Goldminers
Gold closes higher and may fall back to peakThe gold hourly line has obviously reached the top. The K line rushed to around 2685, and then the big Yin line directly covered it and crushed it directly. It once fell by 30 US dollars. The top was obviously bearish engulfing. The moving average was directly bent and turned downward. Of course, the gold price deviated far from the moving average, and it was bound to return to the 50-day moving average. Detailed operations during the day: SELL: 2650------2645
XAUUSD:27/9 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2622
Four-hour resistance 2700, support below 2634
Gold operation suggestions: Yesterday, the technical side of gold finally ushered in a further upward breakthrough and strengthening after repeated oscillations around the 2660 mark. It accelerated to break through the 2685 mark before the US market and quickly fell back. The US market formed a wide range of long and short shocks. Finally, the gold price fell back for the second time and stabilized at the 2655 mark to usher in a second high. The gold price formed a strong bullish operation rhythm above the 2650 mark.
Today, the lower support continues to focus on 2650-2634. The intraday retracement relies on this position to continue to be bullish. The upper short-term pressure focuses on the 2685 mark. Today, we will continue to go long after the short-term decline is in place, and wait for the decline but not short.
BUY:2650near SL:2647
BUY:2634near SL:2630
If a waterfall occurs, please stop loss in time
Technical analysis only provides trading direction!
Gold bulls are strong and aiming at 2700!At present, the support for the continuous rise of gold prices is still the strong demand of the Federal Reserve and other European countries for gradually loose monetary policies; coupled with the tension in Middle East relations, economic downturn and geopolitical relations, gold prices continue to rise. In terms of technical forms, the room for gold prices to retrace is limited, and the time for correction is also very short. The momentum of continuous rise is very strong, and the upward space is expected to continue to open up.
The Asian session is corrected by the conversion of the hourly Yin and Yang lines. The European session began to rise. Even if economic data is released, it does not affect the bullish trend. There is not much room for recent corrections, especially in the European session. There is basically no retracement, and it continues to rise after the middle cross K pattern. Based on the above situation, even if the retracement relies on the top of the previous hourly line Yang line 2675, it will continue to be bullish.
Resistance level: 2683 2690. Break to see 2700
Strong breakthrough, 2700 may be reached at any timeDaily resistance 2700, support below 2650
Four-hour resistance 2700, support below 2650
In the face of the trend, any counter-trend force will be disintegrated. As retail investors, the only thing we have to do is to follow the trend. We can't change anything, we can only change ourselves, and we can only survive in the market by improving our trading awareness and ability. Short sellers are wailing, and long sellers are making money all the way. Now gold is bullish, keep going long with the trend, don't go against the market, don't think about guessing the top, followers must be happy all the way, guessing the top and shorting all the way will only be stopped continuously, or even blow up.
In terms of intraday operations, the idea is still very clear, "bullish", "long", participate in the trend, do not be afraid of heights and do not guess the top. I said not to be afraid of heights but how many people remember it? As long as there is a stop loss, there is no need to be afraid of heights. Let me emphasize again, and fear of heights is not a reason to short against the trend. The intraday support is at the 2650 mark, and the low point of last night's decline was also near this. This is the defensive position of the intraday bulls. The entry position is inferred from the stop loss position. As long as the stop loss can be placed around 2650, it is perfect. You may as well be bold and actively follow the trend. Now it has broken through the historical high. Today's low near 2655 has become our defensive position for BUY. Just BUY on the trend.
Wait patiently for the opportunity to go long. Now it has broken through strongly and 2700 may be reached at any time.
XAUUSD: 25/9 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2650-12
Four-hour resistance 2700, support below 2650-20
Gold operation suggestions: Yesterday, gold technically retreated around the 2620 mark twice and then stabilized and rebounded. After the US market, it accelerated and broke through and stood above the 2640 mark, and continued to strengthen to above 2650 and reached 2664. The overall gold price continued to maintain a strong unilateral upward rhythm around the 5-day moving average support. Gold has new breakthroughs every day and continues to create historical highs. According to the current trend, 2700 is just a recent thing.
Today's support below is short-term focus on the 2650-48 area. If it falls back during the day, it will continue to be bullish and follow the trend. The upper target is still concerned about breaking the high. The short-term bullish strong dividing line moves up to the 2630 mark. The daily level stabilizes above this position and continues to follow the trend of low-price longs. Be cautious when shorting against the trend. I will prompt the specific operation strategy in the VIP signal.
BUY:2657near
BUY:2650near
BUY:2640near
Technical analysis only provides trading direction!
9.26 Gold Short-term Operation StrategyThe gold four-hour line is a positive line throughout the whole process. Even if it closes with a negative line, it can still break through the positive line directly and close with a long lower shadow. The K line always stands above the moving average and always crushes the moving average. The bullish trend has not changed at all, and the support level has been constantly moving up. This is a super buying trend that continues to set new highs.
