【The data is bearish, and I firmly remain bearish on gold and silver. What do you think?】
The 20:30 data is out: U.S. initial jobless claims came in at 197,000, below the expected 200,000 and unchanged from the previous reading. The quick update directly stamped it as “bearish for gold and silver.”
The fundamental logic is very simple: the labor market remains resilient → expectations for a Federal Reserve rate cut continue to cool → the U.S. dollar and Treasury yields strengthen → gold and silver come under pressure.
Personally, I am firmly bearish on gold and silver tonight. Although the 3,000 difference is not that large, at this level, any bearish news could become the straw that breaks the back of short-term bulls. I think gold prices still have room to fall in the short term.
What do you think? Are you bullish or bearish tonight? Let us know in the comments below 👇$XAU #Sui创4060万TPS纪录
The 20:30 data is out: U.S. initial jobless claims came in at 197,000, below the expected 200,000 and unchanged from the previous reading. The quick update directly stamped it as “bearish for gold and silver.”
The fundamental logic is very simple: the labor market remains resilient → expectations for a Federal Reserve rate cut continue to cool → the U.S. dollar and Treasury yields strengthen → gold and silver come under pressure.
Personally, I am firmly bearish on gold and silver tonight. Although the 3,000 difference is not that large, at this level, any bearish news could become the straw that breaks the back of short-term bulls. I think gold prices still have room to fall in the short term.
What do you think? Are you bullish or bearish tonight? Let us know in the comments below 👇$XAU #Sui创4060万TPS纪录