Analysis of gold market trends next week:

2 feb

Analysis of gold news: On Friday (January 31), international gold prices hit a record high, breaking through $2,800/ounce, as market risk aversion heated up and investors poured into the gold market to deal with the tariff threats reiterated by US President Donald Trump. The highest intraday price reached $2,817.09/ounce. Gold prices have risen by more than 6% this month and 1% this week. U.S. Treasury yields rose slightly on Friday as investors took positions before the release of important economic data such as personal consumption expenditures (PCE), personal spending and employment costs. The Federal Reserve kept interest rates unchanged at 4.25%-4.50% at its first interest rate meeting this year, citing inflation risks despite political pressure to cut interest rates. Powell said the central bank needs to see "real progress in inflation or some weakness in the labor market" before considering adjustments. Gold remains a strong hedging tool due to lingering policy uncertainty. At present, the gold market is prone to rise and difficult to fall in the short term. However, Powell's hawkish remarks on interest rates have prevented gold from getting a strong boost at the fundamental level. As for the future trend of gold, it still needs the guidance of key data. The non-farm data to be released next Friday is undoubtedly an important turning point.

Technical analysis of gold: From a technical perspective, the pressure on gold prices at $2,785 is actually a normal reaction to the historical high of $2,790. The suppression of historical highs is usually not easily broken. It is a normal market performance for prices to fall and be under pressure after reaching this key position. But this pressure is only short-term. After a short period of retracement and energy accumulation, gold prices will inevitably break through this suppression level. The previous price fell back to $2,733 and then bottomed out and rebounded, as well as the bottoming out and rebound at $2,744, fully proved that the bottom support of gold prices is strong, the correction adjustment has been completed, and the upward trend can continue.

Gold broke through the historical high, and the high-level narrow fluctuation of gold accumulated momentum without a big decline, indicating that the gold bulls are still strong, and gold continues to set new highs. Gold is strong and unstoppable. After the breakthrough of gold, 2790 has begun to form a strong support. Gold fell back to 2790 and continued to buy on dips. Since gold broke through the historical high, the gold bulls will go to a higher level, and the decline of gold is to continue to give more opportunities. On the whole, our senior professional gold analyst team recommends that the short-term operation of gold next week should focus on callbacks and shorts on rebounds. The short-term focus on the resistance of 2812-2817 is on the upper side, and the short-term focus on the support of 2785-2780 is on the lower side.

Regarding gold’s short-term operation ideas next week, our team of senior professional gold analysts recommends:
Gold operation strategy:

1. If gold falls back on the 2788-2790 line, go long with light positions, and if it falls back on the 2780-85 line, cover long positions, stop loss at 2771, and target the 2798-2800 line; continue to hold if the position is broken! You must strictly manage your positions according to your own situation

2: Short gold near 2820-2825 when it rebounds, stop loss at 2830, target near 2805-2800, and look at 2790 if it breaks;

2 feb

Trade attivo

The United States announced a 25% tariff on Canada and Mexico, and an additional 10% tariff on Chinese goods.

Canadian Prime Minister Trudeau: 25% tariff on US goods worth 155 billion Canadian dollars
Canadian Prime Minister Trudeau said at a press conference that Canada will impose a 25% tariff on US goods worth 155 billion Canadian dollars, including tariffs on goods worth 30 billion Canadian dollars starting immediately from Tuesday, and further tariffs on US products worth 125 billion US dollars will be implemented within 21 days. After the United States announced tariffs on Canada, David Iby, the Premier of British Columbia, Canada, held a press conference and said that Trump's tariffs "completely betrayed the historical ties between the two countries. This is a declaration of economic war against a trusted ally and friend." Iby said that British Columbia has begun to retaliate against US goods, and he has instructed liquor distributors operated by the provincial government to stop buying American liquor and government procurement. At the same time, British Columbia will accelerate new natural resource projects and seek to diversify trade with the Asia-Pacific region. He called on people to buy Canadian goods.

After US President Trump signed an executive order to impose tariffs on Mexican goods, Mexican President Seinbaum publicly stated that "when we negotiate with other countries, when we interact with other countries, we always hold our heads high, never bow our heads, and we are equal." Seinbaum emphasized that Mexico is a free, independent and autonomous country. Mexico is capable of dealing with any situation.

