GoldKing_Allen

GoldKing_Allen

Bros, gold has fallen below 3120 in the evening. At this time, we need to be alert to the risk of gold retreating to 3100. In addition to the tariffs to be announced tomorrow, there are also ADP and non-farm data this week, which we need to be careful about. From the hourly chart, I think gold is currently in a head and shoulders formation, with the shoulder at...

GoldKing_Allen Updated 

Bros, after yesterday's surge of $50, gold prices continued to climb to around 3149 in the Asian session today, up nearly $28 on the day. Currently, gold prices remain close to new records, and the rally is far from over. The global trade war has caused market concerns, and continues to push gold prices to new highs. Gold prices rose by 8% in March, and have risen...

GoldKing_Allen

Happy April Fools' Day to everyone. We won't joke with you in trading. Looking back at yesterday, BTC's lowest price was 81222 and its highest price was 83895, with a fluctuation of 2673 and an amplitude of 3.3%. BTC is currently showing an upward trend for 30 minutes. From a 4-hour perspective, the callback point of this wave of rebound from 76560 to 88750 is...

GoldKing_Allen

Bros, from the perspective of crude oil news, the OPEC+ production cut agreement continues to ferment, and the US API crude oil inventory has decreased by 3.2 million barrels. Yesterday, crude oil rebounded quickly after falling back to the lower support of 69.4, and the rapid rise once came to around 71.8, and the staged bottoming was basically completed. At...

GoldKing_Allen

The price of gold rose strongly during today's European trading session, and is currently hovering around $3,120 during the US trading session. The current rise in gold prices mainly comes from the surge in safe-haven demand triggered by U.S. tariff policies, as well as the geopolitical impact last weekend, which have all contributed to the rise in gold prices....

GoldKing_Allen Updated 

Bros, BTC fell 0.7% and lost 82,000. BTC has some downward trend after fluctuating at a high level. Despite the increasing use of digital assets by governments and institutions, these macroeconomic uncertainties still put BTC under tremendous pressure. With BTC falling below the key 85,000 level, attention now turns to the next important support of 78,000....

GoldKing_Allen Updated 

Bros, as the geopolitical situation in the Middle East becomes tense, the price of gold once rose. From a technical point of view, gold opened high in the Asian session and then fell back quickly, but then stabilized and rebounded. The weekly, daily and 4H lines all showed a bullish trend, and the upward momentum was strong. From the hourly chart, gold maintained...

GoldKing_Allen

Bros, in terms of news, the PCE and consumer index data were released today, but they were not much different from the expected values, and the impact on gold was not as big as we expected. During the Asian trading session, gold continued to rise relying on 3054-53, and successfully pulled up to reach around 3079. In the European market, the gold price was...

GoldKing_Allen

Bros, Yesterday, gold's daily positive line closed higher, which strongly drove MA5 to turn upward again. Today, gold broke through a new high and reached a maximum of around 3086. Looking at the 4H market trend, the upper resistance is located in the 3085-3090 range. If it breaks, we will see 3100. Yesterday, US gold fell back to 3035-3047 to hit new highs. As...

GoldKing_Allen Updated 

Bros, we gave you our trading strategy this morning. Gold broke through the triangle convergence range and rose strongly to around 3059. However, it did not break through the 3060 line further, indicating that the top can still exert strong pressure on gold. And currently, the gold SMA10 is around 3046, and the K-line chart deviates from the moving average. From...

GoldKing_Allen Updated 

Bros, although the initial jobless claims data has been released, it is only a slightly negative situation for gold and cannot fundamentally affect the trend of gold. At present, gold has strongly broken through the convergence triangle, reaching a maximum of around 3055, which is very close to the previous high of 3057, which is in line with our trading strategy....

GoldKing_Allen Updated 

Bros, gold continued to rebound after hitting the bottom of 3013 in the US market yesterday. Gold continued to rise strongly during the Asian session. At present, gold is narrowing. The bulls at the gold daily level remain strong. Today, gold broke through the box shock range and may usher in a large change. Today, gold has repeatedly tested the 3030-3040...

GoldKing_Allen

Bros, gold is basically volatile during the day. In terms of support level, the 3015 first-line support effect is significant. This position has become a key watershed for the rise and fall of the market during the day. The low of 3017, which gold retreated before the U.S. market, has just hit and stabilized, and there is an opportunity to test the upper rail of...

GoldKing_Allen Updated 

Bros, as long as gold does not break through the box range, we will treat it as a low-long-high-altitude play in the oscillation range. If gold falls back to 3015-3010, we can enter the market to buy gold, with the target at 3020-3030 above, and continue to hold if it breaks; if gold rebounds to the resistance area of ​​3025-3035, we can refer to the previous post...

GoldKing_Allen Updated 

Bros, gold is still oscillating between boxes. Only after gold breaks through the current box, there may be a larger market. At present, the price of gold is between the short-term moving averages MA5 and MA10. The two are currently showing a trend of forming a dead cross, and the overall trend is still a oscillating bearish trend. The current upper resistance of...

GoldKing_Allen

Bros, the expected decline in gold is in line with our trading strategy, and the gold price has successfully reached our target of 3015. Whether you have closed your positions to lock in profits or are looking forward to gold continuing to fall to our target area, we can all reap a good profit. Today is Wednesday, and the week is already halfway through. This...

GoldKing_Allen Updated 

Bros, the gold price has been fluctuating recently. Every time gold is in such a volatile situation, brothers will not know how to make the right decision. At present, gold is still in the high consolidation stage. The 4H cycle shows that gold is suppressed by 3026-3036 above, and has not been able to break through the high point of the day before yesterday. Then...

GoldKing_Allen Updated 

Bros, our long trade has made a profit. Next, we need to pay attention to the trend of gold to determine how to proceed with our next trading rhythm. Remember what I wrote in my last post, if gold breaks through yesterday's high of 3033, then gold will rise further, but gold only tested 3036 at its highest and then began to fall. And we can see that the SMA30...