Gold successfully regained the $1900 level under the push of various news. As of now, the follow-up handling of the SVB bankruptcy event only protects depositors without being responsible for the rights of shareholders and creditors. Following SVB, First Republic Bank also faced a run on its deposits, with its stock price falling more than 70% before trading...
Gold has shown strong momentum today, breaking through the 1900 level. As of now, the upward trend has not been completely exhausted, and the risk of bank runs is likely to continue to drive gold higher. Our next resistance target is around 1918, followed by 1931, and if we can break through, 1958 will be our highest target in the near future. During the...
The surge in risk aversion has driven gold higher, breaking through the resistance level of 1880 and is likely to reach 1900 next. Therefore, trading should continue to be long-focused. Of course, it is not sustainable for gold to keep rising without a correction. There is a higher probability of a pullback near 1900, and attention should be paid to the...
Backtesting gold has found support near 1870, and has risen in the short term. Currently, it has reached a resistance level near 1890. If it can break through, there is potential for it to touch 1900. If it cannot, it may fall back below 1870 again. Based on today's trend, it is still suitable for long trades. Therefore, after the fall, it can be bought...
The federal government has announced that Silicon Valley Bank depositors will be able to withdraw 100% of their deposits starting from Monday. The official statement claims that, after joint recommendations from the Federal Savings Insurance Corporation and the Federal Reserve, and reporting to the President, the Treasury Secretary has signed and approved...
Gold was impacted by non-farm payroll and unemployment rate data, breaking through resistance near 1845 in the short term and surpassing the previous high near 1859, rising to around 1870. Currently, 1845 and 1860 have both turned into support levels from resistance levels, causing the trend of gold to change to an upward trend. Due to the significant...
After breaking through the resistance at 1823, gold rose to 1835, breaking through the resistance level near 1831 during the period. Currently, it is starting to fall. Since breaking through 1823, this level has changed from resistance to support, and the current support range is between 1822-1825. If it does not fall below this level, the short-term trend of...
Gold is currently testing the resistance in the range of 1820-1823. If it can break through the resistance, the price is expected to rise to around 1831. If it cannot break through, it is expected to fall below 1813. Based on the current trend, the probability of a direct upward breakthrough is not high. It is expected to rise and then fall back rapidly, just...
On the 15-minute chart for gold, the MACD is about to form a golden cross, which is a bullish signal. We entered a long position accurately near 1847 and are currently holding it, waiting for the first take profit level near 1853. Thank you for your attention and support, please stay tuned as I will update our trading strategy at any time!
As expected, gold traded within the range of 1813-1823 in the last few hours yesterday and fell below 1813 today. Therefore, our first target is around 1804, as the trend has turned from bullish to bearish. When trading, it is mainly focused on shorting at high levels. The chart is based on a 30-minute interval, and the first resistance to be faced today is...
Hello everyone, today gold continued to fall after breaking through the support level of 1841, and there is currently no sign of a rebound. The key focus now is on the resistance around 1842. If it cannot be broken, the gold price will further decline to around 1830-1833. Currently, there may be many friends holding long positions in gold. Don't worry, first...
Hello everyone, on the 30-minute chart, gold is currently oscillating in the range of 1845-1851. The MACD indicator is temporarily in a golden cross formation, but its performance is relatively weak, and there are already signs of a death cross forming. This indicates an impending correction. On the 1-hour chart, the MACD is about to form a golden cross. If...
The world is already dirty, so there is nothing to be afraid of. Everyone has bitterness that cannot be vented, and depression that cannot be resolved, but who of us living here is not doing our best, or even living by unscrupulous means. The gold bulls did not continue their gains yesterday, indicating that the current upward movement is mainly based on...
In the world of trading, the players control the game, the observers understand the game, and the participants play the game within the game. What goes up high enough will eventually fall deep enough, and what falls deep enough will eventually rise high enough. This is an eternal logic in financial markets, where the core lies in volatility that creates value...
Hello everyone, on the hourly chart, gold has formed a double bottom structure and forcefully broke through the previous moving average resistance and the consolidation resistance at 1850. There is no doubt that gold has turned into a bullish trend! Therefore, the only trading strategy is to go long! The target is 1870-1875, which is where the upper band of the...
From a technical perspective, gold is currently forming a head and shoulders bottom pattern. To confirm this pattern, the price of gold needs to rise to $1870 and not fall below around $1845 during the subsequent pullback. I believe the success rate of this head and shoulders bottom pattern is above 80%. At the same time, the announcement of February non-farm...
Over the next two weeks, there will be many data releases that could significantly impact the price of gold. It is important to be prepared before the storm hits and to seize opportunities as they arise. A strategic approach is necessary, avoiding confusion. The market will be focusing on Federal Reserve Chairman Powell's testimony before the US Senate, along...
Gold has reached the resistance zone and completed its first breakout attempt. It is expected to continue rising after testing the support level. The target range is 1850-1865, so it is recommended to focus on buying at a low level when trading. Follow me to get more trading strategies and earn more profits!