The upper resistance level sees the Fibonacci 61.8% retracement level $1582 After the breakthrough, it may further bullish to the previous high of $1611
Gold ETF positions have recorded growth for 15 consecutive days, setting the longest consecutive rise since October last year, indicating that bulls are still strongly willing to bullish gold. Driven by trend-buying and investors preparing for a potential fall in the stock market, gold prices are expected to rise above $ 1600 in the next three months. In early...
The nasdaq is currently about 18% above the MA200, which is the most extreme reading levels in market, the next two weeks should show weakness. Also, under the corona virus,most of the catering , retail and tourism industries loss a lots of profits around 30-50%, the effect should come out soon, DXY upper resistance locate in 99.22, also locate in over brought...
Nice standing in MA20, DX and stock market are both have potential to reverse, Newly virus in the mainland breaks 59,000 cases, surges more than 10,000 in a single day with 1,360 deaths.
At present, there are more bears in the gold market than bulls, mainly because the corona virus is under control. In addition, the Fed chairman speech said that the U.S. economy is performing steadily and well. The price of gold is still consolidating. The volatility has been weak. With the stock market and the US dollar rising, the interest of gold has turn weak...
Above 1561 bullish with target price of 1572 and then 1579
It depend on result of the ADP and NFP report, that 2 places are good area for take long / sell after the result come out
If the price continues to be higher than US $ 1557.80, it indicates that the gold bulls are strong, and the resistance near the top is 1564.10 / 1570.70. If the market break 1572.80, it means that gold will strengthen further in the future. If the price of gold trades below 1557.80, it indicates that gold is short, and the support below is near 1550.30. After...
500 index is currently trading orthogonally near the new high, The market may be short-term callback. The near-side support is around 3293. After the break, the further support level is near the low of 3210 at the end of January. Conversely, if gold can hold above this support level 1557 , then gold may rebound to around 1562 / 1565 / 1576
The Fibonacci 61.8% retracement level is currently being tested at the level of 1575. If the resistance breaks, then the channel will be on the upper track, followed by the Fibonacci 78.6% retracement level of 1582.
gold price rebounded for two consecutive days after testing the Fibonacci 38.2% retracement level at 1548, and is in the shape of a triangle. If the price of gold continues to rebound, the closest resistance level above is Fibonacci's 23.6% retracement level of 1572. After the breakthrough, it may test the resistance near 1611
The United States bond have clearly entered the negative range. Although this is not the first time, the yield of 5-year (TIPS) fell below zero in January. It fell to -0.28%, the lowest level since 2018. Generally, negative are a signal that investors are concerned about any event that may disrupt economic growth. In fact, high real yields are not conducive to...
The key support below is the Fibonacci 50% retracement level and the key low support of 1564. Breaking below this level means that gold has formed a low Move, for further support see Fibonacci 61.8% retracement at 1557. If the price rises, resistance sees a 23.6% Fibonacci retracement at 1579, followed by a previous high of 1592.
If the price of gold stays above 1572, the resistance will be 1590/92 high in the future or before the test. After breakthrough, it will be bullish to the high of 1611 soon.
The price is short-term downward, falling below the lower-track support of the rising channel. At present, the price is currently at the Fibonacci 61.8% callback level of 1574. The MACD indicator shows that the downward pressure on the price is greater. If the support breaks, then See 78.6% Fibonacci retracement at 1569, followed by a previous low of 1563. If the...
30m chart of gold, the price fell short-term, rebounded after stepping on the support of the trend line. From the perspective of the trend, the probability of continuing to rebound is higher, and the resistance above is at 1583, followed by the previous high of 1588.