EUR/USD 1.15420
0.086%
Gold 4330.20
0.011%
Oil 88.429
-1.455%
USD/JPY 160.185
0.009%
GBP/USD 1.33615
0.171%
GBP/JPY 214.036
0.185%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 9th, ahead of the upcoming second and third quarter inspections, a working symposium for the heads of the Central Safety Production Assessment and Inspection Teams was held in Beijing on June 8th. The meeting emphasized that during these inspections, the Central Safety Production Assessment and Inspection Teams should go directly to the sites and conduct thorough investigations. Any typical and significant accident hazards discovered in key industries such as mining, chemicals, fireworks and firecrackers, construction, fire safety, industry and trade, and special equipment should be transferred to provincial Party committees and governments, urging local authorities to organize verification and rectification, investigate accountability, and deal with the issues seriously. Special inspections on regulatory and enforcement issues should be carried out, adhering to the principle of integrated investigation and rectification, and severely punishing illegal and fraudulent activities related to safety production, as well as prominent problems such as corruption in the safety production field.Lenovo Group (00992.HK) rose more than 5%.The yield on Japans 40-year government bonds fell 4 basis points to 3.760%.Hong Kong stocks two major model stocks fluctuated and declined, with MINIMAX-W (00100.HK) and Zhipu (02513.HK) both falling by more than 6%.June 9 - According to the website of the China Maritime Safety Administration, the Beihai Maritime Safety Administration issued a navigation warning that military training will be conducted in parts of the Beibu Gulf from 8:00 to 15:00 daily from June 10 to 12, and vessels are prohibited from entering these areas.

Gold Price Prediction: XAU/USD sellers try to maintain control ahead of an imminent bear cross

Daniel Rogers

Sep 05, 2022 16:26

 截屏2022-07-29 上午11.06.12.png

 

Bears must regain footing below $1,700 to resume their downward momentum. The next cushion is located at $1,690, which corresponds to the rising trendline support. Below a break of the yearly lows, a test of the 2021 low of $1,677 is possible if the decline accelerates below the latter.

 

"The 21-day moving average (DMA) is poised to cross below the 50-day moving average (DMA), which, if confirmed by a daily closing price, will constitute a bear cross. The bearish crossover will lend credence to the metal's bearish prospects.

 

"The initial barrier for bulls will be Friday's high of $1,718, above which the $1,720 round figure could come into play. The August 31 high of $1,727 could be difficult for buyers of XAU."


Suggestion