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**Exclusive Report: Recent Surge in Global Gold Prices** In recent weeks, the international gold market has witnessed a continuous rise in gold prices. As of last week, gold prices had climbed for a second consecutive week. On the early morning of the 21st of this month, the Federal Reserve released the minutes of its January monetary policy meeting. The Fed officials conveyed optimism, projecting sustained economic expansion, a robust job market, and inflation close to their target. Almost all members expressed the desire to end balance sheet reductions later this year, while a few officials hinted at possible interest rate hikes in 2019 if the economy remains on track. This announcement caused gold to give up some of its earlier gains. Additionally, the world’s largest gold ETF maintained its reduced holdings. However, on the 22nd, gold prices surged again, supported by the increasingly bleak global economic outlook, which buoyed the precious metal. Since September of last year, gold prices have been on a steady upward trend. Entering 2019, this bullish momentum has continued, with prices rising 3% in January alone. Data from the World Gold Council indicates that global central banks increased their official gold reserves by 651.5 tons in 2018, a 74% year-on-year growth. This represents the highest level of central bank gold purchases in 50 years. In December last year and January this year, China's central bank bought gold for two consecutive months, accumulating 700,000 ounces. However, market analysts warn that the recent rapid increase in prices may lead to a correction in the short term. Over the long term, the U.S. economic data lacks sufficient support for the dollar to rise, keeping the outlook for gold bullish. **Technical Analysis** Last week, gold experienced a high point before pulling back, closing lower. After opening the week continuing its upward trajectory, gold reached a peak of ,346.54 per ounce mid-week. However, as the dollar paused and consolidated, the gold price followed suit. The weekly chart shows a longer upper shadow, indicating a potential for short-term retracement unless last week's upper levels are recaptured. Moreover, the daily chart has formed an evening star candlestick pattern, signaling possible downward pressure. On Friday, there was a small rebound, largely supported by the 10-day moving average. The 4-hour chart also displayed a pullback correction, with prices meeting resistance near the 50% Fibonacci retracement level, just below the middle band of the Bollinger Bands. Currently, gold is fluctuating between the upper and middle bands of the Bollinger indicator, with upward-facing moving averages suggesting a possible rebound. Looking at the 4-hour chart, the early morning session showed a slight upward movement. The KDJ indicator's three lines converged at a low level before moving sharply higher, while the MACD's fast and slow lines showed a deceleration in their downward trend. Overall, last Friday’s session saw a notable upward movement, stabilizing gold at critical levels. In the short term, the trend indicates that there is still room for further upward movement. Today’s session is expected to see mild gains, with particular attention on U.S. market data during the evening session. Traders should focus on support around ,325-,328 and resistance at ,335-,338. **Trading Recommendations** 1. **Buy** at ,328, set a stop loss at 4 points, with a target of ,335-,338. 2. **Sell** at ,338, set a stop loss at 4 points, with a target of ,328. For more real-time updates, trade strategies, and guidance, follow [WeChat handle] for live insights!