Gold closes higher and may fall back to peakThe gold hourly line has obviously reached the top. The K line rushed to around 2685, and then the big Yin line directly covered it and crushed it directly. It once fell by 30 US dollars. The top was obviously bearish engulfing. The moving average was directly bent and turned downward. Of course, the gold price deviated far from the moving average, and it was bound to return to the 50-day moving average. Detailed operations during the day: SELL: 2650------2645
Goldpreis
Gold bulls are strong and aiming at 2700!At present, the support for the continuous rise of gold prices is still the strong demand of the Federal Reserve and other European countries for gradually loose monetary policies; coupled with the tension in Middle East relations, economic downturn and geopolitical relations, gold prices continue to rise. In terms of technical forms, the room for gold prices to retrace is limited, and the time for correction is also very short. The momentum of continuous rise is very strong, and the upward space is expected to continue to open up.
The Asian session is corrected by the conversion of the hourly Yin and Yang lines. The European session began to rise. Even if economic data is released, it does not affect the bullish trend. There is not much room for recent corrections, especially in the European session. There is basically no retracement, and it continues to rise after the middle cross K pattern. Based on the above situation, even if the retracement relies on the top of the previous hourly line Yang line 2675, it will continue to be bullish.
Resistance level: 2683 2690. Break to see 2700
9.26 Gold Short-term Operation StrategyThe gold four-hour line is a positive line throughout the whole process. Even if it closes with a negative line, it can still break through the positive line directly and close with a long lower shadow. The K line always stands above the moving average and always crushes the moving average. The bullish trend has not changed at all, and the support level has been constantly moving up. This is a super buying trend that continues to set new highs.
Short-term operation in the Asian session:
BUY: 2658 Target: 2670
9.26 Technical Analysis of Gold Short-term OperationsGold rose again in 1 hour and is currently trading at 2660 without breaking a new high.
At present, gold has begun to form a small double top. After continuous rise, the bullish momentum of gold has gradually begun to be consumed. A major adjustment is imminent. If the rebound of gold in the US market does not break a new high, it can still be shorted.
On the 1-hour K-line chart, gold has risen. At this time, the Bollinger Bands began to close, and the gold price fluctuated and adjusted. As for the target position, we look at the 1-hour moving average
Today's focus
The number of initial jobless claims in the United States as of the week of September 21 (10,000 people)
Detailed operations during the day:
Sell: 2665 Target 2650-2645
9.26 Technical Analysis of Gold Short-term OperationsYesterday, gold continued to break highs in the US market, performing extremely strongly. The early trading price was 2661. Yesterday, it rose by 30 US dollars and continued to rise to the 2670 line. There is no doubt that with the frequent breakthrough of high points, the rising gold bulls are coming, and the upward trend will accelerate. Bulls will be the main theme in the future; the correction action is presented in the form of shocks.
"Although it has set new highs many times this year and outperformed major stock indexes, in the long run, gold still has room for further growth. Pay attention to the correction in the short term." In a low interest rate environment and geopolitical turmoil, interest-free gold is often the preferred investment.
Today's operation:
BUY: 2650 stop loss 2640 target: 2665-2675
SELL: 2680 stop loss 2685 target: 2660-2655
9.25 Professional Gold Short-term Operation Analysis StrategyToday, the recommended upper pressure position is 2665, and the lower support is 2645. The overall market still shows a trend of raising the low point to a new high, and the structural low point of this round is around 2624. The support effect of this position was also mentioned in yesterday's analysis. So if the market has a strong correction today and directly breaks through 2645 without stopping, the alternative plan is to look at the support of 2638. This position is the support of the Fibonacci 0.618 correction level of yesterday's overall pull-up.
9.25 Gold short-term operation analysis strategyIn the early Asian session on Wednesday (September 25), spot gold fluctuated in a narrow range near its historical high and is currently trading around $2,660.16 per ounce. Gold prices rose by $30 on Tuesday and hit a record high of $2,664, continuing the recent rally. The daily line closed with a big positive, with basically no leads.
In addition to the tensions in the Middle East that have enhanced the safe-haven appeal of gold, the US consumer confidence index has recorded the largest drop in three years, and concerns about the labor market are growing. Market expectations for the Federal Reserve to cut interest rates by 50 basis points in November have increased, and the US dollar index has recorded the largest single-day drop in nearly a month, which also provides momentum for gold prices to rise.
