Support and pressure levels of gold in each cycle: Weekly support level of gold is 2715.00, daily support level of gold is 2772.00, 4-hour support level of gold is 2901.00 Today's recommendation: Buy gold in 2905.00, target 2920-2925. Share the most accurate market analysis every day, hope it helps you
Euro: Market Focus on Europe The euro remains under pressure against the dollar as the announcement of steel tariffs over the weekend dealt an initial blow to the European Union. Europe is bracing for possible new tariffs on industries such as autos. As the EU's tariff levels are relatively low, the overall impact of "reciprocal" tariffs may be limited. But more...
Judging from the current 4-hour gold trend, gold is currently fluctuating above the 2900 line, but the bulls have been in a strong position. Below we pay attention to the 2890 line support, and above we continue to look for new highs. After all, the bulls are still the dominant trend. In terms of operation, we continue to focus on looking for opportunities to go...
Gold hovered at 2908 in the Asian session, and then staged a thrilling market. The price rose rapidly, breaking the historical high of 2942 in one fell swoop, showing the market's rising potential. However, the good times did not last long. The market took a sharp turn for the worse in just 15 minutes, reaching a low of 2906. The volatility was shocking. In the...
Real-time analysis of crude oil market: Crude oil did not fall below the 70 mark for four consecutive trading days last week. This week, the price of crude oil will be determined by the integer mark of 70. Last week, we repeatedly suggested that we should buy at 70.5 and 70 in batches. Now it has reached the 71.5 line, which can only be regarded as the first stop...
Gold surged during the day. After the long orders were closed, the market showed signs of weakening from the current gold hourly chart. In addition, 2907 is also the 161.8% position of the extension of 2853-2886. Beware of the possibility of a sudden plunge!!! You can short in the 2907-2909 area in the evening, looking down to 2890, 2880.
From a technical perspective, the daily relative strength index (RSI) of spot gold is still in the overbought area, indicating that it may face certain consolidation pressure in the short term. If the gold price stabilizes above $2,900, it may further open up room for growth. In terms of the lower support level, the gold price has initial support in the...
In terms of the 4-hour trend of gold, the price has moved out of the previous high-level oscillation range. In the European and American sessions, pay attention to whether there is a secondary upward trend after a retracement confirmation. In the short-term trend, pay attention to the support around 2880 below. In terms of the hourly trend, the K-line basically...