Charlie_Senior_Analyst

Charlie_Senior_Analyst

The public strategic thinking repeatedly emphasized going long on gold at 3368, and it was accurately delivered, as everyone witnessed. In the real market, I also arranged to go long at 3368 in advance, notified to enter the market before the European session, and then exited the market when the price rose to 3378-79 to take profit! The New York market retreated...

Charlie_Senior_Analyst

The latest developments from the Federal Reserve always stir the nerves of global financial markets, and Dallas Fed President Lorie Logan's recent speech has garnered widespread attention. On Monday (August 25th), while attending the Banco de Mexico's centennial conference in Mexico City, Logan made a striking statement: she believes there's still room for...

Charlie_Senior_Analyst

Gold prices started the week slightly weaker in the US market after hitting a two-week high last Friday. Earlier, Federal Reserve Chairman Powell's dovish remarks at the Jackson Hole Economic Symposium drove gains across the precious metals sector. Gold prices are recovering early losses and moving slightly higher, consolidating near recent highs around...

Charlie_Senior_Analyst Updated 

Currently, global markets are fixated on three key issues: First, Federal Reserve Chairman Powell's speech at the annual Jackson Hole Central Bank symposium in Wyoming has markets breathlessly awaiting signals of hawkish policy. Second, better-than-expected US PMI data has given dollar bulls a shot in the arm, offering the greenback a respite. Meanwhile, some are...

Charlie_Senior_Analyst

Spot gold prices were stable during the Asian and European trading sessions, as investors awaited further developments related to the Israeli-Palestinian conflict. Last Friday, gold prices rose 1% on growing expectations of a Federal Reserve rate cut. Moving forward, the market will focus on upcoming US economic data to gauge the Fed's policy direction....

Charlie_Senior_Analyst

Gold prices came under downward pressure during Asian trading on Thursday, extending their weak performance after rebounding from a three-week low the previous day. Minutes from the Federal Reserve's July 30-31 meeting showed that most officials believed "inflation risks remain higher than employment risks" and emphasized that current interest rates are broadly...

Charlie_Senior_Analyst

Oil prices are fluctuating between $61 and $63. If it falls below the support level of $61.84, it may fall to the psychological level of $60; the upward trend needs to break through the pivot point of $63.85 to reverse the weak pattern. It is currently recommended to pay attention to the EIA inventory data and the OPEC+ monthly report. If the inventory decline...

Charlie_Senior_Analyst

Gold fluctuates; watch for downward pressure in the US market! Gold rose slowly during the day and entered a strong cycle. From the perspective of the US market, there is still room for continued rebound. In the 4H cycle, the overall trend is weak with a downward step. The rebound returned to near the middle track. The downward channel pressure is at 3338-40. At...

Charlie_Senior_Analyst

Gold (XAU/USD) continued its decline during Wednesday's Asian trading session, hitting a near three-week low and approaching the key 100-day simple moving average (SMA). A break below this level would trigger further bearish activity. The recently released US Producer Price Index (PPI) for July showed a resurgence in price pressures, leading the market to...

Charlie_Senior_Analyst Updated 

We need to pay attention to the effectiveness of the $3330 support level. Once it is broken, the downward space will open up quickly. If 323 breaks below the previous low, it will be mainly long. If it breaks down unexpectedly, pay attention to the 3315 area and 3300 level emphasized in the early stage, and the trend support area of 3120 and 3268. As for the...

Charlie_Senior_Analyst

During the Asian session, spot gold attracted bargain-hunting, retreating from the previous day's over-two-week low. It is currently trading around $3,336/oz, up 0.11% from the previous day's close of $3,333.73, within a narrow range. The widespread expectation that the Federal Reserve will resume its rate-cutting cycle in September has become a key factor...

Charlie_Senior_Analyst

Spot gold prices rose slightly, trading around $3,350 per ounce in pre-market trading. The rise in gold prices was primarily driven by traders awaiting a meeting at the White House between US President Trump, Ukrainian President Zelenskyy, and some NATO member states. According to Reuters, the meeting will focus on Russian President Vladimir Putin's proposed...

Charlie_Senior_Analyst

Spot gold rebounded after hitting a low in early Asian trading on Monday (August 18), currently trading around $3,350 per ounce. Reuters technical analysts noted that spot gold could retest support at $3,328 per ounce. A break below this level could send prices down to the $3,309 to $3,316 range. A break above $3,357 could lead to a rise to $3,374. The daily...

Charlie_Senior_Analyst Updated 

From a technical perspective, Thursday's daily chart showed a sharp decline, engulfing Tuesday's. Wednesday's consecutive rises marked the closing price near the middle Bollinger band. There's no definitive direction for now, and both ups and downs are possible. Therefore, the daily chart's performance is not important, but the H4 chart shows significant momentum....

Charlie_Senior_Analyst

The MACD is below the zero axis and has already diverged from the bottom, indicating it's poised for a short-term rebound. Each short-term rebound followed a similar pattern to the current MACD. It simply diverges once, twice, or even three times before a sudden surge. Therefore, as long as the price falls below 3330 and then declines again, it's a good...

Charlie_Senior_Analyst

Gold prices (XAU/USD) rebounded modestly during Friday's Asian trading session, recouping some of the previous day's losses, but bullish momentum was limited. The dollar's previous rally, buoyed by strong US Producer Price Index (PPI) data, lacked sustainability. Investors widely expect the Federal Reserve to resume its interest rate cut cycle in September,...

Charlie_Senior_Analyst

Spot gold's upward momentum stalled during the Asian session on Thursday (August 14th). After hitting a three-day high near $3,375, it encountered some intraday selling and is currently trading around $3,358.52 per ounce, close to Wednesday's closing price. Global risk sentiment continues to be supported by two factors: optimistic expectations of a three-month...

Charlie_Senior_Analyst

Spot gold (XAU/USD) saw a second consecutive day of buying on Wednesday (August 13), attempting to build on its previous day's rebound from around $3,331. The latest US Consumer Price Index (CPI) data for July was largely in line with expectations, reinforcing market expectations of a September interest rate cut by the Federal Reserve. This data kept the US dollar...