Gold is undoubtedly strong at present, whether from a short-term or long-term perspective, especially in the 4-hour period, which basically starts to rise as soon as it steps back on the moving average, and there is basically no retracement. Although gold is undoubtedly strong, this round of gold has risen by nearly 200 points in just two weeks, so the risks of peaking and retracement that I have been emphasizing in my previous articles are needed. Of course, we have no idea where the top is. We all have guessed the top, but the current price is already in danger. When it reaches our position, we can still participate in short orders.
Detailed intraday operation strategy:
Short at 2665, defense at 2670, target 2650-2640
Long at 2635, defense at 2628, target 2650-2660
9.24 Gold Short-term Operation StrategyYesterday, the gold market opened at 2621.6 in the morning, then the market rose slightly to 2131.6, and then the market fell rapidly. The daily line reached a low of 2613, then the market rose, and the daily line reached a historical high of 2635.2, and then the market consolidated. The daily line finally closed at 2628.2, and the daily line closed with a spindle pattern with equal upper and lower shadows. After such a pattern ended, today's market still has bullish demand. In terms of points, the long positions of 1996 and 2028 below are followed by stop loss at 2350. After the long positions of 2601 were reduced last Friday, the stop loss was followed by 2601.
Today's market operation:
2615 long stop loss 2609, target 2635
2640 short stop loss 2645 target 2620
9.24 Technical Analysis of Gold Short-term OperationsThe bullish market sentiment after the Fed's rate cut last week and geopolitical tensions pushed up gold prices. Gold hit a new record high yesterday, reaching 2634, and then began to fall slightly, closing the daily line with a small positive. However, the US dollar index stabilized and rebounded, and Ukrainian President Zelensky said that the Russian-Ukrainian war was "close to the end". Everyone still needs to beware of the risk of a short-term correction in gold prices.
Gold hit a new high again, and the high point was constantly refreshed, from 2500 to 2634. In the short term, it is still dominated by a bullish trend. The weekly level broke through strongly last week. The current market is running on the upper track of the long-term channel. At present, it is necessary to focus on the support near 2600. The gains and losses of this position are related to the trend guidance of gold bulls and bears. If this position is broken, gold is likely to have a large retracement.
It is still expected to fluctuate during the day. In the short term, if gold wants to completely get out of the strong pattern, it still needs time to exchange space. I have repeatedly emphasized that the current point chasing long profits and risks are not proportional. The operation is around the 2600-2635 range during the day.
Detailed intraday operation strategy:
Short gold at current price 2633, defense 2638, target 2620-2600
Long gold at 2600, defense 2594, target 2610-262
Gold short-term operation strategyThe four-hour lifeline, the hourly double-line upper track, the acceleration starting point, the top and bottom conversion position, and the position along the channel line are superimposed at 2584-2590, which is used as a support area for sweeping. The price squats and steps back to determine the support, or look at the upward movement
The Asian session breaks the high, the European session breaks the low, and the sprint action needs to be handed over to the US session
Pay attention to 2612-2610 in the European session, pay attention to 2622 upwards, and then look at 2630-2632
9.23 Gold Short-term Operation Analysis StrategyGold's daily and weekly lines are both up, setting new highs. Gold once again stood firmly on the 2600 line. The daily and weekly lines closed directly with big positive lines, with basically no leads. Judging from the current trend, gold will continue to rise in the long run, and the technical forms are undoubtedly strong. There are currently a lot of short-term supports below, 2610-2600 in the short term, and the upper short-term suppression is at 2635. No one can predict where the final high point will be.
As gold repeatedly breaks through new highs and madly refreshes historical highs, new highs also hide the risk of falling back.
Intraday operation strategy:
Short at 2635, defend at 2641, target 2620-2600
Buy at 2605, defend at 2600, target 2620-2630
9.20 Gold Short-term Operation StrategyAfter the price easily broke through 2600 today, it is difficult to move very strongly and will continue to run in a pattern with a fluctuating component.
Following the principle of bullish trend, even if you want to make a second bullish operation at night, you need to rely on the intraday high of yesterday and the low point of the hourly big positive line of 2595 as support, and the upper resistance is around 2618/2623
9.20 gold short-term operation technical analysis Gold reversed in a deep V yesterday. Gold fell back to support and then rose again. It seems that gold bulls still have the momentum to continue to rise for the time being. Go long first when gold falls back in the early trading.