Short-term operation in the Asian session:
BUY: 2658 Target: 2670
9.26 Technical Analysis of Gold Short-term OperationsGold rose again in 1 hour and is currently trading at 2660 without breaking a new high.
At present, gold has begun to form a small double top. After continuous rise, the bullish momentum of gold has gradually begun to be consumed. A major adjustment is imminent. If the rebound of gold in the US market does not break a new high, it can still be shorted.
On the 1-hour K-line chart, gold has risen. At this time, the Bollinger Bands began to close, and the gold price fluctuated and adjusted. As for the target position, we look at the 1-hour moving average
Today's focus
The number of initial jobless claims in the United States as of the week of September 21 (10,000 people)
Detailed operations during the day:
Sell: 2665 Target 2650-2645
9.26 Technical Analysis of Gold Short-term OperationsYesterday, gold continued to break highs in the US market, performing extremely strongly. The early trading price was 2661. Yesterday, it rose by 30 US dollars and continued to rise to the 2670 line. There is no doubt that with the frequent breakthrough of high points, the rising gold bulls are coming, and the upward trend will accelerate. Bulls will be the main theme in the future; the correction action is presented in the form of shocks.
"Although it has set new highs many times this year and outperformed major stock indexes, in the long run, gold still has room for further growth. Pay attention to the correction in the short term." In a low interest rate environment and geopolitical turmoil, interest-free gold is often the preferred investment.
Today's operation:
BUY: 2650 stop loss 2640 target: 2665-2675
SELL: 2680 stop loss 2685 target: 2660-2655
9.25 Professional Gold Short-term Operation Analysis StrategyToday, the recommended upper pressure position is 2665, and the lower support is 2645. The overall market still shows a trend of raising the low point to a new high, and the structural low point of this round is around 2624. The support effect of this position was also mentioned in yesterday's analysis. So if the market has a strong correction today and directly breaks through 2645 without stopping, the alternative plan is to look at the support of 2638. This position is the support of the Fibonacci 0.618 correction level of yesterday's overall pull-up.
9.25 Gold short-term operation analysis strategyIn the early Asian session on Wednesday (September 25), spot gold fluctuated in a narrow range near its historical high and is currently trading around $2,660.16 per ounce. Gold prices rose by $30 on Tuesday and hit a record high of $2,664, continuing the recent rally. The daily line closed with a big positive, with basically no leads.
In addition to the tensions in the Middle East that have enhanced the safe-haven appeal of gold, the US consumer confidence index has recorded the largest drop in three years, and concerns about the labor market are growing. Market expectations for the Federal Reserve to cut interest rates by 50 basis points in November have increased, and the US dollar index has recorded the largest single-day drop in nearly a month, which also provides momentum for gold prices to rise.
Gold is undoubtedly strong at present, whether from a short-term or long-term perspective, especially in the 4-hour period, which basically starts to rise as soon as it steps back on the moving average, and there is basically no retracement. Although gold is undoubtedly strong, this round of gold has risen by nearly 200 points in just two weeks, so the risks of peaking and retracement that I have been emphasizing in my previous articles are needed. Of course, we have no idea where the top is. We all have guessed the top, but the current price is already in danger. When it reaches our position, we can still participate in short orders.
Detailed intraday operation strategy:
Short at 2665, defense at 2670, target 2650-2640
Long at 2635, defense at 2628, target 2650-2660
Wednesday Market Analysis and SignalsIn the Asian market on Wednesday, gold fluctuated in a narrow range near its historical high and is currently trading around $2,662. Gold prices rose by $30 (more than 1%) on Tuesday and hit a record high of $2,664, continuing its recent gains. Tensions in the Middle East have increased gold's safe-haven appeal.
At the same time, the US consumer confidence index recorded the largest drop in three years, and concerns about the labor market are growing. Market expectations for the Federal Reserve to cut interest rates by 50 basis points in November have increased. The US dollar index recorded the largest single-day drop in nearly a month, which also provided momentum for gold prices to rise.
The current surge in gold prices is due to risk aversion due to concerns about the situation in the Middle East. Iran may have the next move, so gold will continue to hit new highs. The total annualized total of new home sales in the United States in August after seasonal adjustment will be released this trading day, and investors also need to pay attention to it. In addition, pay attention to the geopolitical situation and speeches by Fed Governor Kugler and other officials.
Gold continued its strong rise and hit a new high of 2,664. The RSI indicator of the monthly chart touched above 80 and entered overbought, and the RSI indicators of the weekly and daily charts respectively reached the high of 80. The short-term four-hour chart synchronized the RSI high. The trend has not changed, but the indicator has resonated before the opening of the European and US markets yesterday and hit a record high again. Beware of the price using data and indicators to form a high and fall back. Wednesday's trading follows the trend and makes short-term transactions at low prices.
