Gold: Where is the bottom?
① In the medium to long term, as expectations of interest rate cuts rise, the demand for safe haven gold continues to increase.
② The unstable factors in other parts of the world also provide support for gold.
③ The policy uncertainty of the Trump administration has also increased the safe haven demand for gold.
At present, the fundamentals of gold are mainly bullish. Today, investors are paying attention to the 4-hour uptrend line below to support the 2688 area. After the gold correction stabilizes, they will buy long.
① According to data from the US Commodity Futures Trading Commission (CFTC) and the Intercontinental Exchange (ICE), speculators' bullish sentiment towards Brent crude oil has increased.
② The determination of OPEC+to reduce production is to support the market and avoid excessive price drops.
③ The risk of sanctions on Russian crude oil exports has intensified market concerns about supply disruptions.
The current bullish trend in the crude oil market is driven by multiple factors such as sanctions, geopolitics, economic data and demand expectations, OPEC+production capacity, and market speculation. Therefore, investors are paying attention to the support area of the 4-hour uptrend line below crude oil today. After the crude oil correction stabilizes, they will buy more crude oil.
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