Spot Altın/ABD DolarıGüncellendi Today's gold price focuses on the support level of 2744
Today's gold price focuses on the support level of 2744
The main factors for the recent rise in gold prices are:
1: First, the marginal shift to easing of the Fed's monetary policy expectations.
Since Trump's words on tariffs after taking office were weaker than expected, the market expects that the probability of general tariffs in the future will decrease, and the possibility of triggering secondary inflation will also decrease, which is conducive to the Fed's adoption of a more relaxed monetary policy, which is beneficial to gold prices.
2: Secondly, policy uncertainty still brings risk aversion.
On the day Trump took office, he issued a large number of executive orders, some of which were controversial, and there was uncertainty in his subsequent policies, which made it possible for future market trends, especially non-US market asset trends, to fluctuate greatly, thus highlighting the safe-haven value of gold.
Next, we need to pay attention to the policy signals that may be released by the Federal Reserve's interest rate meeting in January to judge the policy direction.
On Wednesday (January 22), gold prices continued to rise and are currently trading around $2,750. During the Asian session, gold prices once hit an intraday high of $2,758.
With the changes in the global trade environment, the demand for gold as a safe-haven asset continues to grow.
U.S. President Donald Trump's announcement that he may impose a 25% tariff on Canadian and Mexican imports has triggered market concerns about global trade. Against this backdrop, the market's interest in gold has grown.
In addition, the market's expectation that the Federal Reserve may cut interest rates twice this year has further supported the upward momentum of gold.
I think:
With the easing of inflationary pressures in the United States and the increasing possibility of monetary policy adjustments, gold has received more attention as a tool to hedge against economic uncertainty. "The market generally expects that interest rate cuts will boost economic growth, and gold is therefore in a favorable position." Although a slight rebound in the U.S. 10-year Treasury yield helped the dollar recover from a two-week low, gold prices still maintained a strong upward trend.
Currently, the 10-year U.S. Treasury yield has risen to 4.12%, posing some resistance to further gains in gold.
Summary L:
This week, the focus of the market will include the Bank of Japan's monetary policy decision and the release of global PMI data.
These important events may provide more clues to the state of the global economy and have an important impact on the short-term trend of gold and silver prices.
Technical analysis:
Support level: The key support level is $2,744, and staying above this level will help maintain the bullish trend of gold.
If it falls below $2,744, the support below is at $2,734 and $2,724.
The 50-day moving average and the 200-day moving average are at $2,700 and $2,666, respectively, indicating that the overall trend is still strong.
Resistance: The first resistance above is at $2,759, and it may test $2,766 after breaking through.
It is worth noting that a bullish signal appeared on the gold candlestick chart.
If the price successfully breaks through $2,759, it is expected to attract more buying interest and push the price further up.
However, if it falls below $2,744, market sentiment may turn to the bears.
Summary:
Gold has performed strongly under the dual support of safe-haven demand and expectations of a rate cut by the Federal Reserve. In the short term, the strong support of gold is at $2,743.96.
If you also like my analysis, you can leave me a message and I will be happy to share my analysis with you
The main factors for the recent rise in gold prices are:
1: First, the marginal shift to easing of the Fed's monetary policy expectations.
Since Trump's words on tariffs after taking office were weaker than expected, the market expects that the probability of general tariffs in the future will decrease, and the possibility of triggering secondary inflation will also decrease, which is conducive to the Fed's adoption of a more relaxed monetary policy, which is beneficial to gold prices.
2: Secondly, policy uncertainty still brings risk aversion.
On the day Trump took office, he issued a large number of executive orders, some of which were controversial, and there was uncertainty in his subsequent policies, which made it possible for future market trends, especially non-US market asset trends, to fluctuate greatly, thus highlighting the safe-haven value of gold.
Next, we need to pay attention to the policy signals that may be released by the Federal Reserve's interest rate meeting in January to judge the policy direction.
On Wednesday (January 22), gold prices continued to rise and are currently trading around $2,750. During the Asian session, gold prices once hit an intraday high of $2,758.
With the changes in the global trade environment, the demand for gold as a safe-haven asset continues to grow.
U.S. President Donald Trump's announcement that he may impose a 25% tariff on Canadian and Mexican imports has triggered market concerns about global trade. Against this backdrop, the market's interest in gold has grown.
In addition, the market's expectation that the Federal Reserve may cut interest rates twice this year has further supported the upward momentum of gold.
I think:
With the easing of inflationary pressures in the United States and the increasing possibility of monetary policy adjustments, gold has received more attention as a tool to hedge against economic uncertainty. "The market generally expects that interest rate cuts will boost economic growth, and gold is therefore in a favorable position." Although a slight rebound in the U.S. 10-year Treasury yield helped the dollar recover from a two-week low, gold prices still maintained a strong upward trend.
Currently, the 10-year U.S. Treasury yield has risen to 4.12%, posing some resistance to further gains in gold.
Summary L:
This week, the focus of the market will include the Bank of Japan's monetary policy decision and the release of global PMI data.
These important events may provide more clues to the state of the global economy and have an important impact on the short-term trend of gold and silver prices.
Technical analysis:
Support level: The key support level is $2,744, and staying above this level will help maintain the bullish trend of gold.
If it falls below $2,744, the support below is at $2,734 and $2,724.
The 50-day moving average and the 200-day moving average are at $2,700 and $2,666, respectively, indicating that the overall trend is still strong.
Resistance: The first resistance above is at $2,759, and it may test $2,766 after breaking through.
It is worth noting that a bullish signal appeared on the gold candlestick chart.
If the price successfully breaks through $2,759, it is expected to attract more buying interest and push the price further up.
However, if it falls below $2,744, market sentiment may turn to the bears.
Summary:
Gold has performed strongly under the dual support of safe-haven demand and expectations of a rate cut by the Federal Reserve. In the short term, the strong support of gold is at $2,743.96.
If you also like my analysis, you can leave me a message and I will be happy to share my analysis with you
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.