Everything is ready, only the east wind is missing; today the big cake will continue to rise, and no rebuttal will be accepted!
During the Asian trading session on Sunday, the big cake was consolidated around 60k, and the short-term trend did not change much. Looking back at the overall trend this week, it was mainly based on shock consolidation. It should not fall, and there must be a big rise!
While you are staring at the rise and fall of the big cake, the international gold price hit a record high on Friday;
Boosted by the market's expectations of the Fed's upcoming interest rate cut, the international gold price broke through $2,500/ounce for the first time on Friday, and the increase once reached 1.8%, breaking the highest record just set last month.
The start of new housing in the United States was lower than expected, which strengthened the market's expectations that the Fed would quickly and vigorously cut interest rates.
In addition, the tense situation in the Middle East and the continued conflict between Russia and Ukraine have led to an increase in demand for gold as a safe-haven asset due to rising geopolitical risks. The overall gold price has risen by about 20% this year.
