JoyLouise53

JoyLouise53

Last week, gold showed a trend of rising and falling. The weekly line closed with an inverted hammer and a long upper shadow, continuing the cross-line pattern of the previous week. The short-term rise was obviously blocked. Although the trend line connecting the daily lows of 3247-3282-3309 has been substantially broken, it may continue to fall after testing and...

JoyLouise53

Analysis of the latest gold market trends: Analysis of gold news: The U.S. Department of Labor released the much-anticipated June Consumer Price Index (CPI) data at 20:30 Beijing time. After the CPI data was released, the financial market responded quickly, showing investors' recalibration of inflation data and monetary policy expectations. The U.S. dollar index...

JoyLouise53

Judging from the current trend of gold, it is weak in the early trading and continues to break lows in the European trading. Then there will be a second bottoming action in the US trading. Pay attention to the 3330 and 3335 areas for short selling before the US trading. Pay attention to the two support levels of 3318-3315 below. The market changes in real time,...

JoyLouise53

Gold fell sharply at the opening of the morning session, with the intraday high and low price difference exceeding 30 US dollars. The positive factors over the weekend failed to reverse the bullish trend, and the bearish forces prevailed. Gold fell sharply in the last week of June, and bottomed out and rebounded in the first week of July. The market is in fierce...

JoyLouise53

Today, gold is relatively quiet due to the impact of the US Independence Day holiday. Below, we continue to pay attention to the short-term quality layer of 3324. The key pressure above is maintained at yesterday's opening point of 3345-50. At midnight, gold rebounds near 3345-50 and can be shorted. The target is around 3330-33. It closes early at midnight and...

JoyLouise53

The 4-hour level shows that the gold price turned to high-level fluctuations after testing the upper rail yesterday. There is still room for upward movement after the structure is completed. The 1-hour moving average system shows a golden cross divergent bullish arrangement, indicating that there is sufficient short-term upward momentum. In the morning, the gold...

JoyLouise53

Looking back at the market in May and June, although gold has experienced adjustments, its shape is very resilient. In the monthly cycle, the price of gold is firmly above the MA5 moving average. From the perspective of large-cycle technical analysis, this is a typical strong bullish pattern, demonstrating the strong control of the bulls. As the adjustments are...

JoyLouise53

The key position of the four-hour gold chart dominates the short-term rhythm. At present, the 3300 resistance has completed the transformation to support, and the price remains stable above this position to maintain a short-term bullish pattern. The hourly chart shows that after a strong overnight close, the previous high has been broken in the morning session...

JoyLouise53

Gold bottomed out and rebounded on Monday, so wait patiently for room for future gains. Technically, from the current hourly chart, the gold entity has always been above 3278, and it only pierced through 3275 and then began to rebound. If the retracement does not break the 618 position, there will inevitably be a high point in the future. So next, we should focus...