JoshuaEmmie

JoshuaEmmie

From the 30-minute gold K-line chart, we can see that the K-line has been rising continuously relying on the 5-day moving average. Today, the gold market is relatively strong, but the MACD red column is shrinking, and there may be a short-term correction. In terms of operation, it seems that the negative line is going down all the way. In the future, the gold...

JoshuaEmmie Updated 

At the daily level, gold is still in a high-level oscillation pattern. The previous second wave of decline target has not been fully realized, and it is difficult to confirm a reversal after a rebound of more than 70 points. On the hourly chart, after the low point of 3120, it presents a slow rise pattern. This structure is usually accompanied by gradual...

JoshuaEmmie Updated 

From the 4-hour analysis, we are currently paying attention to the short-term pressure at 3258-65 on the upper side, and the important pressure at 3275-81. For intraday pullbacks, we will continue to go short based on this position and look for a decline. Before breaking through and standing on this position, we will continue to maintain the main short rhythm of...

JoshuaEmmie

The US inflation data for April released key signals: the annual rate of core CPI fell to 2.8%, and the monthly rate of 0.2% was also lower than expected, indicating that inflation continued to fall. After the data was released, the US dollar index weakened rapidly, and the market's expectations for the Fed's interest rate cut this year increased, and gold once...

JoshuaEmmie

Gold is likely to enter a back-and-forth oscillation mode next, and it is likely to follow a yin-yang alternating market of "rising one day and falling the next day". Focus on the 10-day moving average support level of 3180, because the market often likes to play the "false breakthrough" drama, and it may not touch the lower track at all. Therefore, in the...

JoshuaEmmie

At the 4-hour level, the current downward trend of shock is more obvious, and the shape is a step-down. Ma5 and Ma10 are glued together and cross below 66ma. MACD death cross is combined with green column volume, and the overall idea of ​​falling back and adjusting is maintained. The 1-hour moving average is still a downward short arrangement. After gold jumped...

JoshuaEmmie

The US-China tariff negotiations have made positive progress, and the global capital market has become active. However, the safe-haven asset gold has been sold off sharply, with a single-day drop of more than $100 again. In the past two or three months, single-day fluctuations of hundreds of dollars have become the norm. The current price maintains a volatile...

JoshuaEmmie Updated 

From the daily chart, USD/JPY has broken through the 50% Fibonacci retracement level (145.55) of the March-April decline, and has been consolidating above it, showing that bulls are in control of the rhythm. The daily MACD has turned red again, and the RSI indicator has steadily recovered. In the short term, it is expected to further attack the 61.8% retracement...

JoshuaEmmie Updated 

Now the price of gold has slightly rebounded from a high position to above the lower track of the convergence range. Analyzing that the triangle convergence range has not broken, it should be seen that there is a rebound below, but given that the price of gold has fallen from a high position, it is also very short-term to go long now. The trend of gold today is...

JoshuaEmmie Updated 

At the 4-hour level, the current oscillating downward trend is more obvious, with a step-down pattern. MA5 and MA10 are glued together and cross 66ma. MACD crosses and the green column increases in volume. The overall idea of ​​falling back is maintained. The 1-hour moving average is still a short position arrangement with a cross downward. After the gold gap...

JoshuaEmmie Updated 

From a technical perspective, gold has a large downward space after rising and falling in the early trading. From 3438 to the current 3365, the price is close to 73 US dollars. Under this change, we should pay attention to the long and short changes of gold and whether they will continue. From the perspective of cycle performance, there is a high possibility of a...

JoshuaEmmie

Gold's 1-hour moving average high also began to turn around, and the bulls were hit. If the rebound pressure is 3350, it is short. At present, gold has fallen below yesterday's 3350 rising platform, so it will fall back and pay attention to the vicinity of 3303! There is nothing to hesitate. The rebound of 3350 is an opportunity to increase positions and short,...

JoshuaEmmie

From a technical perspective, the sharp fluctuations in gold in the early trading are in line with the recent characteristics of the wash, but we need to be wary of a sharp drop after a continuous slow rise, which may be a signal of exhaustion of bullish momentum. If the 3404 watershed cannot be effectively broken through during the day, the probability of a...

JoshuaEmmie Updated 

Technically, the sharp fluctuations in gold in the morning are consistent with the recent characteristics of the wash, but we need to be alert to the sharp decline after the continuous slow rise, which may be a signal of the exhaustion of bullish momentum. If the 3404 watershed cannot be effectively broken through during the day, the probability of a short-term...

JoshuaEmmie Updated 

At the hourly gold line level, it is consistent with a wave of continued surge. In the afternoon, it adjusted to the 10-day moving average of 3350 and stabilized. It slowly rose and approached the Asian high. This pattern is still very strong, and there is a high probability of a second pull-up. With the 10-day moving average of 3370 as the primary support,...

JoshuaEmmie

Gold hit a low of 3323 in the morning and then began to rebound strongly, reaching a high of 3386, then fell to a low of 3352, and rebounded to 3372. Gold made a slight correction near 3365 for a while, then fell to 3350, and now rebounded to 3368. There is less than an hour left before the European session. It is currently in the middle of the strong stretch in...

JoshuaEmmie Updated 

As the US dollar is approaching the key middle track of the daily line, it is not far away. In the next two days, it is expected to end the rebound correction and continue to start a weak trend decline. Therefore, gold may also have a short-term bottom at any time in the next two days. The next step is to wait for a wave of pullback. At least the bottom low point...

JoshuaEmmie Updated 

Gold hit a low of 3323 in the morning and then began to rebound strongly, reaching a high of 3386, then fell to a low of 3352, and rebounded to 3372. Gold made a slight correction near 3365 for a while, then fell to 3350, and now rebounded to 3368. There is less than an hour left before the European session. It is currently in the middle of the strong stretch in...