K-linesound

K-linesound Updated 

After last week’s sharp rise, gold temporarily stagnated at the 1963 high. On Friday, the small negative line retraces and corrects. The week’s closing work has not further risen to break new highs. The overall rise has come out of the high volatility after the surge, and there is room for retracement It is not enough to change the bullish structure for the time...

K-linesound Updated 

It is recommended to go short around 1960, stop loss at 1965, and hold the target at 1950. For long orders, first look at the situation of 1950 support breakout. Contact me for specific trading signals

K-linesound Updated 

Looking at gold on the daily line, the trend of gold prices is still upward, but the positive momentum has faded. Technical indicators are flat in positive territory, with a mildly bullish 100-day simple moving average (SMA) providing support near intraday lows around 1952.40, while the 20-day SMA remains directionless below the longer moving average, all of which...

K-linesound Updated 

Gold's current upper moving average suppression point is around 1913-15. At present, we still need to pay attention to 1913-15. As long as we can't stand above 1915, then gold will come down again. However, once you stand above 1915, you should be careful that gold may test the moving average position of 1925-30. On the contrary, if we cannot stand firmly on...

K-linesound Updated 

——Powell's super-"hawk" interest rate hike attitude is shrouded, and the gold 1990 mark is in jeopardy—— At noon in the Asian market on Thursday (June 29), gold shorts approached $1,900, and Federal Reserve Chairman Powell reaffirmed his super-hawkish stance. The analysis pointed out that gold is no longer a good hedging tool against economic difficulties...

K-linesound Updated 

Looking at gold on the daily line, the relative strength index (RSI) fell to 40, reflecting a bearish bias in the near-term outlook. Gold may face strong resistance at 1940, which is the confluence of the downtrend line and the 100-day moving average. Looking at gold from the 4-hour line, with the relative strength index (RSI) line at 14 recovering from the...

K-linesound Updated 

Through analysis on Thursday, it is emphasized that gold needs to see weak shocks under the pressure of 1940. The actual highest is at midnight on Wednesday at 1938, and the highest throughout the day is almost around 1933 Therefore, it is impossible to give an effective homeopathic trading space, and the strength of the U.S. unemployment data cannot change the...

K-linesound Updated 

6.20 Gold market trend analysis:     Gold closed yesterday in a narrow range, the daily line entity is not large, the star K line closed. In the short term into the contraction shock, yesterday due to the early closure of the holiday market, the space to further shrink, the technical structure temporarily entered the contraction of the Braindao oscillating...

K-linesound Updated 

6.20 Today's gold market trend analysis: From a technical point of view, spot gold fell slightly on Monday, the daily line closed negative, but did not change the diurnal cycle of the state, the daily cycle or look at the 1980/1935 unchanged, because the temporary interval performance is larger, so it is not suitable to judge the day trading, then the cyclical to...

K-linesound Updated 

On the daily basis, gold is showing a bearish consolidation above the 100-day moving average and the 50% Fibonacci retracement of the uptrend from late February to early May (currently around 1940). The MACD indicator resumed bullish momentum, but the Relative Strength Index (RSI) stabilized near 50.0, indicating that the bearish move will continue. Gold from the...

K-linesound

Gold Looking at the daily line, gold has weakened the support at the bottom of the downtrend. A close above the trendline at the top of the pennant (around 1967) would be a sign of strength. Gold Looking at the 4-hour line, gold prices are in a two-week-old falling wedge-shaped bullish technical formation. A bullish crossover on the MACD indicator and a U-shaped...

K-linesound

6.16 Analysis of today's gold market trend: After the confirmation of the rise of gold on Thursday, the change of strength and weakness has not been formed. This kind of trend ushered in the outbreak of bulls again. Since the bulls and shorts failed to change, then, gold will still maintain a bullish trend in the near future, which is undoubtedly bullish. What...

K-linesound Updated 

The Fed's interest rate decision has been settled, and the previous record of ten consecutive interest rate hikes has been stopped. The key point is that the Fed expects to raise interest rates by 50 basis points this year. Therefore, gold is still out of the decline, including the market is still digesting interest rates. The impact of the announcement of the...

K-linesound

6.15 Analysis of today's crude oil market trend: Overnight, EIA synchronous API inventories all rebounded in varying degrees, confirming the current market concerns about poor demand. At the same time, with the Fed’s interest rate decision, the expectation of further interest rate hikes in the future has risen again, and the market pressure remains. The...