Gold's 30-minute moving average entered the golden cross pattern. Gold rose after falling yesterday. Gold bulls once again accumulated momentum to rise. It is still expected to continue to challenge new highs. Gold fell to 2569 last night and then rose directly.
Gold is currently high. After the Fed's interest rate decision, it adjusted deeply. Gold rose again. After the adjustment, gold fell back to support and continued to rise. There was no further decline, indicating that it is still in the stage of bull accumulation. Gold is expected to continue to rise; after breaking through the new high, it will accelerate.
Today's operation strategy
2595 short stop loss 2600. Target 2580-2570
2572 long, stop loss 2562, target 2590-2600;
What's Next For Gold?Thursday's Daily candle formed an inside bar, there are a lot of long positions being held by buyers at the lows of yesterday's candle.
I expect price to rally above yesterday's high to allow buyers to take profit and then dump into yesterday's lows .
Price points are on the chart as well as directional bias.
Gold's Wild Ride: Rebound Completed, Time to Short Again
Crazy gold! The market has regained all of yesterday’s losses in today’s rally. This market is always full of surprises!
Now it's clear that the resistance at 2600 is very strong. Since it couldn't break through, it's time to switch back to short positions. What rose from here is likely to fall back down to the same level.
Sell, with a target profit (TP) at 2572.
Gold: Corrective Rebound Expected Before Further Decline
Yesterday, gold experienced extreme volatility, surging before a sharp sell-off. Today, the market should see less fluctuation as much of the news has been priced in. However, another key report is expected during New York trading hours, and I believe short positions will be more favorable following its release.
Before the data comes out, a long position could be effective, given the steep decline yesterday. There is likely to be a corrective bounce as buyers step in to capitalize on the sharp drop, so I see going long ahead of the news as a good move.
Fed Rate: How to Trade Gold Amidst Market Uncertainty?
The excitement is building as the Federal Reserve is about to announce its rate decision—whether it's a 25 or 50 basis point cut. Will gold reach new highs or begin a downward trend? Let’s wait and see.
From a personal perspective, I'm not particularly concerned about the impact on trading. Whether the market moves up or down, it will eventually return to the current price levels. Especially after a surge, there’s no need to worry too much.
For those trading today, do not set stop losses on short positions. If gold rises, simply add to your position or hedge by opening long trades. The 2600 level is a critical resistance point, and even if it breaks through due to the announcement, it won’t hold for long without a retracement. At that point, simply close your long positions and add more short positions.
This trading strategy should be helpful for those looking to navigate the volatility. Feel free to ask any questions or leave comments!
9.19 Gold Short-term Operation StrategyThe Fed's interest rate decision will be announced in two hours. Will gold hit a new high or a correction?
On the 1-hour chart, you can see that there is a minor resistance level near the 2575 level, and there is also a downward trend line converging. If the price pulls back to this resistance level, sellers may intervene, aiming to fall to the 2548 support level. On the other hand, buyers want to see prices break higher to increase bullish bets and pursue new highs
, if the Fed eventually chooses to cut interest rates by 25 basis points, the market may react quickly, causing the US dollar to rebound. But if the Fed is as dovish as the market expects, cuts interest rates by 50 basis points, and sends signals of more interest rate cuts in the future, the US dollar will weaken further, pushing gold prices higher again, even breaking through the $2,600/ounce mark. Although the market expects the Fed to cut interest rates, there is still uncertainty about the magnitude and subsequent policy guidance. If the rate cut is only 25 basis points, it may suppress the short-term demand for gold, and investors will turn to wait and see. If the Fed's policy tends to be cautious, the safe-haven demand for gold may weaken, leading to a short-term sell-off in the market. If the Fed eventually cuts interest rates significantly and signals further easing in the future, gold will benefit from the continued weakening of the dollar and break through historical highs. At the same time, global economic uncertainty and geopolitical risks will continue to provide long-term safe-haven demand support for gold.
9.18 Technical Analysis of Gold Short-term OperationsToday, the focus of the entire market is on the Federal Reserve's interest rate meeting. The market expects a 50 basis point cut, which may be the trigger for this wave of rise, but it may not have much impact at all.
Yesterday, the 2600 line was not kicked off, but fell back with a big negative.
