The chart posted is my labeling of GS to which I feel that we are ending wave D down within a large sideways triangle to which I am labeling it as a WAVE B . I will now look for GS to rally but under a very labored bull phase CAUTION is and should be used for long and I.T. traders
The upside, however, remains capped in the wake of growing acceptance that the Federal Reserve (Fed) will keep interest rates higher for longer. It is worth recalling that the markets are still pricing in the possibility of one more 25 basis points (bps) lift-off by the end of this year, which remains supportive of elevated US Treasury bond yields. In fact, the...
Based on a comprehensive analysis, the gold price is currently showing a volatile adjustment trend, and the short position still exists. In today's operation, pay attention to the watershed 1970 line. If the price rebounds and is under pressure at this position, you can go short first and then watch the shock drop. At the same time, the low support below focuses...
If you haven`t sold GS here: Then analyzing the options chain of GS The Goldman Sachs Group prior to the earnings report this week, I would consider purchasing the 330usd strike price Calls with an expiration date of 2023-7-28, for a premium of approximately $5.55. If these options prove to be profitable prior to the earnings release, I would sell at least half...
After last week’s sharp rise, gold temporarily stagnated at the 1963 high. On Friday, the small negative line retraces and corrects. The week’s closing work has not further risen to break new highs. The overall rise has come out of the high volatility after the surge, and there is room for retracement It is not enough to change the bullish structure for the time...
Gold's current rebound is in place, and it will continue to fall in the future. 1930 will be directly short, bearish! It can be seen from the gold 4-hour level that after this rebound hit the suppression of the long-term moving average, it encountered resistance and called back! Before the pressure of 1935 broke through, the short trend of gold remained...
Bearish divergence on the weekly time frame indicated a bearish move. Which has already happened, giving up control from the bulls to bears. Creating a lower high which could indicate a upcoming move towards $250. Over bought stochastic and Market exhaustion of the RSI to the upside. Could support my analysis which means NYSE:GS could fall 24-38% in the coming...
——Powell's super-"hawk" interest rate hike attitude is shrouded, and the gold 1990 mark is in jeopardy—— At noon in the Asian market on Thursday (June 29), gold shorts approached $1,900, and Federal Reserve Chairman Powell reaffirmed his super-hawkish stance. The analysis pointed out that gold is no longer a good hedging tool against economic difficulties...
The gold adjustment is coming to an end, a new downtrend is about to start, the rebound relies on the pressure of 1950 to short, and the waterfall is about to appear! For the trend of gold, from the weekly level to the hourly chart, it has been analyzed countless times! Weekly triple top, historical top! The daily line fell all the way down. Although the current...
6.20 Today's gold market trend analysis: From a technical point of view, spot gold fell slightly on Monday, the daily line closed negative, but did not change the diurnal cycle of the state, the daily cycle or look at the 1980/1935 unchanged, because the temporary interval performance is larger, so it is not suitable to judge the day trading, then the cyclical to...
On the daily basis, gold is showing a bearish consolidation above the 100-day moving average and the 50% Fibonacci retracement of the uptrend from late February to early May (currently around 1940). The MACD indicator resumed bullish momentum, but the Relative Strength Index (RSI) stabilized near 50.0, indicating that the bearish move will continue. Gold from the...
Gold Looking at the daily line, gold has weakened the support at the bottom of the downtrend. A close above the trendline at the top of the pennant (around 1967) would be a sign of strength. Gold Looking at the 4-hour line, gold prices are in a two-week-old falling wedge-shaped bullish technical formation. A bullish crossover on the MACD indicator and a U-shaped...
The Fed's interest rate decision has been settled, and the previous record of ten consecutive interest rate hikes has been stopped. The key point is that the Fed expects to raise interest rates by 50 basis points this year. Therefore, gold is still out of the decline, including the market is still digesting interest rates. The impact of the announcement of the...
Summary of the week: The signal accuracy rate is 100% for two consecutive weeks, and once again led my vip friends to reap huge profits! This week's disappointing employment data in Canada showed a sharp decline in employment and no prospect of a 50 basis point rate hike in July. The Ukrainian counteroffensive began, and the situation was tense again. Gold...
The current key pressure position is the 1957 position, which is the market pressure position and the moving average suppression position! Today's rebound relies on this pressure to continue shorting. The support below pays attention to whether the 1930 line breaks. If it breaks, the market will start a new round of decline! Trading straregy: gold: sell@1955 ...
Dear traders, Gold prices rebounded to the upside in the 1960s, and while this has increased hopes that gold prices will emerge from recent weakness, it cannot be too optimistic for the time being, as resistance in the upper 1970-1980 area could create an obstacle to the current rally. The resistance in the 1970-1980 area is very strong and will still face a...
Gold has been short recently, although there is a rebound in the gold process, but in the end it is still constantly making new lows, and each rebound is to give a better opportunity to short. Recently, it should also make everyone feel the charm of the trend, for the bears, each rebound is an opportunity to dry short, for the bulls, probably every time there...
Today, as I analyzed in my previous article, when the top of gold breaks through the 1980-1985 position, I will consider shorting again. The trading strategy given once again successfully helped my friends get very good profits. In the short term, gold 1985 is still a relatively stable resistance line. As long as we seize accurate trading opportunities, we can...