TradingGuide_Dean

TradingGuide_Dean Updated 

On the 2h chart, a bullish formation has developed. Although there is some selling pressure around 2609, the indicators suggest that this level is not a strong resistance. The key resistance is between 2623-2632, so today presents a bullish opportunity.

TradingGuide_Dean

Yesterday's interest rate decision caused gold to break below 2600, reaching around 2580. Currently, the price has rebounded to 2610, but 2600 remains a key support/resistance level, and it’s expected that gold may test this level again. Today's trading strategy will focus on the 2693-2623 range. Look for shorting opportunities within the 2618-2628 range If the...

TradingGuide_Dean

Gold is currently facing some selling pressure near 2648, but the overall trend remains bullish with a high probability of breaking through. In the coming days, prices are likely to rise above 2660, making buying the primary trading direction for now. In a weak market, gold may fluctuate multiple times within the 2643-2628 range to build up momentum. In a strong...

TradingGuide_Dean

Gold is at a critical point of contention between bulls and bears. From the technical chart, the bulls are in a stronger position, with signs of a double bottom. If this stabilizes, gold is expected to rise again towards the 2666-2672 area. Therefore, today's trading should focus on long positions.

TradingGuide_Dean Updated 

Last Friday, gold encountered strong selling pressure at 2692, continuing its downward movement to the green zone, which I’ve marked as a potential buying area. Traders who held long positions on Friday may see profits on Monday. There could be a second downward move, but if this happens, the 2644-2636 area is expected to act as strong support. For long...

TradingGuide_Dean

Focus on trading around the red area. If it falls to the green area, there is a high probability of a rebound, which can be used as a key buying opportunity.

TradingGuide_Dean Updated 

Gold has dropped to the support level of the current upward trend, and the selling pressure has largely been released. Today's trading strategy should focus on buying at lower levels, with resistance at 2692-2704. The target can be set within the 2688-2702 range. Additionally, pay attention to the support in the 2666-2652 zone. While the possibility of a break...

TradingGuide_Dean

In the future gold trend, focus on the points marked on the chart. 2704-2688-2675-2667-2652 are important supports, and the rising resistance is 2725-2750-2769-2788-2803 2666-2652 is an important support for the rising trend. In the next fluctuation, as long as this area is held and not broken, the rising trend will continue until around 2800. After that,...

TradingGuide_Dean Updated 

The ideal target of 2687 has been achieved, and the price has now moved above 2690. Currently, the 2693-2704 region faces significant selling pressure, which is expected to cause a short-term pullback. However, from the 1D chart perspective, the overall trend remains bullish, indicating that this pullback is a release of pressure rather than a change in...

TradingGuide_Dean

Today, after buying near 2658, we reached our target of 2666-2673 and made a good profit. The market then pulled back, releasing some selling pressure before returning to around 2670. We still need to watch the resistance at 2673. Based on the current trend, it looks likely to break. Therefore, the next target could be higher, ideally 2687. If the selling pressure...

TradingGuide_Dean Updated 

During the U.S. trading session today, gold surged again but faced strong selling pressure in the 2673-2678 range, causing the price to drop. It is now at the first support level, and we expect a short-term bottom to form in the 2658-2648 range. This support zone presents a buying opportunity, with a rebound target near 2666-2673.

TradingGuide_Dean

Explosive Weekend News: The Syrian President Assad has abandoned the country, and the anti-government forces have won in this wave of unrest. The biggest beneficiary of this is not Israel, but the United States! Their control over the Middle East has reached its peak, and many domestic issues will now open breakthrough opportunities, significantly boosting the...

TradingGuide_Dean

Gold began to rebound after falling to around 2623. Since the 2635 support has been broken, it has now turned into resistance. Therefore, during the rebound, the first resistance to watch is 2635, followed by 2643. This was the highest point reached during the rebound after the price fell to 2635 today, making it an important resistance level. The next key...

TradingGuide_Dean Updated 

Yesterday, gold faced resistance near 2657 and pulled back. Now, 2652 is acting as resistance again. If it doesn’t break through, gold may test the support around 2635 again. If that level breaks, the next support zone is between 2628-2623. However, if it breaks above 2657 and holds, gold could rise towards the 2666 resistance level. I recommend trading around...

TradingGuide_Dean

Yesterday, gold tested the 2635 support multiple times without breaking below it. At one point, prices rose above 2650, which aligns with our expectations. During this consolidation, long positions were quite profitable. Current Market Outlook: The consolidation range is gradually narrowing, and today we are likely to see a breakout in one direction. If prices...

TradingGuide_Dean

Over the weekend, the fighting between Israel and Lebanon paused, and Israel turned its attention to Syria, hoping to use this move to weaken the Russia-Ukraine war situation. However, as of now, the situation remains deadlocked, and Ukraine has not gained any significant advantage. Many of you may not understand the connection between these events, but here’s a...

TradingGuide_Dean

Today, we made two successful long trades on gold. The first target was 2635-2643, and the second target was around 2650. Both targets were hit, and we enjoyed substantial profits. Now, gold has retreated below 2640, with weak support around 2635. If the price can stabilize around this support level, an upward move is expected. However, if the price breaks below...

TradingGuide_Dean Updated 

At the start of the Asian session today, gold continued its downward movement, reaching back to the previous low near 2620. Typically, previous lows often provide some support. Today, we have seen multiple candlesticks with lower wicks at this level, indicating that the support is holding well at the moment. Key Levels to Watch: Support: 2615 remains a key level...