EUR/USD 1.16493
0.012%
Gold 3337.38
0.059%
Oil 62.976
-0.128%
USD/JPY 147.380
-0.246%
GBP/USD 1.35352
0.044%
GBP/JPY 199.485
-0.198%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 15th, Huaweis new tablet MatePad Air started pre-sale at 10:00 on August 15th and will be officially launched on August 21st.On August 15th, the total value of imports and exports of goods reached 3.91 trillion yuan in July, a year-on-year increase of 6.7%. Of this total, exports amounted to 2.3 trillion yuan, an increase of 8.0%, while imports amounted to 1.6 trillion yuan, a rise of 4.8%. From January to July, the total value of imports and exports reached 25.69 trillion yuan, a year-on-year increase of 3.5%. Of this total, exports amounted to 15.3 trillion yuan, a rise of 7.3%, while imports amounted to 10.39 trillion yuan, a decrease of 1.6%. From January to July, general trade imports and exports grew by 2.1%, accounting for 64.0% of the total value of imports and exports. Imports and exports with participating countries in the Belt and Road Initiative grew by 5.5%. Imports and exports by private enterprises grew by 7.4%, accounting for 57.1% of the total value of imports and exports, an increase of 2.1 percentage points year-on-year. Exports of mechanical and electrical products grew by 9.3%, accounting for 60.0% of the total value of exports.JD Health (06618.HK) saw its share price increase by 15%.According to a report released on August 15th, from January to July, the sales area of newly built commercial housing reached 515.6 million square meters, a year-on-year decrease of 4.0%, of which residential sales decreased by 4.1%. Sales of newly built commercial housing totaled 4.9566 trillion yuan, a decrease of 6.5%, of which residential sales decreased by 6.2%. At the end of July, the area of commercial housing for sale reached 764.86 million square meters, a decrease of 4.62 million square meters from the end of June. Of this, the area of residential housing for sale decreased by 2.85 million square meters.Japanese Finance Minister Katsunobu Kato: Although specific monetary policy decisions are made by the Bank of Japan, we must pay close attention to the economic and price environment behind the recent calls from the business community for the Bank of Japan to raise interest rates.

Gold Price Forecast – Gold Markets Give Up Early Gain Yet Again

Alice Wang

Feb 09, 2023 16:01

market technical  analysis for gold

Similar to Monday and Tuesday, Wednesday's trading session saw an early increase in gold prices. There has been a lot of selling pressure, similar to those two days, which suggests that gold may still be seeking for a reason to decrease. The possibility that we may go to the 200-Day EMA, which is located just below the 50-Day EMA, does make some sense if we can break down below the 50-Day EMA. Nearly $1800 is a huge, round sum with psychological meaning and a point where there has historically been a lot of controversy.


If we surpass the peaks of the previous three candles, the market may move swiftly in the direction of $1950. I think it would need a decline in the value of the US dollar, but I also think that over time, both the USD and gold would climb. As things are right now, it would be difficult to see an external stimulus for this market to become too optimistic; thus, I think that at best, we will likely consolidate.


Given that the two previous enormous candles were both red and that they often don't happen in a vacuum, we will need to keep a careful eye on the situation. However, if the sellers can simplify things, we may see a greater flush down. A break over these hammers would thus be a stunning display of power. I believe that we are getting ready for a bigger transition.

Suggestion