CPT MarketsExpectations of interest rate cuts and central bank buying assistance for gold prices reaching historic highs2354beautiful...

gold/dollar(XAUUSD)：

News event: Gold prices hit historic highs in the mid North American session on Monday 2,354 The US dollar will fall later. Due to the rise in US Treasury yields and the limited possibility of further interest rate cuts by the Federal Reserve, gold prices continue to rise. The expectation of interest rate cuts by the Federal Reserve and central bank buying are still the main drivers of the rise in gold prices.

The latest employment report shows that the economy has added more jobs than expected, and the unemployment rate has decreased. Meanwhile, the expectation of interest rate cuts by the Federal Reserve is being adjusted, and investors speculate that the Federal Reserve may7Month instead of6Interest rates will start to decrease in the month.

Technical analysis: Gold is currently constantly reaching new highs, so it is still bullish. However, as it is about to reach the high point of the upward channel, attention has been paid recently to whether there is an opportunity for a reversal of the structure and a short selling opportunity.

Resistance level: 2353.45 support level:2267.61

crude oilPrice difference contract(WTI)：

News Event: West Texas Medium Crude Oil, USA（WTI）The price opened with a bearish gap on the first day of the new week and further fell from the over five month high hit on Friday.

Israel has withdrawn more soldiers from southern Gaza and promised new negotiations with Hamas on a possible ceasefire, easing concerns about further escalation of the conflict and the risk of Middle East oil supply disruptions.

Technical analysis: Currently, crude oil is at the intersection of the weekly downward channel and the daily upward channel, and there is an opportunity for a market structure transition to further test the key weekly pressure line.

Resistance level: 86.15 support level:80.32

CPT MarketsRisk Tips and Disclaimers : The above article content is for reference only and is not intended as future investment advice.CPT Markets The articles published are mainly based on international financial data reports and international news as reference.