Reliable_Trading

Reliable_Trading

After analysis in yesterday's article, it was concluded that this week is likely to be a downward cycle. At the same time, I also said that the main trading direction this week is short selling. Yesterday, I entered the market to go short at 2620 and closed the position with a profit at the 2600 integer mark. The profit margin was very good. If you follow the...

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The price of gold fell below the upward trend line last Friday. This trend line has now changed from support to suppression. This has been verified when the price of gold rebounded to near the trend line today. This is an obvious long-short conversion signal. . From the 1H chart, we can see that 2610 is a short-term support. If this line is broken, the gold price...

Reliable_Trading

Last week, the overall US dollar index rose sharply because the Fed's "hawkish turn" exceeded expectations, which means that the expectation of interest rate cuts next year will be halved. The data released last Friday showed that all US PCE data were lower than expected, the US dollar index began to fall, and gold ushered in a sustained rebound. From the...

Reliable_Trading Updated 

I'm sorry, I didn't have time to share my trading strategy with you yesterday because of some personal matters, and I didn't execute any transactions. As expected yesterday, the Fed cut interest rates by 25 basis points, which is fully in line with market expectations and also in line with my previous personal predictions. We all know that interest rate cuts are...

Reliable_Trading

Yesterday, the gold market had almost no big fluctuations, with an amplitude of only about $10. There were few trading opportunities, and I did not make any transactions. Today, the gold price fell, but the decline was still limited. My view is to look at the support of the trend line below first. If it is not broken here, I will consider making a short-term...

Reliable_Trading

The most critical thing this week is the Federal Reserve's interest rate decision to be announced on Wednesday. This rate cut is likely to be 25 basis points, and it is also likely to be the last rate cut, because Powell has previously stated that a strong economy means that the Federal Reserve does not need to "rush" to cut interest rates. This statement makes...

Reliable_Trading Updated 

After the CPI data was released yesterday, the gold price stabilized at 2700 points. We bought decisively and successfully touched the TP of 2720. From the 1H chart, we can clearly see that the gold price has been running around the upward trend channel recently. Whenever the lower trend line is touched, the gold price will rise and hit a short-term high. When...

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2024.12.11 Trading Strategy Yesterday we bought near 2660, and gold went out of a unilateral upward trend, reaching the highest point of 2704. The two target positions we set, 2680 and 2690, were successfully reached. Judging from the current trend of gold prices, although the highest price reached 2704, the 2700-point integer mark has not been effectively...

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The recent continuous rise in gold prices is because the People's Bank of China resumed gold purchases after a lapse of 6 months, and the expectation of the Federal Reserve's interest rate cut next week is increasing. In addition, the collapse of the Assad dynasty in Syria has further shaken the stability of the Middle East, thereby increasing risk aversion. From...

Reliable_Trading

In the intraday, we can see that the 2655 line has been verified many times last week. Every time the price comes here, it has fallen. If gold cannot break through here directly today, it will most likely fall again. Now we can see that although the gold price has come here, it has encountered resistance again. In addition, the previous high point of 2665 will...

Reliable_Trading Updated 

From last night to today's opening, gold first fell sharply, and then rose sharply. The gold market entered a roller coaster-like back-and-forth washout mode. In this washout market, if we did not close our positions in time yesterday, our work would be in vain in the end. Judging from the current gold 1H chart, we believe that the short-selling force has not...

Reliable_Trading Updated 

I was out yesterday for some personal matters, so I didn't update you today's trading strategy. Sorry. Today, the overall volatility of the gold market is not large, so we can just buy high and sell low based on the lower support and upper resistance. From the hourly chart, the upper resistance is at 2655, and the lower support is at 2635. Therefore, we can...

Reliable_Trading Updated 

Friends who have read my trading strategy yesterday know that we shorted gold near the resistance of 2650 yesterday and finally took profits at 2636. From the figure, we can see that 2650 is the 0.618 position of the Fibonacci retracement in the previous downward trend. The resistance here is indeed very strong. Now the gold price has rebounded here again. Can we...

Reliable_Trading Updated 

Last Friday, we chose to short at a high level after encountering resistance at 2663. The decline on Friday was not obvious, only falling to 2650. Today, gold fell rapidly from 2650 to around 2622 at the opening. This profit margin can be said to be very considerable, but on Friday, we took profits in advance for the sake of safety. From the 1H chart, the trend...

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Yesterday we sold near 2650, and the gold price fell again, reaching a minimum of 2635, with a profit margin of 15$. Recently, we have made good profits for three consecutive short sales. If you follow, you should have made a lot of money. Congratulations. Today, the gold price rebounded again in the Asian session, and the current price is around 2663. From the...

Reliable_Trading Updated 

From the 1H chart, we can see that since the gold price fell from 2721 to 2605, although the trend has gradually stabilized above 2600 points, the rebound trend has not been smooth, but the decline is more violent, which shows that the bulls are obviously weaker than the bears. According to the Fibonacci retracement of the 2721-2605 decline, 0.618 is exactly at...

Reliable_Trading Updated 

Yesterday, due to reports that Israel and Hezbollah were close to a ceasefire, and a large number of long positions were closed after seeing the news, gold plummeted by nearly $100 during the day, with the lowest price reaching 2605. The short position we entered at 2686 yesterday also successfully reached TP: 2650 From the 1H chart, we can see that gold has...

Reliable_Trading Updated 

Last Friday, our strategy was to sell near the resistance of 2700-2710, and the result was good. The gold price fell to 2658 at its lowest. Although gold has rebounded now, there are still signs of a head and shoulders bottom, so I think the gold price will test the support of 2650 before it can really rise. From the figure, we can clearly see that in this wave...