Charlie_Analyst

Charlie_Analyst

With the U.S. market closing early on Friday, the market is expected to lack momentum and gold will find it difficult to rise or fall sharply. Let me first state the conclusion and then give the analysis. The maximum range of gold on Friday is expected to be 3310-3350. You can go long at high and short at low within this range. Technically, the daily line closed...

Charlie_Analyst Updated 

In the 4H cycle, the upper rail of pressure is temporarily suspended, and the Bollinger Bands also close. Pay attention to the 3333 watershed. Continue to fall and support at 3325 and 3310. Go long according to the strength of the decline. Pay attention to the upper pressure at 3345 and 3355. If it breaks, continue to look at 3375-80. The specific layout will be...

Charlie_Analyst

On Wednesday (July 2), the US ADP employment data was unexpectedly cold. The number of private sector jobs in June fell sharply by 33,000, far below the market expectation of an increase of 95,000, and the previous value was revised down from 37,000 to 29,000, setting the largest monthly decline since March 2023. . . . At the same time, the Challenger Enterprise...

Charlie_Analyst

Friends, the opportunity in the gold market has come! The 4-hour K-line is steadily rising along the short-term moving average, and has now reached the previous key pressure range. Once it breaks through effectively, the bulls will open up a new upward space. This wave of potential market should not be missed! At present, the focus is on the second effort after...

Charlie_Analyst

Yesterday, the monthly line was closed at the end of the month and a doji was formed. At present, it is still fluctuating and washing within a large range. The daily line hit a high of 3247 in the early trading yesterday and then bottomed out and rebounded, closing the day line with a positive sign. The K-line is currently running around 3280, which is an obvious...

Charlie_Analyst

Gold extended its short-term decline, breaking below its 20-day and 50-day simple moving averages (SMAs) after Fed Chairman Jerome Powell questioned the rationale for the July rate cut at a semi-annual congressional hearing last week. Moreover, recent U.S. data also supports this trend, with data showing signs of rising inflationary pressures and a pullback in...

Charlie_Analyst

From the 4-hour trend of gold, the key position of 3300 is the core basis for judging the short-term trend. . . The current 4-hour watershed is at the 3300 area. The gains and losses of this position will determine the short-term trend direction. Before it breaks through effectively, the short-term pressure judgment will be maintained; if it breaks through, it is...

Charlie_Analyst

The hourly price currently forms multiple bottom supports at 3262-63, while the indicator MACD is running at a low level with a large volume, and the dynamic indicator STO is repaired upward, which represents the rebound trend of the hourly line. The three tracks of the hourly Bollinger Bands are shrinking, which represents the compression of the range. At...

Charlie_Analyst

The overall market fluctuations on Friday were not large. Only after the US market, OPEC broke out that it might increase production again in August. At this time, the market responded positively and quickly fell from $66.09 to $64.80, a drop of $1.29. This was the largest intraday fluctuation. Finally, the market continued to fall after a volatile rise. The daily...

Charlie_Analyst

Against the backdrop of global tensions, US President Trump has made a series of tough statements on the Iranian issue, which has attracted widespread attention from the international community. From giving up on lifting sanctions on Iran, to threatening to bomb Iran's nuclear facilities again, to vetoing Israel's plan to assassinate Iran's Supreme Leader...

Charlie_Analyst

Ukrainian officials said on Sunday that Russia launched its largest air strike against Ukraine overnight since the conflict began. The escalating bombing campaign further dashed hopes for a peaceful end to the three-year conflict. The Ukrainian Air Force said that the Russian army launched a total of 537 air strike weapons at Ukraine, including 477 drones...

Charlie_Analyst Updated 

From the perspective of 4 hours, gold has fallen below the previous low of 3295, and will continue to fall. There are two support positions below, namely 3277 and 3263. Don't expect a big rebound before going short in the negative market. If the rebound is large, it will not fall. This kind of negative decline is generally judged by the 15-minute and 30-minute...

Charlie_Analyst

OPEC+ will consider another big increase in oil production. OPEC+ will consider extending its super-large production increase plan at its meeting next month, with Saudi Arabia, the group's leader, leading efforts to regain market share. The eight major OPEC+ members have increased production by 411,000 barrels per day in each of the past three months. Several...

Charlie_Analyst Updated 

Gold has been fluctuating and rising since the US trading on Tuesday this week, and rose to 3350 on Thursday. 3350 did not break through, and gold fell again. In today's Asian trading, gold broke through and fell, changing the short-term bullish trend of gold. After the rebound of gold in the European trading today, you can continue to short it. The aggressive...

Charlie_Analyst Updated 

Gold trend analysis: The gold market has recently shown a more complex situation. At present, gold has closed in a cross star pattern for two consecutive days, indicating that the market's long and short forces are temporarily in a relatively balanced state, but this balance often indicates that the market is about to face a directional breakthrough. From the...

Charlie_Analyst

On Friday (June 27), the Bureau of Economic Analysis of the U.S. Department of Commerce released the May personal consumption expenditure (PCE) price index data, which attracted widespread attention from the market. As the inflation indicator that the Federal Reserve pays the most attention to, the core PCE price index in May recorded an annual rate of 2.7%,...

Charlie_Analyst

On Friday (June 27), spot gold (XAU/USD) hit an intraday low of $3,281, close to a one-month low; the decline continued in the European session. Market optimism was boosted by the ceasefire between Israel and Iran, weakening gold's safe-haven appeal. In addition, traders adjusted their positions before the release of the US core PCE price index, which also put...

Charlie_Analyst

On Thursday (June 26), the U.S. Department of Labor and the Department of Commerce released key economic data, including initial jobless claims and the final value of real GDP in the first quarter. The number of initial jobless claims was 236,000, down 9,000 from 245,000 in the previous week, better than the market expectation of 245,000. At the same time, the...