Yesterday, Monday, May 14thFairgocasinonodepositbonuscodesWe believe that although the Gaza cease-fire talks broke down, boosting safe-haven buying and supporting gold, Fed officials made hawkish speeches to suppress expectations of interest rate cuts, which put pressure on gold, so in operation, it is suggested that everyone should be treated as a shock mentality. The current gold dip, the lower support can focus on 2334 US dollars (daily Bollinger belt middle track), followed by 2320 US dollars, if the gold price stabilizes. Top pressure can focus on $2355 (4-hour MA5 moving average), followed by $2364.
From the subsequent trend, gold continued to fall, testing $2338 to stabilize, the highest rebounded to $2349, $2349 is the gold price down, 4 hours after the MA5 moving average, gold price rose blocked, the lowest fell to $2332, stabilized near the middle track of the daily Bollinger belt, overall, gold basically in our support and pressure level between the operation. Gold rebounded slightly at the start of trading on Tuesday, encountered obstacles near the four-hour MA10 moving average of $2346, and is currently trading at $2338.
Wolfinance star analysts believe that despite the collapse of cease-fire talks in Gaza and rising risk aversion in the market, supporting gold, Fed officials once again issued a hawkish speech to dampen expectations of interest rate cuts this year, which put pressure on gold to give up previous gains due to risk aversion. The current market focus is focused on key US inflation data (Tuesday PPI and Wednesday CPI data). Fed Chairman Powell said on Tuesday that a rebound in Powell hawks and inflation data would be bad for gold prices.
In terms of news, the Gaza cease-fire talks broke down, and Israel said that no matter whether an agreement was reached or not, troops would be stationed in Rafah. Us officials said that Israel has gathered enough troops in Rafah to fully attack Rafah in the next few days. Several Fed officials made hawkish speeches on Friday, and Bowman said there was no need to cut interest rates this year.FairgocasinonodepositbonuscodesLogan believes that it is too early to consider cutting interest rates; Gulbis believes that because of rising inflation, we must wait and observe the policy situation; and Kashkali believes that the possibility of raising interest rates again cannot be ruled out. One-year inflation expectations in the United States released on MondayFairgocasinonodepositbonuscodes.26%, 3% higher than the previous value, which is disadvantageous to the interest rate cut, and the price of gold fell by $10 in the short term. The April PPI data of the United States, which will be released tonight, are expected to be higher than the previous value. in addition, Powell's evening speech, his latest remarks are hawk, these factors may be disadvantageous to gold prices.
On the daily chart, gold fell back, still stabilizing above the middle track of the Bollinger belt, and the Bollinger belt began to shrink, limiting the gold operating space. At present, under the gold support, you can focus on the Bollinger belt mid-rail $2332, followed by the 10-day moving average of $2325; the upper pressure can focus on the 4-hour Bollinger belt mid-rail $2349, which is also the high point after the gold price fell on Monday. since then, the rebound in gold prices has continued to be suppressed by the middle rail, which may be stronger in the short term here, continuing to focus on Monday's high of $2364 and last Friday's high of $2378. The 5-day and 10-day averages are golden fork upward, the MACD index is dead, the DIFF line begins to turn slightly after running upward, the KDJ index is dead cross, and the RSI index is slightly dead cross upward, and the technical aspects are relatively dominant.
Gold intra-day reference: prior to the breakdown of cease-fire negotiations in Gaza, supporting the rise of gold, the Fed hawkish speech made gold give up its gains, and now the market is waiting for US inflation data to speak to Powell, which may have a greater impact on the short-term volatility of gold. in addition, once Israel attacks Rafah, it may push up gold prices again, the relevant news needs to be closely watched. In operation, it is recommended to shock thinking treatment, the lower support focus on $2332, followed by $2325, the upper pressure on $2349, gold prices break through here, the short-term may continue to strengthen, focus on $2364 and $2378.