Gold hit the upper Bollinger Band in 4 hours, and the long orders at 2507 have made profits first. It is expected that gold will retreat to the vicinity of the middle band. Today, gold is likely to hit a new record high again. The daily line has three consecutive positives, and the bulls are ready to try to break the record high. The conservative approach is to...
If the golden 4-hour chart still hasn’t moved up, then it’s still a double top pattern. Gold should be careful of a sharp fall at any time. Gold's long space is limited. Gold's rebound highs are successively lower. Gold rebounds to around 2523 and then falls back. Gold continues to short on rallies below 2523 today.Gold rebounds to around 2518 and can be shorted
Technical analysis of gold Daily resistance 2550, support below 2450 Four-hour resistance 2550, support below 2494 Gold operation suggestions: Gold opened today with a slow rise and shock pattern, and today's trend should be consistent with the trend at the end of Friday. Today we follow the trend to go long, but we are not in a hurry to enter, waiting for the...
Gold has risen in 4 hours. However, gold has been rising slowly recently, and then it may fall sharply. If gold does not break through the previous high, it is better not to chase the bulls easily. If the double top suppresses it, then gold may have a sharp drop.
Gold fluctuated and rose under the speech of Fed Chairman Powell, rising from 2504 all the way to 2516, an increase of 12 points, and then consolidated and tested back and forth, but failed to reach the resistance point of 2520. Powell made it very clear in his statement that inflation is falling. In addition, the Fed believes that inflation will continue to fall...
Gold fell all the way to 2475 after the release of the number of people applying for unemployment benefits in the United States on August 17 at 10:00 Eastern Time, and then rebounded slightly and is currently trading around 2493. Piovano pointed out that the market's attention is still focused on the speech of Federal Reserve Chairman Powell in Jackson...
Gold technical analysis Daily resistance 2550, support below 2500-2450 Four-hour resistance 2514, support below 2500-2494 Gold operation suggestions: Gold fluctuated in the range yesterday and was shot down again at 2519. The slight rebound in the Asian and European sessions was under pressure at the 2519 mark, forming multiple suppressions. The European session...
Gold fluctuated and fell during the European session after the release of the US weekly jobless claims data on August 17. It has now fallen below the support line of the lower Bollinger band of 2485. The data is lower than expected. Gold should have been bullish, but it fell instead of rising. For this situation, my personal analysis is that the bulls may be...
Through the analysis of automatic trend lines and trend charts, we know that gold has rebounded from the 2499 line below in the early trading. It is still a little short of the first support level below. The short-term 2508 line has become the critical point between long and short positions. The short-term upper 2518 line is the first pressure level. In the short...
Gold's 1-hour moving average has also begun to show signs of turning. Gold's 1-hour trend is still fluctuating and falling, and gold's rebound highs have been lowered successively. This is an obvious weakening trend, and gold's rebound continues to be bearish.
From a technical perspective, the 4-hour candle trend of the gold K-line chart is stable and currently fluctuates sideways at 2508. Operation suggestions for the short term 2505 long position, take profit at 2520, stop loss at 2497 2515 short position, take profit at 2505, stop loss at 2523
Gold analysis on August 21, 2024: After forming a peak in the 2526 - 2530 region as predicted, gold has experienced a correction to the 2500 area and then rebounded. This is not yet the point enough to create a strong upward trend for gold. The possibility of a deep decline to create momentum is still very high. Prices of 2450 or even 2435 are still...
In terms of the average daily fluctuation range, gold is currently in a fluctuating downward trend. The bullish momentum is obviously more difficult than before. The one-hour chart trend is basically sideways and the candle is weak. Short-term operation points 2515 short, take profit 2505, stop loss 2522 2505 long, take profit 2520, stop loss 2500
After hitting the peak of 2530 on the 20th, gold fluctuated at a high level and finally quickly pulled back. Currently, it is 2505 points. Yesterday, gold failed to hit 2530 several times. The last time it hit 30, it quickly fell back. This also shows that the bulls may continue to hit the high point after the pullback. The key downward support point is 2500. If...
From the 4-hour chart, gold closed at the top of the candle at 2525 and hit the top. We just tested 2530 but pulled back to 2526 resistance and only made a profit of 3 points. It is currently hovering around 2525. Buy point 2520, take profit 2520, stop loss 2515 Buy point 2528, take profit 2518, stop loss 2533
2500 Golden Era has officially stabilized and will move towards 2600 in the future Gold fluctuated and jumped from a low of 2486 to 2510 during the European session on Monday The bulls are still continuing today. Currently, the gold price is trading at a high of 2523. On the Bollinger Bands, gold is below the middle track. The hammer line is long. If it touches...
Continuing the trend of last Friday, gold has been above 2500 in the early trading and peaked at 2509. The next operation will mainly depend on the European trading session. At present, gold is still rising. If it can successfully break through 2510, then the upward trend of gold will be relatively large. Key points: Resistance level 2510 2520 2535 2550 If it...
Last Friday, gold once broke through 2500 and finally closed above 2506. The overall price soared by more than 50 US dollars, setting a record high. This price surge is not just a jump in numbers, but also the result of the combined effect of market sentiment, macroeconomic data, geopolitical tensions and monetary policy expectations. In addition, central banks of...