Resistance Level 2: 1.0650
Resistance level 1: 1.0600
Spot price: 1.0582
Support bit 1: 1.0530
Support bit 2: 1.0448
EUR/USD rose 0.04% to 1.0593. The dollar retreated in a technical profit correction after Federal Reserve Chairman Jerome Powell said rising market interest rates may reduce the need for the Fed to take action. EUR/USD continues to find...
Resistance Level 2: 1.2240
Resistance level 1: 1.2200
Spot price: 1.2165
Support bit 1: 1.2100
Support bit 2: 1.2080
GBP/USD was last up 0.14% at 1.2158. Although the pound showed some resilience last week, weak key economic data put it at a disadvantage. British retail sales were weak in September and consumer confidence dropped significantly, which...
Resistance Level 2: 1.0640
Resistance level 1: 1.0570
Spot price: 1.0557
Support bit 1: 1.0490
Support bit 2: 1.0448
EUR/USD rose 0.40% to $1.0554. Conflict in the Middle East will reduce the possibility of further interest rate hikes in the United States or the euro zone. Although this will maintain a slight advantage for the dollar, this advantage will not...
Resistance Level 2: 1.0700
Resistance Level 1: 1.0650
Spot price: 1.0605
Support bit 1: 1.0560
Support bit 2: 1.0500
Yesterday on Tuesday (October 10), the euro rose 0.32% against the US dollar to US$1.06; the US dollar index =USD, which measures the US dollar against six other currencies, fell by about 0.15% to 105.79, which is far lower than the 11-month...
Resistance Level 2: 150.00
Resistance level 1: 149.00
Spot price: 148.46
Support bit 1: 147.80
Support bit 2: 147.00
On Monday (October 9), the U.S. dollar fell 0.57% against the Japanese yen to 148.49. As the situation in the Middle East panics the market, the Japanese yen, a traditional safe-haven currency, has been favored in cross trading, which has also...
You may still remember me. In my previous predictions, last week, I was optimistic about the rise. Combined with the recent international risk aversion, in the medium and long term, in the context of economic depression, inflation has rebounded more than expected, and I am worried about the economic outlook.
Increasing gold reserves will support gold prices in...
Trading techniques: Follow the daily trend in sync, choose 1 hour, and 4 hours to trade with the trend.
Gold's one-hour support is in the 1823.50 area, 4-hour pressure is in the 1840 area, daily pressure is in the 1884 area, weekly pressure is in the 1884 area, and monthly support is in the 1810 area.
Gold has now fallen to the monthly support level of the 1810...
There are signs of rebound in the trend of gold today, but after the release of non-agricultural data, gold was positive. It only stayed around 1830 for a short time, and then fell back to around 1825.
It shows that gold still has signs of rebound, and we can conduct scalping transactions in this gap.
Today's two reselling has allowed us to earn a good profit.
Looking back on yesterday:
USD/JPY fell nearly 300 points in the short term
The U.S. dollar index DXY fell 53 points in the short term
The above data pushed gold up in the short term by US$9 to around 1830, but it never remained at 1830 and fell back to around 1820.
Today's non-agricultural data Zenobia forecast is positive for gold.
Trading plan for...
Today, gold was affected by the sharp short-term decline of USD/JPY and the US dollar index DXY, resulting in a short-term rise of 8 US dollars. At present, it has pulled back to around 1822. However, USD/JPY and the US dollar index DXY did not pull back.
Therefore, there is a strong premonition of gold recovery.
Short-term recommendation Buy1822 TP1830
The U.S. dollar index is still rising recently. With significant short holdings still in the market, there is little chance of gold rebounding in the near future. We should look for shorting gold at high levels, which is safer.
xauusd trading signals
I will update further ideas in the channel one after another. Thank you for your support.
The current trend of gold is still bearish. Although there has been a rebound, it has never been able to break through 1830. In my current opinion, gold is still very likely to fall. All long orders are not suitable to enter the market for the time being. After gold further rebounds to highs, we will enter with short orders. I will update further in the channel below.
In terms of gold, it fluctuated all the way back from around 1926 at the beginning of last week, and accelerated its decline after falling below 1910/1900. This was mainly due to the core view of the Federal Reserve to maintain high interest rates for a long time. The U.S. dollar index refreshed its high point in the past year, and gold was under pressure. Weak,...
At present, crude oil is slightly adjusted to decline, and the possibility of continuing to decline in the short term is very small. However, as long as the market fluctuates, we can still win with scalping trading.
Crude oil continues to rise, but the high has never been able to break through 90.7.
The current correction has declined, but it is still an opportunity for us to short crude oil.
The dollar continues to strengthen
Gold falls without any suspense, and short positions continue
The U.S. dollar’s big cycle bullish pattern continues
Establishing the medium-term downward pattern of gold
Gold fell all the way after falling back to 1947 this round
Judging from the 1-hour cycle trend structure of gold, the price of gold...
The current bouncing situation is very suitable for us to scalp trading.
The operation suggestion is to enter the market with long positions first and then take profit at point A.
I will continue to update below the post.