With a single statement from Trump, the dollar and Gold suddenly had a "dramatic change"! Gold prices unexpectedly showed a V-shaped rebound. How to Trade Gold?
#Gold Technical Analysis# 24K99 News On Thursday (January 23), during the New York trading session, due to the dollar plummeting in response to President Trump's call to lower interest rates, spot gold rebounded significantly from the intraday low, ultimately closing near $2755 per ounce.
GLD ETF Declines 0.1%
SPDR Gold ETF Options Spot-On: On January 23rd, 150.54K Contracts Were Traded, With 2.28 Million Open Interest
On January 23rd ET, $SPDR Gold ETF(GLD.US)$ had active options trading, with a total trading volume of 150.54K options for the day, of which put options accounted for 56.05% of the total transactions,
Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Thursday as Investors Turn Cautious Ahead of Data, Earnings
Gold remains at a high level, and the decline in oil prices seems unstoppable: how does the market interpret the Trump effect?
Has the rise of Gold slowed down due to a technical correction or a fundamental turning point? Oil prices have fallen for five consecutive days, and the market is waiting for further guidance on Trump's policies...
Gold is brewing for the next surge! Senior Analyst: If it closes above this level, Gold prices are expected to target historical highs.
On Thursday morning in the European market, spot Gold maintained a moderate decline during the day, currently priced around $2753 per ounce. FXStreet Senior Analyst Dhwani Mehta stated that the Gold price must seek a daily closing price above the November 2024 high of $2762 per ounce to aim for the next target near the resistance level of $2790 per ounce.