Happy weekend everyone🌹❤️

The gold market continues its downward trend, failing to rebound on Friday, with the overall movement remaining weak.
The new Federal Reserve Chair Jerome Powell officially took office, and based on related statements, the current policy focus is on boosting the economy. The Fed's stance has shifted to a more hawkish tone, with expectations of rate cuts cooling down, and a clear tendency to keep interest rates stable.

Geopolitically, Gulf countries are pushing for negotiations between the US and Iran, and foreign media reports suggest that both sides have reached a consensus on nuclear issues, which was quickly denied by Iran. Disagreements still exist between the parties, and the situation in the Strait of Hormuz remains uncertain.

Currently, the risk-averse capital flow logic is gradually shifting towards the US dollar. Even if there are short-term positive signals from peace talks, their impact on gold is limited, and subsequent funds are likely to flow more into the stock market.

From a technical perspective, Friday's trading ultimately closed with a bearish candlestick, failing to stabilize with a bullish close. It is expected that gold will remain under pressure next week, and the downward trend is likely to continue. #TradFi交易分享挑战 #黄金