受美元走强打压，现货黄金周四收盘下跌0.32%，报2564.49美元/盎司。#黄金Technical analysis#24K99讯 At the end of the Asian session on Friday (November 15), spot gold suddenly fell rapidly in the short term. The price of gold had just fallen to 2554.27 US dollars/ounce, setting an intraday low. Economies.com, a well-known financial information website, wrote a new article on Friday to analyze the technical prospects of intraday gold.
According to Economies.com, the price of gold has lost its rebound momentum.Technical sideTo support the continued decline in gold prices, the first target was 2513.10 US dollars/ounce.
(15 minute spot gold chart source: 24K99)
Pressured by the strengthening of the US dollar, spot gold closed down 0.32% to $2564.49 per ounce on Thursday.
Federal Reserve Chairman Powell's hawkish remarks are still putting bearish pressure on gold prices. Powell said on Thursday that due to the strong US economy, the Federal Reserve does not need to “rush” to lower interest rates and that the Federal Reserve will “watch closely” to ensure that certain inflation indicators remain within an acceptable range.
Furthermore, the tension in the Middle East has further cooled down, which is not conducive to the gold trend.
According to the US “Washington Post” report, three people familiar with the matter revealed that an official in Israel's Netanyahu administration told US President-elect Trump and his son-in-law, Kushner, a former senior White House adviser on Middle East issues, that Israel is stepping up efforts to reach a cease-fire agreement between Israel and Lebanon as a “gift” for Trump.
According to reports, Israel's Minister of Strategic Affairs Ron Delmer recently visited the US, made Trump's home in Florida's Sea-Lake Estate the first stop, then went to the White House to brief Biden administration officials on the latest developments in the Lebanese-Israeli cease-fire negotiations.
An Israeli official said, “There is an opinion that Israel will give Trump a gift... An understanding will be reached on a cease-fire in Lebanon in January next year (2025).”
Economies.com wrote in the article that the price of gold had previously rebounded and tested $2570.00 per ounce. It is worth noting that the stochastic indicator hit the overbought region, thus clearly losing positive momentum. This supports the possibility that gold prices will fall back and resume a bearish trend during the day. The next target for gold prices is 2513.10 US dollars/ounce.
(4-hour spot gold chart source: Economies.com)
Economies.com added, therefore, we will continue to forecast a bearish trend for some time to come. It is important to consider that if the price of gold breaks through $2604.00 per ounce, this will cause the price of gold to return to the main bullish trend and achieve a new upward trend in the short to medium term.
Economies.com predicts that today's gold price will be traded onSupport levelBetween $2545.00 per ounce and resistance between $2585.00 per ounce.
According to Economies.com, today's expected trend for gold prices is bearish.
At 14:20 Beijing time, spot gold was reported at 2555.97 US dollars/ounce.
