Reliable_Trading

Reliable_Trading

Yesterday I said that although the risk aversion has eased, gold remains high and will continue to rise as long as the adjustment is over. The result is self-evident. As Trump pushed forward the possible expansion of tariff trade investigation last night, the slightly subsided risk aversion ushered in a rise again, and the gold price also hit a new record high of...

Reliable_Trading

In the previous article, I said that gold has shown signs of over-inflation recently. We should not be overly bullish and should be wary of the risk of a sharp correction. Now it seems to be true. Although I have anticipated the possibility of a sharp correction today, I did not expect it to come so quickly. I originally thought that gold would have another...

Reliable_Trading

Due to the insufficient retracement yesterday, we failed to enter the market for two long orders, but our direction judgment was still correct. After rising to 3058 yesterday, it quickly rose again by nearly $30 during the Asian session today, and the historical high was refreshed to 3086. I said earlier that as long as the gold price breaks through the...

Reliable_Trading Updated 

In yesterday's article, I said that there is a high probability that the fluctuation range of 3000-3030 will be broken, and it will be an upward breakthrough. Now it seems to be true. Yesterday, we bought the first transaction at a low level and took profit near 3030. When the price retreated to 3015, we bought the second long position again, but the rise was weak...

Reliable_Trading Updated 

In the previous article, our bullish strategy successfully took profits near 3030 and successfully won 8 consecutive victories. I have repeatedly emphasized the resistance level at 3030 and 3038 in the past few days. If it cannot be exceeded, it will fall into adjustment again. Sure enough, gold has now pulled back to around 3015. I think the retracement is for...

Reliable_Trading Updated 

Yesterday we were bullish at 3015. After the release of consumer confidence data in the US market, the gold price rose rapidly, reaching the highest level of 3036, and our gold trading also ushered in 7 consecutive wins. From the 1H chart, we can clearly see that gold has been fluctuating in the range of 3000-3030 recently, but today is Wednesday, which I...

Reliable_Trading Updated 

We noticed that gold has just stepped back to the key support level of 3000-3005. The strength of the support here has been seen by everyone last week. As long as it does not fall below this level, gold will most likely rebound again. Therefore, I think that the support area of 3000-3005 can be considered as a short-term long order, and the target is set at 0.618...

Reliable_Trading

Today we shorted gold near 3030, and finally took profits at 3015. Friends who followed the trade made a lot of profits. Congratulations to everyone! In the previous article, I said that as long as the two suppression levels of 3030 and 3038 are not broken, gold will still be bearish. Now that the gold price has fallen as expected, our view can continue to remain...

Reliable_Trading Updated 

Last week, the US dollar index recorded its first weekly rise this month as Fed officials said they were not in a hurry to cut interest rates. Affected by the strengthening of the US dollar and market profit-taking, gold once touched the $3,000 mark in the US market. Subsequently, due to the uncertainty of geopolitics and the US economy, gold rebounded. At...

Reliable_Trading Updated 

Since the first article yesterday, I have said that we should be alert to the risk of callback in the last two days of this week. As expected, the price of gold has fallen to the integer mark of 3000, and we have also ushered in the 4th consecutive victory of shorting gold. The support near the integer mark of 3000 is definitely relatively strong, which is why I...

Reliable_Trading Updated 

In yesterday's article, I reminded everyone to be wary of the callback risk in the next two days this week, and gave a short selling range of 3045-3050, and finally closed the position at 3027 for profit. When the gold price rebounded again, I again gave a sell range of 3040-3045, and hit the take profit at 3030. When it rebounded again in the evening, we sold in...

Reliable_Trading Updated 

In the previous article, I reminded everyone to be alert to the risk of callbacks, and led everyone to sell at 3045 and close positions at 3027, with a very good profit margin. As of now, it is a very correct decision for us to close positions at 3027 in advance to lock in profits. The current price has rebounded to 3042. However, don’t think that the short...

Reliable_Trading Updated 

At present, gold is still struggling in the range, but the hourly chart shows an obvious head and shoulders trend, with the head at 3057, the shoulder at 3045, and the neckline at 3022. Once the hourly chart stands below 3022, the market is expected to fall further to the 3000 mark. Only if it falls below the 3000 mark can it fall better!!!

Reliable_Trading Updated 

The overall effect of this Fed interest rate meeting and Powell's speech was significant, boosting the falling US stocks, and the continuous rise of gold during this period is releasing this positive impact, and there is a great possibility of early digestion. At present, the bullish sentiment of gold is still rising, but I am negative about whether this sentiment...

Reliable_Trading

ETH Technical Analysis and Trading Strategies – March 19 Market Overview: On the daily chart, ETH closed with a small positive line yesterday, continuing the short-term rising pattern. However, the price is still below the moving averages, and despite the golden cross signal, the fast and slow lines are still below the zero axis, indicating a lack of strong...

Reliable_Trading

BTC Technical Analysis & Trading Strategy – March 19 Market Overview: This week, Bitcoin (BTC) has remained in a consolidation phase, exhibiting an alternating bullish-bearish daily pattern. Despite the formation of a golden cross on technical indicators, BTC has failed to break new highs or sustain its upward momentum. Over the past two days, price action has...

Reliable_Trading

As the United States hits the Houthi armed forces hard, the situation in the Middle East heats up again. After two days of volatility, gold has reached a new high today, and the historical high has been refreshed to 3028. Since the 3000 integer mark has been officially broken, the bulls will definitely follow suit, so the bullish trend is certain, and I only need...

Reliable_Trading

In last Friday's article, I said that there is no reason to chase the 3000 integer mark, and I also compared the pros and cons of long and short with you. Then the gold price fell back to 2980 as expected, and the friends who followed my copy trading all made good profits. From the 4H chart, the current 3000 points are at the top position, and the possibility of...