Under the dual killing of supply and demand, may oil prices fall for five consecutive weeks and return to the bearish range?
US crude oil continued its decline during the Asian trading session, trading around $69.03 per barrel. Fundamentally, there is a demand outlook for hawkish interest rate cuts by the Federal Reserve, while expectations of further easing are slowing down, which is not conducive to the strengthening of oil prices.…
- 2024-12-20
Gold remains weak, rebounding by 2605 and continuing to short sell
Yesterday, gold stabilized and rose at 2583 in the morning session, and continued to rise in the Asian session, reaching a high of around 2627. Subsequently, the decline began to be hindered, and the US market continued to decline…
- 2024-12-20
Gold falls weakly, 2626 short sellers
The standard downward trend is that the price of gold in a 4-hour cycle gradually decreases with each wave. At the same time, the moving average also plays a role in suppressing the gold price. …
- 2024-12-20
Buy more gold at 2592 current price
The daily level of gold is still in the form of a double bottom, and the downward trend has basically stabilized. Overnight gold is volatile, with a back and forth fluctuation of 30 points being a normal trend. Currently, there is also obvious support around 2580, which is buy long, that is, buy long directly at 2592.…
- 2024-12-20
The US dollar is unparalleled! Gold and Silver are Not Beautiful "18 Road Smoke and Dust“
The view given by the US dollar index yesterday is that the US dollar index is resistant to decline at a high level, retraces to support, and continues to maintain a bullish upward trend; The US dollar index has retraced to support 107.5-108 and is currently at a sustained high;…
- 2024-12-20
12.20 Short term trading strategy for foreign exchange currencies
Technically speaking, the US dollar index encountered resistance on Thursday when it rose below 108.50, and was supported when it fell above 107.80, indicating that the US dollar may maintain its upward trend after a short-term decline. …
- 2024-12-20
US data consolidates the hawkish stance of the Federal Reserve, and gold prices are expected to hit the 200 day moving average in the future?
On Friday (December 20th) morning trading in the Asian market, spot gold fluctuated narrowly and is currently trading around $2593.38 per ounce. The rebound of gold price on Thursday was blocked and then fell back.…
- 2024-12-20
