Federal Reserve + non-agricultural employment data: the gold mar

מעודכן
I believe all investors have understood that the Fed will cut interest rates this week. The probability of a rate cut has reached an astonishing 80%. This news means that inflation is inevitable, which means that the US dollar may depreciate again.
On the other hand, gold will usher in a new breakthrough.
In addition, the non-farm payrolls report will become the focus of market attention. In recent years, although inflation has become the focus, with the cooling of inflation and the Federal Reserve, non-farm payrolls have once again become an important driving force for the market. Rising unemployment and increased employment opportunities, as well as the potential triggering of the "Sam Rule", may have a significant impact on the market.
Technical analysis
From the perspective of technical analysis, the spot gold price is currently located near US$2,390 per ounce, showing a certain rebound momentum. The gold price is still between the 21-day simple moving average (SMA) resistance level of $2,394/oz and the 50-day moving average (SMA) of $2,359/oz. The 14-day relative strength index (RSI) hovered around 50, showing a neutral attitude towards the outlook for gold prices

Combining the analysis of fundamentals, technical aspects and news, the current gold market is at a critical turning point. The Fed's policy decision and the upcoming non-agricultural data will be important factors affecting market trends
הערה
The night before the storm
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It is rising steadily. Friends who have the same idea can pay attention to it. It helps you grow and increase your assets.
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תמונת-בזק
הערה
The speed of increase has exceeded expectations. If you want your assets to rise steadily, please follow me.
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תמונת-בזק
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The conflict between Israel and Lebanon has caused the gold price to soar again. Please continue to follow DAVID's account to avoid missing the latest information.
הערה
Are the Fed’s decision and Powell’s speech negative or positive for gold prices?
Please actively speak and discuss in my comment section
הערה
Fed decision, Powell's speech continues, gold prices are still rising
הערה
The Fed press conference has ended. Powell's speech has caused the gold price to rise again, which is completely in line with my prediction.

If you want to know more about the international trend, please follow me. I will let you know more first-hand news.
Chart PatternsTechnical IndicatorsTrend Analysis

Senior gold analyst who has been engaged in gold, US dollar, and oil trading for 12 years. Join me and I will lead my team to help you become a professional trader and expand your assets.
t.me/divedgold123
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