alongwineer

alongwineer Updated 

After reaching a high on Friday, it fell sharply, giving up all the gains this week. The daily candlestick chart closed with a big negative line, and the weekly line turned down. On Friday, I made the following tips in my private channel: Today is Friday, and it is not ruled out that the main market players took the opportunity to sell, under which circumstances,...

alongwineer Updated 

Today, gold continued to rise in the short term, reaching a high of around 2335. In the short term, it touched the key suppression area I pointed out. With the bottoming out and rebounding yesterday, the intraday trend was relatively intact, and the short term seemed to have been supported. However, although gold continued to rise in the short term, it has not...

alongwineer Updated 

Today, as the U.S. May sales monthly rate was bullish for gold, gold rose rapidly in the short term. Our long positions near 2317, 2310 and 2306 respectively hit TP2319 and took profits. Very beautiful trading results. In today's gold long trade, my profit totaled more than $25K. Very good trading results. According to the current short-term structure, gold...

alongwineer Updated 

Gold continued to fall today, but it is still in the range of shock market. According to the current strength of the decline, the room for gold to fall should be limited. After gold fell to the low point of 2310-2305 area, it is obvious that the willingness to buy is gradually increasing! And gold gradually began to show signs of counterattack in the short term....

alongwineer Updated 

The current market is still volatile, without any breaking behavior. In fact, since the start of London trading hours, there has not been a good opportunity to participate in market transactions, and it has been fluctuating around the 2315-2323 area. However, judging from the strength of today's rebound, the upward momentum of gold is obviously insufficient,...

alongwineer Updated 

Although gold rose beyond expectations and broke through 2335 today under the stimulus of CPI data, we still won a big victory in the short position! We added short positions near 2332 and 2338 respectively. Gold fell back quickly after touching 2341, and we closed the position manually near 2325; then when gold rebounded to 2330, we shorted gold again and closed...

alongwineer Updated 

Today, gold still maintains the overall shock structure. In the short term, gold is in a weak rebound stage, but the rebound strength is relatively poor. Gold touched 2314 overnight and then fell again, and once fell below 2300 during the decline. From this point of view, the strength and space of gold's rise in the short term are limited, so in the past two days...

alongwineer Updated 

Today, gold maintained a volatile correction. Although the fluctuation was not large, we still made relatively good profits in both long and short transactions. First, we bought gold near 2292 and set TP: 2300; obviously, gold successfully hit our target during the rebound; then we sold gold in batches near 2301 and 2308. When gold fell back to around 2302, we...

alongwineer Updated 

Today is the first trading day after gold fell $100 in a single day. After the sharp drop on Friday, the bearish atmosphere of gold is quite strong. Today, gold rebounded after reaching the position of 2287, and encountered resistance near the position of 2298 several times. Relatively speaking, the rebound strength is weak. In general, gold is consolidating...

alongwineer Updated 

Because the ADP data was lower than expected, suggesting that the US labor market is cooling, the possibility of the Federal Reserve cutting interest rates has increased, which has put downward pressure on US Treasury yields. Combined with the geopolitical tensions caused by the ongoing conflict in the Middle East, it continues to be a driving force for gold...

alongwineer Updated 

Today's gold prices are more and more obvious, but yesterday's retracement trend and today's repeated failure to pull up, the trend is still obviously weak, and the short trend of gold is relatively obvious. Although today's ADP data is bullish for gold, gold did not rise immediately after the data was released, but swept back and forth, so the power of gold bulls...

alongwineer Updated 

Just now, I reminded in the last article that you should add double position to long gold at 2315. Currently, gold has reached the highest position of 2330 in the short-term rebound. From the perspective of form, gold has not yet escaped from the range of shocks. In the evening, gold once again dropped to 2315 to test the effectiveness of the support level....

alongwineer Updated 

Stimulated by the risk aversion news, gold rose again to around 2355. I have already reminded you in my article yesterday. Gold is still not in a bearish trend overall. If gold rebounds to the 2345-2350 area and then falls, gold is still expected to test a new low, but the time period will be extended. Gold fell back to around 2326 in the short term. Judging...

alongwineer Updated 

At present, gold has rebounded after touching the 2315 position, and has taken a bottoming-out and rebounding trend. However, from a technical perspective, gold has shown a clear willingness to go down. After gold fell below the 2330-2320 area, strong resistance was formed at 2335 and 2345 respectively. Combined with other periodic indicators to maintain a short...

alongwineer Updated 

At present, gold still maintains a weak downward trend and successfully breaks through the previous key support area of ​​2335-2330. It has already fallen below the previous low of 2325. Although it is just a puncture, the upward trend of shocks has been destroyed. The market trend has obviously changed. In addition, gold is running below the moving average today,...

alongwineer Updated 

Gold has tended to be volatile in the past two days. As I predicted a few days ago, after the sharp decline, gold may digest the sharp decline in a volatile manner. Although the current market fluctuations are not large, it is still profitable. Judging from the current trend, the short-term decline has been alleviated, and the bulls have the motivation to continue...

alongwineer Updated 

After overnight short orders hit TP: 2343 this morning, gold has been fluctuating within the 2340-2345 area. Judging from the current gold trend, the downward trend of gold has slowed down, and it has rebounded again in the short term and exceeded the 2340-2345 area. But the weak situation has not changed.There are two voices in the current market. One is that...

alongwineer Updated 

Today, gold once again tested Friday's US market high near 2347 and continued to fall. It did not continue to sprint to the 2350-2355 area. Gold is still in the low-level shock repair stage. Moreover, there is some lack of strength during the rebound. Based on the current situation, gold may have to trade time for space. Gold's rebound failed to break through the...