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Gold had a perfect V-shaped reversal today. It opened at 3177 and fell unilaterally in the Asian session. It hit 3120 at noon and then rose slowly. As of the time of writing, it has completely recovered the decline and is currently trading around 3220. The key point today is to pay attention to the gains and losses of 3200. The 4-hour mid-term Bollinger opening,...

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The support below is maintained at the integer level of 3200. Once this position continues to break, it will be possible to confirm the falling mode and it is very likely to set a new low. The pressure above is maintained near the previous high of 3212 in the European session. The previous high is very likely to suppress the European session again. If the European...

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The 4-hour level bottom has shown a three-yang Kaitai pattern, which is a strong bullish signal. Yesterday's blog post reminded everyone that the MACD indicator in the attached figure showed signs of bottom divergence, so it is not easy to be overly bearish. It suggests that the price will try to go long near 3120 US dollars and 30. At present, the K-line has...

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Gold prices must be repaired after a sharp drop. One is to adjust and repair by shocks, and the other is to rebound and repair. Under this extreme downward trend, gold does not have the conditions to rebound, so the rebound here at 3120 is just caused by some short orders choosing to sell for profit, so the market will continue to fall. Now the main focus is on...

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The daily cycle is constructed based on the M-head pattern. 3202 is the bullish defense position. If it cannot go up at the closing, there will be declines later. A major technical breakdown has occurred. Pay attention to the change in thinking. It rises quickly and falls just as quickly, but the long-term rising logic of gold remains unchanged. It is also an...

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The latest situation of gold at the 4-hour level. The 4-hour chart is currently in a downward trend. In the chart, yesterday’s high of 3265 is resistance. The moving average MA5-MA10 is in a dead cross, and the short-term is bearish. Yesterday, it was under pressure above 3260, but the market fell back afterwards. Recently, it has maintained a trend of...