Gold_Digger_King

Gold_Digger_King Updated 

Gold is approaching our awaited price target of $2,260.60, which is the 50% Fibonacci retracement of gold’s rise from $1,984.16 to $2,431.44. This means that if the price of gold falls below $2260.60, the price of gold will continue its bearish trend and aim for the next target of $2207.80 On the other hand, we noticed that the trend of gold prices showed a...

Gold_Digger_King Updated 

Recently, there have been a lot of bearish calls in the market. The louder the calls, the stronger the rally. The two important functions that affect the price trend of gold are risk aversion and resistance to inflation. First, the relationship between supply and demand. Global gold mining and supply have stabilized, with market supply exceeding demand and...

Gold_Digger_King Updated 

Gold has experienced a unilateral rise in the recent bull market, and finally reached a new all-time high and was blocked near 2430. Then it ushered in a collapse and fell back, with the lowest falling to around 2290 to be supported. However, the decline has not been well extended and has not continued to fall, indicating that there is still a large amount of...

Gold_Digger_King Updated 

The fundamental outlook for gold is less positive, as is its near-term technical price action. If gold prices close this month below $2,300 an ounce, Next week will be an important test for gold. This level has become an important pivot point. ​ Gold appears to be overbought on the monthly chart, and a midweek close below $2,300 would cast a considerable shadow...

Gold_Digger_King Updated 

The price of gold rose to a maximum of $2,352 today. It was hindered by resistance from above and could not continue to rise. Subsequently, it was affected by the annual rate of the core PCE price index in March and now maintains a downward trend. The market situation is changing rapidly, so it is particularly important to accurately judge the impact of the...

Gold_Digger_King Updated 

Gold closed up $16.49, or 0.71%, on Thursday to close at $2,332.30. On April 26, spot gold accelerated its short-term rise, with the price just breaking through $2,345. Gold short-term technical outlook analysis U.S. first-quarter GDP data was lower than expected, causing concern. Gold maintained modest gains. Generally speaking, gold tends to benefit in a...

Gold_Digger_King Updated 

Now that gold has exceeded $2,330, the release of data on the number of initial jobless claims in the United States for the week ending April 20 will have an impact on gold. After the data was released, the price of gold fluctuated rapidly. On Thursday, the United States will release preliminary data on first-quarter gross domestic product (GDP), which is...

Gold_Digger_King Updated 

Spot gold continued to rebound in the short term, with the price of gold once touching $2,330, climbing nearly $15 from the intraday low. It was always difficult to break through $2335 and then fell to around $2315. If gold prices want to reverse the downward trend upward, the outlook for gold prices remains bearish unless gold prices rebound above...

Gold_Digger_King Updated 

Gold technical prospects are analyzed.Spot gold suddenly fell to $2,305 in the short term and then rebounded to around $2,320. The near-term outlook for gold has turned neutral, with bulls seemingly unwilling to give up. On Thursday, the U.S. will publish preliminary first-quarter gross domestic product (GDP) data, which is expected to show annualized growth of...

Gold_Digger_King Updated 

friends The recent overall trend of gold in the market has shown a decline, but trading is also full of challenges. Opportunities and challenges coexist. Are you ready to meet your challenges? In my trading advice today, I emphasized the trading idea of shorting gold at high prices after a rebound. I wonder if you have adopted my trading idea in your trading...

Gold_Digger_King Updated 

Friends, gold has plummeted recently, and opportunities and challenges coexist. Are you ready to welcome your victory? Spot gold suddenly plunged nearly 40 US dollars in the short term, and the gold price just hit a low of 2295.44 US dollars. What happened yesterday was that this important factor that was good for gold prices disappeared. Tehran has played down...

Gold_Digger_King Updated 

Gold plummeted more than $50 today, and has already seen a negative trend during the day. With the market's concerns about conflicts in the Middle East further fading and the continuous hawkish signals from Federal Reserve officials, a sharp decline is expected in the near future. As the impact of the situation in the Middle East subsided, the price fell as low...

Gold_Digger_King Updated 

In early Asian trading, spot gold fell within a narrow range and is currently trading around $2,383. Gold prices temporarily came under pressure at the $2,400 level mid-week last week, but with two failed breakouts, bulls have opened the door to profit from the breakout, but support continues to be bought. I’m not sure if this is accumulation from larger...

Gold_Digger_King Updated 

Friends, what I have been suggesting in the past few days has been to go long at the right price. After the release of non-agricultural employment data, the price of gold was suppressed and there was a certain downward adjustment. However, the trend of gold prices is upward, so after the impact of the news, the gold price surged, and now the gold price remains...

Gold_Digger_King Updated 

After the opening of the Asian trading session on Monday (April 1), spot gold rose sharply, with the gold price reaching a maximum of $2,265, a record high. Global geopolitical tensions are one of the reasons for the rise in gold prices, and investors may consider gold as a neutral reserve asset. Strong safe-haven demand, expectations of U.S. interest rate cuts...

Gold_Digger_King Updated 

What needs special attention this week is that the price of gold will rise in the short term, and various news will also affect the trend of gold prices. In early trading in the Asian market on Monday, spot gold suddenly rose sharply in the short term. The price of gold just exceeded US$2,176 per ounce, rising by more than US$11 during the day. The latest...

Gold_Digger_King Updated 

In early trading in the European market on Thursday (March 21), spot gold continued its intraday gains and is currently trading around US$2,200, rising by more than US$20 during the day. Spot gold is trading at $2,200 an ounce. Looking at the daily chart of gold, gold prices have confirmed the formation of a bullish flag, with the relative strength index (RSI)...

Gold_Digger_King Updated 

The price of gold is now $2157 From a gold technical perspective, the relative strength index (RSI) remains bullish and gold prices await confirmation of a bullish flag pattern. Focus on Fed rate decision and Powell press conference The U.S. Federal Open Market Committee (FOMC) will announce its interest rate resolution and summary of economic expectations;...