6.20 Today's gold market trend analysis: From a technical point of view, spot gold fell slightly on Monday, the daily line closed negative, but did not change the diurnal cycle of the state, the daily cycle or look at the 1980/1935 unchanged, because the temporary interval performance is larger, so it is not suitable to judge the day trading, then the cyclical to...
6.16 Analysis of today's gold market trend: After the confirmation of the rise of gold on Thursday, the change of strength and weakness has not been formed. This kind of trend ushered in the outbreak of bulls again. Since the bulls and shorts failed to change, then, gold will still maintain a bullish trend in the near future, which is undoubtedly bullish. What...
Recent data indicates that China's economic recovery, as well as manufacturing activity in the US and Euro Area, is slowing down. As a result, industrial metal prices have been affected, with copper dropping to a seven-month low in May. The demand for copper is expected to be limited due to fears of a global recession this year. Currently, gold is attempting to...
The current decline of gold remains unchanged, and the rebound is still a short-selling opportunity! The pressure in 1957 above is obvious! The current gold is in a downward trend. Shorting is the only strategy at present. The thinking is clear. The remaining execution points rely on key pressures, and we should deal with them immediately! From the perspective...
1. The short-term gold hits the top 1980-1984 high again and the suppression will not be broken. You can temporarily consider placing short orders to see the callback repair, and stop the short order at 1986 to prevent the market from continuing to rise unilaterally. At present, the bottom of the short order should first look at the support of 1968-1970 , If it...
currently the gold price is again in the final phase of the Wyckoff distribution scheme. The price will test the 2010-2022 area to get the last sell entry before the price experiences an imbalance towards the 1900 level.
News side: International gold closed down sharply on Thursday (May 18), with an opening price of $1980.18/oz, a highest price of $1985.78/oz, a lowest price of $1951.79/oz, and a closing price of $1955.85/oz. News side: The monthly rate of leading indicators of the U.S. Conference Board in April released on Thursday recorded -0.6%, in line with market...
Looking for the target 1975 . Gold turned bearish. Please hit like if you like my idea. Disclaimer please risk your trade as per your appetite .
The overall price of the gold market fluctuated little today, but we bought long orders at the price of 2015 at the opening of the market and took profit in 2027 Sell 2018 at the intraday price of 2026 to take profit Two precise trades gave us a 20% profit today It can be said that it is also a very good day. After the second transaction, many friends asked me...
raising wedge pattern forming after breakdown selling could be possible
Gold skyrocketed to around 1870 after the release of the non-farm payrolls report, and this is the question that most investors are concerned about: will it continue to rise? I believe it will, and it may even reach around 1890-1900. Why do I say this? Let's analyze it from the fundamental and technical perspectives. As we have discussed in previous articles,...
In many cases, when we encounter failures, it is because we lack that little bit of persistence, a little bit of indomitable perseverance. It is clear that the dawn of success is in front of us, but we don't have the confidence and perseverance to persevere. As a result, all the hardships and hardships we have suffered before are in vain. Gold continued...
Success will not come to your door automatically, and happiness will not come to a person automatically. All the good things in this world need to be actively fought for. As long as you are sure of your abilities, why not recommend yourself? $$$$$$$$$$$$$$$ Today's strategy is to hold onto 1830 and continue, choosing appropriate entry points for long positions....
US FED rate hike has hampered the status of Gold as a safe heaven for investors to fight against inflation. Major support for Gold is at 48963. Below 48963 Gold can loose it's glitter and un-shine to the levels of 47285 or even 45563. On the way up Gold will have to face resistance at 50175, 50301, 50572 and finally 51761.
#GOLD Futures Postional Long Idea Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any...
Gold is trading near support zone from last 4 trading sessions. Breaking any side out of this range will trigger fast movement. 48000 level is breakout level for this range. One day closing above 48000 will trigger buying, Buy above 48150 Sl 47950 Target 1 - 48300, 48750 On the flip side 47500 is strong support and closing below this will trigger strong sell...
Gold has made cup pattern and now forming handle pattern, along with trendline Breakout trying to retest support zones, one can go long at current levels or in dips if any, all the key levels are mentioned in chart with Stop-loss and targets. Overall look Zoomed View Buying Zone Support Area Key Levels Macd in daily positive crossover and Uptick and also...