Two important things this week: 1. The debate between US presidential candidates Trump and Harris on September 10. After the debate, the market may make new pricing on which of the two is likely to win the November election and become the new US president, thus affecting the short-term trend; 2. The monthly CPI data of the United States will be released on September 11. Basically, the release of this data every month will cause large fluctuations in various varieties. Therefore, it is highly likely that the main fluctuations this week will be concentrated between September 10 and 12.
From a technical perspective, gold shared the importance of $2,529 last trading day. The highest point during the non-agricultural period last Friday was just stuck at $2,529, no more, no less. After the dollar rebounded, the gold price retreated from $2,529 to $2,485, but it pulled back in the late trading. In this way, the weekly line finally closed with a cross star. In fact, it has been three consecutive weeks that it has closed with a similar cross star near the historical high price. This shows that the differences between the long and short positions are relatively large at this stage, but the strength of both sides is evenly matched, and it takes a bigger event stimulus to bring about a break.
In other words, the current short-term trend continues to hover in a small range with 2530 as the upper edge and 2470 as the lower edge. If it is a pure short-term transaction, it is not difficult. Just wait patiently for the upper and lower resistance and support to sell high and buy low.
From a technical perspective, gold shared the importance of $2,529 last trading day. The highest point during the non-agricultural period last Friday was just stuck at $2,529, no more, no less. After the dollar rebounded, the gold price retreated from $2,529 to $2,485, but it pulled back in the late trading. In this way, the weekly line finally closed with a cross star. In fact, it has been three consecutive weeks that it has closed with a similar cross star near the historical high price. This shows that the differences between the long and short positions are relatively large at this stage, but the strength of both sides is evenly matched, and it takes a bigger event stimulus to bring about a break.
In other words, the current short-term trend continues to hover in a small range with 2530 as the upper edge and 2470 as the lower edge. If it is a pure short-term transaction, it is not difficult. Just wait patiently for the upper and lower resistance and support to sell high and buy low.
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Gold is long in the short term, looking at the 2518-2520 area, and then short orders will be arranged after reaching itTrade active
2500 long gold, profit +110 points, click on my website and follow my tradingTrade active
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8k capital, 33k profit in three weeks, you can click on my website to check, this is my real trading record, if you want to get a huge profit, you can contact me immediatelyTrade active
There is no volatility in the market for the time being. Take a break. I will continue to share trading strategies on my channel. I think it will be helpful to you.Trade active
There is no volatility in the market for the time being. Take a break. I will continue to share trading strategies on my channel. I think it will be helpful to you.Trade active
Today, gold is still focusing on the pressure of the previous high of $2531. If it does not break, you can short and look for a retracement. The primary target is $2510. After breaking through, look at $2500-2493. If it breaks up unexpectedly in the evening, the bulls can extend to around $2540 and you can go short again. The retracement target remains unchanged.Trade active
The US will announce the annual CPI rate in 40 minutes. Click on my website to get the trading strategy.Trade active
The news analysis is accurate, shorting gold makes another profit of +110 points, click on my website so that you can enjoy profits every dayTrade active
Today, both long and short sides make profit, and the profit exceeds 200 points. Click on my website, and your profit in a week will exceed 100%.Trade active
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I have helped many members make huge profits in the market. You can click on my website to check it out. If you also want to make stable profits, you can contact me and I will help you.Trade active
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Gold is still rising strongly, don't short it for now, look for better trading opportunitiesTrade active
Gold bulls are rising higher and higher, without any pullback. It's Friday now, so there's no need to chase the rise. Slow rises are often followed by sharp declines, so don't chase the longs easily. Gold is a bit stagnant, short at 2579.Trade active
So far, the profit for this week has reached 120%, and it is expected to reach 150% by the end of today. If you also want to make huge profits every week, click on my website, it will be helpful to you.Trade active
Gold is still testing new highs, so in the short term, it is still mainly about falling back and doing long. Pay attention to the support in the 2575 area and the resistance in the 2590-2600 area.Trade active
Gold is still testing new highs, so in the short term, it is still mainly about falling back and doing long. Pay attention to the support in the 2575 area and the resistance in the 2590-2600 area.Update idea
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.