Gold News: In the week of June 9, gold prices rose slightly in volatility, and gold prices were stable around $1960, as the market patiently waited for next week's Federal Reserve June resolution. Rising expectations that the Federal Reserve will not raise interest rates in June have supported gold's gains this week. In addition, concerns about a global economic slowdown, as well as underperforming US data, also supported gold prices. Next week, investors will welcome the crucial U.S. CPI data, as well as the Federal Reserve's interest rate resolution, which is expected to trigger major market moves next week. The Fed will announce its decision next Wednesday (June 14) at 2 p.m. Et. Fed Chairman Jerome Powell then held a press conference.
Gold next week Trend: The gold price as a whole is revolving around a wide range between 1985-1930, the daily chart shows that if gold breaks below the May 30 low of $1932, it will open up new downside space, and the support below looks towards $1926, which is the 38.2% Fibonacci retracement of the downward wave that began at $1983. On the contrary, if the gold price starts the upward trend from $1,939, according to the observation of the hourly chart, the gold price may break through the 61.8% target of $1,971 and rise further to the 76.4% target of $1,979. However, gold needs to break above the $1,985 neck level to confirm further upward trends.
Gold next week's short-term trend: From the daily trend, the MACD indicator shows that the dead cross is turning into a gold cross, while the double line glue of the smart indicator indicates that the price is volatile, but there are signs of a rebound. The narrowing of the three tracks of the Bollinger belt indicates that the oscillation range is narrowing. The short-term upper resistance is located along the 1970 line, which is the area corresponding to the parabolic turning point and the bonding position of the MA30 and MA60 moving averages. The lower support is located near 1958-1955 where the short-term moving averages MA5 and MA10 adhere. Short-term gold may hit the 1970-1974 * level, but there is a greater possibility of another pullback upward, possibly returning to the lower support level near 1953-1955. Therefore, we believe that the best point to go long again is below 1953-1955.
Overall, next week's opening short-term trend is volatile, and we will continue to pay attention to the price seesawing in the 1984-1933 range. The intraday correction position is expected to be $1955, which is the starting point of the previous shoulder-bottom structure, which has been converted into effective support today and can be long after touching. The operation on the gold recommended to step back to do more mainly, above the 1970-1974 pressure, below the 1955-1950 support.
Gold operation strategy reference: It is recommended to step back below to touch the 1955-1957 line to do more, stop loss 1948, the target point 1965-1970 area; Top up 1970-1974 short once, stop loss 1979, target point 1965-1955 area;
Gold next week Trend: The gold price as a whole is revolving around a wide range between 1985-1930, the daily chart shows that if gold breaks below the May 30 low of $1932, it will open up new downside space, and the support below looks towards $1926, which is the 38.2% Fibonacci retracement of the downward wave that began at $1983. On the contrary, if the gold price starts the upward trend from $1,939, according to the observation of the hourly chart, the gold price may break through the 61.8% target of $1,971 and rise further to the 76.4% target of $1,979. However, gold needs to break above the $1,985 neck level to confirm further upward trends.
Gold next week's short-term trend: From the daily trend, the MACD indicator shows that the dead cross is turning into a gold cross, while the double line glue of the smart indicator indicates that the price is volatile, but there are signs of a rebound. The narrowing of the three tracks of the Bollinger belt indicates that the oscillation range is narrowing. The short-term upper resistance is located along the 1970 line, which is the area corresponding to the parabolic turning point and the bonding position of the MA30 and MA60 moving averages. The lower support is located near 1958-1955 where the short-term moving averages MA5 and MA10 adhere. Short-term gold may hit the 1970-1974 * level, but there is a greater possibility of another pullback upward, possibly returning to the lower support level near 1953-1955. Therefore, we believe that the best point to go long again is below 1953-1955.
Overall, next week's opening short-term trend is volatile, and we will continue to pay attention to the price seesawing in the 1984-1933 range. The intraday correction position is expected to be $1955, which is the starting point of the previous shoulder-bottom structure, which has been converted into effective support today and can be long after touching. The operation on the gold recommended to step back to do more mainly, above the 1970-1974 pressure, below the 1955-1950 support.
Gold operation strategy reference: It is recommended to step back below to touch the 1955-1957 line to do more, stop loss 1948, the target point 1965-1970 area; Top up 1970-1974 short once, stop loss 1979, target point 1965-1955 area;
Trade active:
After the slow decline of gold in Asia, it has reached the buying point we told you in advance, the lowest reached 1954.2, we also bought gold in 1955, patiently holding orders to wait for our target position. Today is the first day of the week, it's a perfect start, good luck to all.
Trade active:
Friends who bought gold in 1955 can profit now and reduce their holdings, currently quoted in 1964. Friends who miss this trade can wait for the second decline and then continue to buy in 1955.