A spokesperson for the Chinese Ministry of Foreign Affairs answered reporters' questions about the US announcement of a 10% tariff on Chinese products exported to the US. The US imposed a 10% tariff on Chinese products exported to the US on the grounds of the fentanyl issue. China is strongly dissatisfied and firmly opposes this. It will take necessary countermeasures to firmly safeguard its legitimate rights and interests. The US should view and deal with its own fentanyl problem objectively and rationally, rather than threatening other countries with tariffs at will. The practice of imposing tariffs is not constructive and will inevitably affect and damage the future cooperation between the two sides on drug control. China urges the US to correct its wrong practices, maintain the hard-won good situation of Sino-US drug control cooperation, and promote the stable, healthy and sustainable development of Sino-US relations.

3 feb

Trade chiuso: obiettivo raggiunto

Analysis of the latest trend of gold market:

Analysis of gold news: Last Friday (January 31), the international gold price hit a record high, breaking through $2,800/ounce, as risk aversion in the market heated up and investors poured into the gold market to deal with the tariff threats reiterated by US President Donald Trump. The intraday high reached $2,817.09/ounce. The price of gold has risen by more than 6% this month, and by 1% on a weekly basis. U.S. Treasury yields rose slightly on Friday as investors took positions before the release of important economic data such as personal consumption expenditures (PCE), personal spending and employment costs. The Federal Reserve kept interest rates unchanged at 4.25%-4.50% at its first interest rate meeting this year, citing inflation risks despite political pressure to cut interest rates. Powell said the central bank needs to see "real progress in inflation or some weakness in the labor market" before considering adjustments. Gold remains a strong hedging tool due to lingering policy uncertainty. However, Powell's hawkish remarks on interest rates have prevented gold from receiving a strong boost at the fundamental level. As for the future trend of gold, it still needs the guidance of key data. The non-agricultural data to be released this Friday is undoubtedly an important turning point.

Technical analysis of gold: After the international gold rose in the US market last Friday, the daily line continued to set a new historical high, breaking through the 2800 integer level in one fell swoop. After the previous historical high of 2798 was effectively broken, it was difficult for the market to find the pressure level from a purely technical perspective. After further breaking through 2800 and 2810, the upward space was also continued to open. Pay attention to a few points in the layout of this trading day: In terms of the general trend, for bulls, the current support point is around 2770, which is the point where it bottomed out and stabilized last Wednesday, which is also the starting point. Our team of professional senior gold analysts It is believed that in accordance with the principle that a strong retracement will not break the starting point, as long as the market price remains trading above 2770, the market's bullish atmosphere will not change significantly. Short-term suppression at the opening of this week appeared near 2808, but it is difficult for the market to reverse quickly at this stage. In terms of trend operation, our team of professional and senior gold analysts believes that although callbacks occur from time to time during the session, there is no reason to reverse the trend, so we should still go long with the trend when we step back.

The market price has been oscillating and correcting around 2800. This correction is a strong oscillation with the low point moving up and the high point remaining at a uniform level. In other words, the market price still maintains a strong posture in the process of correcting the previous round of rise, highlighting the strength of the current market trend. After the market price hit 2817, the current low point of the retracement is around 2790. This position is regarded as the short-term support point of the retracement. This week, the focus of the layout can be to arrange long orders above 2770, and the layout will continue to rise after the correction; of course, if the market price unexpectedly falls below the support low of 2790, then it will inevitably increase the retracement and then fluctuate. At this time, we should pay attention to the support situation in the 2775-2770 area before considering going long. Gold's stabilization of 2730 last week heralded the end of the consolidation and correction. Our team of professional and senior gold analysts recommend starting a new upward wave starting from 2770. We can continue to follow the follow-up layout on this week's trading day. Short-term Mainly focus on the support level near 2790. The market effectively fell below 2790, with the lowest reaching 2772. Then it will turn from unilateral strength to high shock. Pay attention to the support of 2770 before considering more. Overall, our professional and senior gold analyst team recommends that the short-term operation of gold today is mainly to go long at low levels, supplemented by shorting at high levels of rebound. Pay attention to the resistance of 2805-2810 on the upper side in the short term, and pay attention to the support of 2765-2768 on the lower side in the short term.

Today's Asian session opened with a deep retracement and confirmed. If the intraday retracement to 2765-2768 does not break, the bullish trend will remain unchanged. On the contrary, if the gold price falls below 2765-2768, it is expected to usher in a daily level turning point and close negative adjustment. In short, today's gold price will make further long and short arrangements around this position. The strong resistance above will focus on the vicinity of 2818-20.

Gold operation strategy:

1. Go long on gold retracement to 2765-2768, stop loss 2757, target 2798-2800; continue to hold if it breaks!