Against the backdrop of a strengthening US dollar index, spot gold has shown divergence today. It retreated from a high of around 4587 to approximately 4577, facing short-term resistance. This wave of correction is expected to find support in the range of 5390-5400 dollars.
Simultaneously, observe the performance of $SOL and $BNB in the crypto market, both of which still exhibit correlation with risk assets. The ongoing US trade deficit data continues to influence exchange rates, thereby affecting commodity pricing. As a safe-haven asset, $XAU needs to find its rhythm within these macro factors in the short term.
Bearish outlook: 4587↓4577, with a higher probability of further decline. The key depends on whether the strength of the dollar can continue to be maintained.
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CryptoMotivator
· 7h ago
The US dollar is flexing its muscles again. The recent correction in gold really depends on the Federal Reserve's stance... SOL and BNB are tied to risk assets, and macro movements cause them to shake.
There is indeed a probability of a short-term dip, but the real question is how long the dollar can hold up. It feels like we need to wait for macroeconomic data to be released before taking action.
In the short term, gold must find its rhythm within these macro environments. As a safe haven, it still depends on the market, especially as the trade deficit remains in place.
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LiquidityLarry
· 7h ago
The US dollar is acting up again, and this wave of gold correction feels a bit fake. The key is to watch the Federal Reserve's attitude moving forward.
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WhaleWatcher
· 7h ago
If the US dollar continues to be strong this time, gold will also have to go lower, but whether the 5390 level can hold is the key.
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bridgeOops
· 7h ago
The strength of the US dollar this time doesn't seem sustainable for long. Isn't that always the case based on historical experience? Precious metals are indeed struggling in the short term.
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GasFeeAssassin
· 7h ago
The US dollar is causing trouble again; it feels like the gold correction isn't over yet.
SOL and BNB are linked to risk assets, and I'm tired of this logic—it's all just dancing to macro data.
There might be a chance for a short squeeze; it all depends on how long the dollar can hold up.
Short-term, gold's rhythm is indeed hard to grasp, as the trade deficit variable is too disruptive.
The key support level at 5390-5400—whether it can hold or not—if it can't, there will be further declines.
#美国贸易赤字状况 Precious Metals Short-term Pullback Opportunity
Against the backdrop of a strengthening US dollar index, spot gold has shown divergence today. It retreated from a high of around 4587 to approximately 4577, facing short-term resistance. This wave of correction is expected to find support in the range of 5390-5400 dollars.
Simultaneously, observe the performance of $SOL and $BNB in the crypto market, both of which still exhibit correlation with risk assets. The ongoing US trade deficit data continues to influence exchange rates, thereby affecting commodity pricing. As a safe-haven asset, $XAU needs to find its rhythm within these macro factors in the short term.
Bearish outlook: 4587↓4577, with a higher probability of further decline. The key depends on whether the strength of the dollar can continue to be maintained.