USD/JPY trades at 159.359 after gaining 41 pips from Monday's open, with Tokyo inflation data and US GDP the key tests ahead.
Gold closed Wednesday at $4495.72, down $71.05 or 1.6% from Monday's open of $4566.77. The metal hit a weekly high of $4580.03 on Monday before sliding to a low of $4482.51 on Tuesday.
Tuesday's sharp drop saw gold lose $40 in a single session as Goldman Sachs raised their S&P 500 year-end target to 8,000. The bullish equity outlook triggered rotation out of safe havens, with volume spiking to 173,550 contracts compared to Monday's 120,005.
The remainder of this week shows no high-impact economic releases on the calendar. Without scheduled catalysts, gold will likely continue reacting to equity market sentiment. If stocks extend gains Thursday or Friday, the $4480 Tuesday low comes back into focus. If risk appetite reverses, $4525 resistance from Wednesday's high becomes the first test.
Current positioning shows 55.3% of traders long and 44.7% short as of Wednesday morning. The modest long skew suggests traders are not panicking despite this week's decline, keeping dry powder for either a bounce from support or further weakness below $4480.
Gold is testing the psychological $4500 level after bouncing from Tuesday's $4482.51 low. If price holds above $4490 through Thursday's session, buyers may attempt to reclaim $4520. A break below $4480 would confirm the bearish momentum and open the door for further selling. Trade gold's reaction to these key levels with LHFX's tight spreads and fast execution.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
EUR/USD sits at 1.16379 after grinding sideways for three days, with positioning nearly balanced at 51.6% long.
LHFX bestaan uit die volgende entiteite:
LHFX is 'n handelsnaam van Longhorn Ltd, 'n Mauritiuse maatskappy gemagtig en gereguleer deur die Financial Services Commission Mauritius onder die Investment Dealer-lisensienommer GB23202204, Kode SEC-2.1B. Kantooradres: Suite 102, 1ste Verdieping, Sterling Tower, 14 Poudriere Street, Port-Louis, Mauritius. GBC-nommer C200455
LHFX SA (PTY) Ltd is 'n gemagtigde Finansiëlediensverskaffer ("FSP") geregistreer en gereguleer deur die Finansiële Sektor Gedragsowerheid ("FSCA") van Suid-Afrika onder lisensienommer 52816. Geregistreerde adres: 1 Hood Avenue Rosebank Johannesburg Gauteng 2196
Longhorn Ltd bied nie Fiat-wisselkursdienste of Kriptogeldwisselkursdienste aan nie.
Die inligting op hierdie webwerf stel nie 'n aanbod of uitnodiging voor om aan enige beleggings- of handelsaktiwiteit deel te neem in enige jurisdiksie waar sodanige aktiwiteit in stryd sou wees met plaaslike wet of regulasie nie, en moet ook nie so vertolk of verstaan word nie.
LHFX verskaf nie dienste aan burgers en inwoners van die Verenigde State of enige land waar sodanige verspreiding of gebruik strydig sou wees met plaaslike wet of regulasie nie.
RISIKAWAARSKUWING
Margehandel in buitelandse valuta, virtuele bates of ander buite-beurs-produkte op marge dra 'n hoë vlak van risiko en is moontlik nie vir almal geskik nie. Ons adviseer u om noukeurig te oorweeg of handel vir u gepas is in die lig van u persoonlike omstandighede.
CFD's is komplekse instrumente en dra 'n hoë risiko van geldverlies as gevolg van hefboom. Oorweeg of u verstaan hoe CFD's werk en of u die hoë risiko van geldverlies kan bekostig.
Belasting mag betaalbaar wees op enige winste en u behoort onafhanklike advies oor u belastingposisie in te win.
