AntonyTP

AntonyTP Updated 

After the CPI inflation data released yesterday, the market predicts that the probability of the Fed cutting interest rates by 50 basis points at the meeting next week has dropped from 44% a week ago to 13%, so the probability of a 25% basis point rate cut in September has basically become a foregone conclusion. Smaller and more conservative rate cuts are not good...

AntonyTP Updated 

At present, the controversy over whether the Fed will cut interest rates by 25 basis points or 50 basis points in September is still uncertain. Since March this year, the US CPI data has continued to decline, and this CPI is the last heavy data before the Fed's September meeting, and it is also the last chance to shake the expectation of interest rate cuts. As of...

AntonyTP Updated 

From the hourly chart, we can see that the 0.5 Fibonacci retracement is 2507, and the swing level of 2500-2505 has now formed a breakout pattern, so this range has now turned into support. Now as long as it can break through 2507, the gold price is likely to form a high again and try to touch the 2530 line. So far this week, the volatility is not large. The...

AntonyTP Updated 

The August NFP data released by the United States last Friday was 142,000, lower than the expected 160,000 and higher than the previous value of 89,000. At the same time, although the unemployment rate was in line with market expectations, it was actually the first decline in 5 months, which caused the gold price to rebound to 2529 and then fall to 2485. From the...

AntonyTP Updated 

Yesterday's ADP data showed an increase of 99,000 jobs, the lowest since January 2021, significantly lower than the expected 145,000 and the previous value of 122,000. This provided a significant positive for gold. Fortunately, the subsequent initial jobless claims and two PMI data were negative, which suppressed the rise of gold and prevented the expectation of a...

AntonyTP Updated 

In yesterday's article, we pointed out the importance of the support area of ​​2470-2480, and the trend of this decline is almost the same as that in August, so we bought bullish in this range, and the result was very good. Judging from the strength of the last rebound, the highest gold price tried to break through 2532. Similarly, I am optimistic that gold will...

AntonyTP Updated 

Yesterday, the price of gold bottomed out and rebounded after falling to 2473. Now the price of gold has come here again. I think the low point of this decline is likely to be here. From the 4H chart, we can see that the range of 2470-2480 is the key resistance level that has not been broken in the previous many attacks. After breaking, it has turned into...

AntonyTP Updated 

Yesterday was Labor Day in the United States. The amplitude of gold was very small and we did not participate in any transactions. Today the market is back on track and it is time to open our transactions! Gold fundamentals: Tensions in the Middle East have escalated again, and risk aversion has rekindled. Due to the recent positive economic data, the U.S....

AntonyTP Updated 

Last Friday, as the performance of the US PCE data did not support the Federal Reserve's 50 basis point interest rate cut, the US dollar index rebounded and gold investors took profits, which caused the gold price to fall directly below the 2,500 round number mark. Considering that the U.S. market is closed today, the market fluctuations will not be too large, so...

AntonyTP Updated 

Yesterday we sold at 2525 and closed at 2515. Just now, the gold price rebounded to 2525 again. I notified in the channel that I had done such a transaction again, and now it has been closed with profit. I believe that friends who have followed my trading strategies have made huge profits. Congratulations to everyone. The 2525-2530 area has not broken for 5...

AntonyTP Updated 

As can be seen from the figure, my two trend prediction lines were drawn very accurately. It is a pity that we were in the 2500-2505 buying range, and the two buying orders were all profit-taking before the market closed. The best performance of these two rises was in the Asian session of the next day. During that period, I was still sleeping in Europe, which was...

AntonyTP Updated 

Gold fundamentals: The US dollar continued to fall, closing at a low of 100.55, and fell 3.2% in August, the largest monthly drop since November 2022, which significantly increased the attractiveness and demand for gold. The market's expectation of a rate cut in September is almost a foregone conclusion. The current focus is on the possibility of a 50 basis point...

AntonyTP Updated 

Can gold continue to rise and set a new high? Yesterday, the price of gold fell first and then rose, continuing the upward trend of last Friday, and has been fluctuating at a high level, reaching a high of 2526 points. Our 2510-2515 buying range is just at the lowest point of the callback, and the profit margin at the highest point is more than ten US dollars,...

AntonyTP Updated 

Gold market fundamentals: Powell made a speech on interest rate cut last Friday. The September interest rate cut is a foregone conclusion, and the probability of a 50 basis point interest rate cut has increased. The US dollar index and US Treasury yields continue to fall. The Middle East and Russia-Ukraine geopolitical crises are intensifying, and risk aversion...

AntonyTP Updated 

Yesterday, the price of gold fell rapidly after breaking the 2500-point integer mark, falling as low as 2470, with a range of 30$. This coincides with my previous point of view. Yesterday, we bought near 2500, stopped loss in time after breaking, and turned to chasing the decline, making up for the loss caused by the buy order and earning 4K. Now the gold price...

AntonyTP Updated 

Gold Market Fundamentals: Investors are largely convinced that a rate cut will happen in September, with the U.S. Dollar and Treasury yields continuing to decline, providing strong support for gold prices. Revised data from the U.S. Department of Labor reflects growing Fed concerns over the labor market, reinforcing expectations of a rate cut. Escalating...

AntonyTP Updated 

I have some personal matters today, so I don't have time to update you with detailed trading strategies. I will just briefly talk about it. At present, there is a risk of a correction in gold. If it cannot continue to break the previous high, I will not continue to be bullish. 2500 is a key point. If it breaks, it may adjust downward by 30-50$, so you need to pay...

AntonyTP Updated 

Gold Market Fundamentals: The current rise in gold prices reflects the market's intense focus on Fed policy. The market widely expects a rate cut in September, with a 77.5% chance of a 25 basis point cut and a 22.5% chance of a 50 basis point cut, which supports gold prices. This week's focus is on the Fed's policy minutes and Powell's speech at the Jackson Hole...