EmIiy/Assistant.

#XAUUSD #GOLD #PPI #FED #USA #CPI #Iran #Warsh Yesterday, influenced by the CPI data, gold briefly surged to around $4100. Overnight, it immediately retreated, and continued to fall in early trading today. The short-term downtrend is unlikely to be reversed by a single data release; such rapid, immediate price fluctuations are unreliable. Currently, the market's focus remains on the US-Iran conflict. Continued US strikes against Iran have led to a resurgence in oil prices, increased inflation expectations, and rising interest rate hike expectations. At present, the only topics the US seems to have for speculation are the Iranian strikes and the resulting interest rate hikes. Meanwhile, global tech stocks have fallen from their highs, and capital has begun its withdrawal, making a crisis imminent. Now, we await the market's tipping point. When the crisis erupts, the market will be reshuffled; stocks that should have risen will catch up, and those that should have fallen will plummet. In the short term, the positive CPI data provides bottom support, but selling pressure above $4100 is heavy. Today's PPI data, coupled with Warsh's Senate testimony, will determine whether the $4100 resistance level can be broken. The FOMC's decision to keep rates unchanged on July 28th is virtually certain, but the expectation of a September rate hike remains as high as 63%, which is the ceiling for gold prices. If retail sales are strong on July 17th and the Iranian withdrawal escalates, gold prices may retest $4000. In the short term, the first resistance level to watch is $4040. If gold prices fail to break through this level, short positions can be initiated again, targeting $4000-$3980. If gold prices hold above $4040, shorting opportunities can be sought in the $4070-$7080 range.

#XAUUSD #GOLD #PPI #FED #USA #CPI #Iran #Warsh Yesterday, influenced by the CPI data, gold briefly surged to around $4100. Overnight, it immediately retreated, and continued to fall in early trading today. The short-term downtrend is unlikely to be reversed by a single data release; such rapid, immediate price fluctuations are unreliable. Currently, the market's focus remains on the US-Iran conflict. Continued US strikes against Iran have led to a resurgence in oil prices, increased inflation expectations, and rising interest rate hike expectations. At present, the only topics the US seems to have for speculation are the Iranian strikes and the resulting interest rate hikes. Meanwhile, global tech stocks have fallen from their highs, and capital has begun its withdrawal, making a crisis imminent. Now, we await the market's tipping point. When the crisis erupts, the market will be reshuffled; stocks that should have risen will catch up, and those that should have fallen will plummet. In the short term, the positive CPI data provides bottom support, but selling pressure above $4100 is heavy. Today's PPI data, coupled with Warsh's Senate testimony, will determine whether the $4100 resistance level can be broken. The FOMC's decision to keep rates unchanged on July 28th is virtually certain, but the expectation of a September rate hike remains as high as 63%, which is the ceiling for gold prices. If retail sales are strong on July 17th and the Iranian withdrawal escalates, gold prices may retest $4000. In the short term, the first resistance level to watch is $4040. If gold prices fail to break through this level, short positions can be initiated again, targeting $4000-$3980. If gold prices hold above $4040, shorting opportunities can be sought in the $4070-$7080 range.

#XAUUSD #GOLD #PPI #USA #FED #Warsh Today's focus is on PPI data and the Warsh hearing. Today's PPI data, combined with Warsh's Senate testimony, will determine whether the price can break through the $4,100 resistance level.