Analysis of the latest trend of gold market: Analysis of gold news: At the end of the U.S. market on Tuesday (December 31), spot gold fluctuated and rose, currently trading around $2,624.57/oz. The price of gold fell 0.6% in quiet trading on Monday. It fell below the 2,600 mark to US$2,595.98 per ounce during the session, and closed at US$2,605.62 per ounce,...
Gold just rebounded and did not reverse. Rebounding is normal, but the trend has not changed. The rebound of gold is an opportunity for shorts. The hourly moving average of gold is still dead cross downward short divergence, so the short position of gold has not ended. Gold is just rebounding now. Yesterday, the rebound of gold in the US market was under pressure...
The negative line closed last Friday is very critical. It pierced the 5-day line and the 10-day line in one fell swoop, almost completely swallowing up the positive line last Thursday. This kind of negative-enclosing-positive K-line pattern is a strong signal in technical analysis. It clearly shows that the short-term bullish momentum is extremely weak, and the...
Recently, the U.S. dollar index has continued to strengthen, rising for several consecutive weeks, putting pressure on gold prices. If the US dollar index continues to remain strong, gold prices may be further suppressed. However, we also need to pay attention to the fluctuations of the U.S. dollar index. Once it pulls back, gold prices are expected to get a...
Spot gold is trading sideways and is currently trading at $2,620 per ounce. The support pressure level is short at high levels and long at low levels. The pressure level is 2642 and the support level is 2613. After breaking through the 2,620 area again in the early Asian session on Thursday, it rose sharply again as expected, breaking through the new high in the...
Spot gold is trading sideways at a high level, and is now quoted at $2,630/ounce. The support and pressure levels are high selling and low buying, with a pressure level of 2,642 and a support level of 2,613. Gold opened high in the morning of the Asian session, and tested the support of the 2,608 area on Monday. Gold closed at a high level on Tuesday, and ran...
Spot gold is trading sideways at a high level, and is now quoted at $2,633/ounce. The support and pressure levels are high selling and low buying, with a pressure level of 2,642 and a support level of 2,613. Gold opened high in the morning of the Asian session, and tested the support of the 2,608 area on Monday. Gold closed at a high level on Tuesday, and ran...
🎈Currently, spot gold is trading sideways at a high level, and the current price is 2617 US dollars/ounce. The support and pressure levels are high selling short and low buying long. The pressure level is 2633 and the support level is 2600. On Monday, gold opened at a low level in the Asian morning, and tested the support of the 2608 area. On Tuesday, it opened...
🎈Currently, spot gold is trading sideways at a high level, and the current price is 2617 US dollars/ounce. The support and pressure levels are high selling short and low buying long. The pressure level is 2633 and the support level is 2600. On Monday, gold opened at a low level in the Asian morning, and tested the support of the 2608 area. On Tuesday, it opened...
🎈Gold did not continue the previous rebound trend yesterday, and did not continue to rise. It rebounded and fell as we expected. It began to retreat after touching 2633, and stopped correcting after touching the lowest level of 2607 in the US market. It rebounded again in the Asian morning session and retreated after touching 2621 in the European session. It was...
🎈Gold did not continue the previous rebound trend yesterday, and did not continue to rise. It rebounded and fell as we expected. It began to retreat after touching 2633, and stopped correcting after touching the lowest level of 2607 in the US market. It rebounded again in the Asian morning session and retreated after touching 2621 in the European session. It was...
Gold's overall technical outlook last Friday saw a roller-coaster ride of long and short shocks. After a continuous decline on Thursday, which fell below the 2600 mark the previous day, gold fluctuated slightly throughout the day and rebounded. The U.S. market experienced an acceleration in the breakthrough and breakthrough. Standing above the 2610 mark and...