$Gold - main 2606(GCmain)$Gold prices rebounded sharply from their intraday lows on Thursday (May 21), primarily driven by a plunge in oil prices triggered by news related to the US-Iran agreement. Additionally, a pullback in the US dollar and a decline in US Treasury yields also contributed to the gold price rebound. Gold prices recovered in the middle of Thursday's North American trading session after Al Arabiya reported that Pakistani mediators had reached an agreement on a final draft of the US-Iran deal, scheduled for release within hours. During Thursday's New York session, gold prices rebounded sharply from their intraday low of $4488.21, briefly approaching $4560 per ounce. At the close of trading on Thursday, gold was

$Gold - main 2606(GCmain)$$XAU/USD(XAUUSD.FOREX)$ The market action was a rollercoaster ride, catching many investors by surprise! On the H1 chart, gold formed a typical “second dip” followed by a failed “W-bottom” (double bottom) pattern, resulting in a pullback within a trading range. This pattern has not yet confirmed a reversal; instead, it has evolved into a pullback from resistance within a low-range trading band (4510–4585). As short-term bullish momentum has faded and bears have regained the upper hand, prices are now seeking support near the cluster of moving averages or the secondary support level around $4,510. In the upcoming New York session, the pr

Hello everyone! Today i want to share some macro analysis with you! 1 Technical Analysis: Gold's short-term bearish momentum has strengthened. The MACD indicator has entered below the zero line, indicating a bearish short-term market sentiment, while the RSI indicator continues to decline, suggesting weakening bullish buying pressure. Gold has successfully broken below 4500 and is currently undergoing a technical rebound. The key resistance level for the day is at $4565-70. Further declines are expected today, so a sell-only strategy is recommended.$Gold - main 2606(GCmain)$$XAU/USD(XAUUSD.FOREX)$ Strategy: Sell: $4554-58 TP: $4515-4510 SL: $4570 (Adjust accordi

$Gold - main 2606(GCmain)$$XAU/USD(XAUUSD.FOREX)$Gold prices fluctuated and fell slightly for the second consecutive trading day, closing down about 0.56% at $4,688.71 per ounce on Wednesday (May 13). The US producer price index (PPI) rose by the largest amount since early 2022 in April, coupled with escalating consumer inflation, essentially shattering market expectations for a Federal Reserve rate cut this year and even starting to price in a possible rate hike next year. India raised its gold import tariff from 6% to 15%, further dampening demand. A stronger dollar, rising US Treasury yields, and the stock market's ability to attract funds all contributed to

$Gold - main 2606(GCmain)$$XAU/USD(XAUUSD.FOREX)$The gold market experienced significant volatility on Tuesday (May 12). Spot gold initially surged to a three-week high of $4773.37 in early trading, before weakening and hitting a low of around $4638.40 after the release of strong US CPI data, ultimately closing at $4715.07, down approximately 0.4%. US gold futures fell 0.9% to $4686.70. While this appears to be a short-term correction, it actually reflects the combined pressures of soaring oil prices, persistent inflation, and interest rate expectations, which are reshaping the investment logic for gold. On Wednesday (May 13), spot gold traded in a narrow range

Gold prices reversed course and rose on Monday (May 11), ultimately closing higher as investors closely watched developments in US-Iran diplomacy and awaited key US inflation data later this week. Spot gold closed at $4734.73 on Monday, up 0.41% on the day, after earlier plunging more than 1%. What happened to gold prices?$Gold - main 2606(GCmain)$ During Asian trading on Monday, spot gold prices initially fell to a low of $4647.88 per ounce due to rising oil prices following weekend news of renewed tensions between the US and Iran. However, gold prices subsequently rebounded during European and American trading sessions, briefly approaching $4750 per ounce. US President Trump's latest statement that the ceasefire agreement wit

Hello everyone! Today i want to share some macro analysis with you! Technical Analysis:$Gold - main 2606(GCmain)$$XAU/USD(XAUUSD.FOREX)$ Gold prices may consolidate further, trapped between key technical resistance and support levels. The Relative Strength Index (RSI) indicates that momentum remains flat. Although the RSI is trending bullish, it is currently in a sideways consolidation phase. On the upside, gold prices broke through the 50-day Simple Moving Average (SMA) at $4769 in early Asian trading, reaching a high near $4773.4! The next target is expected to be the psychological resistance level of $4800! On the downside, the first support level for gold is

Gold prices fell sharply in early Asian trading on Monday (May 11), as Bloomberg reported that the decline was triggered by US President Donald Trump's rejection of Iran's latest peace proposal to end the 10-week-long conflict that has blocked the Strait of Hormuz. Bloomberg stated that Trump's move exacerbated inflation concerns as the weekend clashes in the Middle East threatened an already fragile ceasefire. Spot gold was trading near $4,670 per ounce, having risen about 2% last week. The peace process suffered another setback after Trump called Iran's latest response to his proposal to end the conflict "completely unacceptable." This setback could keep inflation risks high and strengthen market expectations for interest rate hikes, thus putting pressure on non-yielding gold. Gold price

