$XAU $BTC $BZ PCE cooling down but oil prices causing trouble! Gold and silver J-values explode—don’t move before the NFP?
U.S. core PCE falls to 3%, below expectations, but rising oil prices keep inflation pressure intact, so it’s not wise to push the rate-cut narrative too aggressively. The situation in the Middle East remains tense; U.S.-Iran talks end without results, but the U.S. military withdrawal from Iraq and Hezbollah pausing operations bring some localized easing.
Charts show that XAU (4163) and XAG (60.46) are still constrained in the short term by a bearish EMA alignment. Although the MACD green histogram shortens or even a preliminary bullish crossover appears, the 1-hour KDJ J-values for both are as high as 84.8 and 87.8 respectively—severely overbought. They likely need a pullback and correction to repair the setup, confirming the earlier view: “don’t chase shorts; wait for stabilization.”
Crude oil is supported by geopolitical risk premiums, rising 2.26% to 98..00, but its J-value at -6.48 is extremely oversold—be alert to a rebound and then a drop from higher levels. $BTC is ranging around 83,695, capped by the EMA200. As for strategy, as stated in the article: “only consider adding after reclaiming above 84,000,” and keep a close watch on Friday’s NFP data to decide the direction.
Do you buy on rate cuts, or do you wait and watch the NFP first? #非农 #股票财报季 #美国8月核心PCE降至3%
U.S. core PCE falls to 3%, below expectations, but rising oil prices keep inflation pressure intact, so it’s not wise to push the rate-cut narrative too aggressively. The situation in the Middle East remains tense; U.S.-Iran talks end without results, but the U.S. military withdrawal from Iraq and Hezbollah pausing operations bring some localized easing.
Charts show that XAU (4163) and XAG (60.46) are still constrained in the short term by a bearish EMA alignment. Although the MACD green histogram shortens or even a preliminary bullish crossover appears, the 1-hour KDJ J-values for both are as high as 84.8 and 87.8 respectively—severely overbought. They likely need a pullback and correction to repair the setup, confirming the earlier view: “don’t chase shorts; wait for stabilization.”
Crude oil is supported by geopolitical risk premiums, rising 2.26% to 98..00, but its J-value at -6.48 is extremely oversold—be alert to a rebound and then a drop from higher levels. $BTC is ranging around 83,695, capped by the EMA200. As for strategy, as stated in the article: “only consider adding after reclaiming above 84,000,” and keep a close watch on Friday’s NFP data to decide the direction.
Do you buy on rate cuts, or do you wait and watch the NFP first? #非农 #股票财报季 #美国8月核心PCE降至3%