⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) has recovered some of its losses as the US dollar (USD) continues to decline in the early Asian session on Friday. No economic data was released from the US on Thursday. Currently, the gold price is trading at around $1,992, with no change throughout the day. Moving forward,...
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...
Gold 1990 more profit, European rally 1995 empty! Gold day up weak, has encountered the pressure of 1998, 1991 near more profit out, strong no longer strong will turn weak, European began to short! So 1995 began to short bear, now the support is 1988, once the break, the depth of the pullback opened! The United States focus on this position support can! From...
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...
Key indicators of changes in market sentiment on Wednesday also included a report of a decline in the number of people applying for unemployment benefits, which hit a five-week low of 209,000 (lower than the expected 225,000), indicating a tightening labor market.In addition, the University of Michigan's inflation expectations report is even worse. The report...
➡️ In the last trading session, buyers made an effort to retest the peak slightly above 2000. Unfortunately, they couldn't surpass this resistance level, leading to a sharp price retreat. Despite these developments, there are no discernible new signals to capitalize on at the moment. Our strategy remains cautious as we refrain from taking impulsive actions and...
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...
Analyzing Gold: Technical Insights and Economic Data Examination Gold traders faced a tumultuous session as the anticipated AB=CD Formation led to a Double Top on the H1 timeframe. The recent breakout of the neckline, coupled with a retest, signals a potential downtrend continuation. The Greenback's rebound from three-month lows played a pivotal role, driven by...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The recovery in the price of gold (XAU/USD) has lost its momentum after pulling back from $2,006 earlier in the Asian session on Thursday. The positive US consumer sentiment report has led to an increase in US Treasury yields and a stronger US Dollar, which has attracted some sellers of the yellow...
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....
Hello guys Everything is shown on chart Take position and take PROFIT Good Luck AA
Waiting for gold to drop around 1940-1920 area in the long perspective.
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...