Gold Spot / U.S. DollarUpdated Gold is expected to break through 2640----（2640-2680）
Gold is expected to break through 2640
Return to the fluctuation range of 2640-2680
Predicting the price of gold is like predicting the weather - it's just that the weather doesn't go wrong very often!
Williams's Gold Weather Forecast: Straight lines belong to humans, curves belong to God
One: Last week, due to the Christmas holiday, no important data was released, the market was relatively light, and gold maintained a volatile consolidation trend.
Two: However, gold prices rose and fell last Friday, indicating that there is limited room for a short-term rebound, as the dollar and U.S. bond yields remain strong, weakening the attractiveness of holding gold.
Three: This week will usher in the New Year, and the overall price fluctuations of gold prices may be limited due to the holiday. No important data was released during the day, and the gold market closed early, so the short-term fluctuations of gold prices may be limited.
Summary:
Operation suggestions for this Thursday: Treat it with a volatile mentality, pay attention to the upper pressure of $2635-2640, and pay attention to the lower support of $2600-2595.
Technical analysis:
Gold has risen many times recently, but it has never been able to break through the high of 2640. After the rise, gold quickly fell back. The high point is indeed under pressure. The short-term pattern is a volatile decline. The current trend of gold has fallen below the support of 2607 and 2600. From the technical analysis point of view: I thought the short position would continue, but the market rose rapidly in the late trading, returned to above 2620 again, and continued to test 2640.
The four-hour cycle is shown in the figure:
Key points: F1-F2 triangle transition oscillation zone
I still stick to my previous view and am more optimistic that gold will break through 2640 in the future and return to the 2640-2680 oscillation range.
For specific operational suggestions, I will still publish them in the form of subsequent posts for your reference during the trading session.
I wish all traders a happy new year
In 2025, the "Trump 2.0" era is coming
1: Trump's promise to relax regulations and reduce corporate tax rates will drive the rise of US stocks to a certain extent.
2: Trump's plan to increase tariffs and deport millions of illegal immigrants may push up inflation, suppress the labor market and disrupt the supply chain.
3: Against the backdrop of this uncertainty, capital expenditures of US manufacturers are expected to increase, and the performance of the stock market is expected to be affected.
4: Under the pressure of rising inflation, the Federal Reserve will also tighten monetary policy. Judging from the dot plot released in December 2024, the Federal Reserve will cut interest rates by a maximum of 50 basis points in 2025, and the pace will slow down.
Summary: The US financial market is expected to face a more severe environment.
Return to the fluctuation range of 2640-2680
Predicting the price of gold is like predicting the weather - it's just that the weather doesn't go wrong very often!
Williams's Gold Weather Forecast: Straight lines belong to humans, curves belong to God
One: Last week, due to the Christmas holiday, no important data was released, the market was relatively light, and gold maintained a volatile consolidation trend.
Two: However, gold prices rose and fell last Friday, indicating that there is limited room for a short-term rebound, as the dollar and U.S. bond yields remain strong, weakening the attractiveness of holding gold.
Three: This week will usher in the New Year, and the overall price fluctuations of gold prices may be limited due to the holiday. No important data was released during the day, and the gold market closed early, so the short-term fluctuations of gold prices may be limited.
Summary:
Operation suggestions for this Thursday: Treat it with a volatile mentality, pay attention to the upper pressure of $2635-2640, and pay attention to the lower support of $2600-2595.
Technical analysis:
Gold has risen many times recently, but it has never been able to break through the high of 2640. After the rise, gold quickly fell back. The high point is indeed under pressure. The short-term pattern is a volatile decline. The current trend of gold has fallen below the support of 2607 and 2600. From the technical analysis point of view: I thought the short position would continue, but the market rose rapidly in the late trading, returned to above 2620 again, and continued to test 2640.
The four-hour cycle is shown in the figure:
Key points: F1-F2 triangle transition oscillation zone
I still stick to my previous view and am more optimistic that gold will break through 2640 in the future and return to the 2640-2680 oscillation range.
For specific operational suggestions, I will still publish them in the form of subsequent posts for your reference during the trading session.
I wish all traders a happy new year
In 2025, the "Trump 2.0" era is coming
1: Trump's promise to relax regulations and reduce corporate tax rates will drive the rise of US stocks to a certain extent.
2: Trump's plan to increase tariffs and deport millions of illegal immigrants may push up inflation, suppress the labor market and disrupt the supply chain.
3: Against the backdrop of this uncertainty, capital expenditures of US manufacturers are expected to increase, and the performance of the stock market is expected to be affected.
4: Under the pressure of rising inflation, the Federal Reserve will also tighten monetary policy. Judging from the dot plot released in December 2024, the Federal Reserve will cut interest rates by a maximum of 50 basis points in 2025, and the pace will slow down.
Summary: The US financial market is expected to face a more severe environment.
Trade active
If you have been reading my articles recently and you still missed this bullish trend and failed to go long near 2620, then I advise you to wait and wait until the gold price tests around 2675 before going short.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.