From the hourly chart we can see: It can be seen that the upper suppression line of this trend in the hourly chart is here in 2012-15, which is also the current high point of gold. Although I can't guarantee that gold will not break through here, but if gold breaks through here until 2020, I will still choose to go short. Because around 2012 is the 382...
Today, we need to pay more attention to the actual movement of the US dollar, and beware of a sudden sharp rise in prices. Corresponding to European and American currencies, we can look for opportunities to sell short on rallies today, and give the following suggestions based on the market, and refer to operations as appropriate 1.1015-1.1025 interval...
Judging from the golden 8-hour graph: At present, gold has already tested to the top position of the 8-hour graph, and we can find that there is also a sequence 9 signal above. Coupled with the suppression of the top trend line, I feel that the probability of gold breaking through hard is really not high. Moreover, plus today is Friday, if there is a black...
Yesterday's CPI data boosted market sentiment, gold rose sharply to HKEX:2 ,028, and then gave up most of the gains, but because the Fed expected a mild recession in the US economy, gold rose again, and finally stood above the 2010 mark. I think it will continue to test the previous high point of 2032. Although it almost touched 2032 yesterday, from the...
The United States has just released 2 data. Both initial jobless claims and PPI this week are positive for gold, and the PPI data is even more positive than the initial jobless claims data. After the release of the data, the price of gold rose sharply in a short period of time, once rising to US HKEX:2 ,048, setting a new high in the past year. From the...
Today we need to focus on whether the U.S. dollar index shows a trend of first falling and then rising after the release of the CPI data. Corresponding to European and American currencies, today you can look for opportunities to sell short on rallies. Combined with the market, we will give the following suggestions and refer to operations as...
At present, the suppressing point ma120 moving average above the hourly chart is near the 2000 mark, followed by the ma60 moving average suppressing here at 2005. Therefore, there is very little room for gold to continue to rise today. Either it rebounds to around 2000 yesterday's high and then comes down, or it pierces yesterday's high to go to around 2005...
Currently, gold is finding support around 1985 on the 4-hour chart. This level not only represents the 38.2% Fibonacci retracement of the current trend, but also coincides with the 60-period moving average on the 4-hour chart. If gold breaks below the 1985 support level, it is likely to test the 1965-60 range as the next support zone. This range is also where...
Yesterday, as scheduled, the US Department of Labor released the ADP employment report for March, showing 145,000, lower than the previous value of 242,000 and the estimated value of 200,000, which conveyed a somewhat weak sentiment. Although the importance of this data is not as important as the non-farm payrolls data to be released tomorrow, as an official data...
XAUUSD: 2015-2020 Sell On Wednesday, the weaker-than-expected March "small non-agricultural" data and non-manufacturing PMI data fueled market concerns about an economic slowdown and stimulated bets that the Federal Reserve may slow down rate hikes. Spot gold continued to hit new highs since March last year, with an intraday high of 2032, and then gave up most...
Today, we must beware of the sudden unexpected market movement of the U.S. dollar index, especially the market that first falls and then rises, so we should pay more attention to it. Corresponding to European and American currencies, you can choose the opportunity to sell short on rallies today, and give the following suggestions based on the market, and refer to...
Gold is a precious metal trading derivative product originated in London, but it has now become popular worldwide. How to use the 24-hour gold price chart for trading? In addition to its high leverage and high yield characteristics, the 24-hour trading time is also an important product highlight. The significant fluctuation of international gold prices...
Although the US dollar index showed some decline in early trading today, the actual trend is not mainly downward, but rather a form of adjustment. Therefore, when the adjustment demand is released, the US dollar index will still have a short-term rebound, and we can seize this wave of rebound to make a small profit. Regarding the corresponding European and...
Although the US dollar index experienced some early decline today, the actual pattern is not primarily bearish, but rather a form of adjustment. Therefore, when the adjustment demand is released, the US dollar index will still have a short-term rebound, and we can seize this wave of rebound to make a profit. Regarding the corresponding Australian and American...
Fundamental analysis: Affected by multiple bank failures, gold rose from 1800 to 2000. With the fading of risk aversion in the midway and the limited interest rate hike by the Federal Reserve, risk aversion reignited and gold experienced a rollercoaster-like rapid rise and fall in the recent period. After the recent explosive news, gold is expected to return to...
Short above 1985, TP1960, 1935, SL1995
Fundamental analysis Reasons for last week's rise in gold prices: 1.A round of banking crisis shook the global market, and the bet on the Federal Reserve's less aggressive stance on fighting inflation was also consolidated. 2.The collapse of Silicon Valley Bank highlighted the vulnerability of banks facing a sharp increase in interest rates, and the sharp drop...
GOLD: Interest rate resolution is looming, which may lead to range-bound fluctuations. Gold has encountered a dual pressure of declining safe-haven demand and rising US Treasury yields, causing a significant intraday decline, with a meager rebound to close just above the $1940 support level. Firstly, from a daily chart perspective: in the 1804-2009 trend,...