After the United States released mixed economic data, the U.S. dollar fell slightly, giving gold some support and maintaining a stable situation. A report from the U.S. Department of Commerce on Thursday said that U.S. gross domestic product (GDP) grew at an annual rate of 1.6% from January to March, lower than the 2.4% expected by economists polled by Reuters....
First, let’s summarize this week’s trading situation. There were a total of 22 transactions in this week’s trading day, of which 3 transactions suffered losses, with a total loss of about $3.4K. Almost all of the other 19 transactions were made by hitting TP and making a profit. It is about FWB:67K , so the net profit this week is $63K, and the trading winning...
The golden day line closed high, closed a small Yin K line, two consecutive days this week around 2390-2393 area shorting have gained, high adjustment market, after the second high, failed to close strong, or break high strength, short term is to convert downward, the weekly line is as expected to touch the high line and then pressure. Gold is currently under...
2370 more As long as the k line falls back, we are running more, as simple as that Gold does not fall back, there is no chance to dry more, the afternoon market to force, directly down 2370 line, we more The k line has always stabilized above the average line, always standing position, the average line runs steadily upward like a rock, the overnight gold...
On Tuesday (April 23), during the European trading session, gold continued the decline of the previous day. Spot gold remained volatile after falling sharply in the Asian session, falling as low as $2,295.49 / ounce. More bulls took profits amid a pullback in gold prices as easing fears of conflict in the Middle East boosted investor risk appetite, reducing...
Gold is currently under temporary pressure after the price fell below the previous high shock range on the daily trend. The short-period moving average remains in the recovery of shocks, and is still slightly weaker on the daily trend. The current range compression in the 4-hour trend is relatively small, and the short-term moving averages are basically in a flat...
have a good weekend! The market trend throughout the whole day on Friday was still quite weak, with a unilateral rise followed by a zigzag decline. The overall price fluctuated within a range, with a range of only 26 US dollars, which was similar to Wednesday's fluctuation range, but the difference was that the movement was in an inverted V shape, 2351 -52...
Hi traders, Last week XAUUSD did exactly what I've said in my outlook. It made another drop to finish the bigger correction down. After that it went up very corrective. So for next week we could see another drop to finish a bigger complex pullback. Let's see what price does and react. Trade idea: wait for a clear direction to trade. At the moment it's not...
At the present, XAUUSD is trading at 2338. The market sentiment appears to be cautiously optimistic as the price is approaching the resistance level at 2330, indicating a potential bullish momentum if this level is breached decisively. Resistance Levels: 2353: If XAUUSD manages to surpass the resistance at 2353, it could signal a significant upward movement. This...
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Looking at the current GOLD trend which is increasingly showing a downward trend. Geopolitically, the Middle East is stable amid the issue of massive demonstrations on American college campuses, but this has not had a significant impact. . We will continue to monitor market patterns and also the formation of price action on XAUUSD, considering that next week a lot...
Looking back in time to the last major consolidation of Gold from June 2013 to March 2020, we can see Gold make a significant rally from the Last Point of Support, after encountering the 50-period moving average. I see a similar scenario playing out, as per the chart. If we extrapolate the prior rally to the current price movement, then 2626 would be the...
Trading is a trial and error process! In the case of continuous errors, the main problem is the shrinkage of funds and psychological suffering! A trader must reduce the probability of mistakes, because your profit comes from someone else's loss. That is to say, when someone makes a mistake, there will be profits for people to earn in the market, but you can't...
On Wednesday (April 17), spot gold maintained a volatile trend, reaching a high of $2394.22 and a low of $2372.61. It was trading at $2,381.69 an ounce, down 0.02%. Gold has regained traction after rebounding from last week's all-time high of $2,431 and once again falling below the psychological level of $2,400 an ounce. Overall gold market sentiment remained...
There have been a series of incidents in the Middle East in recent weeks, including the conflict between Israel and Iran and an attack on Saudi Arabia. These events have raised concerns about geopolitical risks in the market, which has given gold prices a certain boost. However, if these events are mitigated, gold prices could see a pullback. Economic data...
Analysis of the latest gold market trends: Analysis of gold news: On Tuesday (April 23), spot gold maintained a sharp decline during the day and rebounded sharply during the US trading session. The price of gold is currently around US$2,319 per ounce. Gold prices slipped to their lowest in more than two weeks on Tuesday as concerns over an escalating crisis in...
Trend analysis: Yesterday we have defined and emphasized the market trend. The current market trend is biased towards short positions, so the operation still needs to be high-altitude. If the market in today's early trading continues to break down strongly from Monday and Tuesday, then the market is still dominated by strong short sellers, but in terms of the day,...
Gold technical analysis The overall market in April showed relative strength, rising from 2230 to 2430, setting a record high. The current price is hovering around 2330 and is expected to remain near 2330 at the monthly close, which is the 50% level of the rally. Therefore, the trend in May is likely to rise first and then fall, continuing the rise and then...