Market unfavorable factors increase

There seem to be many elements in the precious metals market that are not conducive to the trend of gold. With the Palestinian-Israeli conflict on hold, U.S. stocks have continued their recent bull run, and gold is still under pressure due to rising U.S. Treasury bond yields and mixed signals from Federal Reserve officials.

Gold prices completed the construction of a double top pattern, and gold prices fell under bearish pressure. The expansion of the short-term gold price decline has intensified the narrowing pattern of the daily moving average. At the same time, the expansion of the decline has gradually brought about a clear downward trend of the daily technical indicator RSI, while the MACD signal line has formed an obvious death cross, indicating that gold is biased in the shock. Downward trend.

Gold may fall below 1933 if there are no special market conditions this week.

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1958

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1947

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Gold will further decline due to data influence

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1944

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