Today, the price of gold exhibited a trend of opening low and closing high, consistent with our analysis over the weekend that there would be a downward trend followed by an upward trend. Due to the decline in the US dollar index, the market showed further upward movement, with a short-term resistance level of attention at $1,990. Personal trading strategy:...
Gold broke through the 1975 resistance level, which changed from resistance to support. The current resistance level is around 1986, and the shape is bullish. The transaction is mainly to step back on the support and do more. The supports are: 1980, 1977, 1974, 1969 Resistance 1986, 1994, 1999 When the resistance is touched, if you like the game, you can...
In recent trading days, the volatility of gold has been relatively small, and there have been no major ups and downs. At present, it can be treated as range fluctuations. The rebound is limited and basically the rebound has stopped until a certain point. The same is true yesterday. The rebound to the vicinity of 1975 is still falling downwards, while the...
Gold oscillated in the range from 1950 to 1975, there was very strong resistance around 1969-1971, and the support was around 1963-1959, so trading during the turbulence period can be carried out around these positions. If the upward attack around 1969 is under pressure and cannot be broken, then go short, around TP1963 If the 1959 support is not broken, go...
After failing to break through the 2000 level, gold fell below 1960. The overall trend seems to have weakened. However, what I want to say is that you still do not understand the intentions of the main players. Two failed attempts are actually a sign of accumulation of strength. When the market believes that the trend will continue to decline, the real rebound...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, GOLD is setting up for a short term upside move watch impulsive breakout of mentioned area and wait for retest and look for long position opportunity according to your own trading strategy this is just analysis. GOOD LUCK & GOOD TRADING
Gold fell after touching above 2,000 again intraday on Friday. As of the close, it was reported at 1978. During the transaction, I had already reminded my friend TP in the group. There are some small supports near 1977, but this support is not very strong. As long as the bearish power is strong enough, breaking this support is a high probability. I used the...
From a daily chart perspective, the price of gold has formed a double-bottom support at 1935 and is currently oscillating widely within the range of 1960-2000 in the short term. However, it is my personal belief that the market will still form a breakthrough to the upside. I recommend buying long positions on dips between 1960-1935 at the opening of next week...
Risk aversion broke out again. Gold rose sharply in the U.S. market yesterday, breaking through the resistance level of 1961-1965. It was under pressure in 1983 and remained in a range today. There is weak support around 1975-1973, and the best support is in the range of 1957-1961. If it falls here, as long as there is no news that is not good for gold, there...
hello traders lets see i am expecting few drop on gold wait for the break we will try to fill up the imbalance just comment down below and follow for more to learn
The 30-minute level of gold is similar to a double-bottom pattern, and long-term trading can be carried out. First, look at the resistance in the 1945-1953 range. If it breaks through, you can focus on the 1961-1957 range. Trading straregy: buy:1937-1945 tp1:1948-1953 tp2:1957-1961 I will track the market changes in real time and give a suitable trading...
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,...
The sequence of events leading up to the collapse of SVB Silicon Valley Bank is as follows: SVB Silicon Valley Bank was one of the top 20 banks in the United States, with over 40 years of operation and total assets of $211.8 billion as of the end of 2022. As its name suggests, the bank primarily served technology startups and employees of large companies in...
On Friday (March 10th), the US Bureau of Labor Statistics released data showing that the US added 311,000 non-farm jobs in February, lower than the revised previous value of 504,000, but much higher than the expected 205,000. The unemployment rate in February rose to 3.6%, higher than the expected and previous value of 3.4%. The average hourly earnings in...
Emotionless; no preset position; strict stop loss and win win; absolute discipline; capital and risk control; the market will tell you how to operate, and will not leave you behind. Earn unknowingly and unknowingly benefits. After the sharp fall of gold, there is a V-shaped reversal, and the market sentiment is chaotic. At present, it can only be said that the...
Do not be deluded into thinking that every transaction will be perfect. Profits and losses need to be balanced, gains and losses need to be felt. Investing in the market is like traveling, always in a hurry, with so much confusion and hesitation. Only by calming down can we dispel the clouds that obscure our vision and quietly enjoy a cup of tea, and only then...
In trading, we may have short-term profit goals, but long-term goals are built on the foundation of short-term profits. Without short-term profits, long-term goals are meaningless. Therefore, we need to balance short-term and long-term goals to achieve steady and sustained profitability. After Powell's speech, gold continued its downward trend and hit a...