TX-7

TX-7 Updated 

Before the NFP data was released last Friday, we were at 2365 Sell. The data was negative for gold as expected, and the price successfully touched TP1: 2352. The unemployment rate data released subsequently was positive for gold, and gold rose all the way to 2390. The market has continued to fall since the opening this week, and the first support below is 2365,...

TX-7 Updated 

Because the US market was closed, gold fluctuated sideways for a day yesterday, until today it came to around 2365 again, which is also in line with our bullish strategy yesterday, but today is different, because NFP and unemployment rate, two important data that are only released once a month, are about to be released. First of all, it can be clearly seen that...

TX-7 Updated 

Gold broke through multiple resistance levels yesterday with the positive ADP and initial claims data, reaching a high of 2365. From the perspective of gold (1H), it has broken through the box oscillation range and has not fallen back quickly after the breakthrough, which shows that the gold price has stabilized above the oscillation box. Therefore, from the...

TX-7

Recently, we have sold gold at high levels and achieved good results and profits. Today, gold broke through the resistance range of 2332-2342 and is currently fluctuating around 2346, not far from the resistance range. Tonight, whether it is bullish or bearish, we need to wait for the release of ADP data. Therefore, combined with the current market information, I...

TX-7 Updated 

Last week, I clearly said that 2332-2342 is the resistance area of ​​gold. Once you get here, you can choose to sell. We have sold here many times before, and basically made good profits. Now the gold price has rebounded to this point again. Don't hesitate, just keep selling. This week is a data week, with multiple important data released, and the risks and...

TX-7 Updated 

We are mainly bearish on gold in the near future. Now the gold price is still in a downward trend. As long as it rebounds, it will give a better Sell price. Yesterday, the gold price fell below the 2300 integer mark as expected. Today, it is likely to try the support of this area again. It is currently rebounding strongly, but I personally think it is just a...

TX-7 Updated 

First of all, in the general direction, I personally predict that oil prices are expected to close higher for the third consecutive week. This is due to the solid prospect of the Federal Reserve cutting interest rates, which enhances the attractiveness of oil prices, and the upward risks brought by the expanding crisis in the Middle East, which suppresses supply...

TX-7 Updated 

Gold rebounded strongly yesterday and continued to rise despite multiple negative data, which was beyond everyone's expectations. But the rebound is always just a rebound. Before breaking through the resistance area of ​​2332-2342, it is just a rebound, not a reversal. Looking back at the market trend this month, it basically fluctuated widely around the support...

TX-7 Updated 

Yesterday we once again chose to Sell on the rebound. As expected, the gold price fell below the 2300 integer mark. So far this week, Sell has reached the target price during many rebounds. When the price of gold falls below the 2300 support, the room for the price of gold to fall further opens up. It currently maintains a downward trend, so in terms of operating...

TX-7 Updated 

This week, we insisted on selling when gold rebounded, and the effect was very good. Yesterday, it fell below the support of 2318 and fell to 2305. Our strategy of selling at 2332 made a good profit. Today is no exception. We continue to sell when it rebounds, with targets of 2300 and 2290. Technical analysis: From the 1-hour gold chart, we can see that the...

TX-7 Updated 

Yesterday I said that 2332 is a strong resistance area. Historically, the market has fallen many times when it reached this area. Yesterday was no exception. It rebounded to this area and then began to fall. But yesterday, the market activity was very low, and it only fell to 2323. Today, it rebounded to this area again. I think the opportunity has come again, and...

TX-7 Updated 

Gold prices fell sharply last Friday and turned to a downward trend again. From the daily chart, it is currently in a strong state of a big negative line. The trend remains unchanged. Rebounds are opportunities to sell, and the current rebound of gold prices is just like this. This is just a rebound, not a reversal. From the 1-hour chart, you can see that the...

TX-7 Updated 

Yesterday, due to the US market being closed, the gold price basically did not move much and remained in a volatile state. Today, gold began to rise at the opening and broke through the resistance near 2340, and the upward momentum was relatively strong. The possibility of gold price rising in the future is relatively high, and the main strategy today has turned...

TX-7 Updated 

After the pressure level of 2335 was broken, we decisively bought at 2332 during the correction yesterday. The gold price eventually rose to 2365, with a huge profit margin. Today, our strategy remains unchanged and we continue to be bullish. We can buy again when we wait for the support to fall back. From the 1-hour chart, we can see that the gold price chose to...

TX-7 Updated 

The monthly rate of US retail sales is bullish for gold. Gold has seen a wave of gains, but then it rose and fell. This is the main theme recently. The positive data of gold are all rising and falling. The rebound highs cannot break through the new highs, and the trend is still downward. Therefore, we are mainly bearish today. Don't rush to enter now. Wait for...

TX-7 Updated 

WTI oil prices remained stable before the release of producer price data on Thursday. Oil prices may weaken as rising interest rates curb US economic growth. US crude oil inventories increased by 3.7 million barrels, while inventories decreased by 1.55 million barrels, and crude oil prices face challenges. From the daily chart level, the moving average system of...

TX-7 Updated 

Gold did not directly break through the previous high of 2340 at the opening on Monday, but fell directly. Gold does not have enough momentum to support its continued rise, and it is still fluctuating in a large range. Gold is still fluctuating in a large range in 1 hour, and has not broken up either up or down, so we continue to control the rhythm of selling...

TX-7 Updated 

Gold bulls are just a flash in the pan. Neither the positive CPI data nor the Fed can save gold bulls. Gold rose and fell yesterday. The end of the five-wave rise in the gold 1-hour chart ended the current round of gold rebound. Gold continues to continue the bearish trend. Gold is likely to break through 2300 again during the US trading period, setting a new low...