Hello everyone! Today i want to share some macro analysis with you! $XAU/USD(XAUUSD.FOREX)$$Gold - main 2606(GCmain)$ On Friday (May 8), the U.S. Bureau of Labor Statistics released its April non-farm payrolls report. Data showed that the U.S. added 115,000 non-farm jobs in April, significantly higher than the market expectation of approximately 55,000-65,000; the March figure was revised upward from the initial 178,000 to 185,000, while the February figure was revised downward. The unemployment rate remained stable at 4.3%, in line with expectations. Average hourly earnings rose 0.2% month-over-month, slightly below expectations. Prior to the data release, the

$Gold - main 2606(GCmain)$prices continued their recent downward trend on Wednesday (April 29), falling as much as 1.17% to close at $4,543 per ounce. During the session, it even touched a low of $4,510.21, the lowest point in a month since late March. Meanwhile, US gold futures also suffered, settling down 1% at $4,561.50. This marks the second consecutive trading day of decline for gold, with market sentiment shifting abruptly from relative optimism a few weeks ago to caution and even pessimism. The Federal Reserve's hawkish interest rate decision, ongoing conflicts in the Middle East, a sharp rise in oil prices, and renewed inflation concerns have largely eliminated market expectations for a Fed rate cut this year, while exp

Hello everyone! Today i want to share some trading ideas with you! 1 Technical Analysis: $Gold - main 2606(GCmain)$$XAU/USD(XAUUSD.FOREX)$ On the daily chart, gold continues to consolidate at elevated levels with an upward bias. Prices are trading above the major moving average system, indicating that the overall trend remains bullish. The $4,550 level serves as a key support zone, while $4,650 acts as a significant short-term resistance zone. A decisive break above this level could open up further upside potential. Looking at momentum indicators, while bullish momentum remains dominant, there are signs of a marginal slowdown, suggesting a decline in willingness

Hello everyone! Today i want to share some macro analysis with you! $Gold - main 2606(GCmain)$Gold fell 0.50% on Monday, closing at $4682.76. The pullback in gold prices mainly reflected a market reassessment of geopolitical risks and inflationary pressures. With no substantial progress in the US-Iran conflict, tight energy supplies pushed up oil prices, keeping inflation expectations high and further limiting the Federal Reserve's room for short-term interest rate cuts, putting pressure on non-yielding assets. In this environment, market uncertainty about the economic outlook has increased, supporting gold's medium-term safe-haven value, but in the short term, it will continue to be influenced by interest rate expectations and

Hello everyone! Today i want to share some macro analysis with you! Spot gold weakened slightly in early trading on Monday (April 27), falling as much as 0.65% to $4,672.20, as the US-Iran peace talks stalled, oil prices jumped more than 2% on Monday, inflation concerns resurfaced, expectations for a Fed rate hike this year rose slightly, and the US dollar index rose slightly, all putting pressure on gold prices. While the market continues to focus on further developments in the Middle East, its attention is shifting more towards this week's Fed rate decision. Prior to this, this week will also see rate decisions from the European Central Bank, the Bank of England, and the Bank of Japan. In addition, this week will also see the release of key US data, including first-quarter GDP and March

First of all, wishing everyone a happy weekend!Currently, gold prices are in a stalemate between bulls and bears, at a crucial juncture. The weekly chart maintains a range-bound structure; the MACD bullish momentum is weakening but has not yet formed a death cross, requiring a breakout at key levels to clarify the trend. The daily chart trend has shifted from strong to weak, with prices breaking below short-term moving averages, and the MACD showing signs of a death cross, indicating that bearish momentum is being released. On the 4-hour chart, gold prices are within a short-term downward channel, with rebounds repeatedly capped by the Bollinger Middle Band, exhibiting a "lower highs, more stable lows" range-bound structure with a slight downward bias. The MACD shows no significant volume

Hello everyone! Today i want to share some macro analysis with you! 1 $Gold - main 2606(GCmain)$The fluctuating expectations of a Fed rate cut and slight volatility in the dollar and US Treasury yields have put temporary downward pressure on gold prices, leading to a continuation of the correction. However, geopolitical tensions in the Middle East remain high: US Vice President Vance made an emergency flight to Islamabad, Pakistan, with a clear objective—to restart negotiations and stabilize the situation before the temporary ceasefire between the US and Iran expires. This short-term correction is merely a consolidation phase within an upward trend! Gold continued its consolidation in Asian trading on Tuesday, touching the resi

$Gold - main 2606(GCmain)$International gold prices opened sharply lower on Monday (April 20th), falling by more than $60 at one point by 7:30 AM, a drop of 1.5%, reaching a low of around $4760. This sharp correction completely reversed Friday's strong performance, mainly due to the sudden deterioration of the situation in the Middle East over the weekend: the Strait of Hormuz was closed again, the US military fired on and seized Iranian merchant ships in the Gulf of Oman, and Iran explicitly refused to participate in the second round of US-Iran negotiations, vowing to respond and retaliate. This series of events not only increased global energy risks but also exacerbated market concerns about inflation, significantly dampening