Today, the upper resistance of gold is at 2525 US dollars. Today, we will short below this resistance. The lower side will see the low point of yesterday at 2510 US dollars. On the whole, today's short-term operation of gold suggests that callbacks should be the main focus, and rebound shorts should be supplemented. The upper short-term focus will be on the...
We're approaching important crossroads at gold. After a major breakout gold is about to finish of cycle degree Wave 3 with an extended 5 sub-wave. Look for topping pattern and we're ready to start major correction that can last couple of months.
Let's see what the market has to offer. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Gold's 1-hour moving average is still in a bearish formation with a downward cross, and there is no sign of a turning point. The gold moving average resistance is near 2500, and short-term gold continues to be under pressure of 2500, with no breakthrough, indicating that the resistance is still effective and gold can continue to be short.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure and Retest CHoCH RSI - Divergence Bearish Channel as an Corrective Pattern in Short Time Frame
I have emphasized in the past two days that gold has begun to turn around in the 4-hour chart, and gold bears have begun to slowly exert their strength. Gold is now building a top structure at a 4-hour high. Gold rebounds are an opportunity for shorts. The resistance of the 4-hour moving average of gold has moved down to around 2507. If gold rebounds, you can...
Gold's 4-hour triple top. Since gold has not broken through a new high, it is still in the top structure. If gold breaks through a new historical high, then the long continuation will be considered. If there is no breakthrough, gold is a triple top, and gold can still be shorted on rallies.
Let's see what the market has to offer. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
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
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.
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...
Let's see what the market has to offer. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
The Federal Reserve meeting minutes raised expectations for an interest rate cut in September, increasing gold's rise. However, gold still did not reach a new high. Gold is cautiously chasing the rise, and should be careful about the fall after the high. The 1-hour chart of gold is now showing a volatile downward trend. It is more difficult for gold to rise...
Gold prices hit a high of 2509 last Friday and closed at 2506, crossing the 2500 mark for the first time in history. Last week, it closed steadily at the 2500 mark. Although it fell back at the opening of this week, the support of 2480 below was not broken, and the overall bullish thinking remains. If the gold price can remain above the key support level and the...
Gold is still in the process of rising in shock, and the correction has not affected the upward trend of gold for the time being. The 1-hour moving average of gold is temporarily flat, but it is still arranged in the upward direction of the golden cross. If there is a downward turn, then we should pay attention to it. Before there is a turning point, gold will...
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.
Let's see what the market has to offer. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Symmetrical as an Corrective Pattern in Long Time Frame and Rejection from Upper Trend Line Break of Structure RSI - Divergence Completed " 1234 " Impulsive Waves Triple Top