Amid the unstable geopolitical situation, gold has been an emergency haven. On Monday and Tuesday, it maintained its rising pace last week and continued to reach new highs. Moreover, under the encouragement of central bank buying, it is difficult to change the temporary strength. Therefore, the trend of gold is relatively obvious, which is bullish. On Wednesday...
Amid the unstable geopolitical situation, gold has been an emergency haven. On Monday and Tuesday, it maintained its rising pace last week and continued to reach new highs. Moreover, under the encouragement of central bank buying, it is difficult to change the temporary strength. Therefore, the trend of gold is relatively obvious, which is bullish. On Wednesday...
Short orders on the eve of the non-agricultural market may usher in a turn for the better! At present, shorts are not recommended to enter the market, and the momentum of bulls is still strong, and it will rise after the start of the Asian session every day. It is recommended to wait for sale near 2310
The top has repeatedly broken new highs, so be cautious when approaching long non-agricultural orders. Intraday gold strategy analysis Forecast US news to be bearish for gold The upper resistance is 2280 and the lower support is 2260. It has already declined, and the short target continues to be 2260. ★★★★This week’s market is at the same stage as last week’s...
The recent market price of gold is mainly dominated by news. There are several interpretations about the news: The current decline in U.S. bond yields may only be the trigger for this sharp rise in gold, and the bull crowding caused by gold's recent surge may be the culprit. In fact, in the final analysis, it is also due to the malicious behavior of market...
Gold tested near 2181 several times yesterday but failed to effectively break the level. It fell into a long-short dilemma in the short term and returned to the 2160-2180 area again. If it cannot effectively stand above 2200 in the short term, bulls will not be able to continue to strengthen, and others will still tend to pull back or fluctuate. Gold itself has...
Central banks around the world are reducing their holdings of U.S. bonds and increasing their holdings of gold, and even the U.S.'s internal attitude toward gold has changed significantly. As of January, the U.S. dollar’s share of global reserves has dropped from as high as 73% in 2000 to 59%. Although the U.S. dollar is very strong relative to the exchange rate...
Gold market analysis The current short pattern of gold is obvious. It is a daily level technical retracement after a sharp rise. The room for this retracement will definitely be very large. On Friday, we arranged a bumper harvest of short orders at 2170 and 2164. The major support of 2150 has been broken in early trading. If this position is broken, the short...
Gold technical analysis: Gold showed a volatile trend on Friday, once climbing to the highest level and touching the 2172 line during the European trading session. However, the pressure on the upper short-term trend line failed to be effectively broken, causing the market to fall back and adjust again. At present, the gold price has entered a relatively...
Looking at the current market situation of gold, the Bollinger Bands on the daily chart are opening, the KDJ indicator is dead cross and the volume is increasing, and the stochastic indicator is dead cross downward. As the daily line continued to close negative last Friday, gold continues to move downward and adjust its structure. Looking at the 4-hour chart, the...
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