TX-7

TX-7 Updated  Jun 12, 2024

It is obvious that gold has been fluctuating and adjusting in the past two days, which is the same as we expected, but the amplitude is even smaller. The market rhythm is relatively slow, and it has been in a narrow range around 2315. Such a small fluctuation indicates that a big market is about to appear. Today is about to usher in the CPI + Federal Reserve...

TX-7 Updated  Jun 11, 2024

I said yesterday that gold will definitely be adjusted after the plunge last Friday. In the short term, we cannot only be bearish or bullish, but we must respond flexibly and buy low and sell high in the 2315-2285 range. Yesterday, the gold price rebounded to 2313 and began to fall. It fell below 2300 and then rebounded again. The fluctuation was not...

TX-7 Updated  Jun 11, 2024

Currently, gold has returned to the downward trend after Friday's plunge. As long as the trend does not change, then a rebound is a good sell opportunity. After the sharp drop on Friday, the gold trend will definitely be adjusted, so we can buy low and sell high in the range of 2315-2285. Now we should not rush to enter, wait for the rebound to the previous low...

TX-7 Jun 6, 2024

A sharp rise in gold is prone to a market that lures more buyers. Tomorrow's NFP, it is still difficult to see a unilateral big market today. After gold rises and falls, it is still high to sell after confirming the resistance level. Gold rises and falls, it is easy to form a shooting star pattern. Now gold has a shooting star pattern in 30 minutes. Gold is still...

TX-7 Updated  Jun 5, 2024

Gold rebounded after a round of decline, but the high point of this rebound became lower again, and fell again when it reached around 2341. Although the ADP data just released was bullish for gold, gold is still in a weak and volatile state, and has not rebounded significantly. of rise. On the whole, gold is still in a downward trend, with lows moving downwards...

TX-7 Updated  Jun 3, 2024

In recent days, the international situation has been frequent, and the global situation has evolved very rapidly. The pressure on the US dollar index has increased dramatically, but the US dollar will not fall casually. Therefore, even if the global situation is very unfavorable, it is also quite a headache for the US dollar index. However, it is still difficult...

TX-7 Jun 3, 2024

Gold is weak overall during the day. So far, the highest rebound of gold is 2333. It may be difficult to get a good short position in the short term, so we can consider selling around 2330. Technically, the weekly line 2449 fell under pressure and closed down with a big negative line. The rebound last week was fruitless. The weekly line closed with a negative...

TX-7 Updated  May 31, 2024

We have sold gold at high levels many times recently and have successfully reached TP. The winning streak is very good. We are ready to sell again today. Today, gold fluctuated narrowly in the Asian and European sessions, and the fluctuation range narrowed. Focus on the 2350 area. The gold price is below this area. We still maintain the bearish thinking! If it...

TX-7 Updated  May 30, 2024

Gold rose due to the bullish data in the US market, but the stimulus brought by the bullish data has been digested. There are many resistances on the daily line, so continue to short. Gold is currently priced at 2350 in the US market and is directly short! The 4-hour moving average of gold has also begun to turn downward, and the rebound space for gold bulls is...

TX-7 Updated  May 30, 2024

Yesterday, the US dollar index went through a wave of rising market. I have said before that the US dollar index cannot continue to fall, because the current situation does not allow it at all. Therefore, after the falling demand is released, the US dollar index will inevitably rise. However, it should be noted that the current situation also lacks effective...

TX-7 Updated  May 30, 2024

This wave of gold rebound has come to an end, and the decline is inevitable. Our strategy of selling at 2358 yesterday seems to be very correct. Today we will follow the trend. Gold has been weakening continuously, breaking through the support level of the rising trend line at 2342. The rebound in recent days has been very weak. The decline of gold is completely...

TX-7 Updated  May 30, 2024

Currently, gold is clearly in a volatile upward stage, the volatility is not very large, and the price range has been running between the upper and lower counters of the Bollinger Bands. Today we bought when the price of gold fell to 2342 and successfully reached TP2355. Now the price is again near the Bollinger Band upper limit, and the opportunity to sell has...

TX-7 May 27, 2024

The 1-hour moving average of gold continues to cross downwards and the short position is arranged. The decline is not over yet, and there is still room for decline. The U.S. market is closed today. The market is likely to fluctuate slightly. Since it has already risen, don’t chase more, or choose Sell at a high position is safer. The current price of gold is 2347,...

TX-7 Updated  May 26, 2024

Yesterday, our gold, crude oil, and EURUSD all successfully reached TP. We hope that the last trading day of this week can close perfectly. Gold rebounded weakly in Asia and Europe today, and the strength of the rebound was limited. Overall, it is still in a bearish trend. As long as it rebounds, it will give Sell an opportunity. Gold has fallen from its high...

TX-7 Updated  May 26, 2024

The U.S. dollar index fell under pressure today after a number of major global events. But this phenomenon will only be short-lived, because the price of the U.S. dollar index has fallen back, and there may soon be a protective behavior during the U.S. trading time. Today, the U.S. dollar index does not rule out a counterattack, because this is a kind of...

TX-7 Updated  May 26, 2024

Looking at the hourly chart of crude oil, oil prices hit 76.70 to gain support. The price rebounded during the day and is now around 78.2. Judging from the strength of the two waves of decline and then rebound, the momentum of the bulls has strengthened. However, oil prices are still suppressed by the moving average system, and the current price is near the upper...

TX-7 Updated  May 26, 2024

Gold has plummeted after falling below the 2400 support. The current drop is almost 100 US dollars. Gold is now covered by dark clouds at high levels. The short trend will continue, and gold rebound can continue to sell. Gold's 1-hour moving average began to cross downwards, falling like a waterfall. The bulls were helpless and basically had no rebound power, and...

TX-7 Updated  May 23, 2024

Gold fluctuated downward for 30 minutes, and the rebound high points of gold successively decreased, and the rebound was not strong. The 30-minute moving average of gold began to turn, and there were signs of forming a dead cross. If the 30-minute moving average of gold formed a dead cross downward, then there would be room for gold to adjust downward. will...