Trade active:
Gold is still slowly rising, which is really very good news, we almost bought at the lowest position.
Trade active:
Wait patiently to see if the market gives us a second chance to buy, or if it goes straight up.
Trade active:
Note that the price of gold is once again in the range we bought, but at this time we can not follow the previous range position to buy, because like this range volatility, each low will be lower, the high will be higher, with a high probability. So we need to wait for a safer position to buy gold.
Trade active:
Well it seems that we are correct that gold is accelerating its decline, although we did not seize the profit this time, but we at least avoided the risk of buying, trading is such that we can not seize every opportunity every fluctuation, but as long as we can make a profit, it is a good thing. Today we bought gold in 1955 and he reached our target position of 1965 with a perfect victory, congratulations to the friends who followed.
Trade active:
Well it seems that we are correct that gold is accelerating its decline, although we did not seize the profit this time, but we at least avoided the risk of buying, trading is such that we can not seize every opportunity every fluctuation, but as long as we can make a profit, it is a good thing. Today we bought gold in 1955 and he reached our target position of 1965 with a perfect victory, congratulations to the friends who followed.
Trade active:
Gold is completely in line with our judgment that the second down low will be lower, and finding the right position to continue buying is another very good gain.
Trade active:
GOLD 1952 buy TP:1965-1975 SL:1947
Trade active:
We need to be patient with our buy orders, and if we go back to 1950-1952 we need to keep buying and wait for 1965-1975.
Trade active:
We need to be patient with our buy orders, and if we go back to 1950-1952 we need to keep buying and wait for 1965-1975.
Trade active:
Gold slowly rose the current price of 1962, we can continue to hold patiently, continue to buy gold after the fall, gold support position in 1955 can rely on here to continue to buy.
Trade active:
I've had a lot of friends ask me, why did you know that the lows were going to be lower and you didn't sell gold, when the price was 1959, and you could have made a very good profit in 1950. Also, why not buy in 1950, but wait a few hours to buy in 1952.
What I want to tell you is that this is what you see, but nobody knows how it's going to work until it happens. I don't risk betting on small odds, I would if it were my own account, but now I'm leading all my friends, probably most of them will follow my signal, some people may be rich and don't care about losing one or two trades, but some people may not be rich, and losing one or two trades may be more than they can afford. So, I have to be responsible for everyone and make sure that at least 80% of the trading signals are sent to everyone, which is why I keep winning. But what I said yesterday was very clear, and my views have all been validated, and the lows for gold to fall further are even lower. The decline stabilizes and gold rises again, which is completely consistent with the range-bound operation law, so we would not buy in 1950, because at that time, no one knows whether it has stabilized or whether it will continue to fall. But by the time he got to 1952 and continued to shake, I knew they couldn't go down again, so I gave my trading signal, it was as simple as that.
If you want to learn more about the judgment of trading, you can follow me and I will take the time to train you in trading knowledge, so that in the future when you have a situation like this you don't need anyone to tell you what to do, because you are very familiar with the situation and you can do it yourself.
What I want to tell you is that this is what you see, but nobody knows how it's going to work until it happens. I don't risk betting on small odds, I would if it were my own account, but now I'm leading all my friends, probably most of them will follow my signal, some people may be rich and don't care about losing one or two trades, but some people may not be rich, and losing one or two trades may be more than they can afford. So, I have to be responsible for everyone and make sure that at least 80% of the trading signals are sent to everyone, which is why I keep winning. But what I said yesterday was very clear, and my views have all been validated, and the lows for gold to fall further are even lower. The decline stabilizes and gold rises again, which is completely consistent with the range-bound operation law, so we would not buy in 1950, because at that time, no one knows whether it has stabilized or whether it will continue to fall. But by the time he got to 1952 and continued to shake, I knew they couldn't go down again, so I gave my trading signal, it was as simple as that.
If you want to learn more about the judgment of trading, you can follow me and I will take the time to train you in trading knowledge, so that in the future when you have a situation like this you don't need anyone to tell you what to do, because you are very familiar with the situation and you can do it yourself.
Trade active:
For the next few hours, our focus remains on the CPI data, if the data is positive for gold, then gold will smoothly break the 1975-1980, if the data is negative, we will find a suitable position to sell. The best place to sell was in 1978-1980, but it may not be there today. But it doesn't matter, we now have a $10 profit and we don't have to worry about that, of course, if you're afraid, you can close your position in 1965 and wait for the post-trade data release. If I am not particularly busy around the time the data is released, I will continue to share it publicly. If I am busy, and you can not judge, you pay attention to my news, I believe we will get better results in the future.
Trade active:
Before the data was released, gold fell rapidly to 1950. If you followed my trading signal at 1952-1955 buy limit, they then quickly rose to 1970 and directly reached our target. The positions we gave are very accurate, congratulations!