Aurum_Capital

Aurum_Capital

✅Gold was affected by the Christmas holiday last week, and the market trading was light, with the overall trend of consolidation within a narrow range. The weekly structure shows that gold is still in the process of horizontal consolidation and adjustment demand. ✅On the daily chart, the price of gold showed an alternating trend of ups and downs, and fell into a...

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✅Last Friday, the overall trend of gold was weak, and the highs fell under pressure. We also successfully harvested two consecutive wins in the short position layout. However, the market fell sharply during the US trading session, and the short-term price fell below the moving average support. The one-hour chart showed a weak structure, which caused the market to...

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✅Today, gold broke through the key resistance level of 2633 as expected, reaching a maximum of 2639.175, but it did not stand firmly on the 2639 line, showing signs of insufficient bullish momentum, and the possibility of attracting bulls cannot be ruled out. Gold surged higher and fell back during the U.S. trading session, but bulls did not show obvious sustained...

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✅Gold has been oscillating in the current range for two days. The price of gold is currently in a triangle oscillation structure. The resistance in the upper range is 2633, and there is trend line support below. The price has been running around this range. As the oscillation continues, a breakthrough is inevitable. If the 2633 breakthrough is successful, gold...

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✅Today is the Christmas holiday, the gold market is closed all day, and 2024 is about to usher in the closing stage. Judging from the current market performance, the probability of gold remaining volatile is high. The monthly line level shows that the bullish trend is still intact, and the large and small cycle moving averages are in a bullish arrangement,...

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✅Yesterday, gold weakened and fell again after being under pressure at 2632, and the lowest overnight hit 2608, with a large drop, indicating a weak short-term trend. At the same time, the 2632 position formed an effective suppression, and the failure to break through indicated that the resistance at this position was strong. In the short term, there is a lack of...

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✅There was no direct rise in gold in the early trading, and the overall trend remained volatile. In the absence of major emergencies and key economic data stimulus, it is expected that the volatile trend of gold will continue for a long time. This market environment provides favorable conditions for our future trading strategies. ✅At present, the Christmas...

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🔥Gold rose strongly during the US trading session on Friday. The market is concerned about whether gold has reversed? And whether to go long next week? From the current technical trend, the following is a specific analysis: ✅Gold is currently in the third month of adjustment, with less than 7 trading days left this month, and accompanied by the Christmas holiday....

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✅The current gold trend shows obvious weakness at the 4-hour level. The price is temporarily under pressure below the short-term moving average, and the overall low-level fluctuations are maintained. From the market point of view, the rebound strength and continuity are weak, showing the characteristics of the market's lack of upward momentum. In the short term,...

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✅The current gold price is in a continuous decline, and the decline is gradual. After each rebound, a new round of decline will begin. The high point of the rebound has not broken through the starting point, indicating that the bearish force dominates the market. ✅The 10-day moving average is the key reference position for the current rebound and callback. If the...

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✅From the technical chart, gold is still below the main moving averages, and the short-term technical indicators are in the bearish area, indicating a clear downward trend. At present, the momentum of gold's rise is weak, and the risk of falling is relatively large. If the price of gold falls further, $2,580 is an important support level. Once it falls below this...

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✅Today, gold faces a pivotal moment as the final Federal Reserve interest rate decision of 2024 is set to be announced. The market overwhelmingly expects a 25-basis-point rate cut, which is essentially seen as a certainty. This decision is considered bullish for gold, further supported by ongoing geopolitical tensions, suggesting that gold's upward trend is likely...

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✅Yesterday, gold closed with a cross star candlestick. Although it once dropped to a low of 2633, it rebounded and closed above 2645 at the end of the trading day, close to the opening price. The overall trend continued to fluctuate slowly, and the key support level below was near 2605, which was the critical point for the short-term long and short competition....

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🔸The overall market sentiment is currently cautious, mainly because of the major event of the Federal Reserve's interest rate decision to be announced this week. The market generally chooses to wait and see, and the trading atmosphere is relatively light. Gold retreated slightly after opening at the beginning of the week, and then began to pull back and correct,...

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✅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...

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✅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....