The new year starts a new journey, and spot gold is ready to go

Mondo Technology Updated on 2024-01-31

**: Market information.

On Tuesday (January 2), the spot of this trading day was maintained during the day, and the market opened at 2062 today$65 an ounce, hitting a high of 2071$69 an ounce, with a low of $2062$24 an ounce, gold at 2070 as of press time$97 an ounce, up 041%。

After yesterday's market closure, the global financial market officially opened a new journey in 2024, the spot ** in the past year, the performance is very bright, twice hit a record high, with the Federal Reserve 1 interest rate cut cycle is coming, the willingness of the bulls to rush higher will still be stronger, superimposed on the geopolitical situation to heat up, will bring impetus to the high **. It coincides with the strong performance of bulls in January every year, and whether the bulls can peak again this month will be the focus of attention next. This week, with the arrival of the seasonally adjusted non-farm payrolls 2 data in the United States in December, the adjusted gold price may once again experience a wave of long and short baptism, so it is important to pay attention to the changes in the non-farm week.

On Friday, the U.S. dollar index, which continued to decline, stopped falling**, and the bulls continued to continue their upward trend, and finally closed higher. U.S. Treasury yields were mixed, ending a two-year winning streak. Spot** continued to adjust due to the strengthening of the U.S. dollar index and U.S. Treasuries. Geographically, the situation in the Red Sea has escalated again, and Iran's ** has passed through the Bab el-Mandeb Strait and entered the Red Sea. At the same time, the United Kingdom** said that Britain and the United States will issue an ultimatum to the Houthis in Yemen, planning to launch naval and air strikes;Shipping giant Maersk announced on the 31st that it would suspend all sailings through the Red Sea for 48 hours. The escalation of the geopolitical situation will bring a safe-haven push to gold prices, and we must pay attention to whether the situation will further expand in the future. Within the day, China, the United States, Europe and other countries will successively announce manufacturing PMI data, and the final value of the US Markit manufacturing PMI in December should be paid attention to in the evening, which is easy to cause market fluctuations.

On Friday, the bears continued to fall, and after the momentum weakened after the continuous decline, the bulls began to fire, and the morning of the day continued, but the strength was insufficient. Judging from the trend, the thirty-minute downward trend type grows, after the continuous **divergence, the bulls ** have the possibility of forming 3 sells, due to the strong support near 2045 below, the momentum of the fall has been shortened twice in a row, and it is easy to trigger the bulls to turn upward.

Jintou.com.

Related Pages