The highlight of Wednesday is the evening CPI data. Data aside, gold's technical picture is a bullish trend. It retreated and corrected on Monday, stabilized and rebounded on Tuesday. The daily cycle still relies on the support of the short-term moving average to move upward. 2277 is already the low point of the retreat. It continues to rise slowly during...
This week, as signs of stabilizing U.S. inflation increased the possibility of the Federal Reserve cutting interest rates as early as September, spot gold was boosted and took the opportunity to rise. On Thursday, it once approached the $2,400 mark, and then began to fall back under pressure of $2,397. The European market continued to fall, and the US market...
The recent trend can be said to be a small unilateral rise. After this week's daily trend correction, it will quickly make up for it the next day. The energy of the bulls is very strong, and its trend is also very rhythmic! Also on Friday, the price of gold rose close to $50, which also proves the strength of the bulls from another perspective! The gold...
CPI and “horror data” spark optimism! Expectations for the Federal Reserve's first cut in September surged, and gold hit a new high in the past month! The U.S. non-seasonally adjusted CPI annual rate in April was 3.4%, down from 3.5% in the previous month. The core CPI monthly rate in April dropped to 0.3% as expected, the lowest since December last year....
On the last trading day, spot gold opened at $2,336. The European market began to fluctuate upward, touching around $2,348. After the opening of the U.S. market, PPI reported negative gold prices, and the market price returned to below $2,338 but did not stay longer as expected and continued to develop in a higher direction. It finally tested the $2,360 level...
There is no difference between me and others, no better or worse than others. The mistakes I make will be made by others, and it is difficult for me to avoid the mistakes made by others. We all live the same life, there is no need to feel inferior or proud. On Monday, as the one-year U.S. inflation forecast exceeded expectations, the U.S. dollar index...
The gold weekly level has formed a "big positive resistance line" pattern, and we are firmly bearish this week. Judging from the 30-minute chart, 2364 was blocked in early trading, and a downward trend has been formed here. In addition, if it is going to fall sharply, it will not give you an ideal short-selling opportunity. The decline may start in advance. If...
The main tone of the gold market this week is centered on the further development of the situation in the Middle East and the escalation of the conflict between Russia and Ukraine. At the beginning of the week, as Hamas and Israel were tense in the Gaza Strip after the peace talks broke down, Russia deployed non-strategic nuclear weapons, and the price of gold...
If the market breaks through 2350, we can take advantage of the trend and move it to the 2410 position, forming a high range of 2330-2410. Gold is currently following this pattern. If we continue to exert our strength, we can go long around the low. According to the current development intensity Gold in the US market has a high probability of impacting 2400...
Gold broke through the unilateral rise after a long period of consolidation, and continued to rise. The technical trend continued to be bullish in the short, medium and long periods. After a long period of consolidation, the daily MACD turned above the 0-axis and once again increased the volume, supporting a unilateral rise. The 4-hour level has since 2275...
Gold has surged higher as a risk aversion in the U.S. market. However, gold has surged higher and fallen twice in the short term. Another inverted V trend is not impossible. After all, the rise is stimulated by risk aversion news and may not continue to rise. The current price of gold is directly short! After gold rose for an hour, it surged higher and fell...
Gold is still down, but it is not over. There is still another plunge in gold. This wave will inevitably reach around 2292. There is still room for a downside of 16 US dollars. Be prepared. The four-hour line continues to have a large negative line surrounding the positive line, which is an obvious bearish downward trend. One negative line breaks through...
Stabilizing emotions means reducing desires and satisfying needs. The demand is that I only make 5 profit points, and I will be happy when I make it. I don’t care no matter how big the subsequent profits are. This is demand, and demand can be met. When you are satisfied, you will be happy. Eat when you are hungry and stop eating when you are full. This is...
Israel suddenly launched an air strike on Rafah, and nearly 100,000 people began to evacuate. On the night of the 6th, the war in the Middle East escalated again. Geographical risks have been the focus of global attention in the past two years. Since the outbreak of the Ukraine-Russia war and the Palestinian-Israeli conflict, risk aversion has been...
Gold bulls are relatively strong, with intraday gains reaching $37. The continued upward trend is already a fact! For now, the bulls show no signs of stopping. The one-hour big positive line attack has pierced the previous high of 2328, and the pressure above has been released to a certain extent. Judging from the current market trends, the small-band bull...
Non-agricultural profits did not rise last Friday, but fell back. Obviously, the current price is still in a situation where short sellers dominate. Under normal circumstances, news will have an impact on the market, or it will be consistent with the technical side and promote the technical side to accelerate. Either it goes against the technical side and...
Gold tested the downward trend line several times, but to no avail, and went short near 2313. At present, the K line is still unable to rise. Even if non-farm payrolls are good for gold, the price of gold cannot stabilize at 2320 and still cannot break through the downward trend line. This time it continues to be bearish. Gold is clearly showing a...
Perseverance without direction and purpose is futile. Many things require us to have a clear direction and purpose, and then perseverance will make sense. In daily trading, we need to have the right direction, and then work hard to stick to it, and success will be within reach. The 4-hour moving average of gold is still in a short position. Now the...