From the overall market trend, although the gold price has been supported by a certain amount of safe-haven fund inflows recently, the direction of the Fed's monetary policy is still the key factor in determining the medium-term trend of the gold price. With the changes in the US dollar and US Treasury yields, gold may continue to maintain a range-bound trend....
Gold rebounded and corrected yesterday, reaching a high of around 2626 before starting to retreat, which continued until the end of the U.S. trading session, when it fell back to around 2586 again. Yesterday in the TradingView community, I gave a trading strategy for shorting at the rebound line of 2625-32, and friends who follow me can see it. The daily line...
Yesterday, the technical aspect of gold was suppressed below 2650 throughout the day, showing a weak and volatile trend. The U.S. market fell slightly and fell back to the 2632 mark, oscillating sideways. After the interest rate meeting, it quickly penetrated the 2600 mark downwards, forming a unilateral short downward trend. The final price of gold closed at 2...
12.18 Gold intraday operation strategy Yesterday, gold ushered in a repressive technical correction and fell in a volatile consolidation. The European market was under pressure and weakened rapidly at the 2658 mark. The US market fluctuated downwards and pierced the 2633 mark, stabilizing and closing with shock. The daily K-line closed negative. The overall...
Yesterday, gold technicals saw a small rebound in volatile trading, then fell under pressure. The price in the Asian and European sessions stabilized and rebounded at the 2650 mark. The European session gold price quickly rose and pierced the 2664 mark, then fell under pressure and fell into a narrow range of fluctuations. The US session continued to fall to the...
Gold continued its downward slide and fell back to test the area near 2643 in early Asian trading on Monday. Be careful to avoid stabilizing and rebounding today. In early trading, we will first focus on the gain and loss of support in the 2635-30 area. Gold fell directly to close to the target area in this wave. It is also the rising area where the risk...
News analysis: China's central bank purchases gold: China's central bank resumed buying gold after a six-month hiatus, indicating its long-term bullish outlook on gold, which has strengthened the market's bullish sentiment and provided support for gold prices. Expectations of global central bank easing: The Federal Reserve, the European Central Bank, the Bank...
From the 4-hour analysis, the market trend shows obvious range suppression and support. Market analysis Suppression position: 2650-2653 The current price is under pressure in the 2650-2653 area. Before breaking through the 2660 mark, the overall trend is still bearish. After the pullback to the suppression position, there is a high probability of continuing to...
Gold fell from 2633 to 2613 at the opening of Asian trading on Friday, and then rebounded, basically fluctuating between 2635 and 2643. Non-farm data was bearish, and gold also rebounded slightly before falling directly to 2626. For non-farm data, the decline and rise in Asian trading on Friday has consumed the market's momentum, so non-farm data will not...
Based on the current situation in the gold market and the upcoming US non-farm payrolls data, we can see that the short-term trend of gold prices will be significantly affected by the data. At the same time, expectations of interest rate cuts by the Federal Reserve and global geopolitical risks also provided support for gold. Combining technical and fundamental...
🎈The US November ADP employment report (commonly known as "small non-agricultural") will be released on this trading day. The US October factory orders monthly rate and the US November ISM non-manufacturing PMI data will also be released on this trading day. Investors need to pay close attention to them. In addition, continue to pay attention to the speeches of...
📣📣Gold prices fell 0.44% on Monday, closing at 2638, ending a four-day rally. The dollar rebounded sharply as the French political crisis escalated. However, the situation in France also provided some safe-haven support for gold prices. In addition, many Fed officials believe that the Fed will further cut interest rates, and the market's expectations for a rate...
♦️Current market conditions: The price of gold has recently fallen sharply from its historical high of $2,790/ounce, reaching a low of $2,537/ounce. After a brief rebound to $2,721, it fell again to around $2,605. The overall trend is still affected by geopolitical factors, and the market is intensifying short-term volatility, and it may remain at a low level in...
Gold has now broken through the key range of $2,620-2,658, re-energizing the bulls. From the daily chart, the appearance of three consecutive positive lines verifies the continuation of the bulls, and the gold price successfully stands above the cycle moving average, and the short-term upward momentum remains strong. Fundamental factors such as geopolitical...
📳Gold Trading Analysis Report 🔴Current Market Overview: Gold prices have recently shown a correction trend, reaching a minimum of $2,620 before rebounding, and are currently quoted at $2,647. In the short term, gold prices have shown a certain rebound strength, and the overall structure is relatively strong, but considering that the market may close early...
📳 Gold Technical Analysis and Operational Strategies (November 27, 2024) ♦️Today (November 27), the price of gold began to fluctuate upward in the Asian session. The price of gold broke through yesterday's high and continued to climb upward, reaching a high of 2654. At present, gold is still in a stage of rebound and shock, but the overall trend has not...
📳Gold market analysis strategy ♦️Market overview: Gold's current short momentum remains strong, with prices showing a downward trend in multiple time periods. Although the market has the risk of a short-term rebound, the overall trend has not changed significantly, and shorts still need to be the dominant direction. The current golden hourly line is showing a...