Analysis of gold trend in June.
Atualizado
On June 4, Tuesday, in the early Asian session, it was reported at $2,332.41 per ounce. It rose nearly 1% on Monday to close at $2,350.28 per ounce, as weaker-than-expected U.S. economic data solidified expectations that the Federal Reserve will cut interest rates later this year, driving down the dollar and bond yields, helping gold prices rebound from near the 55-day moving average.
News interpretation: Because the weaker-than-expected U.S. PMI data increased the Fed's expectations of a rate cut, the spot strengthened, reaching a high of 2354.72, and rose by more than 1% during the day, and finally closed up 1% at 2350.20/ounce. The weak performance of recent data has begun to support investors' views that the Fed will start to cut interest rates in about three months. The main U.S. economic data this week will be the May employment data on Friday, and the May consumer price inflation report on June 12 will be the next major focus. I think if the non-farm payrolls increase by 150,000 or less in May, this may trigger a sell-off in the U.S. dollar, prompting gold prices to turn upward. An increase between 200,000 and 250,000 may be seen as a "good enough" number, and the Fed can continue to focus on inflation dynamics without having a long-term impact on the valuation of the U.S. dollar.
Analysis of gold trend: From the daily line, gold was basically in a volatile market last week. It failed to break through the two attacks of 2360-2365 US dollars on Tuesday and Friday. This shows that there is strong resistance in the 2360-2365 US dollar area. Here, the market below is dominated by shorts. If it breaks upward, there will be room for bulls to rise. It is necessary to pay attention to the 2400 mark and the historical high area before falling again. In terms of support, 2300 US dollars, 60-day moving average, and the last wave of bulls' rise point of 2280-75 US dollars are the focus.
Gold continued to fall and break the bottom in the Asian session. The price formed a double-needle bottom near 2314. There was no second decline in the European session, and the rebound broke the early high of 2330. Gold continued to rebound upward in the evening, and the high touched 2345. At the 4-hour level, gold is still in a volatile downward trend. Gold broke a new low during the day but did not form a unilateral decline, and it still returned to the oscillation range. The market trend is circuitous and volatile. You can make profits by operating high and low. Short-term operations during the day are mainly low and high, and rebound high and high are supplementary.
News interpretation: Because the weaker-than-expected U.S. PMI data increased the Fed's expectations of a rate cut, the spot strengthened, reaching a high of 2354.72, and rose by more than 1% during the day, and finally closed up 1% at 2350.20/ounce. The weak performance of recent data has begun to support investors' views that the Fed will start to cut interest rates in about three months. The main U.S. economic data this week will be the May employment data on Friday, and the May consumer price inflation report on June 12 will be the next major focus. I think if the non-farm payrolls increase by 150,000 or less in May, this may trigger a sell-off in the U.S. dollar, prompting gold prices to turn upward. An increase between 200,000 and 250,000 may be seen as a "good enough" number, and the Fed can continue to focus on inflation dynamics without having a long-term impact on the valuation of the U.S. dollar.
Analysis of gold trend: From the daily line, gold was basically in a volatile market last week. It failed to break through the two attacks of 2360-2365 US dollars on Tuesday and Friday. This shows that there is strong resistance in the 2360-2365 US dollar area. Here, the market below is dominated by shorts. If it breaks upward, there will be room for bulls to rise. It is necessary to pay attention to the 2400 mark and the historical high area before falling again. In terms of support, 2300 US dollars, 60-day moving average, and the last wave of bulls' rise point of 2280-75 US dollars are the focus.
Gold continued to fall and break the bottom in the Asian session. The price formed a double-needle bottom near 2314. There was no second decline in the European session, and the rebound broke the early high of 2330. Gold continued to rebound upward in the evening, and the high touched 2345. At the 4-hour level, gold is still in a volatile downward trend. Gold broke a new low during the day but did not form a unilateral decline, and it still returned to the oscillation range. The market trend is circuitous and volatile. You can make profits by operating high and low. Short-term operations during the day are mainly low and high, and rebound high and high are supplementary.
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Gold operation suggestions:1. Go short once when it reaches 2348, and go long again when it pulls back to around 2330;
2. Go long when it pulls back to around 2330, sl2322, and the upper target is 2358 short-term target.
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This line may rebound.Trade ativo
Today's transaction has been successfully profitable.Trade ativo
Today has been profitable, there is no good time to trade at the moment, I wish you all a nice night
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