The expected landing of interest rate cuts triggers the profit-taking demand for gold after consecutive rises. The current gold price still has downside risks under the pressure of capital behavior, unless it can break through...
Gold soared for the second day in a row and stood at 3300 again. The short stop loss chain was ignited, can the bulls take advantage of the momentum to hit 3350?
On April 22nd, spot gold broke through multiple barriers in the Asian session on Tuesday, refreshing the historical high to $3,470/ounce, rising nearly $50 during the day.
Class A share gold stocks continued to fluctuate and strengthen, Sichuan gold rose more than 8%, Pengxin Resources rose more than 6%, Luoyang Molybdenum Industry, Western Gold, and Xiaocheng Technology rose one after another. On the news, spot gold continuously refreshed its high to $3470.
Spot gold has weakened continuously, once breaking through the 2300 integer psychological barrier. In the context of bulls starting to position squaring, gold may be recovering its reverse relationship with the US dollar... > >