Under the influence of the news and people's concerns about the Federal Reserve's interest rate cut, gold rose crazily and reached the psychological level of 2350. At this position, it is impossible for me to conduct long transactions. I prefer to go short. Before it falls below 2300, my trading idea will remain high and short, and long orders will only be...
At present, the market has reached the resistance level again. From the indicator point of view, there is still room for growth. For the time being, we will observe the 2277-2289 range. The support will first be around 2263, followed by 2256-2252. If it falls below, consider around 2232. At that time, the pattern may be head and shoulders, which also means a...
Regarding yesterday's data, my view is to go short, with the target near 2269, and we finally succeeded in making a profit. After the market fell sharply, there was a small rebound. When it was near 2270, I also reminded everyone that there will be a rebound, and the resistance level is 2279-2286. As I expected, it was blocked near 2279. Now I continue to...
Initial jobless claims will be released in 30 minutes, which is expected to be favorable for shorts, so my trading plan is to go short. Gold is currently in an upward channel, with support around 2283, followed by around 2269. Based on the current price position, I am more willing to short at a high level. For this rise, my highest estimate is around 2319....
Gold is currently under pressure at MA5 (2252-2254). If it breaks through, focus on the resistance of 2258-2263, and the support below is 2246-2241. If it falls below the support, consider the 2226-2218 range. If it falls to around 2226-2223, you can try to trade long and pay attention to controlling the position. The rebound resistance will be concentrated at...
On the last trading day before the holiday, the market was stimulated by the news and rose strongly, reaching a record high. A big positive line in the 1D chart turned the MACD dead cross pattern into a golden cross, and the trend turned to long. However, judging from past trading experience, there is a high probability that there will be a period of...
After gold has experienced a wave of decline, small-level indicators need to be repaired. Bulls can participate appropriately and pay attention to the resistance in the 2252-2258 range. If they cannot break through, close the order in time and switch to short trading.
The indicators on the 1h chart are also trending towards the short side now. It depends on whether the support in the 2185-2181 range is effective. In my opinion, the probability of falling below is greater. At the same time, there is data released today. Judging from the data released last week, today’s data has a higher probability of being beneficial to the...
On the 30M chart, a short position has appeared, a small double top. Since it is already obvious, our transaction does not require too much consideration. The probability of profit from selling is very high. This time it will fall back, at least to around 2183, and then it will be in the 2176-2169 range. Friends who follow the trade, if your account is...
The market fluctuates very quickly. When I prepared my strategy, I only had time to tell my friends who were following me and I haven't published it here yet. Now, the bulls are on a strong offensive, and the resistance continues to focus on the 2192-2196 range, with strong resistance at 2202. My strategy is very simple, which is to go short near the...
The gold market fluctuated violently today, and the 2192-2196 we expected has been reached today. At this point, the rise has basically ended, and what is left is a volatile downward trend. The low must be at least around 2134. So the next idea is very simple. Go short on rallies. If you are patient, you can leave some high short orders and wait for them to be...
The strategy of going long first today is very good. Currently, the main force is that the bulls have not completely relieved their efforts. In the 2h chart, there is still a wave of upward momentum, supporting around 2169-2162. If it falls back, you can continue to go long. The probability of going up is very high during today's U.S. market time or tomorrow's...
The bulls are very strong today. After breaking through 2183, they quickly rose to around 2200 and fell back after hitting strong resistance. The current support is 2181-2186, and the resistance continues to focus on 2196-2202. The US market is trading in this range, and we should be wary of the possible double top pattern. Once the pattern is formed, it will...
Today we successfully touched the resistance of 2183. There is a high probability that there will be a pullback near 2185-2189, but the bulls are not done yet. The pullback supports 2178-2174. Go long again without falling below the support. The strong resistance this week is around 2192-2196. If there is news to cooperate, it should be able to touch around...
The 1H chart shows that the bears are showing signs of exerting force. For the rest of the day, we will continue to focus on the resistance near 2183. Tomorrow, the Asian market will give priority to shorts and support 2162-2158.
Let’s first look at the support in the 80.5-80.2 range. If the support is valid, go long. The indicators are now more favorable to shorts, with resistance around 81.3. If it falls below 80.2, there will be a small rebound, but 80.5-80.8 will become strong resistance, so the risk of shorting is smaller and the profit opportunity is greater.
Our short trade was very successful today with considerable profits. Congratulations to those who followed. At present, in the 30m chart, the indicator needs to be repaired, so in tomorrow's session, the trade will be long at a low level first. After rebounding to around 2186-2192, observe the resistance. If it cannot break through, start shorting. The strong...
The large-level trend has turned bearish. Try to focus on high-altitude trading, and be cautious when going long. Judging from the current trend, the resistance is mainly concentrated around 68000 and the support is around 64000. Trade around this range first. If it falls below 64000, you can make a small rebound. Don’t be too greedy when trading. Close the...