Aurum_Capital

Aurum_Capital Updated 

🔶Judging from the current trend, since gold began to fall after the election, although there have been occasional rebounds, the overall trend is still an inserted downward trend. There is no clear reversal signal in the market, and the repeated fluctuations during the session seem to be tempting to buy more. Although the technical indicators below the 4-hour...

Aurum_Capital Updated 

🔶Gold bulls are currently lacking in momentum, and the price has fallen below a new low again, with an obvious bearish trend. The 4-hour chart shows that the moving average system maintains a dead cross and diverges downward, indicating that the bearish force continues to increase, suggesting that the downward trend of gold has not yet ended. 🔶From a technical...

Aurum_Capital Updated 

🔶Yesterday, gold continued to fall as expected, with a single-day drop of nearly $76. It rebounded in the late trading and finally closed at around $2,619, with a large real negative line on the daily line. This closing pattern indicates that gold may continue to fall after rebounding today, showing the space and demand for further decline. The daily level once...

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🔶In the trend on Friday, gold showed a pattern of falling back after reaching the top. The daily line closed with a real big negative line, and the closing price was below the 5-day moving average. This pattern suggests that gold may continue to fall next week. From the daily chart, the MACD indicator dead cross and large volume, indicating that the short-selling...

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🔶After a sharp drop yesterday, gold entered a rebound and repair phase. The price stopped falling at 2643 and pulled back. In the Asian session, it showed a step-by-step slow upward trend. Subsequently, driven by the data release and the speech of Fed Chairman Powell, the gold price continued to rise to 2710. 🔶Technical analysis: Daily chart: Gold is currently...

Aurum_Capital Updated 

🔶Yesterday, after the election results became clear, the price of gold fell sharply, falling rapidly from the daily high of 2748 to the 2650 area, a drop of more than 100 points, showing a change in the market's dominant sentiment. With the retracement after yesterday's sharp drop, the early bullish trend has been clearly broken. Currently, bearish sentiment...

Aurum_Capital Updated 

🔶Yesterday, the price of gold fluctuated in a narrow range between 2748 and 2730, and finally fell sharply at 2743. The trend was consistent with yesterday's expectations. At present, the price of gold has dropped to 2701, recording a drop of about 40 points. 🔶From the daily line, the price of gold fell to the bottom support level of the upward trend channel,...

Aurum_Capital Updated 

🔴Short-term upper resistance range @ 2748-2750 🟢Short-term lower support range @ 2728-2730 🔶After the price of gold rebounded from the high, it stopped falling at 2730 and entered the adjustment stage. Yesterday's market narrowed, and the overall trend is still in a slow decline. 🔶On the daily chart, the price of gold fell from the rising channel, and the...

Aurum_Capital Updated 

🔶Last week, gold encountered resistance and stagnation in the upward trend, forming an obvious M-head structure. After the price was under pressure in the 2790 resistance zone, it broke through the 2771 support level and quickly fell back, forming a large waterfall-like decline. Subsequently, gold received support in the 2730 area and launched a corrective...

Aurum_Capital Updated 

🔶Current market situation This week, gold prices retreated sharply after hitting around 2790, and have been weak for two consecutive trading days. Although the non-agricultural data released on Friday provided some positive support for gold, gold still fell under pressure, showing a weak trend. The main focus of the market is on the upcoming US election, but gold...

Aurum_Capital Updated 

🔶Yesterday, the price of gold fluctuated violently, falling sharply from 2790 to 2730, a drop of 60$. With the rebound after the sharp drop, the current price is testing the resistance of 2758. If it breaks through this position, gold is expected to return to the previous oscillation range of 2771-2790 again, and may launch an attack on 2800 again. 🔶From the...

Aurum_Capital Updated 

🔶Yesterday, the price of gold entered a slow upward rhythm after testing the resistance. Overall, it remained in the upward channel of the daily line, but the price fell back after being under pressure at the top of the channel. The current key support level below is 2758. 🔶From the 4-hour chart, the price of gold entered a new upward channel after the previous...

Aurum_Capital Updated 

🔶The current gold price continues the bullish trend. Yesterday, it rose from 2740 to 2775, and the daily line closed with a real positive line, showing strong upward momentum. Today, gold continued its upward momentum and tested the 2800 line resistance. If the price successfully breaks through this point, the upper target will further point to the 2815-2820 area,...

Aurum_Capital

🔶Gold continues to close positive on the weekly chart, and the current pattern is steadily upward. There is potential for continued upward movement next week. The weekly support level is near 2719, and the upper pressure level is near the previous high of 2758. At present, the upward space has not yet capped, so it is recommended not to guess the top easily. In...

Aurum_Capital Updated 

🔸After a sharp correction of $50, the momentum of gold bulls has been frustrated, but it has not yet reached its peak. From the technical trend, this rapid decline will not immediately change the overall bullish trend, but will temporarily turn the trend into a high-level oscillation pattern. A clear top structure has not yet been formed, nor does it mean that a...

Aurum_Capital Updated 

🔸Yesterday, the daily gold line closed with a big negative line, showing a short-term peak signal. However, from a larger cycle, gold is still in a bullish trend, and the current decline has not changed the overall trend. From a technical perspective, only if it falls below the key position of 2680, gold may enter a weekly short market. Therefore, despite the...

Aurum_Capital Updated 

🔥The current daily trend of gold is stable, and it continues to fluctuate upward along the short-term moving average, and there is no sign of peaking yet. The 4-hour chart shows that the short-term moving average diverges upward, and the opening price slightly retreats but does not change the strong pattern. In the short term, attention should be paid to the...

Aurum_Capital

🚀Gold Buy @ 2738-2740 TP 2745-2747 🚀Gold Sell @ 2745-2747 TP 2740-2738