GOLD 9/8 : What will happen to the gold CPI news?

2023年8月9日

Gold prices attracted some buying power during the Asian session on Wednesday and partially recovered the previous day's losses to the $1,923-$1,922 region, or four-week lows. XAU/USD is now trading just below $1,930, up nearly 0.20% on the day, though any meaningful upside still seems elusive.

A generally softer tone around the equity markets, coupled with a modest drop in the US Dollar (USD), turned out to be the main support factor for Gold prices. Weaker China trade data released on Tuesday raised concerns about a worsening outlook for the world's second-largest economy. In addition, Moody's downgraded the debt ratings of a number of US banks and reduced investor demand for riskier assets. Anti-risk money flows tend to favor safe-haven precious metals.

2023年8月9日

註釋

Risk sentiment acted as the main driver so far this week. D
The US dollar extended its upbeat momentum, as venture capital flows dominated for a second straight day on Tuesday, as concerns about China's growth joined banking problems. global goods are recurring.

2023年8月9日

註釋

Gold prices fell for the second consecutive session on Tuesday. The drop was due to a further drop in open interest, which should support a near-term recovery. So far, the $1900 area emerges as good competition for the time being.

2023年8月9日

註釋

SELL GOLD | 1939 - 1936

🔴 SL: 1944

🟢 TP1: 1928
🟢 TP2: 1920

2023年8月10日

註釋

🕯 SELL GOLD | 1945 - 1942

🔴 SL: 1950

🟢 TP1: 1932
🟢 TP2: 1922

🕯 BUY GOLD | 1890 - 1893

🔴 SL: 1885

🟢 TP1: 1903
🟢 TP2: 1913

2023年8月10日

註釋

USD🇺🇸 CPI (YoY) (Jul)
Previous: 3.0%
Expect: 3.3%
Current: 3.2%
Result: Negative for USD🇺🇸