24/7 SUPPORT
Download App
Published: 15 May 2026,07:15
Daily Market Analysis New
*U.S.–China discussions remain constructive despite limited breakthroughs
*Strong U.S. economic data continues supporting the dollar
*Rising Treasury yields reinforce bullish dollar momentum
The latest round of U.S.–China discussions remained relatively smooth, helping improve overall market sentiment despite the absence of any major breakthrough. Discussions between both sides reportedly covered several important geopolitical and economic issues, including Taiwan, the ongoing U.S.–Iran conflict, and the future outlook for U.S.–China trade relations.
Market participants remained cautiously optimistic throughout the meetings, as both parties maintained a calm and constructive tone. In addition, discussions reportedly included expanding market access for U.S. businesses, increasing Chinese purchases of American energy and agricultural products, and addressing concerns surrounding fentanyl precursor flows.
The improving diplomatic tone has helped support broader market confidence and reduced some near-term geopolitical fears.
Meanwhile, the US dollar index, which tracks the greenback against a basket of six major currencies, continued to extend its gains as investors digested another round of resilient U.S. economic data. According to recent reports, U.S. Retail Sales increased by 0.5%, matching market expectations and reinforcing confidence in consumer activity and the broader economy.
The stronger economic performance, combined with a series of elevated U.S. inflation reports, has continued to push U.S. Treasury yields higher and strengthen expectations that the Federal Reserve may maintain a relatively firm monetary policy stance moving forward.
At the same time, improving sentiment surrounding potential progress in U.S.–China relations has further supported demand for the dollar, as investors view constructive diplomacy as beneficial for the overall U.S. economic outlook.
Gold prices, on the other hand, retreated as the stronger U.S. dollar and rising yields reduced the appeal of non-yielding assets. In addition, some improving sentiment surrounding U.S.–Iran developments and broader geopolitical stability has also weakened safe-haven demand for gold in the near term.
Overall, the combination of resilient U.S. economic data, rising Treasury yields, and improving diplomatic sentiment has continued to support the dollar, while gold remains pressured by a firmer macroeconomic and interest rate environment.
Technical Analysis
GOLD, H4
Gold prices are trading lower, currently testing the 4,605.00 support level, which serves as a key near-term floor.
Momentum remains bearish, with the MACD strengthening to the downside and the RSI at 30 remaining in weak territory, indicating sustained selling pressure and downside risk.
A confirmed breakdown below 4,605.00 could extend losses toward the next support at 4,560.00, with further downside possible if bearish momentum accelerates.
However, if selling pressure begins to fade, a technical rebound may occur, with prices likely to retest the 4,665.00 resistance level, followed by 4,725.00 if recovery strengthens.
Resistance Levels: 4665.00, 4725.00
Support Levels: 4605.00, 4560.00
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
