EUR/USD 1.17755
-0.055%
Gold 4792.03
0.027%
Oil 89.691
0.074%
USD/JPY 159.374
0.146%
GBP/USD 1.35164
-0.074%
GBP/JPY 215.421
0.084%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
April 17th - It was learned today from the National Standardization Administration that my country has successfully initiated the worlds first international standard in the field of embodied intelligence, "Humanoid Robot Dataset," with the International Organization for Standardization (ISO), and has also promoted the establishment of the first working group convened by Chinese experts. Currently, major economies such as the United States, Japan, and the European Union have incorporated humanoid robots into their national science and technology strategies, vying to deploy research and development and applications.Hong Kong stocks opened lower and continued to decline, with the Hang Seng Tech Index falling 1% and the Hang Seng Index falling 0.74%. Tech stocks retreated, with SenseTime (00020.HK) and Meituan (03690.HK) falling more than 3%.April 17th - In recent years, Japans social security environment has continued to deteriorate. The Chinese Embassy in Japan solemnly reminds Chinese citizens in Japan to raise their awareness of safety precautions, strengthen self-protection, try to go out in groups, and avoid going to areas with poor security or large crowds. If you encounter harassment or provocation from right-wing elements, "hit-and-run" gangs, or other individuals, please prioritize your own safety, remain calm, avoid entanglement, preserve evidence, and promptly report to the police and contact the Chinese Embassy or Consulate in Japan for assistance.OpenAI has agreed to pay Cerebras more than $20 billion over the next three years in exchange for equity and access to its chips.On Friday, April 17, the Hong Kong Hang Seng Index opened down 183.29 points, or 0.69%, at 26,210.97; the Hang Seng Tech Index opened down 36.5 points, or 0.72%, at 5,055.58; the H-share Index opened down 64.54 points, or 0.72%, at 8,840.57; and the Red Chip Index opened down 3.05 points, or 0.07%, at 4,344.36.

Gold Price Prediction - Gold Prices Leveled Off as the Dollar Rally Stopped

Alina Haynes

May 11, 2022 10:31

Investors continue to purchase gold in anticipation of tomorrow's inflation report, which could affect Fed monetary policy. In comparison to other major currencies, the dollar declined.

 

Today, benchmark rates declined in response to the Federal Reserve's less aggressive strategy. Today, the ten-year yield fell below 3 percent, after gaining 23 basis points yesterday.

 

The NFIB Small Business Economic Trends index remained unchanged from the prior month at 93.2. This indicator of small company confidence in the United States was below the 48-year average of 98.

 

This information indicates that small enterprises are struggling to combat rising inflationary pressures. Small enterprises face increased labor expenses and a labor scarcity, which exacerbates their economic difficulties.

 

The Fed's policy decision at the next meeting will likely be affected by tomorrow's inflation data.

Technical Evaluation

Gold prices are approaching the 200-day moving average of 1836 and are subject to bearish pressure that might drive gold prices to 1800. Near the 200-day moving average at 1,836 is viewed as support. Near the 10-day moving average in the vicinity of 1,874, there is observed resistance.

 

As a result of the Fast Stochastic's crossover sell signal, short-term momentum is negative. As the fast stochastic displays a value of 9.79 below the oversold threshold of 20, prices are oversold.

 

As the MACD produces a crossover sell signal, medium-term momentum has gone negative. This occurs when the 12-day moving average minus the 26-day moving average crosses below the MACD line's 9-day moving average.

 

The trajectory of the MACD (moving average convergence divergence) histogram is negative, indicating falling prices.

 

image.png

Suggestion