MasterGoldTrader

MasterGoldTrader Updated 

From the daily chart, after the US market experienced a wash-out trend on Friday, the direction and space of gold have been opened, showing an obvious weak and volatile trend. A triple top was formed near 2360. Multiple pressures from above may suppress gold bulls again. At present, there is a great possibility of a sharp decline. The support below will first...

MasterGoldTrader Updated 

The gold daily line ended with a long negative line with a slightly longer lower shadow, which shows that the downward trend of gold is clear. Today is undoubtedly bearish, Therefore, we gave a short strategy of 2337 to our internal members in the morning session and entered the market to short sell in batches. The market is also as expected, rebounding to around...

MasterGoldTrader Updated 

Gold has been volatile in the past two days, but everyone should be familiar with this rhythm. It is always quiet before the storm. Under the calm surface of gold, the big market is about to start. Since the pressure of 2450, the daily line has fallen sharply for three consecutive days, and then rebounded for three consecutive small positive lines. The short-term...

MasterGoldTrader Updated 

Yesterday, spot gold showed a trend of low-probing and rebounding. The daily structure closed with a small positive line, which temporarily failed to change the short-term bearish trend. At present, the 5-day moving average has moved down to around 2349. Although the Bollinger Bands are intended to shrink as a whole, the middle track extends upward to around...

MasterGoldTrader Updated 

The spot gold market had a wild ride over the past week, with fluctuations reaching nearly $125, and ended the week with a huge drop. Although central bank buying and strong Asian demand created a long-term upward trend for spot gold, the uncertainty surrounding the Federal Reserve's monetary policy Uncertainty continues to generate huge short-term swings. The...

MasterGoldTrader Updated 

This week, gold surged and fell after opening on Monday, and then fell all the way, which was in line with our expectations. After rebounding to the 2383 line yesterday, it fell under pressure and continued to fall after breaking 2350, eliminating the previous signs of rebound, and the lowest reached 2327. In the weak market, the daily line finally closed with a...

MasterGoldTrader Updated 

In the past two days, gold has failed to continue the bullish trend and is in a state of range oscillation adjustment. From the daily chart, the stochastic indicator of the daily K fluctuates and rises, and the MA5-MA10 golden cross runs upward, indicating that the golden cross is bullish. At present, KDJ is in a sticky state. From the 4-hour chart, gold is...

MasterGoldTrader Updated 

From a technical perspective, the daily line rose on the upper track of the Bollinger Band, and the price broke through the historical high of 2449. The Bollinger Band moved upward as a whole, and the short-term moving average showed a golden cross upward pattern. Other periodic indicators also maintained a long position. Combined with the risk aversion caused by...

MasterGoldTrader

Gold prices continued to rise strongly today, hitting a new record high and approaching the $2,450 mark. With the end of last week's double-negative adjustment, gold prices closed positive on the weekly chart, indicating that the upward trend is still strong. On the 1-hour chart, gold prices are currently in an upward trend and have shown strong upward momentum...

MasterGoldTrader Updated 

Based on the current market situation and technical analysis, the strategy for gold trend next week can be as follows: 1. Short strategy Since gold has been strong recently and closed above $2414 on Friday, it may rebound to the $2420-2430 range after the opening next week. You can try to short in this range: Opening range: $2420-2430 Stop loss position: set near...

MasterGoldTrader Updated 

Gold retreated with a small negative line on the daily line, failing to continue the previous day's strong closing. After the Asian session inertia high, it fell under pressure and reached the highest level of $2,397. The rebound of the US dollar from a low level limited the upward momentum of gold in the short term. The daily line formed a small cross negative...

MasterGoldTrader Updated 

On the daily line, gold recorded a positive column, and the real column successfully crossed the short-period moving average and maintained above the moving average of each period. The overall Bollinger trend remains upward, although it has not yet fully opened its mouth. Observing from short-term indicators, the downward potential energy has shown signs of...