Gold fluctuated in the box today, and the volatility was significantly lower than last week and the beginning of this week.
At present, it is the digestion stage after the sharp drop. If it can rise and break through the box, there is a high probability that it can touch the resistance near 1957-1961.
However, judging from the current situation, the...
On Friday, gold rose directly by more than $70 during the US trading session, closing around $1990, from its position around $1920 earlier in the day. During the US trading period, global stock indices fell across the board, with European and American stock markets experiencing continued declines. As a result, a large amount of safe-haven funds entered the gold...
The shape of gold is similar to a head-and-shoulders top, and it is currently near the support level. If it falls below 1961-1957, it will continue to fall to around 1950.
So in terms of trading, I think it is possible to carry out short trading above 1965.
Trading straregy:
sell: 1965-1970
tp:1955-1945
I will continue to update specific transactions...
During the Asian session on Monday (March 20), gold bottomed out and rebounded. It had previously fallen to around US 1,968.18 per ounce due to technical adjustment needs, and over the weekend the Federal Reserve and the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss Central Bank jointly took coordinated actions to...
SELL GOLD
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gold update ..
We reached a strong supply area, which I expected to bounce back from previously .
And now we are approaching the end of the wave due to the overlap between the daily and weekly supply areas .
I think the price will extend to (1987\2032)
according to the trend strength indicator which still gives strength to ascension and has not yet given the will...
Yesterday, gold continued to rise during trading hours. It fell from the 1905 level to around 1887, and a further drop of $10 would have completed the gap filling at the 1867 level. However, stimulated by the news of the collapse of Credit Suisse Bank, gold rebounded due to increased risk aversion. The subsequent release of PPI data was also positive for gold,...
Welcome . gold market . In very positive condition. With the price reaching the strong resistance level 1820 and breaking the pattern. Double bottom, with the descending flag breached, there is a lot of bullish pressure from the buyers. To 1845 levels in the first stage. And level 1870 good luck. Note: If you like this analysis, please
BUY GOLD
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The Federal Reserve has been raising interest rates over the past year, and regardless of the level of those rate hikes, they are now approaching their end. During this year, how much of the global US dollar has returned to the United States, and how much capital was directed to American banks during the Ukraine crisis, when Switzerland's neutrality failed?...
Gold has been fluctuating around the range of 1890-1914 today and has completed the initial support test. It is likely to attempt to break through the resistance near 1914. If it does, gold will rise to around 1919. If it fails to break through, it will continue to test the support around 1900.
Trading strategy:
Go long below 1903.
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...
Amidst the significant decrease in non-farm payrolls, the rise in unemployment rate, and the impact of SVB's bankruptcy, risk aversion has surged, with gold returning to near 1900. The occurrences have made the release of February's non-farm payroll data seem like a joke!
With so much news to back it up, even technical analysis will become powerless. For now,...
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...
