Dre_Manuel

Dre_Manuel Updated 

Dear friends, after touching the channel pressure near the 2036 position today, gold fell again under pressure. The current lowest has touched the 2011 position, and is currently testing the support strength of the triangle channel. In recent days, I have been reminding everyone in my articles that gold is under short-term pressure from the triangle channel...

Dre_Manuel Updated 

Dear friends, gold has fallen back to the 2020-2015 area as expected. I have advocated short gold in recent trading days, and we have also made relatively good profits in the gold short position. Gold is currently under short-term pressure in the 2030-2032 area of the day's high, so in short-term trading, we can short gold around the 2026-2030 area. At...

Dre_Manuel Updated 

Dear friends, after hitting near the 2019 position, gold then rebounded and is currently trading near the 2029 position. Has gold stopped falling, stabilized, and started rising again? In fact, compared to the current gold, before gold breaks through the 2040-2045 range, gold as a whole is still in a short pattern. Only when gold rises and breaks through the...

Dre_Manuel Updated 

Dear friends, after gold rebounded to a maximum near the 2039 position, it then fell back and hit a minimum near the 2022 position. At present, it has rebounded relatively and is trading near the 2029 position.In fact, compared to the current gold market, the market has been keen to kill a group of staunch short supporters and long supporters in the past two days,...

Dre_Manuel Updated 

Dear friends, today gold hit its lowest level near 2006, and then rebounded. Currently, gold has rebounded to near 2023. Is the power of gold bulls returning strongly? Will gold hit the 2050 position again? In fact, the current rebound in gold is mainly due to the following reasons: 1. The conflict in the geopolitical situation has led to an increase in...

Dre_Manuel Updated 

Dear friends, the U.S. dollar has been in a strong position recently, and judging from recent economic data, the U.S. economy is not that bad, and the market's expectations for interest rate cuts have once again decreased, causing gold to come under pressure. Gold has been falling all the way and shows no signs of turning back. Gold is currently trading near the...

Dre_Manuel Updated 

Dear friends, gold has fallen in the short term and is currently trading near the 2033 position. I guess there must be many friends who are shorting gold at this position and believe that gold is no longer strong and has begun to turn into a downward trend. In fact, I don’t think so. Although the US dollar has returned to strength and gold has been under...

Dre_Manuel Updated 

Dear friends, gold is currently trading near the 2055 position. For the current trading plan, I mainly focus on shorting gold near the 2055 position, and then add positions to continue shorting gold after gold rebounds to the 2060 area. We can see from the chart that although gold rose on Friday, it closed with a long upper shadow line. The rebound was not...

Dre_Manuel Updated 

Dear friends, today is Sunday, and tomorrow will usher in a new trading day. On Friday, gold took advantage of the influence of the geopolitical conflict situation and PPI data to rise to a maximum of around 2062, and even increased by a full $30 to around the market opening position of 2030. To be honest, this wave of gains was unexpected to me, and I did not...

Dre_Manuel Updated 

Dear friends, gold is currently affected by geopolitical conflicts, which has led to a surge in risk aversion in the market, thus stimulating the rise of gold. Gold has reached its highest level near 2054 and is currently trading near 2050. From a technical perspective, gold has now broken through the downward channel, and the bullish energy has regained its...

Dre_Manuel Updated 

Dear friends, today we made very good profits on both long and short gold trades. In particular, under the influence of CPI and initial jobless claims data, gold fell directly to near 2025 after briefly touching 2045, hitting my expected profit target of 2026 in one fell swoop. After the initial jobless claims data and CPI data were released, gold hit the 2025...

Dre_Manuel Updated 

Dear friends, First of all, congratulations to everyone who followed the long gold trading yesterday and made a good profit.After gold rebounded to around 2035, it then fell back. It is currently trading near the 2031 level. We can see that gold has been particularly weak during the rebound. Moreover, the position of 2035 happens to be the pressure at the channel,...

Dre_Manuel Updated 

Dear friends, gold is currently trading near the 2029 position. Although the current overall trend of gold is still biased towards the short trend, for the short term, gold has consumed too much short energy near the 2030 position, so the current downward trend of gold has If the trend slows down, then gold may continue to rebound upward with the support of the...