From a daily perspective, gold rebounded from a low last Friday and closed at the Zhongyang line. From a disk perspective, the gold price trend last Friday was similar to last Thursday. After the gold price fell briefly due to the impact of the data, there was a short-term buying trend. At present, the daily closing line is a yang, which ends the nine consecutive...
History doesn’t repeat; it rhymes. I’m of the belief we will see a modern era “Great Depression.” If they actually call this the “Great Depression II” you’ll officially know all creativity in the world has been destroyed. I believe that GOLD will eventually hit 5,800 – 6,200 within 10 years. I believe the final impulse will happen in 2031. TL:DR 2023 will...
Yesterday, the golden daily line showed a pattern of three consecutive positives. The trend was somewhat biased towards the long side, but the general trend has not been reversed for the time being. The hourly line in the early morning did not show any pullback, which is a strong performance in the short term. After a slight adjustment today, it broke through...
Spot gold fluctuated and rose on Friday, currently around 1918. The gold price bottomed out overnight and rebounded. It once hit a nearly three-week low near the 1900 mark, and closed back up near the 1910 mark. Stimulated by the news yesterday, gold quickly fell back to around 1901 and then stopped rebounding. Under the pull of the big positive line At the time...
Happy weekend everyone! This week we have relatively few open strategies. We traded 7 orders this week, 6 wins and 3 did not leave the market. This week's temporary profit is 23 US dollars. Suggestions for next week: The golden weekly line shows a lower shadow Yang line, suggesting that the power of shorts has weakened, but various indicators are still bearish....
On Thursday (September 14), in the Asian market, the spot gold price was still around 1909. Core CPI, excluding food and energy, rose 0.3% month-on-month in August, slightly higher than the 0.2% increase expected by economists polled by Dow Jones. The figure increased 4.3% from the same period last year, in line with expectations. Overall data rose 0.6% last...
1 Gold analysis: Yesterday, gold's daily line closed negative, and bottomed out, and the short-term trend turned from shock to bearish. Today the price continues to be suppressed below 1915, so the short-term performance is also weak. 2 Today’s trading plan: Tonight, we will focus mainly on cpi data. The idea is divided into two steps: If the data is greater...
Yesterday, the whole network of gold 1911 went long, and the Dayang line soared directly to around 1922. The long order is also a harvest. So far, there is no loss order this week. This wave of long and short has won 24 consecutive victories. In no time, the magical Friday is here, what do you think? The k-line as a whole is still above the 50 moving average....
In the early trading, we bought at 1918 and took profit at 1929! Now: If there is pressure near 1930, you can sell, stop loss at 1935, target 1915; if 1915 stabilizes, it will be bullish. If it breaks, pay attention to the 1910 support below before making plans.
In early trading in Asia on Thursday, DXY remained strong and is currently around 104.9; spot gold continues to be under pressure, with gold prices around 1918. Gold prices remain on the defensive as market participants flock to the dollar amid stronger U.S. data and hawkish signals from the Federal Reserve. DXY rose to a new high since March 15 on Wednesday,...
Strong economic activity in the United States is supporting the #dollar, and that's why we are witnessing a decline in the #price of an ounce of gold. #Gold prices seem unable to initiate a rally or a significant drop; in fact, the market is in a #range. #Fundamental Analysis of #Gold It is expected that #economic data in the coming week will support the...
Recently a bullish trendline was broken. Now on a bearish trendline. Will the candles break the bearish trendline as the candles are touching the trendline ? Also it looks like a head and shoulder pattern is forming.
1. - The Federal Reserve continues to suppress gold prices, and the 1900 mark is in danger - News: In the European market on Thursday (September 7), spot gold rebounded slightly, with the price of gold currently located around $1,921 per ounce. Expectations that the Federal Reserve will keep interest rates higher for longer pushed the dollar and U.S. Treasury...
Hey guys, I hope you're all doing well. As you can see for gold, I think we must expect the gold downtrend to last for a much longer time. In my opinion, gold will fall (step by step) until the 1810 area, and after that, it will fall until 1700. Then, if the price breaks the major support and retests successfully, according to the Triple Top pattern, it must fall...
During the Asian session on Thursday, spot gold fluctuated within a narrow range and is currently around 1922, holding most of the overnight gains. On Wednesday, the price of gold rose by 0.95%, the largest one-day gain in more than a month. It once touched the 1920 mark and closed at around 1915 US dollars. Because the PMI data of European and American countries...
Gold layout analysis: On Tuesday, more than 1930 gold orders were placed, and after rising to the 1935 line, the positions were reduced and left. In the overall stable profit appreciation position. After opening at 1925 this morning, it continued to rise slowly. Judging from the trend of gold in recent days, it basically maintains a low level and fluctuates...
After the release of the cpi data today, gold rose sharply for a short period of time and then fell. At present, it fell to 1912. Although the gold market continued to fall, it still did not break through the 1910 support below. I think gold can still choose to buy when it is near 1910 trading signal: buy 1905-1910 tp1917-1922 Share free trading signals...
Gold prices struggled on Wednesday, with investors on the sidelines ahead of key U.S. inflation data that could provide more clues about the Federal Reserve's monetary policy stance. The latest U.S. inflation data due tomorrow will be an important point of reference when the Fed meets next month, when the committee will decide whether to continue raising interest...