Traders-Marvin

Traders-Marvin

The golden lifeline is divided into 1960, which is used to determine the long and short range. The high point has not been broken. From the beginning of this week to the determination of the high point until now, the high point has moved downwards, the low points have been refreshed, and the range has been switched downwards one after another. There has also been...

Traders-Marvin Updated 

Gold lost 1945 again after falling for three consecutive days, and Powell's hawkish tone continued. At a meeting on Wednesday, Powell did not comment on monetary policy or the economic outlook. He was scheduled to speak at another meeting later in the day. ​ While markets interpreted his comments last week as less hawkish, Powell largely maintained his stance...

Traders-Marvin Updated 

Gold ushered in a short-term rebound, rising to 1959, which was related to the Federal Reserve's remarks about suspending interest rate hikes. Observe trends currently. Likely to hover around 1960 before correcting downwards.

Traders-Marvin Updated 

We still need to understand that the reason for the decline is due to the decline in market risk aversion and the temporary relief of problems in the Middle East. However, the current vicinity of 1950 is a very critical point, which is almost related to the long-short dividing point of gold in the short term. In the long term, gold's decline is a foregone...

Traders-Marvin

Many Federal Reserve officials issued hawkish speeches, and gold prices fell to a new low in the past two weeks. Gold remains under pressure due to rising U.S. Treasury yields and mixed signals from Federal Reserve officials. Risk aversion triggered by tensions in the Middle East has gradually lost momentum but the impact remains, and market focus turns to...

Traders-Marvin Updated 

Although gold fell slightly throughout the day yesterday, it generally showed a volatile downward pattern. It fell below multiple key positions in a row and finally closed out a big negative line. Under such circumstances, it is obviously unrealistic to expect to return to 2000. The price of gold has completed the construction of a double top pattern, which...

Traders-Marvin

The basic point of this week's market rhythm is the continuation and supplement of last Friday's strong market. In the process, the first half of the week is to correct and gain momentum, and the second half of the week is to start and accelerate. Then on Friday, it will be observed whether it bottoms out and rebounds or rises and falls. The market rhythm of the...

Traders-Marvin

Yesterday Wednesday was another day for gold to rebound. The price of gold failed to fall effectively under the influence of the negative PPI data last night, with the highest point reaching the 1878 line. We have mentioned this position many times before. It is the high point of the previous rebound, and it is also the 50% callback level of the 1947 decline,...

Traders-Marvin Updated 

Gold prices hit their highest level in more than a week on Tuesday. Gold prices surged a day earlier as conflicts in the Middle East heightened market uncertainty, while dovish comments from top Federal Reserve officials weighed on the dollar and bond yields. Spot gold is currently consolidating at a high level, climbing to 1865 earlier, the highest since...

Traders-Marvin Updated 

Escalating geopolitical tensions in the Middle East have spooked markets, with investors seeking safety in traditional safe-haven assets such as gold prices, the U.S. dollar and U.S. Treasury bonds. Gold prices also rose amid worries that geopolitical conflicts could lead to another spike in oil prices, threatening global inflation and the economic outlook. Oil...

Traders-Marvin Updated 

Judging from the daily chart of gold, the price of gold shows an upward trend in both highs and lows, which is consistent with the view that gold prices continue to have a bullish trend. Our first target point of 1870 has been reached. The next step is to observe whether it will achieve a short-term rebound in the 1870 area. If it rebounds to a low, this will be...

Traders-Marvin Updated 

The daily line continues to rise. Yesterday's cross star closed. A cross star appeared in the continuous rising pattern. This is an upward correction pattern, so today's idea is to continue to go long. Then yesterday's low of 1853.5 is the key watershed in the day. The strong force must not break the low, and at the same time it must rise to yesterday's early...

Traders-Marvin Updated 

As the international conflict between Israel and Palestine intensified, gold, as a strategic hedging material, instantly rebounded from 1830 to around 1855 after the opening of Monday, now trading at 1850.35 per ounce, while U.S. stock index futures suffered heavy losses. The 1860 boundary enters a wide sweep, and the long and short competition for gold at the...

Traders-Marvin Updated 

The occurrence of the Palestinian-Israeli conflict well illustrates the hedging role of gold. Yesterday's opening price jumped directly higher. After the tension increased after Hamas attacked Israel, the demand for hedging increased. At the same time, Federal Reserve officials issued dovish statements. After the speech, the U.S. dollar index fell to its lowest...

Traders-Marvin Updated 

In the short term, XAUUSD's slight rise in early trading was blocked by 1855. If it falls in the short term, it will be considered around 1850. For bulls, unless the war news further ferments and the trend is further strengthened, stop loss can be considered above 1840, but this long also needs to retain the possibility of stages! If you are conservative, you can...

Traders-Marvin

If the United States tightens sanctions on Iran, analysts at Commonwealth Bank of Australia (CBA) estimate that about 0.5-1.0% of global oil supply may be affected, which would push Brent crude oil prices above $100 per barrel. A further risk is whether Iran will try to disrupt oil shipments through the Strait of Hormuz, through which 15-20% of the world's oil...

Traders-Marvin Updated 

Today's non-agricultural sector will be planned in advance, identify the market's lifeline, and profits will come uninvited. From a data point of view, the ADP released on Wednesday showed that the actual data was smaller than the previous value, which should have been significantly bullish for gold. However, the market only rose symbolically to 1830 before...

Traders-Marvin Updated 

Gold retested at 1820. A few hours ago, it was set to go long at 1815 and set a profit stop in the area near 1822. If the price breaks through 1822, it is recommended not to consider continuing to trade gold today, as the short-term trend will be maintained at this level.