Trading strategy:
2643-2645 long, stop loss 2632, target 2670-2680;
2677-2680 short, stop loss 2690, target 2650-2640;
9.24 Gold Short-term Operation StrategyYesterday, the gold market opened at 2621.6 in the morning, then the market rose slightly to 2131.6, and then the market fell rapidly. The daily line reached a low of 2613, then the market rose, and the daily line reached a historical high of 2635.2, and then the market consolidated. The daily line finally closed at 2628.2, and the daily line closed with a spindle pattern with equal upper and lower shadows. After such a pattern ended, today's market still has bullish demand. In terms of points, the long positions of 1996 and 2028 below are followed by stop loss at 2350. After the long positions of 2601 were reduced last Friday, the stop loss was followed by 2601.
Today's market operation:
2615 long stop loss 2609, target 2635
2640 short stop loss 2645 target 2620
XAUUSD: 24/9 Today’s Market Analysis and StrategyGold technical analysis
Daily resistance 2650, support 2584.
Four-hour resistance 2650, support 2620-2600
Gold operation suggestions: Yesterday, the technical side of gold stabilized above 2613 and continued to fluctuate and consolidate with bulls. The bulls in the US market rushed to break through the 2634 mark and then fell back and fluctuated. Finally, it closed near the 2625 mark. The overall price maintained a high and strong consolidation. Although the increase was not large, the short-term bullish thinking was still the main focus.
From the current market trend, today's support below is around 2620-2610, and the upper pressure continues to focus on 2645. Wait patiently for the key points to enter the market.
BUY:2618near
BUY:2604near
Technical analysis only provides trading direction!
Tuesday Market Analysis and SignalsIn the Asian market on Tuesday, gold fluctuated in a narrow range at high levels and is currently trading around $2,628 per ounce. Gold hit an all-time high of 2,634 during trading on Monday, up about 0.24%. The bullish market sentiment after the Fed's interest rate cut last week and geopolitical tensions pushed up the London gold price, but the US dollar index stabilized and rebounded. Ukrainian President Zelensky said that the Russian-Ukrainian war was "close to the end", and investors need to beware of the risk of a short-term correction in gold prices.
If the employment rate drops sharply, the market will believe that the Fed may be more active in cutting interest rates, which is very beneficial to gold prices. In addition, regional instability in the Middle East may further push gold prices higher. The growing tensions between Israel and Hezbollah have enhanced the appeal of safe havens, which may further boost demand for gold.
As a traditional hedging tool for geopolitical and economic uncertainties, gold will have its best year in 14 years. There are relatively few economic data on this trading day. Investors will pay attention to the Reserve Bank of Australia's interest rate decision, the US Conference Board Consumer Confidence Index in September, speeches by Fed officials, and news related to the geopolitical situation.
Yesterday, the historical high of 2634 was reached again, showing a continuous breakthrough of the bullish pattern. The MA7/10-day moving average and the 5-day moving average have moved up to 2605/2582, of which the 5-day moving average is above the 2600 mark, and the RSI indicator is close to the high value of 80. The upper rail resistance of the Bollinger Band channel is obvious. In the short term, the gold price faces certain suppression and technical indicator repair. The overall gold bull trend structure is intact. The small cycle indicator is overbought and the indicator needs further cycle repair. Look at the 2615/2635 range first, buy low and sell high.
Trading strategy:
2613-2615 long, stop loss 2604, target 2635-2645;
2635-2638 short, stop loss 2647, target 2610-2600;
9.24 Technical Analysis of Gold Short-term OperationsThe bullish market sentiment after the Fed's rate cut last week and geopolitical tensions pushed up gold prices. Gold hit a new record high yesterday, reaching 2634, and then began to fall slightly, closing the daily line with a small positive. However, the US dollar index stabilized and rebounded, and Ukrainian President Zelensky said that the Russian-Ukrainian war was "close to the end". Everyone still needs to beware of the risk of a short-term correction in gold prices.
Gold hit a new high again, and the high point was constantly refreshed, from 2500 to 2634. In the short term, it is still dominated by a bullish trend. The weekly level broke through strongly last week. The current market is running on the upper track of the long-term channel. At present, it is necessary to focus on the support near 2600. The gains and losses of this position are related to the trend guidance of gold bulls and bears. If this position is broken, gold is likely to have a large retracement.
It is still expected to fluctuate during the day. In the short term, if gold wants to completely get out of the strong pattern, it still needs time to exchange space. I have repeatedly emphasized that the current point chasing long profits and risks are not proportional. The operation is around the 2600-2635 range during the day.
