Short-termTaurus

Short-termTaurus

The market currently believes that the probability of a rate cut in March has dropped to below 50%. Expectations are down significantly compared to last week. The gold market continued to trade in a tight range as investors wavered over the timing of the Federal Reserve's interest rate cuts this year. A hawkish shift in U.S. monetary policy sent gold...

Short-termTaurus Updated 

Gold continued to fall below new lows yesterday, and the short trend continued. Gold rebounded today and continued to be short. Overnight gold went straight down, with a strong negative line throughout the whole process. It has already fallen below the level of 2015. Even if the K-line rebounded, it was swallowed up by the negative line and went downward....

Short-termTaurus Updated 

On Monday, international gold opened with narrow range fluctuations, and market transactions were light. The impact of factors at the end of last week has weakened. In addition, there is no focus on data during the day, and the trend will be guided by technical signals. Maintain the current trend after breaking through the short-term moving average and mid-track...

Short-termTaurus Updated 

Gold continues to fluctuate and adjust within a wide range. Technically, the gold price still maintained the 2016/46-week range operation, with repeated adjustments. The MA10/7 daily moving average moves downward and opens downward, and the RSI indicator still maintains the central axis adjustment. The price in the short-period four-hour chart is running in the...

Short-termTaurus Updated 

Gold is still dominated by short sellers, with the daily chart closing in the positive zone, the MA10/7 daily moving average suppressing the MA2038/47 opening downward, and the central axis of the RSI indicator adjusted. The short-period hourly chart and the four-hour moving average are glued together, and the price is running in the middle and lower rails of the...

Short-termTaurus Updated 

Gold fluctuates widely and there is no unilateral long and short wash. Today's trading also needs to enlarge the amplitude range. The trading idea still remains high and low. The daily chart closes negative and suppresses 45/52 below the MA10/7 daily moving average. The short-cycle hour chart and four-hour chart The reference is of little significance. There are...

Short-termTaurus Updated 

WTI crude oil prices may be reversing from the decline as the commodity price formed an inverted head and shoulders pattern on the hourly time frame. Prices have yet to break above the neckline around $74 a barrel to confirm the uptrend, and may be followed by a rebound of the same height as this pattern. However, technical indicators suggest that this decline...

Short-termTaurus Updated 

On Monday (January 8), international U.S. crude oil prices traded around $72.85 per barrel. U.S. non-farm employment growth in December exceeded expectations, prompting financial markets to lower expectations for an interest rate cut by the Federal Reserve in March. The risk posed by tensions in the Middle East is an important factor in the price rebound....

Short-termTaurus Updated 

Gold (XAUUSD): Last week's non-agricultural data was released, which was significantly negative for experts. Gold took advantage of the trend and saw a wave of washouts, with the amplitude reaching $40. Today opened at 2046, this position became today’s highest point, and shorts came all the way to 2030! On the daily K, the cross K was closed in a row, and the...

Short-termTaurus Updated 

On Thursday, U.S. ADP data came in much stronger than expected. The good data has brought new confidence to the U.S. economy and also caused a huge impact on the precious metals market. This month's NFP will be announced in the day, which will also be the highlight of today. Before the data is released, it is expected that gold will not fluctuate too much during...

Short-termTaurus Updated 

Oil prices fell in volatile trading on Thursday as U.S. crude inventories exceeded expectations and concerns about the Red Sea crisis eased. Crude oil's Xiaoyin cross K-line retraced yesterday and settled flat. In line with the rebound of the previous day's big Yang line, it did not make a further strong reversal upward, but went back down. At present, the daily...

Short-termTaurus Updated 

Gold has fallen below the 2050 long-short watershed and started a downward trend. Relying on the rebound pressure of yesterday's US market, gold will continue to be short and bearish at the 2048 position. The target below will focus on the support of 2030! Looking at the golden hour chart, the downward trend has begun, and the second period of decline is...

Short-termTaurus Updated 

Oil prices rose in Asia on Thursday, with WTI oil prices hovering around 73.6. Disruptions in Libya's top oil fields heightened concerns that rising tensions in the Middle East could disrupt global oil supplies, and international crude oil prices climbed about 3%. The two crude oil benchmark prices closed higher for the first time in five days, with WTI crude oil...

Short-termTaurus Updated 

As I analyzed in the morning, 2050 is resistance. After gold encountered resistance, it began to fall. Coupled with the suppression of ADP and unemployment benefits data, it is now down 10 US dollars from the high. A red rope candle in 4H swallowed up all the previous gains. In this case, the decline may continue. All I think is that the 2030 support may be broken today

Short-termTaurus Updated 

Gold adjusted and closed again with a small negative structure, and the U.S. index continued to rise. Gold and silver rebounded high. Gold fluctuated widely yesterday and rose sharply during the day. The European and American markets formed a surge and fell back to adjust downward and penetrated 2060 in late trading and fell to a low near 2055. The daily line...

Short-termTaurus Updated 

On Wednesday (January 3), crude oil prices were trading around $70.37 per barrel. As investors lowered their expectations for interest rate cuts, the dollar strengthened, putting oil under pressure. Oil prices fell on the first trading day of 2024, with international crude oil futures settlement prices falling by more than 1% as concerns that tensions in the Red...

Short-termTaurus Updated 

Gold is now supported by its decline, and there is demand for a rebound. The Asian market rose by $14! From the trend point of view, gold is now undergoing a shock adjustment trend after a sharp rise. It is expected to maintain a shock within the range of 2050-2080. The direction will be chosen after the shock is over! The current operation is to sell high and buy...

Short-termTaurus Updated 

Crude oil prices remained weak in Asian trading on Tuesday and are currently trading around 72.6. During the day, we will pay close attention to the US PMI to be released later on Tuesday. Later this week, the Federal Open Market Committee (FOMC) meeting minutes will be closely watched ahead of Friday's U.S. non-farm payrolls (NFP) report. The crude oil market...