Gold heading higher again? Click to see the latest analysis

Gold once rebounded in the short term and approached the 2340 mark, and is currently trading around $2335. U.S. President Joe Biden admitted that Israel used American bombs against civilians, and the Israeli military blocked the Rafah crossing, triggering criticism and condemnation from the United Nations. The market has postponed expectations for the Fed's first interest rate cut from July to September, and is expected to cut interest rates three times this year, each time by 25 basis points. It will take longer for Fed policymakers to be convinced that inflation is continuing to fall toward its 2% target. Geopolitics: The Israeli military has begun to evacuate civilians from Rafah, ceasefire negotiations between Hamas and Israel in Cairo over the weekend appear to have reached an impasse, and hopes for a ceasefire in Gaza have become dim. Ongoing tensions in the Middle East also appear to be boosting gold bull morale.
The top short-term focus is on the 2345-2350 first-line resistance, and the bottom short-term focus is on the 2310-2315 first-line support.

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Today, both long and short profits are made. If you are still losing money, you can contact me as soon as possible and I can help you recover your losses.

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Today, both long and short profits are made. If you are still losing money, you can contact me as soon as possible and I can help you recover your losses.

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Gold is mainly long at low levels today.

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