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10 Feb, 2025
5 minutes

Daily Technical Analysis:AUD/USD、Gold

Welcome to our daily technical analysis of the financial markets, focusing today on AUD/USD and Gold. Let's dissect the latest news, market trends, and crucial price levels to watch out for.

1. AUD/USD Analysis:
News Summary:
The latest Australian household spending data shows that private consumption may grow stronger in the fourth quarter of 2024 than expected by the Reserve Bank of Australia. However, given the erratic record of household spending data and the distortion caused by year-end sales activity, the RBA may place more emphasis on recent weak CPI data. The Fed is still expected to begin its easing cycle later this month.

Trend Analysis:
We can see AUD/USD rebounded and moved near the 48 hours moving average on H4 chart. In addition, the MACD double line and energy bar expand above the zero axis. The buy limit could be placed, stop loss is necessary.

Today's Key Price Levels:
Key Support Levels: [0.6200]
Key Resistance Levels: [0.6350]
Pivot Points [0.6230]

 

 

2. Gold Analysis:

News Summary:
The gold market continued its strong upward trend, with prices rising for a sixth consecutive week on the back of multiple positive factors and hitting a new all-time high in trading. One of the main driving factors is the surge in safe-haven demand, especially in the context of increased global political and economic uncertainty, with investors flocking to gold, a traditional safe-haven asset. Gold prices will maintain strong upward momentum in the medium to long term.

Trend Analysis:
We can see gold continues to rise and runs above the 48 hours moving average. On the other hand, the MACD double line and energy bar converge above the zero axis. The buy limit could be used, stop loss is compulsory.

Today's Key Price Levels:
Key Support Levels: [2854]
Key Resistance Levels: [2900]
Pivot Points [2867]

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