David_strategy

David_strategy

The current heavy pressure area of ​​gold is concentrated in the 2600-2620 area. The market is volatile and the position of the card point may not be very accurate, but it does not affect the judgment and grasp of the rhythm. After the rapid decline last week, gold continued to fluctuate sideways without breaking a new low. The essence of the rebound is that there...

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The gold market fell strongly last week. The market opened at 2684.7 at the beginning of the week, and then rose slightly to 2687.1, and then fell strongly. Under the pressure of negative fundamental factors and the resonance of technical profit-taking, it fell below multiple supports. The weekly line reached a low of 2535.7, and then the market was oversold and...

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This week, through the efforts of all analysts on the team, we have exceeded the set profit target. We also congratulate our members and brothers for following us and expanding their own assets. Finally, I wish all brothers a happy weekend.

David_strategy Updated 

On November 14, the gold market bottomed out and pulled up. It opened at 2572.8 in the morning and then pulled up to 2581.7. Then the market continued to fall back. The daily line reached 2536.5 as the lowest point. Then the market rebounded strongly and pulled up. The daily line finally closed at 2564.7. Then the market closed in a hammer pattern with a very long...

David_strategy Updated 

From the technical chart, gold prices fell below the key support level of $2,600 on Wednesday night, which coincides with the 38.2% Fibonacci retracement line of the June-October rally. This break provides a new sell signal for the bears. The current oscillator on the daily chart remains in the negative zone, showing that the bears are still dominant. It is...

David_strategy Updated 

Yesterday, the gold market opened at 2598.6 in the morning, and then the market rose. The daily line reached a high of 2619.3, and then the market fell rapidly. The daily line reached a low of 2572.8, and then the market closed with a long upper shadow line. After this pattern ended, the daily line effectively broke the current upward trend. Today's market has a...

David_strategy Updated 

Gold Technical Analysis On the daily chart, gold is currently trading near a key trendline near $2,600. Buyers enter here with a clear risk below the trendline to position for a rally to new highs. On the other hand, sellers would like the price to break below this level to increase bearish bets, targeting the next trendline support around $2,550. On the...

David_strategy

Yesterday, the gold market opened at 2619.5 in the morning, then rose slightly to 2627.6, then fell strongly. The daily line reached a low of 2588.8, then rose, and then fluctuated in the range. The daily line finally closed at 2598, and then the market closed with a middle-yin line with an upper shadow slightly longer than the lower shadow. The 1-hour short-term...

David_strategy Updated 

Yesterday, the gold market opened at 2684.8 in the morning, then rose slightly to 2686.3, then fell back strongly. The daily line reached a low of 2609.5, then the market was oversold and consolidated. The weekly line finally closed at 2619.4, and the market closed with a long shadow line. After this pattern ended, today's market still needs to be adjusted! ! !...

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On Friday (November 8) in the European session, the spot gold price rebounded above the 2690 mark and was last traded at $2690.56/oz. The impact of the decline in US Treasury yields Against the backdrop of the Fed's interest rate cuts, US Treasury yields fell further, providing some support for gold. However, given the optimistic overall risk sentiment in the...

David_strategy Updated 

1. Since we are looking at fluctuations, we must not miss the 618 position and the rebound position of 2709. 2. There are big ups and downs, and the middle is suspended. The support and resistance are far away. There is no more position after the retracement. If it continues to rebound and break above 2710, there is no empty position. Therefore, if the Asian...

David_strategy Updated 

Yesterday, the gold market fluctuated greatly due to the influence of the US election. After opening at 2742.6 in the morning, the market first pulled up, and the daily line reached the highest pressure near 2750. After that, the market was affected by the US election result that Trump was re-elected and began to fall. After breaking the previous day's low of...

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On Wednesday (November 5), gold prices fell below $2,700 as the dollar rose after Republican Donald Trump was elected as the US president after his amazing political comeback. Now it is trading sideways at $2,666. Technical analysis: Gold has key positions of support and resistance in the short term. At this stage, the $2,680-2,675 area constitutes an important...

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After the high-volume plunge on Thursday, the gold price has been trading sideways above 2720. The price will maintain less than 30 US dollars in the short term. Yesterday, the direct 2745 dry short price can be repeatedly shorted in the short term. 2730 has been broken as expected on Tuesday, and the price will fall below 2700. The US dollar index has begun to...

David_strategy

1: For gold price, 2730 is support in the short term! 2730 is just a rebound, not a reversal. The pressure is concentrated in the range of 2745-50. The sideways trading at the bottom is not a bottoming out, but a new adjustment is brewing. 2: The reason is that gold has fallen from the high of 2790 US dollars. After breaking through the support of 2770 US...

David_strategy

In terms of gold, the overall gold price fell last Friday. The highest price rose to 2762.08 on the day, and the lowest price fell to 2733.08, closing at 2734.94. Looking back at the details of the gold market performance last Friday, the price stopped rising in the short term after the opening of the morning session, and then maintained a state of fluctuating...

David_strategy

Last week, the gold market rose and fell. At the beginning of the week, the market opened at 2736.8, then fell back to give a weekly low of 2724.5, and then the market rose rapidly. On Thursday, the market gave a new historical high of 2790.2 for the second time, and then the market fell strongly. The weekly line finally closed at 2735, and the weekly line closed...

David_strategy

Judging from Wednesday's ADP, non-farm payrolls on Friday should also maintain good growth. The same is true for the initial clearing last night. The sharp retracement before the data is basically the early digestion of the data. 1. The price broke the morning starting point before the US market and rebounded at 6-8 o'clock. This pattern must not have fallen...