The price of gold is still in a bearish trend. It mainly insists on high altitude. 2000 points is a threshold. The K-line is difficult to overcome in the short term. It is as simple as that. The market has verified it countless times. The big Yinxian has fallen sharply. How can the K-line rise? Short selling at 2000 points Operation strategy: short gold 2000,...
The lowest price yesterday was 1986. Now it mainly depends on whether gold can fall below the ascending channel and reach around 1965, our final target. The trend on Wednesday was generally a rise and a retracement. The high pressure before 2009 above suppressed the gold price. This week, it entered a double top pattern near 2007. The hourly level directly fell...
The hourly line of the gold price still remains under pressure, and even if it rebounds, it is not strong enough. The gold price once rebounded to the 2007 line, and it is the same today. It has become a double top situation near 2007, and the K-line is still struggling fearlessly, so go short directly. Already shorted in 1998 Operation strategy: short gold at...
Yesterday, gold reached the highest level of 2007 and fell back again. Currently, the three tops of 2009 are obvious. As long as gold does not have a physical breakthrough before 2009, it is still mainly short selling on rallies. Do not pursue longs above 2000 points. The 1997 long order provided by gold yesterday successfully stopped the profit in 2006. In...
Technical Outlook for XAU/USD Gold experienced a swift decline during Wednesday's trading session, pulling XAU/USD back from the $2,000 level to test $1,990, dropping below the 50-hour Simple Moving Average (SMA). Despite Wednesday's price pullback, gold continued its upward momentum, with XAU/USD rising over 3% from the recent low near the 200-day SMA around...
World gold spot price is around 1,991.9 USD/ounce, down 0.92 USD/ounce compared to overnight. Gold futures price for February 2024 on the Comex New York floor is at 2,013.3 USD/ounce. However, experts commented that the decline in gold prices was stopped by expectations that the US Federal Reserve (Fed) had ended the cycle of raising interest rates. Lower interest...
Gold mitigates its losses as the US dollar continues to decline in early Friday's Asian trading session. With no economic data scheduled from the US on Friday, and Wall Street set to close, XAU/USD is trading around $1,992, remaining unchanged for the day. While gold still hovers near the $2,000 mark, it struggles to sustain above it. However, a crucial level to...
Xauusd buy side move 80 % trend up side .......................................................................................................
Since there is no data today, we will only do technical forms. The current trend is still short. It is expected that there will be a wave of decline after the US market opens. You can continue to short and set SL to control risks. Because the U.S. trading time usually fluctuates greatly, if you make a mistake in judgment, setting SL can also avoid some losses,...
Before the opening of the US market today, I informed everyone on the channel to go short and make a perfect profit. Congratulations to the friends who followed, you reaped profits again today! The current pattern has formed a double top, and it rebounded quickly to try to break through the resistance, but failed. Therefore, in terms of trend, it is now short....
➡️Gold prices surged to a three-week high of approximately 2,000 USD per ounce due to a boost from short-selling activities among gold futures traders and discouraging reports on home sales in the US. This upward trend persisted even after the US Federal Reserve (Fed) hinted at maintaining higher interest rates in the immediate future. ➡️In the minutes from the...
The rapid decline in gold during Wednesday's trading session saw XAU/USD slip back from the $2,000 threshold to test $1,990, falling below the 50-hour Simple Moving Average (SMA). Despite the pullback on Wednesday, gold continues to advance, with XAU/USD up over 3% from the recent low near the 200-day SMA at around $1,931. The $2,000 level proves to be a...
Today is Thanksgiving Day, so gold prices will not fluctuate significantly. According to technical analysis, the H4 stochastic is decreasing, the H1 stochastic has also entered the overbought zone, so today we will surf to make good profits. TVC:GOLD SELL 1995-1997 TP1: 1990 TP2: 1987 SL : 2000 TVC:GOLD BUY 1985-1983 TP1: 1990 TP2: 1993 ...
Gold (XAU/USD) has revisited the daily high, reaching $2,006.48, but the key resistance level at $2,000 proves to be a formidable target. The precious metal is experiencing a return to a bearish trend as investor sentiment fluctuates throughout the day, marked by uneven market exposure. The yield on US Treasury bonds witnessed another sudden surge on Wednesday,...
Yesterday, the U.S. market finally reached the target level, which is the 1970 line. The current K-line rebound is still empty, especially the K-line rebound in the early trading, which was suppressed by 1993 above, but it is only a rebound, not a reversal. We are still continuing 1995 The bottom is empty. As long as this position is not broken, there is reason...
Now Calculation this signal on support and Resistance Base.... ENTRY POINT : 1994.36 Take Profit : 2005 Stop Loss : 1983
Gold prices rallied, breaking above $2,000 in the early hours of Wednesday's Asian trading session. The surge in the precious metal was fueled by lower US Treasury bond yields and a weakened US dollar. Gold spot prices experienced a significant boost on Tuesday, rising from below $1,980 to near the crucial resistance level of $2,010. This upward momentum occurred...
➡️ After yesterday's sharp decline followed by a rebound, H1 gold is once again showing an upward trend, as it closed above its most recent high. However, the most recent H1 gold bar closed above the upper Bollinger Band, suggesting that the price may have entered an overbought territory, increasing the likelihood of a pullback rather than a continued advance....