RonPeter_Trading

RonPeter_Trading

In the gold price trend, we see that the market has formed several key technical structures during the fluctuation process. First, the gold price is currently approaching the resistance line of $2,935 and has experienced some shocks and pullbacks. According to the Fibonacci retracement line, the current price is near the 0.5 position (about $2,918), which shows...

RonPeter_Trading Updated 

After hitting the 2954 line recently, gold turned downward and fluctuated weakly. The current structure has broken the upward channel of the hourly line. After testing the 2918 support today, it quickly pulled back, but the pressure near 2936 above failed to form an effective upward break, but formed a head and shoulders top pattern. There are even signs of a...

RonPeter_Trading Updated 

Gold rebounded after falling to 2924 in the evening, and then maintained weak consolidation under the pressure of the hourly middle track, but it is still in a bullish trend overall. The pattern is similar to yesterday's trend. The US market fell first and then rose, presenting a step-like rising structure. Bearishness must break this structure before...

RonPeter_Trading

Gold is still bullish in terms of its current trend, and there are signs of breaking new highs recently. If the price can stabilize at 2950, ​​it is likely to reach 2970 and 3000 points in the future. There is no sign of a bearish turn in the short-term trend pattern. Pay attention to the key support line of 2930 below, which is the turning point between long and...

RonPeter_Trading Updated 

Gold is still in an upward trend, but the upper resistance has already suppressed the price to a certain extent. The gold price hit 2949 for the third time and was blocked near the range and fell back, forming a short-term high. At present, the gold price has broken the 2930 support and continues to test the 2918 line downward. If this position breaks down, gold...

RonPeter_Trading Updated 

The price of gold is currently running in an upward channel and is close to the upper resistance area. After touching the upper resistance line, the price showed signs of being blocked many times, forming two obvious pullbacks. Combined with the Fibonacci retracement level, the current price is close to the strong resistance area of ​​0.786 (2949.47). The...

RonPeter_Trading Updated 

Gold prices continue to be in an upward trend channel, and prices are currently near the lower track of the channel, and there are strong signs of a rebound. This shows that the bullish trend in the gold market remains, and despite the short-term price correction, the market as a whole is still inclined to rise. Gold prices have rebounded from the lows and seem...

RonPeter_Trading

Gold prices are currently in an upward trend channel. Although gold prices have experienced some retracements during the upward process, they remain within the upward channel. The recent upward momentum of prices is strong, and the price has not broken through the lower track of the channel, and the upward trend has not been fundamentally damaged. The current...

RonPeter_Trading

In today's gold market, the price retreated to around $2,890. After a rapid rebound, the gold price returned to around $2,899 again, showing a certain market recovery momentum. Fibonacci retracement and support level From the chart, gold is currently testing an important support range of $2,890 (Fibonacci 0.236) to $2,879.86 (Fibonacci 0.236). This price range...

RonPeter_Trading Updated 

The price of gold is currently trading at 2899. From the recent trend, after a sharp decline, the price of gold was supported near $2879.86 and then rebounded. The current price is back above $2900, showing a certain rebound momentum. Combined with the Fibonacci retracement levels in the figure: The 0.236 level is at $2889.82; The 0.382 level is at...

RonPeter_Trading Updated 

After a strong rise, the recent trend of gold prices shows a certain degree of correction. The current gold price is approaching the key support range of Fibonacci retracement, especially the 0.236 and 0.382 levels, which are located near $2889.82 and $2905.66 respectively. This area may provide support to the price and prompt a rebound. The observed 0.618...

RonPeter_Trading

The daily chart of Bitcoin shows a volatile upward trend. The current price is $97,761.84, with a daily increase of 0.27%. It can be observed from the chart that Bitcoin has experienced a round of strong rise since the fourth quarter of 2024, breaking through the previous downward channel. After forming a breakthrough point in November, it opened a clear upward...

RonPeter_Trading Updated 

Gold is currently in an upward channel. After the price was supported by the lower track of the channel, it fluctuated upward all the way and is now close to the middle track of the channel and the upper resistance area. In the short term, the price is expected to continue to run in the channel, and the upward trend is not broken. Among them, the area near...

RonPeter_Trading Updated 

From the perspective of gold price trends, the current market shows a steady upward trend, forming several typical "ascending triangle" patterns. In technical analysis, triangles usually indicate that the market is in a consolidation phase, but it also means that prices may continue to rise, especially after breaking through the upper sideline. The rise in gold...

RonPeter_Trading Updated 

The price of gold (XAU/USD) shows a clear upward trend on the 1-hour chart. From the overall trend, the price of gold rebounded from the $2772 level and gradually climbed in the following hours, breaking through several key support and resistance levels, showing strong bullish momentum. As we can see from the chart, the price of gold has formed multiple highs...

RonPeter_Trading Updated 

The price of gold fluctuates within the rising channel. The lower and upper rails of the hourly channel are the fluctuation boundaries of the price. At present, the price of gold has touched the upper rail of the rising channel and has retreated, which means that the market may have the opportunity to reverse or continue to rise when approaching important...

RonPeter_Trading Updated 

After gold rose strongly to 2942, it fell back all the way. So far, the lowest point below has reached 2880. Not only has the upward space within the day been recovered, but the previous strong pressure level of 2880 has been tested twice. As we all know, 2880 is the current top-bottom conversion. Once this area is lost, it means that this round of rise has...

RonPeter_Trading Updated 

Gold fell from its highs today, but the overall trend has not changed in terms of long and short nature. The lower trend line supports 2790. If this position is not broken, gold is still in an upward trend, and the daily line turns into an ascending triangle to break through the upward pattern. Gold's high today is 2942, and it continues to fall back to 2881,...