Detailed intraday operation strategy:
Short gold at current price 2633, defense 2638, target 2620-2600
Long gold at 2600, defense 2594, target 2610-262
Gold short-term operation strategyThe four-hour lifeline, the hourly double-line upper track, the acceleration starting point, the top and bottom conversion position, and the position along the channel line are superimposed at 2584-2590, which is used as a support area for sweeping. The price squats and steps back to determine the support, or look at the upward movement
The Asian session breaks the high, the European session breaks the low, and the sprint action needs to be handed over to the US session
Pay attention to 2612-2610 in the European session, pay attention to 2622 upwards, and then look at 2630-2632
9.23 Gold Short-term Operation Analysis StrategyGold's daily and weekly lines are both up, setting new highs. Gold once again stood firmly on the 2600 line. The daily and weekly lines closed directly with big positive lines, with basically no leads. Judging from the current trend, gold will continue to rise in the long run, and the technical forms are undoubtedly strong. There are currently a lot of short-term supports below, 2610-2600 in the short term, and the upper short-term suppression is at 2635. No one can predict where the final high point will be.
As gold repeatedly breaks through new highs and madly refreshes historical highs, new highs also hide the risk of falling back.
Intraday operation strategy:
Short at 2635, defend at 2641, target 2620-2600
Buy at 2605, defend at 2600, target 2620-2630
XAUUSD: Analysis and Strategy for Today 19/9Gold technical analysis
Daily resistance 2600, support below 2500
Four-hour resistance 2600, support below 2566-2530
Gold operation suggestions: Yesterday, the Federal Reserve unexpectedly cut interest rates by 50 basis points and ushered in a high-level breakthrough of the 2600 mark, which was suppressed and fell back, and then fell and bottomed out. The overall price was blocked at the 2600 mark. Today, the decline was recovered but it did not break through 2600. Gold has generated periodic pressure above, and it may also form a large correction.
From the current trend of gold, the upper pressure of the daily four-hour level is at the 2600 integer mark, and the lower support of the daily line is 2500, near 2530 for four hours, and near 2566 for the hourly level. Today, the NY market operation strategy is to buy on dips, and observe whether 2600 can stand firm above.
BUY:2566near SL:2561
BUY:2530near SL:2526
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
9.20 Gold Short-term Operation StrategyAfter the price easily broke through 2600 today, it is difficult to move very strongly and will continue to run in a pattern with a fluctuating component.
Following the principle of bullish trend, even if you want to make a second bullish operation at night, you need to rely on the intraday high of yesterday and the low point of the hourly big positive line of 2595 as support, and the upper resistance is around 2618/2623
Analysis of gold price trend on FridayGold fluctuated at a high level on Friday and is currently trading around 2597. Gold prices rose more than 1% on Thursday, reaching an intraday high of 2594, approaching the historical high set on Wednesday. Although the performance of U.S. initial jobless claims was good, which once put pressure on gold prices during the session, the Federal Reserve launched a monetary easing cycle, which still attracted bargain-hunting buying to support gold prices, and data showed that the U.S. real estate market was still struggling; in addition, the escalation of the conflict between Israel and Lebanon attracted safe-haven funds to support gold.
The U.S. dollar fell in volatile trading on Thursday, providing support for gold prices. The U.S. dollar index, which measures the exchange rate of the U.S. dollar against a basket of six currencies, fell 0.38% to 100.64 on Thursday after reversing the early gains; the market struggled to digest the Federal Reserve's sharp 50 basis point interest rate cut and the shift to an accommodative monetary policy stance. If you combine geopolitical risks with our current deficits, coupled with a low-yield environment and a weaker U.S. dollar, the combination of all these factors is the reason for the sharp rise in gold.
It should be noted that data showed that the number of initial jobless claims in the United States last week fell to the lowest level in four months, and the number of people continuing to receive unemployment benefits fell to the level since early June, suggesting that employment growth in September was solid and confirming that the economy continued to expand in the third quarter. This may limit the upside of gold prices. Investors need to pay attention to the interest rate decision of the Bank of Japan on this trading day, pay attention to news related to the geopolitical situation and speeches of Federal Reserve officials.
Technical side, gold has experienced a roller coaster ride and then rose sharply on Thursday, with prices rushing back above 2590. The daily line pattern is quite ugly, forming a red and blue alternation. The daily chart ended with a strong positive, and the price once again stood above the MA7/10 daily moving average at 2574/55. The price stood on the middle of the Bollinger band again and was in the current upper track channel. The RSI indicator was adjusted above the middle axis. Considering the large amplitude of the adjustment range, Friday's trading reference 2570/2600 intraday shock layout
Asian trading strategy:
2570-2573 long, stop loss 2562, target 2590-2600;
2596-2600 short, stop loss 2609, target 2580-2570;