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Live Updates  >  Live Update Details

2025-11-07 09:14:43

[Spot Gold Short-Term Trading Strategy: Cautiously Buy on Dips, Cautiously Sell on Rallies] 1. Analysis: The ongoing US government shutdown and the Supreme Court justices' skepticism regarding the legality of President Trump's comprehensive tariffs, coupled with significantly worsened US layoff data, caused the dollar to plummet below the 100 mark, supporting gold prices. However, Fed Chair Hammarck's opposition to further interest rate cuts and Chicago Fed President Gould's call for caution have made gold bulls hesitant. 2. Key Focus: Speeches by Fed officials, news related to the US government shutdown, and the preliminary November University of Michigan Consumer Sentiment Index. 3. Resistance: 4003; 4020; 4046; 4. Support: 3974; 3964; 3928

Real-Time Popular Commodities

Instrument Current Price Change

XAU

4006.53

29.68

(0.75%)

XAG

48.676

0.679

(1.41%)

CONC

60.10

0.67

(1.13%)

OILC

64.05

0.63

(0.99%)

USD

99.846

0.137

(0.14%)

EURUSD

1.1532

-0.0014

(-0.12%)

GBPUSD

1.3115

-0.0021

(-0.16%)

USDCNH

7.1250

0.0062

(0.09%)

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