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Gold market analysis: the dollar is now the largest decline in the week, and spot gold rebounded strongly

发布时间：2022-08-25 浏览：122

On Thursday (May 19), due to the decline of US dollar and US Treasury bond yields, spot gold tried to recover its decline, rising 1.40% throughout the day and closing at US $1841 / oz.

US Treasuries and the US dollar both weakened yesterday. The US dollar index fell by 1% on the same day, which was the largest decline in the week, while US stocks also fell sharply. The weak US property market data had intensified concerns about the economic slowdown.

Another round of sharp decline in the stock market, together with lower yields and safe haven buying, pushed the gold price to rebound yesterday. Looking ahead, in the absence of relevant U.S. economic data, gold prices will continue to be affected by risk sentiment and the trend of the dollar.

The trend of the US dollar and the yield will still be the key factors to promote the gold price. Although the radical monetary tightening, the rise of the yield and the appreciation of the US dollar are the key drag on the gold price, driven by continued inflation and the intensification of geopolitical risks, concerns about global economic growth are also gradually emerging, which may protect gold to a certain extent.

From a technical point of view, gold has recently been under pressure at the 1900 mark, fell unilaterally, and has rebounded after the lowest dip of 1785. The next day, it has broken the 1830-1840 mark to near the 1850 mark. The overall rebound momentum is relatively strong.

After all, the daily and cyclical situation has long been in a serious oversold operation, and there has been no rebound repair during the sharp decline. Now the daily low hammer line is at the bottom, and the next day the sun rises and ends, which has shown a rebound signal. It depends on whether the rebound can be effectively continued.

Focus on the 1850 mark pressure. If it can break through and stabilize, the rebound momentum is expected to reverse. At least now, the rebound strength is still OK, and the Ma5 moving average has also begun to hook up.

In terms of four hours, three consecutive Yang rallies opened the space for Boolean on track. MACD red kinetic energy column was in a large-scale state, and bulls seemed to return to strength in the short term.

As long as we hold the position of 1830 today, it is expected to test the pressure around 1860 after breaking through 1850. On the contrary, if the closing price falls below 1830, the fear of resilience will be released again.