Reliable_Trading

Reliable_Trading

The fluctuation of gold in the past two days is very large. The rapid rise and fall have added great risks to the transaction. Although the gold price has continued to fall in the past two days, it is possible to rise sharply at any time. From the 4-hour chart, the gold price has now stepped back to the bottom trend line, 3340-3335 area. If it can hold here, gold...

Reliable_Trading Updated 

Yesterday, Trump criticized the Federal Reserve three times, pointing the finger at Powell, and demanded that the Federal Reserve should reduce interest rates by 3 percentage points or even more. At the same time, they expressed dissatisfaction with the renovation costs of the Federal Reserve. White House staff also planned to enter the Federal Reserve to conduct...

Reliable_Trading Updated 

Yesterday I said that as long as gold does not break through the 3400 integer mark, you can boldly short it, and today I still hold the same view. Although the gold price touched the 3400 line yesterday, it did not stand firm and now it is back to around 3385. As long as 3400 is not effectively broken, we can continue to short it based on the upper resistance,...

Reliable_Trading

Just now, our long position successfully reached the final target, and the profit margin is very good. Congratulations to my friends who follow me in trading. Gold rebounded strongly after falling back to 3340 today, and the current price is around 3383. From the trend of the 4-hour chart, the 3380-3390 area is close to the top of the range. It is not easy to...

Reliable_Trading Updated 

From the 1-hour chart, we can see that the gold price has broken the downward trend line after breaking through 3345 today, and is currently blocked near the previous high of 3355. I personally think that 3355 may play a certain role in the short term, but as long as the gold price falls back and accumulates strength again, it is only a matter of time before it...

Reliable_Trading Updated 

Yesterday was a crazy day. First, the White House confirmed that Trump was going to fire Powell, which led to a surge in gold prices and a sharp drop in the US dollar. It also caused our long positions bought at low levels to reach TP1 and TP2, making a lot of money. Then Trump came out to clarify that there was no plan to fire Powell. Affected by this, market...

Reliable_Trading

As the White House confirmed that Trump was going to fire Powell, gold surged from 3320 in the short term, and now has reached 3377, an increase of 57$. Our strategy of buying in the 3320-3328 area today also benefited from this and made considerable profits. At present, it seems that the technical analysis has temporarily lost its meaning, because the impact of...

Reliable_Trading Updated 

As expected, the gold price encountered resistance and pulled back at 3340-3345. Our decision to close the position in advance and lock in profits was very correct. Now the gold price has pulled back to around 3330, and it is very close to the support of 3328. Judging from the trend of gold prices, today's key support is at 0.5 of the Fibonacci retracement...

Reliable_Trading Updated 

As the CPI data was released at 2.7%, which was in line with market expectations and the highest since February, it means that inflation will intensify and the probability of interest rate cuts will decrease, causing gold to fall rapidly in a short period of time. From the trend point of view, the gold price fell below the support of 3340 and fluctuated around...

Reliable_Trading

From the new tariff policy after the suspension period last week, to Trump's explicit request for Powell to cut interest rates, to the latest statement on the situation between Russia and Ukraine, every one of them is a risk event. The reason why the market trend has not exploded is not because it does not want to explode, but because it needs to accumulate...

Reliable_Trading Updated 

As Trump once again imposed tariffs on foreign countries, trade uncertainty intensified, prompting safe-haven buying in the gold market. Another more unexpected and significant event than the impact of tariffs is the market rumor that the chairman of the Federal Reserve will resign. Once Powell is forced to leave, the independence of the Federal Reserve will be...

Reliable_Trading Updated 

After the tariff policy for 14 countries was released, Trump announced that Canada would be levied 35% and Japan, South Korea and other countries would be levied 25%. Canada, the European Union, and Japan are likely to take countermeasures. Although the market has reacted calmly to these events, they are actually lurking crises. These potential risk events may...

Reliable_Trading

As expected, gold continued to rise after breaking through the key resistance level of 3345, and now it is around 3365. Considering that 3365 is the previous high point, there may be some resistance here, so the long orders that can be held can be closed again to keep the profits. If the gold price can retreat to around 3345 today, you can consider buying it...

Reliable_Trading Updated 

From the overall trend, the gold price is still in the downward trend channel. Just now, the gold price encountered resistance again near the trend channel, that is, 3330. If it cannot break through here, it is likely to fall again. According to the previous support, the gold price of 3300 and 3280 are the key support positions, so you can choose to sell at a...

Reliable_Trading

Yesterday, gold rebounded strongly during the US trading session, with basically no repeated fluctuations in the middle, and finally closed near 3340. Unfortunately, the short position I held yesterday also touched the SL. In fact, I feel that the trend of gold yesterday was somewhat tempting to short, otherwise it would not have rebounded so strongly after...

Reliable_Trading Updated 

Trump announced in April that he would impose a basic tariff rate of 10% on most countries and a tariff of up to 50%, but later postponed the effective date of all tariffs except the 10% to July 9. Trump said on Sunday that the United States is about to finalize several trade agreements in the next few days and will notify other countries of the tariff increase...

Reliable_Trading

Yesterday, our strategy was to go long on gold if 3325 was not broken. Although the price of gold briefly broke through 3325 after the release of NFP and other data, it never fell below this level after the rebound, indicating that there is indeed strong support here. The long positions we bought here also successfully reached the target of 3345. Congratulations...

Reliable_Trading Updated 

Yesterday, the gold price fell as expected after hitting 3350, reaching a low of around 3334. During this period, friends who followed the short selling made money, congratulations. As the weaker-than-expected ADP data triggered investors' concerns about the possibility of an earlier rate cut by the Federal Reserve, gold once broke through the 3350 resistance...