According to the current technical analysis of gold, combined with external environmental factors, the operation strategy of the gold market next week will mainly focus on the technical aspect. The gold price fell below the 5-10 week moving average for the first time this week and closed below it. After the price built a continuous peak above, it closed below...
Spot gold was sold off in large quantities due to the negative impact of non-agricultural data, reaching a low of $2,303. The rising structure of gold has been destroyed, showing a clear weak pattern, and it is expected to continue to be under pressure and fall. Therefore, it is recommended to pay attention to the support level of the $2,303-2,300 area. If the...
The current gold market is still fluctuating and consolidating below the middle track. It is expected that it will further drop to the 2300-2280 area after the correction is completed. The key pressure level above is at 2354. If the rebound breaks through 2354, the downward trend will end. Under this position, the idea of โโshorting at high levels remains...
Gold is still temporarily maintaining a high level of fluctuation in the weekly trend. It is still in a state of divergence in the daily trend. The K-line began to bear pressure on the short-term moving average to maintain a weaker trend. Although the current price is running near the previous support band, the strength and continuity of the intraday rebound are...
From the daily chart, after the US market experienced a wash-out trend on Friday, the direction and space of gold have been opened, showing an obvious weak and volatile trend. A triple top was formed near 2360. Multiple pressures from above may suppress gold bulls again. At present, there is a great possibility of a sharp decline. The support below will first...
The gold daily line ended with a long negative line with a slightly longer lower shadow, which shows that the downward trend of gold is clear. Today is undoubtedly bearish, Therefore, we gave a short strategy of 2337 to our internal members in the morning session and entered the market to short sell in batches. The market is also as expected, rebounding to around...
Gold has been volatile in the past two days, but everyone should be familiar with this rhythm. It is always quiet before the storm. Under the calm surface of gold, the big market is about to start. Since the pressure of 2450, the daily line has fallen sharply for three consecutive days, and then rebounded for three consecutive small positive lines. The short-term...
Yesterday, spot gold showed a trend of low-probing and rebounding. The daily structure closed with a small positive line, which temporarily failed to change the short-term bearish trend. At present, the 5-day moving average has moved down to around 2349. Although the Bollinger Bands are intended to shrink as a whole, the middle track extends upward to around...
The spot gold market had a wild ride over the past week, with fluctuations reaching nearly $125, and ended the week with a huge drop. Although central bank buying and strong Asian demand created a long-term upward trend for spot gold, the uncertainty surrounding the Federal Reserve's monetary policy Uncertainty continues to generate huge short-term swings. The...
This week, gold surged and fell after opening on Monday, and then fell all the way, which was in line with our expectations. After rebounding to the 2383 line yesterday, it fell under pressure and continued to fall after breaking 2350, eliminating the previous signs of rebound, and the lowest reached 2327. In the weak market, the daily line finally closed with a...
In the past two days, gold has failed to continue the bullish trend and is in a state of range oscillation adjustment. From the daily chart, the stochastic indicator of the daily K fluctuates and rises, and the MA5-MA10 golden cross runs upward, indicating that the golden cross is bullish. At present, KDJ is in a sticky state. From the 4-hour chart, gold is...
From a technical perspective, the daily line rose on the upper track of the Bollinger Band, and the price broke through the historical high of 2449. The Bollinger Band moved upward as a whole, and the short-term moving average showed a golden cross upward pattern. Other periodic indicators also maintained a long position. Combined with the risk aversion caused by...
Gold prices continued to rise strongly today, hitting a new record high and approaching the $2,450 mark. With the end of last week's double-negative adjustment, gold prices closed positive on the weekly chart, indicating that the upward trend is still strong. On the 1-hour chart, gold prices are currently in an upward trend and have shown strong upward momentum...
Based on the current market situation and technical analysis, the strategy for gold trend next week can be as follows: 1. Short strategy Since gold has been strong recently and closed above $2414 on Friday, it may rebound to the $2420-2430 range after the opening next week. You can try to short in this range: Opening range: $2420-2430 Stop loss position: set near...
Gold retreated with a small negative line on the daily line, failing to continue the previous day's strong closing. After the Asian session inertia high, it fell under pressure and reached the highest level of $2,397. The rebound of the US dollar from a low level limited the upward momentum of gold in the short term. The daily line formed a small cross negative...
On the daily line, gold recorded a positive column, and the real column successfully crossed the short-period moving average and maintained above the moving average of each period. The overall Bollinger trend remains upward, although it has not yet fully opened its mouth. Observing from short-term indicators, the downward potential energy has shown signs of...