period of time. For commodities, inflation sentiment will It will gradually increase. Therefore, when precious metals adjust, agricultural products will rise in succession, so everyone must be clear about the current investment rhythm.1. Agricultural products enter a rising monthJune is a critical month for U.S. soybeans and U.S. corn. The acreage report will be released at the end of the month. At the same time, North American planting will also be affected by the wind, wat