Hello everyone, I am Kelly, I have been engaged in trading for 13 years, my accuracy rate is above 83%, I am good at technical analysis, follow me and make money together! Gold has built a double bottom in the early stage. Although it fell partly today, the structure has not been destroyed, so it is still in an upward trend. I prefer and am better at grasping...
Dear Traders, After looking at how price has behaved strangely suggesting a possible price reversal, if price drop it is likely to have. a swing bearish move since there is no strong reason for price to retest the 2277 region as it already has done once. There is another strong possibility is that, below price area of 2270 needs to be filled so we can expect...
Today, the gold price fell directly from the opening price of Friday's closing price of 2332. The current lowest price has reached 2314. The key support below is near 2314, which is the current watershed of gold price. The overall market is still in the 2310-40 oscillation range. If it falls back by 13-14 for the first time during the day, you can consider taking...
Gold is moving in a Descending channel near the Resistance zone($2,337-$2,318) . In terms of Classical Technical Analysis , Gold has managed to form a Symmetrical Triangle Pattern , which indicates the continuation of the Downward Trend . I expect Gold to continue falling(Probably with two scenarios) after breaking the lower line of the Symmetrical...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) dropped at the start of the week due to the Federal Reserve's surprising hawkish stance. The Fed lowered its rate cut forecast from three to one, resulting in higher US Treasury bond yields and a stronger US Dollar (USD). This caused investors to move away from gold, which doesn't...
This is what I am basing mine on for the bear market (I am basing mine on what I believe to be true!) Technical Section: Expanded Flat in play Pattern = Double top Target 1 = $ 2300 Target 2 = $ 2280 Target 3 - $ 2200 Invalidation level = $ 2471
The monthly rate of US retail sales is bullish for gold. Gold has seen a wave of gains, but then it rose and fell. This is the main theme recently. The positive data of gold are all rising and falling. The rebound highs cannot break through the new highs, and the trend is still downward. Therefore, we are mainly bearish today. Don't rush to enter now. Wait for...
Gold first tested the pressure near 2326 during the day, and then the market fluctuated and fell again, breaking through yesterday's low of 2310, and the low fell to near 2306. It has rebounded since then, but the longer moving average on the hourly chart is more obvious, which strengthens the possibility that gold will need to break through 2300-2290 technically...
Today, as the U.S. May sales monthly rate was bullish for gold, gold rose rapidly in the short term. Our long positions near 2317, 2310 and 2306 respectively hit TP2319 and took profits. Very beautiful trading results. In today's gold long trade, my profit totaled more than $25K. Very good trading results. According to the current short-term structure, gold...
TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! CME:BTC1! NYMEX:CL1! NYMEX:WTI1! The current position of gold price is generally under some pressure. But once it rises, I think there is still a lot of room. The operation is mainly to buy at low levels. The low level around 2322-2323 is suitable for conservative traders to trade. Newbies should not engage in...
Looking from the chart Gold has hit an upper limit in the channel and it's coming down from here... MAy God help us as we stick to our plan and take max profit. Remember, in coming down there will be little pull backs but do not fright... Follow the plan. Stay safe
IN view of PRICE ACTION gold is making higher low and lower low now it has made of new higher low before making a new lower low it has to retrace first upto previous lower low before BOS And it retraced to that region even it retested that region which is in favor of selling gold
Good evening, everyone. I'm Kelly. Let's continue trading. Now we still hold a long position in gold. The price has reached the resistance level of 2332-2336. It is normal to fall back when encountering resistance. The support is at 2326-2322. In the process of falling back, as long as it does not fall below the support by a large margin, it is still an upward...
Gold did not directly break through the previous high of 2340 at the opening on Monday, but fell directly. Gold does not have enough momentum to support its continued rise, and it is still fluctuating in a large range. Gold is still fluctuating in a large range in 1 hour, and has not broken up either up or down, so we continue to control the rhythm of selling...
Here is an update to follow up on my Gold analysis in the AM. I missed some good pips in a sell and that is okay. I've caught some good ones too. Feel free to ask questions in the comment section
The current market is still volatile, without any breaking behavior. In fact, since the start of London trading hours, there has not been a good opportunity to participate in market transactions, and it has been fluctuating around the 2315-2323 area. However, judging from the strength of today's rebound, the upward momentum of gold is obviously insufficient,...
On the 1-hour time frame, the DXY is ranging between 105.505 and 105.774. If the market breaks below 105.505, we anticipate buying opportunities in the gold market. Conversely, if it breaks above 105.774, we expect selling opportunities in the gold market. This is my current perspective on the DXY. From these key levels, the market has been respecting. Last week,...
Fed officials unexpectedly forecast only one rate cut this year and pushed back their forecast for when they would begin cutting rates until perhaps December at the latest. The stance heightened market uncertainty about the direction of the Fed's policy. While U.S. inflation data showed weaker price pressures, it was not enough to weigh on the dollar. The dollar...