XAU-USD was trading below The falling resistance But now we are seeing A bullish breakout so I am now locally bullish Bias and I think that we Will see a further move up !
The 4-hour moving average of gold began to turn around, and gold had a 4-hour double bottom structure, and gradually stabilized. Gold did not fall further, but gold only fell to the 2317 line and stabilized and rose again.
Yesterday, on Monday, we believed that investors' expectations of the Federal Reserve delaying an interest rate cut still put pressure on gold. However, there was little hope for a ceasefire in Gaza, and risk aversion sentiment increased, supporting gold's rebound. The upper pressure focused on $2,328, followed by $2,340, and the lower Support is focused on...
After the repeated fluctuations last week, gold is currently in a relatively weak state. Although it is weak, it is not a unilateral decline. Therefore, it may continue to fluctuate this week. Then, if there is no absolute unilateral situation this week, it will Look at the shock range. From a technical point of view, the daily line continued to be negative last...
Last Friday, gold saw a sharp rise and fall in the early trading, and then the US market entered a sweep, sweeping around 2372-2402. It tested the resistance of 2402 again in the late trading and then fell back under pressure to hover around the 2390 mark. The price started to fall under pressure after confirming the resistance in the 2388-2389 area in early...
World gold spot price stands around 2,325.7 USD/ounce, up 1.7 USD/ounce compared to yesterday's trading session. Gold futures price in June 2024 on the Comex New York floor is at 2,336.6 USD/ounce. At the beginning of the trading session on May 6 (US time), world gold prices increased sharply in the context of improved risk aversion among investors. Adrian Day -...
Gold fell by 2225 yesterday. Gold fell quickly and was harvested instantly. Is it cool? We directly charge more at the current price of 2374 Gold was blocked in the 15-minute short-term adjustment and fell back, and gold began to fluctuate in the short-term. Pay attention to the support near 2365 before adjusting to go long. If the upper rebound of 2390 still...
Gold has a 30-minute head and shoulders structure. Although the rebound is slightly stronger, it still has not changed the pattern that needs to be adjusted. The current price of 2383 continues to be short! Gold is still just rebounding now. Yesterday's negative line was at the top, that is, yesterday's opening price was around 2382. The rebound did not break...
Gold won three consecutive times yesterday, 2353 was bullish and harvested. After the US CPI data, 2351 continued to be short. Gold fell again and harvested. Gold's long and short wins were two consecutive. It followed yesterday's three consecutive victories. Gold won five consecutive victories. Gold can't go up. , the short-term has peaked, and the rebound...
H4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 06 May 2024. -> Swing: Bearish. -> Internal: Bearish. Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for...
Yesterday, we achieved two consecutive victories in gold, first short and then long. Gold is still bullish overall, and it continued to fall back to the long trend in early trading. Gold bottomed twice in 30 minutes near 2362 and the support stabilized and rose. Today it stepped back on the 2362 support and stabilized and continued to do more. Gold's long-term...
Affected by the risk aversion sentiment, gold rose by more than 40 US dollars in the short term. Once the risk aversion was over, the gold price returned to its original level. The two waves of market movements were very large, and we also made a small profit during the period! From the current market point of view, gold has basically stabilized the support of...
This wave of gold is the creator of history. Both the amplitude of the increase and the rhythm of consecutive new highs are unprecedented in the history of gold. At the time of writing this blog, gold has soared to around 2353. There is no top for the large unilateral rise in the market. It can be said that a small technical retracement is as high as 30 points....
According to the latest data from the World Gold Council (WGC), gold demand in the first quarter (excluding OTC demand) decreased by 5% over the same period to 1,102 tons, due to capital inflows from exchange-traded funds. Gold-backed ETFs continue to flow out. While including the sizable OTC buying activities of investors, total gold demand increased by 3% over...
The 4-hour moving average of gold is still in a downward bearish position, and the gold shorts are not over yet. Gold has fallen back quickly after every recent surge. The situation is still controlled by short sellers. Don’t be fooled by the strong rebound of gold bulls on the surface. The rebound is a better opportunity for short sellers.
H4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 12 May 2024. -> Swing: Bearish. -> Internal: Bearish. Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for...
Gold rebounded again after touching 2304 during its decline today. Gold still held the 2300 mark. Judging from the recent trend, gold has experienced twists and turns during its decline, and it is obvious that there is still strong support below. The first is the support at 2305 and 2303. Many people will even look at the 2300-2298 area support as much as...
In the past two days, we have been emphasizing that the short position in gold has just begun. Gold has fallen sharply in the past two days. Gold was originally expected to rebound near 2340 and was short. Gold fell directly to 2335 and fell below 2300 to a new low. It rebounded to 2313 and was directly short. Gold fell again. The gold short position has won six...