Aurum_Capital

Aurum_Capital Updated 

✅Support area below: The strong short-term support level of gold is in the 2640-2635 area. This position is expected to become the key area for short-term bullish rebound, so it is not recommended to chase shorts below 2650. If the short-term drops to around 2640 again, it will be a good opportunity for longs to enter the market, rather than a time to chase...

Aurum_Capital Updated 

✅This week's golden weekly closed a positive line with a long upper shadow, showing that bulls still have some strength, but the short-term moving average has clearly turned downward and the MACD indicator has opened downward after heavy volume after a dead cross at a high level, indicating the overall weekly trend. Bearish. ✅The daily structure shows a typical...

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🔸Daily level: Gold prices continued to close the positive line at the beginning of the week, but fell back under pressure near 2726.50 yesterday. The daily line closed the negative line, giving up the previous gains, showing that the strong continuity is insufficient. At present, the daily K-line closed near the low point of the previous day, showing a typical...

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🔸Judging from the current technical trend, the possibility of gold directly breaking through 2730 and hitting a new high is low. If there is significant selling pressure in the 2720-2730 area above, it will trigger profit-taking by bulls, or trigger short-selling sentiment as risk aversion subsides, thus becoming a signal for a new round of daily decline in gold....

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🔸Yesterday, the price of gold rose strongly and closed with a big positive line. Although it failed to completely break through the suppression of the upper track of the Bollinger Band, the overall trend was still strong. The positive news and the promotion of the geopolitical situation allowed the rebound in the morning to continue. At present, the price of gold...

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🔸Today, gold continued to consolidate at a high level and did not continue its strong rise. There is a possibility of a correction at any time in the short term. Although gold broke upward, the strength was relatively limited. A "double top" pattern was formed in the short term, and the key support level below was near 2645. If the gold price fails to fall below...

Aurum_Capital Updated 

🔶Yesterday, the price of gold rose sharply, and the daily line closed with a big positive line. The price of gold rose strongly from $2564 to $2614, an increase of more than $50 in a single day. In the morning trading today, the price of gold further rose, reaching a high of $2626, and has now risen by $63. The short-term pattern and technical indicators have...

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🔶After the gold daily line experienced a 6-day adjustment and decline, the short-term downward trend has eased, and there are signs of stabilization and rise. The stochastic indicator (KDJ) is at a low level, although it is temporarily blunted, but the further downward space is limited. The MACD indicator double-line adhesion is downward, and the kinetic energy...

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🔥Dear investors, have a good weekend. 🔶Recently, everyone has been paying close attention to whether the gold bull market is over. Although the current correction is large and short-lived, from the overall increase this year, the gold price has risen by about $800, which is a record high in terms of both the increase ratio and the absolute price increase. After a...

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🔶Gold's daily line rebounded after a continuous decline. It ended with a long lower shadow hammer yesterday, indicating that the downward momentum has been suspended and the rebound correction is reasonable. It closed at a neutral position, and the overall trend was still bearish. The rebound was weak, indicating that the bears have not yet reversed, and it is...

Aurum_Capital

Gold's daily line rebounded after a continuous decline. It ended with a long lower shadow hammer yesterday, indicating that the downward momentum has been suspended and the rebound correction is reasonable. It closed at a neutral position, and the overall trend was still bearish. The rebound was weak, indicating that the bears have not yet reversed, and it is...

Aurum_Capital Updated 

🔶In the early European session on Thursday, gold prices continued to fall and have now fallen below the key support level of $2,550, hitting a two-month low. In the short term, the gold market is affected by the strength of the US dollar and expectations of US economic data, and the technical side gradually tends to be bearish. 🔶Gold prices have closed negative...

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The current trend of gold is in line with expectations. The price of gold has fallen back after rising and is currently below 2600. The daily line closed lower on four consecutive negative lines, and the decline continued and gradually deepened, showing a weak short-term pattern in the short term. Yesterday, gold rebounded to 2618 and then fell back under...

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🔶Judging from the current trend, since gold began to fall after the election, although there have been occasional rebounds, the overall trend is still an inserted downward trend. There is no clear reversal signal in the market, and the repeated fluctuations during the session seem to be tempting to buy more. Although the technical indicators below the 4-hour...

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🔶Gold bulls are currently lacking in momentum, and the price has fallen below a new low again, with an obvious bearish trend. The 4-hour chart shows that the moving average system maintains a dead cross and diverges downward, indicating that the bearish force continues to increase, suggesting that the downward trend of gold has not yet ended. 🔶From a technical...

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🔶Yesterday, gold continued to fall as expected, with a single-day drop of nearly $76. It rebounded in the late trading and finally closed at around $2,619, with a large real negative line on the daily line. This closing pattern indicates that gold may continue to fall after rebounding today, showing the space and demand for further decline. The daily level once...

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🔶In the trend on Friday, gold showed a pattern of falling back after reaching the top. The daily line closed with a real big negative line, and the closing price was below the 5-day moving average. This pattern suggests that gold may continue to fall next week. From the daily chart, the MACD indicator dead cross and large volume, indicating that the short-selling...

Aurum_Capital Updated 

🔶After a sharp drop yesterday, gold entered a rebound and repair phase. The price stopped falling at 2643 and pulled back. In the Asian session, it showed a step-by-step slow upward trend. Subsequently, driven by the data release and the speech of Fed Chairman Powell, the gold price continued to rise to 2710. 🔶Technical analysis: Daily chart: Gold is currently...