Strategy |. Go out and prepare to Resistance | .
news:
– Gold prices rose 40,800 after the US showed higher than expected numbers of people applying for unemployment benefits. This shows that the labor market is starting to cool down. And this gives investors hope that the Federal Reserve (Fed) will cut interest rates this year.
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– The stock market rose for 7 days in a row after news of rising unemployment numbers. Pressure the Fed to cut interest rates soon. Yesterday, the number of applications for unemployment benefits was higher than expected. which shows US workers It may be going into a weak state
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– The United States is withdrawing some licenses for exports to Huawei. The Beijing government disagrees. and that added Restrictions on US exports are considered economic coercion.
Gold Analysis:
The price of gold has broken through almost two important resistance levels at $2,330 and is now waiting to break through $2,350 With this kind of upward movement, there is a chance to go as high as $2,375 or $2,400 At this time, you can wait for a contraction and buy at the support level of $2,330 and play short-term on the side Go up first. because next week there will be big news like Inflation has the potential for gold prices to change or remain dormant.
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2024-05-10 05:01:00
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