Today is Thursday April 25 6:30pm EST. Here is the daily prediction for tomorrow's price action in the gold market. Caution: Yesterdays prediction could not have been better. Members have made quite a lot and its easy to become over confident. Tomorrow is Friday and we've been trading in somewhat of a tight range. I expect a big fake move to the upside to catch...
Gold has broken through the shock zone and is also in the form of a triple top. It is currently rising strongly, the bottom is more obvious, the moving average is obviously upward, and the steepness is also intensified. The MACD energy column is obviously located at the zero axis. Above, it is also a sign of gradually moving away from the zero axis. From this, it...
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On Wednesday, gold rose as high as the 2336 area, but did not stand firmly above 2330, and then fell back to recover its short-term gains. Focus on Thursday's announcement of the number of people filing for unemployment benefits and the quarterly personal consumption index in the United States, which may push gold to strengthen further.
The Times of Israel's latest report on Tuesday stated that the United States expressed confidence that Israel would not attack Iran directly and would instead focus on its proxies. The British "Financial Times" reported on Tuesday that the United States and its European allies have stepped up efforts to dissuade Israel from launching a counterattack against...
Yesterday, gold staged a bullish and short-selling trend. First, it fell from around 2360 to around 2325 due to the good performance of US economic data. However, as the market responded to Israel's remarks on the topic of counterattack, gold began to rise, leading bulls to launch a counterattack. The price rose and tested to a position near 2392. Such a trend can...
From the current point of view, gold is just rebounding. The negative line of gold hit the top yesterday, that is, the opening price was around 2382 yesterday. The rebound of gold in the afternoon did not break through the resistance overnight, which shows that the resistance of gold in this place is still effective. Since gold encounters resistance in the short...
Gold is currently in pause mode, and if the conflict between Iran and Israel eases, market focus will turn to the Federal Reserve. It is clear that the Federal Reserve is not going to cut interest rates anytime soon, which is a bearish factor for the gold and silver markets. If the conflict escalates, you will see gold rise again. For now, the focus is on...
Judging from yesterday's trend: 2375-2380 is currently the short-term support point, followed by around 2370 and 2361. The price opened in the morning and fell back to the 2373.6 line. Due to the escalation of geopolitical conflicts, the price quickly rose to around 2418 and fell back and directly recovered the morning's rise. Therefore, the current intraday high...
The precious metal's near-term appeal remains weak as tensions in the Middle East ease and safe-haven demand weakens. Additionally, investors are cautious on gold ahead of the release of U.S. first-quarter gross domestic product (GDP) and March core personal consumption expenditures price index (PCE) data on Thursday and Friday respectively. Gold prices fell in...
Yesterday, it continued its downward trend and fell below the $2,300 mark, reaching as low as $2,291. Based on the previous day's high, the two-day retracement was nearly $100, completing a retracement adjustment in a relatively short period of time. The retracement of the gold price itself is an adjustment. It is under such expectations that we effectively seized...
After the intraday shock and correction, the short-term position is currently intertwined with the moving average near 2375. The short-term trend begins to show a bottoming trend and begins to exert upward force. Trading strategy; go long in the 2370-2373 area, target 2390.
The Fed's hawkish speech blocked gold at the 2400 mark. The United States has warned Israel that it does not want to see tensions escalate further. This statement cooled the market's risk aversion, thus putting downward pressure on gold prices. However, Israeli military spokesman Hagari said on April 16 that Israel would not remain "indifferent" after being...
Geopolitical tensions in the Middle East have eased, affecting gold's role as a safe-haven asset during turbulent times. Judging from yesterday's trend, the short-term trend of gold has not yet been determined. The main reason is that after reaching the key position yesterday, there was a wave of gains during the US trading session. Today, it fluctuated downward...
Today is Wednesday April 24, 2024. Its 7:00pm EST and here is the daily projection for tomorrow. Further upside expected on gold after downside retracement.
"PPI data was slightly lower than expected, keeping alive hopes of a possible rate cut before the end of the year - hence gold's gains. Central bank buying and geopolitical uncertainty remain the mainstays supporting the gold market." The golden week reached a new high, first stepping back to the 2325 first-line correction and starting to stabilize. Later in the...
Today can really be considered a bumper harvest. I participated in 9 long and short short-term transactions during the day. Only two of the transactions totaled a loss of $585. The other transactions were basically all profits after hitting the TP.As of today, the net profit has exceeded $27K. It can be said to be a very good trading result and has greatly...
The situation in the Middle East, as predicted earlier, has eased. The United States acts as an intermediary, taking positions and speaking on behalf of both parties, which helps ease tensions. In the absence of new news, the gold market's operating philosophy should be based on upward breakthroughs after range oscillations. As the market opens higher, investors...