Bearish suppression: Policy signals + Risk aversion ebb
Economic policy statements from the Fed continue to gain momentum
San Francisco Fed President Daly explicitly stated that "a rate cut in December is not guaranteed", while Cleveland Fed President emphasized that "high interest rates are needed to curb inflation". A series of officials released hawkish signals, causing the expectation of a rate cut to fluctuate repeatedly and suppressing the confidence of bulls.
The end of the US government shutdown weakened the demand for risk aversion
After the US government resumed operations, the two-party negotiations came to an end for the time being, and market risk appetite recovered. The risk premium of gold continued to wane. Coupled with the easing of the geopolitical situation in Venezuela (with Trump's team suggesting that dialogue might be possible), the inflow of short-term risk-averse funds slowed down, forming resistance for price growth.
Gold trading strategy
sell：4050-4060
tp:4030-4010
SL:4070
Economic policy statements from the Fed continue to gain momentum
San Francisco Fed President Daly explicitly stated that "a rate cut in December is not guaranteed", while Cleveland Fed President emphasized that "high interest rates are needed to curb inflation". A series of officials released hawkish signals, causing the expectation of a rate cut to fluctuate repeatedly and suppressing the confidence of bulls.
The end of the US government shutdown weakened the demand for risk aversion
After the US government resumed operations, the two-party negotiations came to an end for the time being, and market risk appetite recovered. The risk premium of gold continued to wane. Coupled with the easing of the geopolitical situation in Venezuela (with Trump's team suggesting that dialogue might be possible), the inflow of short-term risk-averse funds slowed down, forming resistance for price growth.
Gold trading strategy
sell：4050-4060
tp:4030-4010
SL:4070
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.