Gold opened yesterday and fluctuated upward from 2694 to 2702. After that, the price fluctuated and fell to the intraday low of 2690 and then began to rebound and rise to 2711. Our 2694-95 long order was also a perfect profit stop. The US market price fell from 2711 to 2700 and then rose again to the intraday high of 2724.6 and fell back to 2714. From yesterday's...
Gold's 1-hour moving average has also begun to turn downward. If the gold's 1-hour moving average eventually forms a dead cross downward, then the space for gold's short position to fall will be further opened. Gold's US PPI data is bullish, but it is still under pressure and will fall directly to 2675. Gold's US rebound to 2675 will continue to be short. Gold is...
In today's technical trend chart: 1: In 4 hours, the stochastic indicator crosses downward, which is a bearish signal; the MACD indicator double lines stick together and are temporarily in a passive state; in terms of form, it is temporarily running in the 4-hour range; the 4-hour range is temporarily 2465-2695; in the range, the method of buying low and selling...
The gold market has seen significant fluctuations recently. Against the backdrop of a sharp rise in U.S. Treasury yields and the U.S. dollar index, gold prices fell before the U.S. market opened on Monday (January 13). Spot gold fell from its December high, with gold prices blocked at the key Fibonacci retracement level of $2,693.40; as last week's gains...
In the early Asian session on Thursday (January 9), spot gold fluctuated narrowly at a high level and is currently trading at $2,662.59 per ounce. Gold prices hit a nearly four-week high of $2,669.83 per ounce on Wednesday after a weaker-than-expected December private employment report relieved some market participants, who believed that the Federal Reserve might...
Gold market analysis Gold has been volatile these days, washing back and forth without any rules. Judging from yesterday's performance, it is still impossible to determine whether the bulls are coming if the 2665 position is not broken. The daily line closed with a long upper shadow, and the center of the oscillation moved up. Today's idea is to treat it as more...
Gold rebounded after hitting the bottom yesterday, and began to rebound after reaching the lowest level of 14, which continued until the evening of the day. The current highest level reached around 64, which has reached the previous high point. This position is also the effective point of the continuous suppression of the shorts in the recent period. With the...
On the daily chart, gold has encountered resistance since its half-month high, and has fallen into adjustment in the short term. For the upper pressure of gold, pay attention to the current intraday high of $2,660, which is also the high point of gold price bottoming out and rebounding after falling on Monday, followed by the high of $2,650 on Monday; for the...
In the early European session on Friday (January 3), the US dollar index maintained a mild decline during the day and is currently around 109.10; spot gold is around $2,655/oz. After confirming a breakthrough of $2,640.00/oz, the gold price continued to rise. As shown in the figure, the gold price completed the construction of a double bottom pattern, which...
The upper rail resistance of the four-hour flat pattern is 2638 and the double-line resistance is 2642. Break through and open slightly upward, and continue to rise to form an upward opening pattern The lifeline and the lower rail of the double line are superimposed in the 2619-2617 area The early trading accelerated the rise point in the 2625-2623 area. Take...
Fundamentals: The gold market fluctuated at a low level in the U.S. market, and the logic of long orders at the support point entered the market. At the beginning of the U.S. market on Tuesday (December 31), the gold price was around $2,610. The gold market may be preparing to end 2024 on a weak note, and December is expected to see its first decline in seven...
Last Friday, gold took a high-rise and then fell back. The trend is under control, and everyone has witnessed it! Gold opened at $2,633. In the morning, gold slightly retreated and touched $2,628.6, and then rebounded. The highest rebound of gold in the Asian and European sessions reached $2,638, and then it was blocked and fell back. The US session continued to...
Technical Aspects Gold prices fluctuated around $2,620.00 on Monday, and the daily chart shows that gold prices are currently in a consolidation phase, close to the 9-day and 14-day moving averages. The 14-day relative strength index (RSI) hovered below 50, reflecting a neutral market sentiment. If the RSI can break through the 50 level, it may indicate an...
The gold market opened at 2610.6 in the morning and then rose directly. The daily line reached a high of 2621.6 and then fell back quickly. The daily line reached a low of 2609.7 and then rose in the late trading. The daily line finally closed at 2616.7 and then closed with a small positive line with a long upper shadow line. After this pattern ended, it rose...
Gold surged and fell in the US market last night. Gold continued to be short at 2635. Gold fluctuated at a high level in the second half of the night, and the lowest level fell to 2627. Gold did not fluctuate much, but there was no strong breakthrough at the high level. Gold bulls lacked confidence and continued to be short and fall. Gold broke through the...
The market opened at 2610.6 in the morning of the previous day and then the market rose directly. The daily line reached a high of 2621.6 and then the market fell rapidly. The daily line reached a low of 2609.7 and then the market rose in the late trading. The daily line finally closed at 2616.7 and the market closed with a small positive line with a long upper...
Yesterday, the gold market opened low at 2619.5 in the morning and then the market rose first. The daily line reached a high of 2633.3 and then the market fell back. The daily line reached a low of 2607.8 and then the market consolidated. The daily line finally closed at 2613.3 and the market closed with a pregnant inverted hammer pattern with a long upper shadow....
Last week, the gold market opened at 2650.3 at the beginning of the week, then rose slightly to 2664.7, then fluctuated and fell. The weekly line reached a low of 2582.6, then rose at the end of the trading day, and finally closed at 2622.8, and then the market closed in a hammer-like pattern with a long lower shadow. After this pattern ended, the weekly line was...