As can be seen from the figure, my two trend prediction lines were drawn very accurately. It is a pity that we were in the 2500-2505 buying range, and the two buying orders were all profit-taking before the market closed. The best performance of these two rises was in the Asian session of the next day. During that period, I was still sleeping in Europe, which was...
If you invest right now there is a pretty chance for gold to increase in buy region. My yesterday analyses were predicted right as well. Best of luck
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...
The 1 hour moving average of gold is still in a short position. If it turns downward again, then the downward space for gold will continue to open. Today is a critical day. If the turning point turns upward, then we will go long. Gold is not strong at the moment and has not been able to break through Friday's high of 2518. Gold will continue to be under pressure...
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 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...
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 Market Fundamentals: The current rise in gold prices reflects the market's intense focus on Fed policy. The market widely expects a rate cut in September, with a 77.5% chance of a 25 basis point cut and a 22.5% chance of a 50 basis point cut, which supports gold prices. This week's focus is on the Fed's policy minutes and Powell's speech at the Jackson Hole...
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
The 1-hour moving average of gold continues to diverge upward, and the power of gold bulls is still there. Gold continues to go long when it falls back. The previous high of gold is 2510, which has now turned into support. As long as gold does not fall below 2510, you can still go long on dips and wait for gold to return to around 2515.
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...
If you only make orders based on data and don’t understand the market logic behind it, your transactions will always be slower than before. From the 4-hour chart, gold has also reached the middle Bollinger Band and the downward trend is more obvious. Referring to international information, the support power of gold in the later period is obviously insufficient....
Oscillating trend, long positions take profits! The US data has mixed impacts on both long and short positions. The US retail sales data for July was impressive, triggering a series of market fluctuations. Personal operation analysis: Support level: 2445 2435 2425 Resistance level: 2470 2477 2490 The above data can be used for reference. Comments are welcome