Yesterday's main news

  - A bipartisan procedural vote on the infrastructure bill is scheduled for Wednesday and Biden supports it.

 US API crude inventories rose by 806,000 barrels last week, far exceeding expectations.

 - New crown-positive cases related to the Tokyo Olympics reached 67, not excluding the last-minute cancellation of the Games.

 - EU proposes banning anonymous cryptocurrency transactions.

 - The Biden team believes the chip supply will increase.

 - Japan's inflation has also exploded, with core CPI hitting a 15-month high.

 - The United States announced an extension of the "State of Public Health Emergency" for 90 days.

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Comment on Gold on 20/07/2021

- In yesterday's trading session, precious metal Gold had quite strong declines from 1817 to 1794 ($23) after touching this price range Gold had a quick bounce back to 1815 and closed the session.  Trade with a bullish pullout candle.  With the end of the day like that in my personal opinion the momentum will be maintained in the beginning of today's trading session.

 - Looking at the shorter-term timeframe H4 we can see the intraday support of the precious metal Gold around 1808-1810.  Here we can establish a long position with the safe target that is the "old top" zone at 1827-1830.

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Comment on Gold on 19/07/2021

  - In the early trading sessions of last week, precious metal Gold had bounces up to the price area of ​​1834, however, in the last trading session of the week, the selling pressure dropped to 1809 and closed the week's session with a tree.  The green candle rallied but the increasing force was not strong, so in my opinion, the selling pressure from the end of last week will still affect the precious metal. Gold early this week.

In terms of a shorter time frame than H4, currently Gold is having upward forces and I expect this precious metal can recover to around 1820-1825 if it can reach this price range, then this is the price range.  ideal for us to establish a short position in precious metal Gold with a target of 1804-1807.

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Check out the news happening in the last 24 hours

 

 1️⃣ Yesterday's main news

 - Fed Chair Powell: It's too early to shrink debt.

 - Federal Reserve Evans: If unemployment hits 4.5%, policy could be adjusted.

 - US Treasury Secretary Yellen: Inflation will continue for several months.

 - The US asked for data to continue to refresh at a low level early last week.

 - OPEC June crude oil production increased by 586,000 bpd.

 - Rumor has it that Iran is not ready to resume nuclear negotiations before the new president takes office.

 - “New Debt King” Gundlach: In the long term, the outlook for the dollar will not be favorable

 2️⃣ Financial facts and data today

 - Bank of Japan announces interest rate solution and inflation report.

 - Governor of the Bank of Japan Haruhiko Kuroda holds a press conference.

 - The final value and monthly rate of the euro area CPI annual rate for June.

 - US monthly retail sales rate for June.

 - FOMC Standing Voting Committee and New York Federal Reserve Chairman Williams will deliver speeches.

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Comment on Gold on 15/07/2021

  After 6 days of trading sideways in the range of 1790-1818, in yesterday's session, precious metal Gold had a break out of this accumulation area.  Closing yesterday's session with a bullish candle with quite strong force.  With the strong increase in candle power and the break of the previous sideways range, the precious metal Gold, in my opinion, is likely to continue to gain momentum in today's session.

Switching to a shorter-term time frame than H4 we can see the precious metal Gold is facing a short-term resistance around 1828 so it is likely that here Gold will tend to correct slightly around 1820.  and this is also a good price zone for us to establish a buy position with precious metal Gold with the target to be the next resistance around 1840-1848.

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Check out the news that happened in the last 24 hours

 

 1️⃣ Yesterday's main news

 - US June CPI data hits new high in almost 13 years.

 - Fed Brad: It's time to withdraw stimulus measures.

 - Fed Bostic: High incarceration rate leads to the goal of full employment and US economic growth.

 - European Central Bank Commissioner Centeno said the rise in inflation in the euro area was temporary.

 - IEA Monthly Report: Unless OPEC+ increases production, the oil market will "tighten significantly".

 - French Monetary Authority: Cryptocurrencies need to be regulated by the whole EU.

 - Fitch: Confirms that the US is rated "AAA", and the outlook is negative.

 2️⃣ Financial facts and data today

 - New Zealand interest rate decision.

 - monthly US PPI rate in June.

 - Central Bank of Canada decides interest rate

 - EIA crude oil inventories from the United States through the week of July 9

 - Fed Chairman Powell will have a hearing.

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Check out the news happening in the last 24 hours

  1️⃣ Yesterday's main news

 - New York Fed survey shows inflation expectations set new high.

 - Fed Williams: Has not met the criteria for reducing debt purchases.

 - The winning yield on the 10-year US Treasury bond hit a new low since February.

 - US Commerce Secretary Raymondo: is pushing the White House to relax travel restrictions on the US.

 EU plans to impose taxes on digital services have been shelved.

 - There are rumors that OPEC+ has not made progress in resolving the stalemate.

 Iran's Foreign Ministry: Iran's nuclear talks are close to reaching "results"

 2️⃣ Financial facts and data today

 - The Bank of England releases the financial stability report for July 2021.

 - IEA publishes monthly crude oil market report.

 - US June US off-season adjusted annual CPI / seasonally adjusted monthly rate CPI.