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Gold rebounded after hitting a low yesterday, is there a possibility of a reversal of the downtrend?

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Overnight Market Review (2022.5.16) The relief brought by signs of inflation peaking last Friday offset market concerns that the Fed’s tightening policy could tip the economy into recession. The dollar slipped, U.S. stocks rebounded and oil prices jumped. This week focuses on U.S. retail sales, GDP in the euro area and Japan, among others.
Global gold market: Gold prices fell last week, falling for a fourth straight week, as a strong dollar and more aggressive U.S. interest rate action loomed, denting appetite for gold. Gold futures were down 0.9% at $1,808.20 an ounce.
U.S. stock index futures fluctuated slightly before the market on Monday, as the market awaits retail sales data and earnings reports from retail giants this week to understand how U.S. consumers are spending, especially if inflation remains high.
Meanwhile, the outlook for the Federal Reserve’s monetary policy and its possible blow to the economy also dampened markets. Data released before the market showed that the U.S. New York Fed manufacturing index unexpectedly recorded a negative value of -11.6 in May, the lowest since May 2020 and far below the market expectation of 17. However, lacklustre economic data could dampen the chances of aggressive rate hikes by the Fed.

Trading strategy deployment: it is recommended to do more at low levels

All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.

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Risk Warning : Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. 

Risk Warning:
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Lepanto Financial Advisers Limited is the holding company of Ultimate Pinnacle Limited. (Address: Fifth Floor, Suite 23, 63/66 Hatton Garden, London, England, EC1N 8LE). All services and products accessible through the site www.upfxtrade.com are provided by Ultimate Pinnacle Limited with the registered address Suite 305, Griffith Corporate Center P.O Box 1510, Beachmont Kingstown St.Vincent & the Grenadines.

Ultimate Pinnacle Limited is a limited liability company established in Belize as an operating subsidiary within the Lepanto Group of companies (collectively “Ultimate Pinnacle”) under Registration No. 173474 and having its registered address at No. 1 Corner of Hutson Street and Marine Parade, Belize City, Belize.

Lepanto Financial Advisers Limited is the holding company of Ultimate Pinnacle Limited. (Address: Fifth Floor, Suite 23, 63/66 Hatton Garden, London, England, EC1N 8LE). All services and products accessible through the site www.upfxtrade.com are provided by Ultimate Pinnacle Limited with the registered address Suite 305, Griffith Corporate Center P.O Box 1510, Beachmont Kingstown St.Vincent & the Grenadines.
Ultimate Pinnacle Limited is a limited liability company established in Belize as an operating subsidiary within the Lepanto Group of companies (collectively “Ultimate Pinnacle”) under Registration No. 173474 and having its registered address at No. 1 Corner of Hutson Street and Marine Parade, Belize City, Belize.

Lepanto Group Pty Ltd is authorised and regulated by the Australian Securities & Investments Commission, ASIC (ACN: 072 424 830)

Ultimate Pinnacle Limited is a company authorised and regulated by the National Futures Association (NFA ID: 0537666)

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