Reliable_Trading

Reliable_Trading

Yesterday, affected by the extension of the 50% tariff imposed by Trump on the European Union, gold lost its momentum to rise again. Coupled with the US holiday, the market performed mediocrely and maintained a volatile trend. Today, gold continued to fall at the opening and broke the trend line support. The price came to the key 3300 integer mark. From the news...

Reliable_Trading

Last Friday, Trump threatened to escalate the trade war again and suggested that a 50% tariff be imposed on the EU from June. As a result, safe-haven demand increased and gold rose to $3,365. After a call with European Commission President von der Leyen, Trump said that the tariffs would be postponed until July 9. As a result, gold began to fall in the early...

Reliable_Trading

Gold's performance was not very positive yesterday. After rising for three consecutive days, it finally closed with a negative line, and the price was below 3,300 points. On the one hand, the three major U.S. stock indexes retreated and the U.S. dollar rebounded. On the other hand, due to the rise in 10-year and 30-year U.S. Treasury yields, some funds were...

Reliable_Trading Updated 

Yesterday, the US 20-year Treasury auction was a surprise, the 30-year Treasury yield rose to a high point this year, the three major US stock indexes fell, and the US dollar index also fell, which triggered a rise in risk aversion in the market. At the same time, we can also see that after gold stabilized at 3,300 points, more buying intervention has occurred,...

Reliable_Trading Updated 

Just now we shorted gold near the trend line 3240 and successfully hit the target of 3200. Now the price of gold has fallen below 3200 and stabilized near 3180. 3200 is an important threshold. As I said before, once it falls below 3200, gold will form an M-shaped double top structure as a whole, and the price may extend to the 3000 mark. I think as long as it...

Reliable_Trading Updated 

Yesterday, the US dollar index fell back due to the lower-than-expected US CPI data, giving up the gains of the previous day and currently maintaining above $100. Stimulated by the CPI data, gold reached a high of around 3260 last night, but still failed to break through this resistance level and then fell, which is consistent with my strategy yesterday. From the...

Reliable_Trading

Yesterday, our strategy of buying at a low level to see a rebound was correct, and the profit margin was also satisfactory. Then I also reminded that we should pay attention to 3260. If the rebound fails to break through this time, it will fall again. Now gold has fallen again after touching here, and it has come to around 3240. Later, important CPI data will be...

Reliable_Trading Updated 

During the weekend, major news frequently came out, and the market fluctuated greatly. The most important thing is that the negotiations between China and the United States in Geneva have made significant progress. The tariffs of both sides were subsequently announced to be significantly reduced, and the market trade tensions were eased. Secondly, the two sides in...

Reliable_Trading Updated 

Yesterday, Trump announced a breakthrough trade agreement with the UK. As a result, the US dollar index rebounded rapidly and gold fell accordingly. Yesterday, our strategy was to buy at 3330, and the gold price just touched TP3370 and began to fall. And 3330 has now turned from support to resistance, so whether the gold trend will break through 3330 becomes...

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Yesterday, the Federal Reserve announced that it would keep interest rates unchanged. At the same time, Powell also said that he was in no rush to cut interest rates, believing that the cost of waiting is quite low. He also said that he would only cut interest rates after seeing a significant slowdown in the economy. The fact that the Fed does not cut interest...

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Gold continued to rise yesterday, but it plummeted by $70 at the opening of the Asian session today. The reason is that China and the United States will start high-level economic talks. This sudden news made the market optimistic, causing gold to fall. Judging from the details of the news release, the impact is only temporary, and it depends on the results of the...

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It was a pity yesterday that gold did not retrace much and continued to rise. Although it was known in advance that it would rise again, it did not fall back to the support level. Chasing the rise is risky, so there is nothing to feel sad about. As I often say, opportunities will appear at any time, but if you ignore the risks and trade, you may lose everything at...

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Today, I originally wanted to inform everyone to go long in the 3260-3270 range, but while I was writing the article, gold suddenly rose and the price reached 3320, missing the opportunity of this rise. (This sounds a bit Hindsight now) From the current point of view, there is a high probability that gold will continue to rise. 3320 is definitely not a high...

Reliable_Trading Updated 

Thanks to the hope of the United States reaching a trade agreement, the US dollar index has risen for three consecutive days and returned to the $100 mark for the first time recently. Affected by the signal of easing trade tensions and the market's focus on today's US NFP data, gold has also fallen for three consecutive days, approaching the 3200 mark during the...

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Just now, the US April ADP employment (10,000 people) was announced to be 6.2, which is a significant drop from the previous value of 15.5 and the forecast value of 11.5. This is a big positive for gold, and the gold price has rebounded from the 3270 support level to the 3300 integer mark. As for the future trend of gold prices, I said at the beginning of this...

Reliable_Trading Updated 

Yesterday our strategy was to buy low and be bullish, and I still hold this view today. The gold price has now fallen back from 3352 to the 3300-3310 range. There is still some support here. I personally think that as long as 3300-3310 does not fall below, there is a high probability that it will rise. The target can be 3350 first, and then 3360-3370.

Reliable_Trading Updated 

Last week, the gold market experienced unprecedented violent fluctuations. It first hit a new high of 3500, and then plummeted to 3260. In the following days, gold maintained fluctuations of more than 100$. In the current and future turbulent situation, such intense fluctuations may become the norm. This is a challenge and an opportunity. It is necessary to let an...

Reliable_Trading Updated 

Yesterday, as the Fed's speech pushed up expectations of rate cuts, gold rebounded sharply, reaching 3370, boosted by the decline of the US dollar index and buying. At present, the gold price has come to the lower support range of 3300-3290, which is still very important. If it breaks, it means that gold will fall further. If it holds, it may rebound, so we need...