Dear friends, gold hit its highest level near 2288 and then fell back. It is currently trading near 2271. Gold is currently showing an irrational market. On the one hand, due to the situation in the Middle East and the expansion of the conflict between Russia and Ukraine, safe-haven assets have been rushing into the market. On the other hand, silver and oil have...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Break of Structure Completed " 12345 " Impulsive Waves Fibonacci Level - 161.8% RSI - Divergence Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line
GOLD MARKET UPDATE : Can a sustained rate cut outlook maintain Gold's rally? - Gold hit its all-time high yesterday after the JOLTS Job Openings release. - The data showed a more steady result with 8.756 mln job openings, up 8k from the previous month. - However, the data may not have been sufficient to alleviate concerns about the US labor market's overall...
Gold is currently under pressure at MA5 (2252-2254). If it breaks through, focus on the resistance of 2258-2263, and the support below is 2246-2241. If it falls below the support, consider the 2226-2218 range. If it falls to around 2226-2223, you can try to trade long and pay attention to controlling the position. The rebound resistance will be concentrated at...
After the opening of the Asian trading session on Monday (April 1), spot gold rose sharply, with the gold price reaching a maximum of $2,265, a record high. Global geopolitical tensions are one of the reasons for the rise in gold prices, and investors may consider gold as a neutral reserve asset. Strong safe-haven demand, expectations of U.S. interest rate cuts...
The dollar continued to rise, reaching its highest level in more than four months, hitting as high as 105.07 on Monday, its highest level since November 15, making gold more expensive for holders of other currencies, while the 10-year U.S. Treasury yield also rose. The U.S. economic data is relatively stronger than that of other developed economies, and after...
Dear friends, due to the escalation of geopolitical conflicts in the Middle East due to the Israeli air strike on the Iranian consulate, gold once rose and set a new historical high again, with the current highest reaching 2266.8. Judging from the current trend of gold, the position of 2267 is very extreme, because from a technical perspective, this position...
Gold continues to rise in Asian markets. Continuing to the London market. The current price of gold remains at 2261. Combined with the high point ahead, visual inspection shows a double top trend. This is not a good trading position at the moment. Focus on paying attention first. If it breaks through the previous high point and fails to stabilize later, you can...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Fibonacci Level - 61.80%
Gold retreated from its recent record high of $2,265.58 per troy ounce, initially gaining ground during Asian trading hours before reversing course in European sessions. Currently hovering around $2,250, XAU/USD finds support from the robust rally of the US dollar following better-than-expected US ISM Manufacturing PMI results. Technical analysis suggests that...
Today, gold opened higher, the highest hit near 2265, after the release of the United States March ISM manufacturing PMI, more dollar, bearish gold, gold once reversed today's gains fell to near 2228, the first price near 2240. Today, the operation of the last order gained 100 points, an order stop loss of 40 points, the overall profit is still profitable, the...
During the weekend session, the gold price did not fluctuate due to the market holiday, however this morning it continued to have a very strong increase, creating a large gap. Currently, it has breached the psychological resistance mark of 2250 and is sinking deep into the overbought zone. If it continues to go up, the confluence mark of 2300 will be a potential...
Gold prices sometimes slipped sharply in the past session, however when approaching the 2230 threshold and closing the gap, the price recovered strongly, currently back above 2250. This price behavior shows that buying pressure is still quite strong, It is likely that the price will continue to go up, the short-term target level will be around the 2300 threshold....
Dear friends, the current gold market has become an irrational market due to risk aversion and trend-following sentiments, so it is relatively more complex. Gold hit a high of 2265 overnight and then fell back. Then gold stopped falling near 2229 and then rebounded slightly. As of now, gold is trading near 2251. According to the current gold trend, there is no...
After gold has experienced a wave of decline, small-level indicators need to be repaired. Bulls can participate appropriately and pay attention to the resistance in the 2252-2258 range. If they cannot break through, close the order in time and switch to short trading.
Gold rose again after the opening of the day, and rose strongly to around 65, which also allowed the bulls to perfectly release the energy of the impact. At the same time, it is also very likely to continue to wash away the short orders that were stranded in the early stage, so the short-term counterattack will also It directly exhausted the energy of the...
Gold has directly risen by about 30 US dollars. If it rises higher, it will inevitably fall back. Look below 2230. Are you ready? Gold has directly risen by about 30 US dollars. If it rises higher, it will inevitably fall back. Look below 2230. Are you ready? The golden hourly line K-line deviates far from the moving average, and the K-line will inevitably...
Dear friends, gold has repeatedly broken new highs, reaching the highest level of 2265. Gold is still continuing its strong unilateral rise, but as far as current trading is concerned, I do not advocate continuing to chase gold. Because gold continues to be very overbought and deviates too far from technical indicators, there is currently a short-term need for a...