The dollar and the US financial situation are currently facing two interconnected crises, which are putting confidence to the test. The US Treasury Department has issued a warning that if Congress fails to pass a bill to increase the public debt ceiling, the US government could potentially default on its debt by early June. Maybe set up plan: BUY XAUUSD zone...
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...
The current gold cycle is still in a bearish downward trend, with three major peaks on the weekly line, and continuous new lows on the daily line. In the short-term, gold is in the process of large-scale shocks from 1940 to 1980, which is a falling relay pattern. ! After the shock, it will surely fall to a new low again! After the current gold bottomed out, it...
Gold rose from around 1926 to around 1960 today, after the data was released, gold showed a significant pullback, currently stable below 1960, short-term did not break through 1960, we must know that the impact of data on gold is temporary, the rise of gold will also give us a better short position, and gold from the overall trend, gold short will have greater...
Gold did not continue to fall after yesterday's fall, but a small rebound. Are gold bulls starting to reverse again? This is also a matter of concern to everyone. Tonight, the annual rate of CPI in the United States has not been adjusted seasonally in May. Before the data, it is normal for gold to fluctuate back and forth. However, the gold rebound is an...
The market has been in consolidation territory in June this month, and this week will usher in the main moment. The CPI on Tuesday, the decisions of the United States, Europe and the Bank of Japan in the next few days, so the market will be very volatile this week and the range may be broken Gold today after coming to 1967, again the current low around 1950,...
Gold rose directly with marginal support yesterday Looking at the 4-hour cycle, the price of gold is still below the trend line. On Friday, the price of gold touched the downward trend line, and gold plummeted even more, putting pressure on it. It is easy to see that gold is now in a oscillating trend, because the high and low points extend horizontally, and the...
When the dust settles, the Fed is set to continue raising rates If the Federal Reserve meeting were held today, the current uncertainty surrounding banks would prompt them to keep rates unchanged. However, in the ever-changing world of markets, a lot can happen in just one week. If the upcoming weekend remains calm and without any need to rescue banks, there is...
GOLD - KEYLEVELS TO WATCH FOR A TRADE Personally im not looking to short GOLD , beacuse there is still an UPTREND , so from here the price can grow faster and i dont want to be vulerable on this. Im looking just for longs ...maybe the short ideea will be just if the daily trend line wil be brooken.
On Black Friday, empty orders continued to make profits. The most violent thing was that the price of gold fell directly below the neckline. At this time, the bottom structure directly failed. Relying on the pressure of the neckline at the 1954 line, continue to short the gold. This time the gold price will test the support at the 1938 line below again. If the...
Hi, according to my analysis of the gold market. There is a high probability of falling. With the formation of the descending channel, gold was unable to break it higher. There is also an internal channel as shown in the analysis. There is a lot of pressure from the sellers to fall back to the 1930 levels. And the 1910 level. Good luck everyone .Note: If you...
The economy is showing signs of improvement, with the USD still on the rise. However, tensions of war are on the increase. If the conflict intensifies, Gold is likely to see a surge in demand due to its traditional role as a safe haven for investors. This could lead to price conflicts and a time of heightened market volatility. Experts predict a decline in gold...
Gold prices increased by more than 0.7% on Thursday, resulting in an overall gain of about 1.6% for the week. This marks the best week for gold since early April. The rise in XAU/USD comes as the US Dollar and Treasury yields weaken, highlighting gold's anti-fiat characteristics. On the daily chart, the next major technical obstacle for gold prices is...
As I analyzed yesterday, the current gold trend is the same as the chart given yesterday, gold began to fall after rising, gold is currently oscillating around 1955, today I am short around 1965, perfectly achieved profit, got a very good profit, next gold will continue to fluctuate, we focus on 1950 below, focus on 1965-1972 above, I think gold around 1970 will...
The gold Yinxian fell below the 1-hour mid-track, which is the best signal for the end of the bulls, which is to be shorted, but this cannot determine the low point, so we can only use other methods to continue to hold short orders Although there is a bottom structure, gold has not yet tested whether the neckline support is effective. Moreover, the price of...
Gold after yesterday's rise, the highest level is 1963.32, without breaking through 1965 there is still a chance for us bears. At present, gold is still at a high level, for the current market, can it continue to go short? In this regard, I think that the short-term can be bearish within the day, mainly depending on the strength of the decline My view of gold...
Gold rebounded but 1950, continue to be short The current decline of gold is still the same, the rebound is not under pressure, and it will continue to make new lows after the shock! Relying on the key pressure position is short The current gold is undoubtedly still in a downward trend. On the 4-hour level, gold fluctuates all the way down! And it keeps...
Over the weekend, Biden announced a debt ceiling agreement, which made the risk of default that the market feared disappear and was bearish for gold in the short term The Fed raises the debt ceiling, the dollar in the market will naturally increase, thus affecting inflation, inflation will reverse and rise again, the Fed will use interest rate hikes to...