MabelLew

MabelLew Updated 

News: The US economic data in April was weak across the board, with the producer price index (PPI) unexpectedly falling by 0.5%, retail sales growth plummeting to 0.1%, and manufacturing output falling by 0.4%, which severely hit the market's confidence in the US economy. Affected by this, the US bond market fluctuated violently, with the 10-year US bond yield...

MabelLew Updated 

News: The gold market has been experiencing violent fluctuations recently, with a significant correction from historical highs, triggering heated discussions in the market. Its price decline is mainly driven by two major factors: First, global trade tensions have eased. China and the United States have significantly reduced tariffs and suspended some tariffs for...

MabelLew Updated 

My article today emphasized that gold may fall below 3200. Sure enough, it did so without hesitation today and fell to around 3175 in the short term. At present, gold has rebounded, and the short-term pressure is around 3200, so you can short at this position. In the short term, focus on the support near 3160 below. If it falls below, there is still room for gold...

MabelLew Updated 

Technical aspects：The pressure area of ​​gold is concentrated in the range of 3250-3260. If the market remains weak and under pressure, it will be difficult for gold prices to break through this area. The key support around 3210-3200 should be focused on for gold to go down. If the gold price falls below the support of 3200, it may trigger a waterfall-like...

MabelLew Updated 

Gold has an obvious double bottom structure at the bottom, and gold has an obvious bottom signal near 3210 Trading ideas: Buy gold near 3238, stop loss 3220, target 3270

MabelLew Updated 

Gold stabilized after touching the support of the 3193-3202 rising trend line. Although the US market rebounded, it did not form an effective breakthrough. In the short term, it is still dominated by shorts. Short-term strategy: Before 3200 is broken, you can go long on dips. If it falls below, stop the loss decisively, and use a small stop loss to game the...

MabelLew Updated 

Due to the ceasefire between India and Pakistan and the easing of the Sino-US trade war, gold opened directly and fell below 3280 and 3260 successively, so the decline of gold will continue. From the gold hourly chart, the focus below is on the 3200 integer mark. If it falls below 3200 and cannot effectively stabilize, then gold will have a big double top here,...

MabelLew Updated 

In terms of news: Major events over the weekend include the conflict between Russia and Ukraine, the sudden change in the situation between India and Pakistan, and the progress of Sino-US negotiations: Although India and Pakistan announced a truce, India's surprise attack turned the agreement into a joke. The high-level economic and trade talks between China and...

MabelLew Updated 

Gold's 1-hour moving average continues to turn downward. If it crosses below to form a downward death cross, then gold's room for decline may further open up. The short-term short position of gold has not ended yet. Gold has a trend of falling again. The short-term trend of gold is still short. Trading ideas: short gold near 3325, stop loss 3340, target 3290

MabelLew

After gold fell below 3400 today, it ushered in a big decline, falling directly below the key position of 3350. Since gold breaks down, let’s take advantage of the trend and go short Since the bullish volume of gold market has been released, the bullish trend of gold needs to be repaired in the short term before it can rise further. Trading idea: short gold...

MabelLew

The Federal Reserve's interest rate decision will keep the interest rate unchanged, which is in line with the psychological expectations of most people in the market. The current price of gold still continues to fluctuate at high levels, but in terms of the general direction, gold bulls have actually not changed, and bulls are still in a strong phase. If gold...

MabelLew Updated 

Gold is under pressure around 3400. Today we will have the Fed's interest rate decision and Powell's speech. If gold is under pressure at 3400, it is expected to fall. Before the data, we need to be cautious. In terms of trading ideas, we can short short-term, pay attention to the short near 3393-96, stop loss 3403, take profit 3360/3350

MabelLew Updated 

Gold has reached a high of around 3404, so this position can be used as an important pressure point. In this continuous upward trend, once there is a sharp decline, it is likely to be a signal that the short-term bulls have peaked. Then we need to consider whether the bears can reverse, and the current upper pressure point is also the high point of the last wave...

MabelLew Updated 

Gold hit a new high, with the high point near 3397. From the gold hourly chart, 3397 is still an obvious pressure, and the support below is around 3368 We can go short around 3397, and then go long when it falls back to 3368

MabelLew Updated 

Gold rebounded to around 3380, and the K-line decline was inevitable, so there is no doubt that the gold price will fall. The current K-line closed with an upper shadow, which is a sign that the bulls have reached their peak. Trading ideas: short gold near 3380, stop loss 3390, target 3350

MabelLew

News: Gold rose sharply, mainly because Trump announced a 100% tariff on all films produced abroad and entering the United States, which once again triggered global trade tensions. At the same time, the conflict between Russia and Ukraine is still ongoing, and the situation in the Middle East has become tense again. For example, Israel’s missile attacks retaliated...

MabelLew Updated 

After gold rebounded, there was strong pressure around 3315, so it was a short opportunity, sl: 3325, tp: 3290

MabelLew Updated 

The 1-hour moving average of gold continues to form a downward short position, and there is still room for gold shorts. Gold came under pressure at the 3270 line last week and fell back. Currently, the 1-hour gold is still fluctuating within a range. It is still mainly short above the rebound of gold. Trading ideas: Short gold near 3270, stop loss 3280, target 3240