After skyrocketing, gold is forced to short, brewing a second decline!
Since President Trump took office, gold has been greatly influenced by Trump's remarks, and Trump has single handedly disrupted global financial markets.
The collapse of the US Ukraine talks, the shadow cast by the Russia Ukraine talks, and Trump's indiscriminate tax hikes have been met with joint countermeasures from Canada, Mexico, and China. In recent trading days, the market has been betting on the impact of the Federal Reserve's May interest rate cut. Affected by the above, gold hit bottom and rebounded last Friday, and rose sharply for two consecutive days this week, reaching a high of 2928 yuan; Last week's peak of 2956 plummeted to 2832. The largest drop was $124. Judging from last night's peak of 2928, the bulls have recovered the majority of last week's decline.
Gold fluctuated at 2895 in the Asian session yesterday, while in the European session, it held the long short divide of 2880-78 and quickly broke through 2895 before the bulls saw an upward trend. In the US session, there was a slight surge and pressure from last Wednesday's high of 2930, a drop of 2900 before rebounding again. The daily closing was close at around 2916, with two consecutive bullish days; Recently, yin and yang have been constantly changing. Today, pay attention to turning yin.


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