GoldenViewJake

GoldenViewJake Jun 12

Although the daily line did not rise on Wednesday, there is a very obvious feature of the daily line cycle, that is, the middle rail of Bollinger has not broken, and multiple attempts have not changed this technical point. This is the support point for the short-term retracement and the defensive point for the long-term rise. As long as this point is not broken,...

GoldenViewJake Jun 11

Yesterday, the market hit 3349 and formed a false break. It did not stay above 3340 for too long. If the market price fails to stand at 3340, it will not be able to effectively reverse the decline last week. This week, the support performance at the 3300 mark is also outstanding. The test of this area in the previous two trading days has been supported and formed...

GoldenViewJake Jun 10

From the weekly level, gold has fallen back from the peak of 3500. It is still in a wide range of 3500-3120. The overall bullish trend has not changed. In the short term, the adjustment is not over. This week, we need to pay attention to the break of the moving average ma5 and ma10. At present, ma5 and ma10 are glued together and intersected near 3293. If the...

GoldenViewJake Jun 9

Gold opened at 3310 today, and reached 3321 before falling back. This is consistent with our weekend analysis of rebounding at 3320-25 and shorting. Today, we continue to focus on the short-term suppression of 3320-25, and focus on the important suppression position of 3338-45. Gold closed upside down last week. From a technical point of view, it is still mainly...

GoldenViewJake Jun 6

This year, it has been emphasized that 2025 is a strong year for gold. Gold may enter an accelerated period of bullish structure this year. Tariff trade policies, geopolitical tensions, the Federal Reserve's interest rate decision, the decline in U.S. debt confidence, and the increase in global central bank purchases have affected gold as a strong safe-haven tool....

GoldenViewJake Jun 5

The daily gold line includes a small positive line. The high price did not break the previous high, and the low price did not break the previous low. It belongs to the inner line pattern. After yesterday's sharp rise in gold, the midnight minor adjustment touched 3369 and stabilized. This level will be regarded as the first support level today, and then 3363 US...

GoldenViewJake Jun 4

At the daily level, the gold price is currently running above the middle track of the Bollinger Band, showing certain strong characteristics. The opening of the Bollinger Band has narrowed slightly, suggesting that price fluctuations may tend to stabilize. The MACD indicator is above the zero axis, the fast and slow lines show signs of adhesion, and the red column...

GoldenViewJake Jun 3

After the opening of today's market, the price broke through the previous high again, reaching a high of 3392. According to the current 4-hour K-line pattern, the market outlook still maintains a bullish tone, and the upper target can be gradually moved up to the 3400-3420 range. It is recommended to follow the trend in operation. From the daily level, there is an...

GoldenViewJake Jun 2

Gold prices fell and the dollar rose last Friday as the market digested the latest tariff developments, while a weaker inflation report kept hopes of a U.S. rate cut alive. Spot gold was at $3,290.40 an ounce, down 0.82%, and down more than 2% last week. Tariffs may re-sway the market this week after a federal appeals court temporarily reinstated Trump's tariffs...

GoldenViewJake May 30

Gold rose again yesterday as a hedge. After hitting the bottom, gold quickly formed a deep V. Gold should follow the trend and go long in the Asian session today. We never do dead longs or dead shorts. Since the gold bulls have begun to fight back and formed a strong deep V, the gold bulls are even better. Gold 1-hour deep V reversal, gold 1-hour moving average...

GoldenViewJake May 29

The minutes of the May FOMC meeting released yesterday suggested that the path of interest rate cuts this year may be more cautious, which suppressed the market's expectations for the Fed's interest rate cuts. As an interest-free asset, gold has become less attractive as the expectation of interest rate cuts has cooled. Investors prefer assets with interest...

GoldenViewJake May 28

Gold daily level includes a big negative line, the high price did not break the previous high, the low price broke the previous low, and there was a tail trend, indicating that the gold short position is relatively strong. In the short term, gold stabilized and fluctuated around $3285, and tested upward many times. At the same time, it opened low at $3292 today...

GoldenViewJake May 27

From the daily chart, the golden cross has been established. The three tracks of the Bollinger Bands are still flat and suppressed by the trend line pulled down by the daily line. The resistance at the beginning of the week is around 3360-3365. Once the previous high is broken, the possibility of gold hitting the upper Bollinger Band of 3400 cannot be ruled out....

GoldenViewJake Updated  May 26

It goes without saying that the bulls have the upper hand in the weekly chart. The daily chart has risen sharply, with an increase of about US$78, which is enough to reflect the strength of the bulls. In addition, the price bottomed out and rebounded yesterday. The current price is running between the upper track of the Bollinger Band and the 5-day moving average....

GoldenViewJake May 23

Gold opened slightly higher yesterday at 3319, and then pulled up strongly at 3314 to fill the gap. It reached a high of 3345 and then fell back strongly. The daily line reached a low of 3279 and finally closed at 3294 with a long upper shadow. The long-short watershed is 3280 today, which means that only by breaking 3280 can the decline be opened. At the same...

GoldenViewJake May 22

On Wednesday (May 21), due to the weakening of the US dollar and the rise in safe-haven demand, the international gold price rose to its highest point in more than a week. US President Donald Trump's failure to convince opponents within the Republican Party to support his massive tax cut bill also became one of the supporting factors. As of press time, spot gold...

GoldenViewJake May 21

Gold closed sharply higher at the daily level. The low price did not break the previous low, and the high price broke the previous high, showing a rising trend. Gold broke upward after fluctuating in the 3250 area. Gold bulls pulled up again and broke through the double expansion line. Then it needs to test the 1.68 level ahead. Pay attention to the 3259 level for...

GoldenViewJake May 20

Yesterday, gold continued to fluctuate, and the price continued to be under pressure at the key level of 3250. On the weekly level, gold prices tried to rebound after bottoming out on Friday, but encountered suppression from the short-term moving average. On the weekly level, gold prices attempted to rebound after hitting bottom on Friday, but were suppressed by...