Rising bullish sentiment Expecting Gold Performance

goldaspect:

US goodsfuturesCommittee as of7month18Speculative long positions in gold futures increased during the current week23250Hand contract, to147644Hand. Net long115318Hand contract. The data shows that the current bullish sentiment in the market has been pushed up to2022year3The highest level since January suggests that gold prices may further rise in the future.

Additionally, although investors are aware that the Federal Reserve's current interest rate hike cycle is nearing its end, the market is optimistic that the Federal Reserve will raise interest rates within the year1Secondary or2There is still uncertainty, and only when the Federal Reserve clearly indicates the completion of interest rate hikes will gold prices regain their luster, and short-term gold prices may be in a waiting and seeking upward breakthroughs.

Technical aspect: On the daily line, the previous trading day's market was down first and then up, closing with a longer down shadow and a positive line. The previous pullback is expected to end. In terms of indicators, the market is still in a good state20Above the daily moving average, bulls still dominate. Follow Above in the Day1980Under pressure from the US dollar, follow below1940One line support for the US dollar.