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February 7th - Gold is experiencing significant volatility, but the market remains strongly confident in the fundamental drivers of the long-term (upward) trend. Nick Cawley, Global Markets Analyst at Salomon Brothers, stated that the current volatility is merely short-term noise. He expects gold prices to break through $5,000 again in the coming weeks and retest the multi-decade high of $5,600 in the second quarter. Market consolidation is healthy, especially after a strong rebound, and the technical outlook remains positive. Tailwinds persist; while the dollar may be strong now, interest rate cuts in the coming months will weaken it, or at least prevent further gains. Rania Gule, Senior Markets Analyst at XS.com, stated that while gold prices may remain below $5,000 per ounce in the short term, a rise to $6,000 by the end of the year is still possible. The market has not yet exhausted its bullish momentum. However, investors have become more discerning and cautious, meaning future gains are likely to be accompanied by more corrections and are more driven by fundamentals than pure momentum or speculation. The precious metals market is currently in a repositioning phase, not a trend reversal.Ukraines Energy Minister: Russia attacked Ukraines energy generation and distribution facilities.Polish air navigation service: To ensure the freedom of movement of military aviation, airports in Rzeszów and Lublin have temporarily suspended operations.February 7th - According to a news release from the Guangdong Provincial Forestry Bureau on the 7th, the Nanyue Green and Beautiful Ecological Investment Fund has been established and officially launched, and is currently steadily advancing the implementation of its first batch of projects. As the first government investment fund in China focusing on the forestry industry, its establishment marks a breakthrough in Guangdongs forestry investment and financing mechanism. It will inject precise and efficient financial momentum into the construction of a green and beautiful Guangdong, accelerate the transformation of "green mountains and clear waters" into "gold and silver mountains," and provide important support for the deep integration of ecological civilization construction and industrial upgrading throughout the province.February 7th - Data from the Comprehensive Transportation Spring Festival Travel Rush Task Force shows that on February 6th, 2026 (the 5th day of the Spring Festival travel rush), the total cross-regional passenger flow reached 211.257 million person-times, a 7.6% increase compared to the previous day and a 1.2% increase compared to the same period in 2025 (Saturday). Specifically, railway passenger volume was 12.845 million person-times, a 9.2% increase compared to the previous day and a 4.5% decrease compared to the same period in 2025. Road passenger flow (including non-commercial passenger car trips on expressways and ordinary national and provincial highways, and commercial passenger transport) reached 195.35 million person-times, a 7.6% increase compared to the previous day and a 1.6% increase compared to the same period in 2025. Of these, commercial passenger transport on highways was 32.96 million person-times, a 5.8% increase compared to the previous day and a 3% increase compared to the same period in 2025; non-commercial passenger car trips on expressways and ordinary national and provincial highways were 162.39 million person-times, an 8% increase compared to the previous day and a 1.3% increase compared to the same period in 2025. Waterway passenger traffic reached 656,000, a decrease of 8.6% month-on-month and a decrease of 4.8% compared to the same period in 2025. Civil aviation passenger traffic reached 2.406 million, an increase of 2.6% month-on-month and an increase of 7.9% compared to the same period in 2025.

S&P 500 Price Forecast – Stock Markets Have Volatile Opening for the Year

Skylar Shaw

Jan 04, 2023 14:27

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Technical Analysis of the S&P 500

In order to crash through the 50-Day EMA in the E-mini futures market at the start of the trading day on Tuesday, the S&P 500 gapped, but it later pulled back to close that gap. In the end, there probably will be support there, but I also believe there will be a lot of pushback there as well. I believe we continue to see a lot of loud activity since we have been congregating in the general area.


It's feasible that we may decline to the 3700 level or perhaps the 3600 level if we were to breach below the 3800 level. However, if we do break out to the upside, there is even more resistance close to the 200-Day EMA, which is located just at the 4000 level. I believe that at this moment, the only thing you can bet on is a lot of choppy activity. All else being equal, this market should end up being a good selling opportunity even if it rallies since there is also a downtrend line.


The Friday employment report will very probably have a significant impact on where we go next because, to put it bluntly, if it comes in hot enough, it will make people fear that the Federal Reserve will start tightening again. Beyond that, we need to be concerned about a global downturn and, obviously, profits that are going to plunge. In fact, given the continued high levels of market volatility and pessimism, it is extremely possible that the markets will see significant losses in the next year.

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