In the medium term, gold may continue to decline; the pattern has changed, and the stage of mindless favorable increases no longer exists. The U.S. fighting Iran is merely to maintain the dollar's hegemony, in order to better control oil and gas prices, after all, the U.S. is the largest exporter of crude oil and natural gas.
Trump can still gain domestic support and votes, achieving the same goal of containing our country. Venezuela and Iran are similar in that they tie dollar settlements to crude oil, maintaining dollar hegemony while plundering oil resources and undermining the settlement and investment systems we have established.
Therefore, the recent surge in crude oil, along with the strength of crude oil and the dollar, has caused inflation concerns to rise. The Federal Reserve's rate cut cycle will definitely decrease, which undoubtedly is bearish for gold. Thus, in the medium term, gold can be shorted around 5200-5250.
Next week's gold strategy: Short around 5200-5250, defend at 5300, look for 5000, and if broken, look for 4800/4600. Please pay attention to the risks.
The above suggestions are for reference only and do not constitute trading advice. Investing carries risks; enter the market cautiously.
Trump can still gain domestic support and votes, achieving the same goal of containing our country. Venezuela and Iran are similar in that they tie dollar settlements to crude oil, maintaining dollar hegemony while plundering oil resources and undermining the settlement and investment systems we have established.
Therefore, the recent surge in crude oil, along with the strength of crude oil and the dollar, has caused inflation concerns to rise. The Federal Reserve's rate cut cycle will definitely decrease, which undoubtedly is bearish for gold. Thus, in the medium term, gold can be shorted around 5200-5250.
Next week's gold strategy: Short around 5200-5250, defend at 5300, look for 5000, and if broken, look for 4800/4600. Please pay attention to the risks.
The above suggestions are for reference only and do not constitute trading advice. Investing carries risks; enter the market cautiously.
