Analysis of gold price trend now

Gold price trend analysis

As an important precious metal, gold has always attracted much attention.In the past few years, gold prices have experienced fluctuations and are affected by many factors.This article will analyze the current gold price trend from different perspectives.

The impact of global economic situation on gold prices

The global economic situation is one of the important factors affecting the price of gold.When the global economy is facing uncertainty and risks, investors often turn to risk aversion assets, including gold.In recent years, with the intensification of trade war and geopolitical tensions, the market has worried about the global economic prospects. In this case, investors are more inclined to buy gold as a risk shelter, which has pushed its price.

The relationship between US dollar exchange rate and gold price

The US dollar exchange rate is another factor that directly affects the price of gold.Due to most international commodity transactions at the US dollar, when the US dollar appreciates, the demand for commodities such as black and non -colored will cause the relevant commodity market to be weak, which will make people buy a small amount of existing goods. When the US dollar is strong, when the US dollar is strong, the dollar is strong, and when the US dollar is strong, the dollar is strong, and when the US dollar is strong, it is strong.It usually means that other currencies are relatively weak or depreciated, which may lead to a decline in purchasing power in other countries. On the contrary, weak US dollars may increase the purchasing power of other countries.

Supply and demand relationship and market expectations

In addition to external environmental factors, the growth of yellow material crude oil inventory has slowed down to boost the increase.Between 10 barrels. It seems that the facts that the deserved data is announced is not the case.

Technical analysis and future outlook

Technically:

1. Organize the weekly diagram; 2. The current resistance level:-; support level:-.

Future outlook:

According to the current form and technical indicators, the signs of weakening are obvious, and there have been signs of decline in the near future. It may enter the adjustment market next.

The above is the conclusion that this article analyzes the current yellow material market.