David_strategy

David_strategy

Technically, the 2670 level has become an important resistance level, which has not been broken through many times. The Bollinger Bands have begun to close. From all angles, gold will not rise in the short term. With such a big thing happening in the Middle East, gold should have started a wave of $50 rise, but it didn't. That must be because gold digested the...

David_strategy

The 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...

David_strategy

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...

David_strategy

The 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...

David_strategy

Gold 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...

David_strategy

Yesterday, 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...

David_strategy

Today, 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...

David_strategy

In 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...

David_strategy

Yesterday, 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...

David_strategy

The 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...

David_strategy

The 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...

David_strategy

Gold'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...

David_strategy

After 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...

David_strategy

Gold reversed in a deep V yesterday. Gold fell back to support and then rose again. It seems that gold bulls still have the momentum to continue to rise for the time being. Go long first when gold falls back in the early trading. Gold's 30-minute moving average entered the golden cross pattern. Gold rose after falling yesterday. Gold bulls once again accumulated...

David_strategy

The Fed's interest rate decision will be announced in two hours. Will gold hit a new high or a correction? On the 1-hour chart, you can see that there is a minor resistance level near the 2575 level, and there is also a downward trend line converging. If the price pulls back to this resistance level, sellers may intervene, aiming to fall to the 2548 support...

David_strategy

Today, the focus of the entire market is on the Federal Reserve's interest rate meeting. The market expects a 50 basis point cut, which may be the trigger for this wave of rise, but it may not have much impact at all. Yesterday, the 2600 line was not kicked off, but fell back with a big negative. Technical points: (1) The European session bottomed out and...

David_strategy

Gold rebounded from a high level and built a top. Don't chase long easily. Gold rebound is an opportunity for shorts. The Fed's interest rate decision and the expectation of interest rate cuts are about to be fulfilled. The positive news for gold is fulfilled and it may rise and fall. Gold broke down after repeated fluctuations at a high level in 1 hour. The top...

David_strategy

Gold prices did not fluctuate much during the day. It retreated to the lowest level of 2574.50 in the Asian session, and then turned positive and moved upward. However, the space has not been opened yet, and it is in the rhythm of range fluctuations. For the extremely strong trend in the past few days, the recent two days have been mainly corrections. At the same...