BarryDouglass

BarryDouglass

Judging from the trend of the gold 1-hour chart, the daily level maintains a strong bullish upward pattern. It is recommended to continue to focus on the range low-multiple strategy during the day. The current market is in a stage of shock consolidation, and there is a technical pressure to rise and fall in the short term. In terms of operation, it is recommended...

BarryDouglass

On the monthly chart, gold price closed in a cross pattern, which is the first time after a sharp rise, suggesting a fierce confrontation between long and short forces, and a strong wait-and-see sentiment in the market. This pattern may indicate that the market has entered an adjustment or relay stage. Given the large increase in the previous period, a correction...

BarryDouglass Updated 

Recently, the price of gold has repeatedly broken through the 3400 level, but has failed to stabilize after multiple attempts to break through. Simply put, the 3400 level is like a door that the bulls are desperately trying to push open, but if they can't, gold may pull back to the 3340-3396 level to take a breath. There are currently two key signals in the...

BarryDouglass

According to the current 4-hour K-line chart, the market as a whole maintains a high-level oscillation pattern. There is a short-term pressure of correction after the high. It is recommended to sell short at highs, supplemented by short-term long orders. It is recommended to wait for a clear stabilization signal to implement a high-altitude trading strategy. Pay...

BarryDouglass

From the 4-hour analysis, today's upper resistance is around 3288-95, the short-term short-term weak dividing line is 3300-10, and the short-term support below is 3240-45, maintaining the main tone of participating in the trend unchanged. Gold falls back to 3258-3264, buy more when it falls back to 3240-45, stop loss at 3233, target at 3280-3285, break to 3300-05

BarryDouglass

From the market point of view, the delay of the Fed's policy shift and the mitigation of geopolitical risks have a double-kill effect: on the one hand, high interest rates limit the attractiveness of gold; on the other hand, the retreat of safe-haven buying has intensified selling pressure. In the short term, pay attention to the support of the 3240-3250 range. If...

BarryDouglass

Today, gold opened at a low of 3331 and rebounded, and reached a high of 3356 and then stepped back to adjust. The overall trend is the same as our weekend analysis. Last week, the overall technical side of gold continued to fluctuate upward with bullish momentum. The daily level repeatedly tested and stabilized at the 3200 mark at the beginning of the week,...

BarryDouglass

The market fluctuated upward all the way on Friday, opening at 3295, hitting the lowest point of 3287 and bottoming out. So far, it has hit the highest point of 3334 and then fluctuated at 3330. The recent market fluctuations are relatively large, and they are completely within our expectations. Yesterday, on Thursday, we gave a short position at 3340-45, and the...

BarryDouglass Updated 

The market fluctuated upward all the way on Friday, opening at 3295, hitting the lowest point of 3287 and bottoming out. So far, it has hit the highest point of 3334 and then fluctuated at 3330. The recent market fluctuations are relatively large, and they are completely within our expectations. Yesterday, on Thursday, we gave a short position at 3340-45, and the...

BarryDouglass Updated 

Gold hit the highest point of 3345 today and started to fall back. We also directly shorted at 3341, and successfully reached the target of 3310-15. Friends who follow my articles and real traders can see that the short-term decline of gold does not change the bullish trend. Gold rose by about 100 US dollars after breaking through the box shock, so it is normal to...

BarryDouglass Updated 

From a technical perspective, gold has been strong recently. Spot gold closed at $3,289.54 per ounce on Tuesday, and further broke through $3,300 in early trading on Wednesday, reaching a high of $3,304.06, a new high in more than a week. In the short term, gold prices need to break through the key resistance level of $3,370 to open up further upside space; $3,150...

BarryDouglass Updated 

Gold rebounded from 3229 today and then retreated from 3232. It rebounded from 3204. Gold fluctuated upward in the European session. So far, it has fluctuated from 3237. Our short position was successfully closed this morning. At present, we will focus on the short-term suppression at 3240-45 and the important suppression at 3253-60. If the rebound does not break,...

BarryDouglass Updated 

From a technical perspective, gold has been strong recently. Spot gold closed at $3,289.54 per ounce on Tuesday, and further broke through $3,300 in early trading on Wednesday, reaching a high of $3,304.06, a new high in more than a week. In the short term, gold prices need to break through the key resistance level of $3,370 to open up further upside space; $3,150...

BarryDouglass Updated 

Gold can be said to be rather naughty today, Monday. It surged at the opening, hit the highest point of 3250 and then fell back to the lowest point of 3206. Many people in the market chased long positions at the highs of 3240-45. I believe the ending is also quite regrettable. Friends who follow me know that the 3240-53 above are all ideas for shorting. Don't...

BarryDouglass Updated 

Gold can be said to have fluctuated in a large range today, but the overall trend is more towards the short side. Although gold rose at the opening on Monday, it suddenly made a 360-degree turn at the 3250 line, which made those who were chasing the long position suddenly confused. We went short directly at the 3244 line and also went short near 3247 in the...

BarryDouglass Updated 

From a technical perspective, gold prices experienced a unilateral decline on Thursday, hitting a key support level of $3,120/ounce at the lowest. In the early trading session of the European market, a strong forced short rebound began, with a daily increase of nearly $120. The daily level closed with a long lower shadow positive line, indicating strong buying...

BarryDouglass Updated 

Gold, the price fell to 3120 on Thursday and then rebounded, and boosted by the market's risk aversion sentiment, it rose to 3252 overnight, and the trend continuity is poor; the daily chart recorded a real big sun, and it will maintain a wide range of fluctuations in the short term, waiting for the results of the Russian-Ukrainian negotiations; First fell back,...

BarryDouglass Updated 

At present, the long and short views in the gold market are significantly different, and the effectiveness of technical positions has been verified. The 3180 point has not shown an effective support role in the recent downward process. Its logic as a potential pressure point lacks price behavior verification, and we need to be vigilant against the risk of...