Macro Markets Gianthui Inspection Field: Gold prices may quickly return to the rise

At the end of the Asian city, the spot gold maintained a slight decline within the day, and the price of gold is currently traded near $ 2042/ounce.

Federal officials' pigeons have weakened their demand for the US dollar.Before the US PCE inflation data was released, the golden fixation increased this week.

The recent trend of gold shows that the price of gold may soon return to the rise.

At 21:30 Hong Kong time, the United States will announce the October Personal Consumption Expenditure (PCE) price index.As the Fed's most popular inflation indicator, the core PCE price index changes in the year -on -year change on policy makers.

Authoritative media surveys show that the US October PCE price index increased by 3.0%year -on -year, and in September, it increased by 3.4%.The US Core PCE price index in October was expected to climb 3.5%year -on -year, and the previous September increased by 3.7%.

Market participants are currently waiting for U.S. inflation data.The United States will announce the core PCE price index in October. The index is the Fed's favorite inflation indicator, which is expected to increase by 3.5%year -on -year, below 3.7%in September.Other signs of price pressure may boost optimism and weaken the needs of the dollar.

Gold short -term technical prospects

The golden daily diagram shows that the bulls are temporarily breathing, but still control the situation.The price of gold continues its upward momentum on all its mobile average, and at the same time, it has shifted up high and low.At the same time, the technical indicators have lost the power of watching bullishness, and they are currently consolidating near the over -buying data.

The 4 -hour trend chart shows that the price of gold may soon recover.Technical indicators have fallen from extreme super -buying levels and stabilized above the midline.At the same time, the 20 -cycle simple moving average (SMA) maintains its firm littering rate, far lower than the current gold price level, while higher than 100 cycles SMA and 200 cycle SMA.