Technical points:
(1) The European session bottomed out and rebounded, and the price continued to return to Monday's low, which broke our expectation of a strong and non-retracement.
(2) The European session continued to retreat to 2386, but still did not break the high. Yesterday, the focus was on the European session rising. If the European session fell, the market would turn to volatility.
(3) Before the US session, the intraday low continued to be broken, and the hourly line was negative, so the US session must be expected to fluctuate.
The European session broke the bottom for the second time, and the US session pulled back to short. It is expected that the US session will continue to break the bottom. After all, the price is good, and everyone is afraid that the long orders will be stuck at the top of the mountain, so they are willing to go short.
Operation strategy:
1. Before the meeting, continue to arrange according to the technical pattern. Short-term short position at 2575 can be shorted within the day, with a loss of 85, and look at 2555-50.
2. If it cannot be reached before the meeting, the price will remain the same. The Fed meeting will be closed for a break. If it can break the high before the meeting, hold it and look for a new high.
9.18 Gold Short-term Operation StrategyGold rebounded from a high level and built a top. Don't chase long easily. Gold rebound is an opportunity for shorts. The Fed's interest rate decision and the expectation of interest rate cuts are about to be fulfilled. The positive news for gold is fulfilled and it may rise and fall.
Gold broke down after repeated fluctuations at a high level in 1 hour. The top structure is obvious. The gold 1 hour moving average also began to turn around. The gold 1 hour moving average formed a dead cross, so there is more room for gold to fall and adjust. Gold rebounded last night but did not break through the resistance of 2582. In the morning, it continued to go short at highs under the resistance of 2582.
Strategy:
SELL: 2575 stop loss; 2582
9.17 Technical Analysis of Gold Short-term OperationsGold prices did not fluctuate much during the day. It retreated to the lowest level of 2574.50 in the Asian session, and then turned positive and moved upward. However, the space has not been opened yet, and it is in the rhythm of range fluctuations. For the extremely strong trend in the past few days, the recent two days have been mainly corrections. At the same time, even if it retreats, it is difficult to have a continuous decline, so the European session continues to see a rebound.
Recently, the market has paid close attention to the Fed's interest rate decision on Wednesday, and there are different views on how much to reduce. Before the announcement, the market trend is more cautious, which means that it is difficult to have a large operating space.
Today's analysis
1. At present, in the process of consolidation at a high level, the ups and downs are high, and the space is difficult to open
2. After all, the overall trend is bullish, and there is still a demand for rebound after the correction
3. After the Asian market went sideways, it stepped back to the previous starting point of 2574.50, and then there was no strong pullback in the European session. Two consecutive positives tested the high point of the morning pullback near 2586.30 and did not continue to rise. Then the hourly line turned negative and continued to pull back. For a strong pattern, there is some lack of momentum, and the shock component has increased.
Continue to follow the trend with long positions. In the previous trading day, we relied on 2578 to look up to 2590. In the morning, we continued to look up around 2576/1, and looked up to 2587, but failed to reach 2600. The dream of 2600 has not yet been realized!
From the market point of view, the low point of the afternoon retracement is around 2574.50. The European session can continue to retrace, and even cross or break through, but it cannot deviate too much from the intraday low, otherwise it will limit the momentum of the evening pull-up. The position of the golden section line 236 is near 2571, which is also the support position of the lower trend line, so pay attention to the opportunity to continue to rebound below 2571 in the evening, and the upper resistance is near 2590.
9.17 Technical Analysis of Gold Short-term OperationsIn the four-hour chart, the price recovered the upper line and ran below the upper line. The short-term support is at the acceleration line 2573. If it breaks down here, it also indicates that the lower line of the hourly chart will break. Once it breaks, it will resonate downward, at least testing the support of the 2562-50 line. Secondly, from the four-hour moving average chart, the 5-10-day dead cross is downward, and the auxiliary indicator MACD is dead cross at a high level. The hourly chart counterattacks the upper line and turns short for the second time, which is the best time to short, and it is also a reasonable position to reduce positions. Once it breaks down, the overnight closing price of 2579-80 is basically rebounded, which is to add shorts. So as long as you hold 2590 to see that the adjustment remains unchanged, wait for 2600 or above after the breakthrough to make arrangements.
Strategy:
2585-88 area short, loss 92, look at 73-68-62-50. Break down 73 and rebound 80 and short loss 85