Gold fell directly below 1970 during the European trading session, with its lowest position touching around 1965. As I said before, as long as gold remains above 1970, gold will likely organize a continued upward attack again. However, it is obvious that gold fell below the 1970 position and the rebound momentum has weakened, so we can determine that gold will...
It is now 11:30 am, I have announced my current trading plan in the channel, and I have executed the transaction according to my own trading plan and logic, so the next thing we have to do is to wait patiently for profits. I believe this deal can bring us a relatively substantial profit. Gold is currently trading near the 1977 position. Looking at today's gold...
Let’s first review the overall trading situation this week. A total of 18 transactions were generated this week, two of which experienced small losses, and the other 16 transactions achieved varying degrees of income, with a total income of $18.3K.I am only 1.7K away from achieving a stable profit of $20K per week, which is overall a good result. According to...
This week, gold returns close to 40k, gold once rose to 1993 in the case of CPI data, then fell back to 1980 near, next week focus on the 1980 support to break the situation! Currently there are orders do not know how to operate friends, you can pay attention to me, I will answer for you!
I have mentioned all the buying reasons why to buy GOLD in coming week. Do your own analysis before taking trade on it.
Jobless claims helped gold rally again yesterday as data showing a softening labor market, combined with recent inflation data, reinforced the view that the Fed is unlikely to raise interest rates further. These negative US economic data exacerbated the decline in US Treasuries, which in turn caused the price of gold to soar. The daily level, the Bollinger band...
Today I gave you a trading signal in the channel. We first consider shorting gold with 1990 as the resistance, TP: 1981;Obviously, after the US market started, gold fell in the short term and perfectly hit my expected profit target. Including the short position we added, we easily made a profit of 10 points in today's transaction. I'm very happy to be able to make...
Gold came under selling pressure on Wednesday as US retail sales fell at a slower pace than expected in October. The reason for the pullback in spot gold after hitting a weekly high of 1975, failing to hold above $1970, is mainly due to the rebound in the US dollar and the rebound in US Treasury yields. Spot gold fell on Wednesday, retreating from a high of...
Hello everyone, today I mainly gave you two trading ideas. The first is to short gold using 1968-1970 as a defense, TP: 1962.5; obviously, we easily made a profit of 6 points;The second is to continue short gold in the 1984-1986 area after gold rebounds. At present, we continue to hold this short order and have made a certain profit. However, my expected profit...
Initial jobless claims are about to be announced. From a technical perspective, the trend of gold today is biased towards the short side, but there is uncertainty in the data. If it is negative for gold, then it will follow the trend and have a sharp decline, and it is expected to fall below 1950. If the data is bullish for gold, there is a high probability that...
It is now 10:12 am. I woke up this morning and found a surprise. I shorted gold in the 1964-1966 area last night and hit my expected profit target of 1959-1958 in the morning. Although the profit was not much,it is indeed a surprise for us, and it is also a wonderful start to the day. Now that I have developed a new trading plan and have executed transactions...
Hourly candles see the OANDA:XAUUSD knocking back into the 200-hour Simple Moving Average (SMA) after a failed bid for higher chart ground, slipping back from Wednesday's weekly high set at $1,975. The 50-hour SMA is showing a mixing of near-term momentum, consolidating with the longer moving average near $1,960. On the daily candlesticks, the XAU/USD is...
Yesterday, the Federal Reserve released CPI annual rate data performance is relatively poor, below market expectations. The dollar fell in response. Gold rose on the day. Early this morning, 1961-1962 straight up. Continuation of yesterday's trend, the horizontal directly broke 1971. Programme: 1977-1980 empty, objectives 1970-1966:; Step back 1966-1963 more. If...
Today I gave a trading idea in the channel, which mainly uses the 1980 position as a defense to short gold. The specific trading signal is to short gold in the 1974-1976 area, TP: 1964. Obviously, after the PPI data was released, gold rose to the area where we shorted gold, and then fell directly to my expected profit target of 1964. We easily made a profit of...
Today it started to rise after backtesting the support of 1961. Now it faces the resistance of 1974 and is trying to break through. From a morphological point of view, the probability of breakthrough is greater, so the transaction should be to fall back and go long ( 1971, 1969, 1966 ), with the target set at 1979, 1984, 1987.
The first trading idea I will give you today is to focus on long gold at low levels. Gold is currently hovering around 1970, and its trend is relatively tangled. In fact, according to the current trend structure, as long as gold does not fall below the 1960 position, the short-term structure is bullish for gold. But as for gold as a whole, as long as gold does...
Today, under the influence of CPI data, gold pulled up from 1944 to near 1970, followed by a continuous pullback, the current price 1962, the follow-up focus on the lower 1944 support level, we can short near 1965-1970, and long in 1950-1955! If you are confused about trading, please join me, I believe you will have a great harvest!
Today I gave you two trading signals in the channel. One is to go long gold directly in the 1944-1942 area, TP: 1955; the other is to go short gold based on the short-term resistance of 1970. I notified everyone to close their positions near 1963. Because the CPI data helped gold violently rise and hit around 1970, we easily made a profit of 10 points; in...