Gold enters the range fluctuation in the 4-hour chart. From the chart, we can see that the trend is triangular, with high points gradually moving down and low points gradually moving up. When the space cannot be expanded, there will be a breakthrough in one direction. There will be news this week. Therefore, short-term trading still depends on highs and lows. The...
As the current price is basically fluctuating within the large range of 3260-3370, the overall trend is fluctuating downward, the high point is constantly moving down, and the low point is tested many times. The more tests are made, the greater the probability of breaking. Therefore, the continuity of the rebound is not strong. In the morning, we stepped back to...
Gold fluctuated widely last Friday, with the range exceeding 100. This week, we need to pay special attention to the release of ADP employment data. Currently, the upper resistance is 3336-3340 and the lower support is 3260-3265. It is recommended to go long on the pullback.
Gold has fallen a lot since it opened. The rise and fall of gold is not based on technical factors, but more on fundamentals and news. We are bearish on gold at the moment. If it continues to fall, the target will be 3230. Gold operations are mainly short-selling on rebounds, supplemented by long-selling on pullbacks. Pay attention to the 3300 resistance on the...
From the current market, gold continued to fall on Wednesday. This wave peaked at 3500 and hit a low of 3260 on Wednesday. It fell by 240 US dollars in two trading days this week. The force is very strong and the trend is very panic. Adjustment is an opportunity to go long, so once the adjustment is over, you can start to go long and bullish. At the opening of...
From the 4-hour gold chart, although it once fell nearly $200 from its high, the gold price gradually stood firm yesterday and began to rebound. It has now returned to above 3270. However, given that the moving average group is in a sticky state and the MACD indicator has also adjusted to near the 0 axis, the short-term competition between long and short positions...
Gold price rose rapidly after opening. The MACD indicator fast and slow lines showed signs of intersection, forming a golden cross. In terms of news, India and Pakistan had a conflict, which led to the rise of gold and became one of the safe-haven economies. Today's gold recommendation: mainly long; focus on the upper resistance level of 3375.
In 1 hour, after gold price fell below the two key positions of 3356 and 3285 today, the support moved down to around 3245. Although there was a rebound in the US market, it is likely to go to the range of 3228 to 3245 before rebounding, so the support references are 3260 and 3245; the end of the market is bearish, and the steady operation is to enter short orders...
This wave of gold correction is still ongoing. In fact, the market has a warning for today's pullback. After all, yesterday's closing line was a big negative line, so the trend of gold will definitely continue. Moreover, after gold rose to the 3500 level yesterday, the trend weakened. The market fell all the way and broke through the 3400 mark and the 3300 mark,...
