GoldKing_Allen

GoldKing_Allen Updated 

Last week, gold rose more than a cumulative 2.57%, setting a new high. It broke through the 3,000 mark for the first time in history, which was considered strong. However, it then fell back and closed at around 2,984. Due to the increase in tariff uncertainty, the market bet that the Federal Reserve will relax monetary policy, and as geopolitical tensions...

GoldKing_Allen

Bros, the global trade war has disrupted the market rhythm, and Trump has become the key driver. The panic of the trade war and the expectation of the Fed's interest rate cut have formed a double thrust, causing gold to surge to around 3005 today, which is also a new record high. Although this has caused a lot of trouble for our brothers who hold short positions,...

GoldKing_Allen Updated 

Brothers, gold has been fluctuating at a high level. In the morning, gold kept testing the 2990 first-line resistance and deliberately broke through, but it always fluctuated back and forth within the 10-point range. From the 4H chart, the short-term upward channel of gold prices is obvious, but the upper 2990-3000 mark still has strong suppressive force on the...

GoldKing_Allen Updated 

Bros, gold continues to rise under the dual drive of tariff policy uncertainty and the expectation of the Fed's interest rate cut. Since the release of yesterday's CPI data, gold has been rising all the way. With the release of today's PPI and unemployment data, gold has created a new historical high, and even reached 2985 at one point. It is difficult for gold...

GoldKing_Allen Updated 

Brothers, short selling has indeed caused us some troubles in the past two days, but I am not worried, because we have set the number of gold transactions reasonably before, and we have sufficient funds to support us to get rid of the current difficulties. Although gold has broken through the 2980-2985 area due to the influence of PPI and unemployment data, it is...

GoldKing_Allen Updated 

Boosted by tariff uncertainty and cooling inflation reports, gold continues to stretch, with its highest so far reaching around 2951. With the release of unemployment benefits and PPI data this afternoon, it can be found that the support of gold MA5 and MA10 moving averages has risen to around 2920. And 2920 happens to be near the high point of gold consolidation...

GoldKing_Allen Updated 

This week, gold has gone through a big cycle of long and short positions. On Monday, it dropped sharply to 2880 from above 2920, and then reversed and rose sharply on Tuesday. Yesterday, gold relied on the 2910-08 area and the US CPI data to complete the bottoming out and rebound. In the evening, it broke through the key resistance level of 2930 and stretched to...

GoldKing_Allen Updated 

The current global capital market is showing a volatile upward pattern. The current market trend that started at 2832 points has formed a clear upward channel, but it faces a game of key resistance levels in the short term. Judging from the 4-hour chart, the previous upward trend line has been broken. I think the overall trend will be short-selling. The current...

GoldKing_Allen Updated 

Gold on the four-hour line fluctuates in a range. The focus of today's trading is to see whether gold can break through the first-line resistance of 2930. If gold fails to break through the resistance, gold still has room to fall. If gold breaks through the key resistance of 2930, it may test the historical high of 2945-2955. In the short-term operation of gold...

GoldKing_Allen

Brothers, the trend of gold in the past two days can be described as very painful, which is a very suitable experience for every trader. From the results, my strategy of insisting on short selling in the past two days is very correct. I fully trust my trading strategy and believe in my vision. Although the process was hard, the results were gratifying. I strictly...

GoldKing_Allen Updated 

Brothers, the current fluctuation time of gold is too long. Generally speaking, in the trend market, if the sideways fluctuation time is 3-4 days, it will give a clear direction. The longer the fluctuation time, the less clear the direction will be. As the accumulated energy becomes stronger, once a breakout occurs, the market will explode with greater intensity....

GoldKing_Allen

Brothers, remember that I mentioned in my last post that it is difficult for gold to break through the 2920-2930 resistance area? Although gold has reached the highest level of 2921 in a volatile environment, it has fallen, which is completely consistent with our expectations of shorting in short-term gold trading. Brothers who hold short positions should not rush...

GoldKing_Allen Updated 

Today's market has been in a bottoming-out rebound all day, and the market has strongly pulled back to the previous range of shocks. Gold hit its lowest level near the 2880 line this morning and then rebounded. However, gold's rebound was not strong and it has not been able to break through the 2920 mark. Judging from the current trend of gold, it is difficult for...

GoldKing_Allen

Brothers, gold started to fall as expected. Not only did I short gold when it hit 2910-2920, but I also added to my short position in gold during this period. Did you follow my previous trading strategy to short gold? Trading is a process of constant trial and error. You need to have a strong psychology to face the shrinkage of funds and the inner suffering. A...

GoldKing_Allen Updated 

Brothers, the rebound of gold is not a reversal, and the European session continues to be bearish. Gold did not continue to be weak during the day, but rebounded all the way to around 2910. As I said in my previous post, the rebound of gold is due to the need for technical correction, so the rebound of gold bulls may be short-lived. Therefore, in the next...

GoldKing_Allen

Bros, yesterday we gave a trading strategy for gold longs. Although gold fell sharply and hit the 2880-2870 area and then rebounded, which was somewhat beyond my expectations, the final result showed that our idea of ​​going long on gold was undoubtedly very correct. I also added positions to gold many times during the decline of gold. Because from the hourly...

GoldKing_Allen

Brothers, gold has indeed rebounded under the support of 2880-2870 area, which proves that our choice of adding a large number of positions to go long on gold yesterday was very correct. As I wrote in yesterday's post, gold still has room to rise. If gold rebounds and breaks through the 2930 key resistance level, then gold may test the historical high 2945-2955...

GoldKing_Allen Updated 

Be firm and long on gold Brothers, do you still remember what I mentioned in the previous two posts? The short-term moving average of gold continues to maintain upward divergence. Now is a good time to do long gold. From the 4-hour gold trend analysis, we focus on the 2900-2890 support area below, and the 2930 first-line suppression above. In terms of operation,...