


Reliable_Trading
PremiumYesterday, the U.S. January CPI data came in higher than expected, which reinforced the Fed's cautious stance on interest rate cuts. After the CPI data release, gold briefly dipped to a low of $2864 before bouncing back. With today’s rise during the Asian session, gold has regained its footing above the $2910 level. From the hourly chart, although gold touched a...
This week, we have once again witnessed a historic rise in gold prices. After gold reached a high of $2907 on Monday, it briefly surged to a new record high of $2942 during the Asian session on Tuesday. However, it quickly retraced during the European and U.S. sessions, hitting a low of $2880. This surprise surge in gold caught many off guard, myself included—I...
Yesterday, gold experienced only a brief pullback, followed by consolidation, and today, during the Asian session, gold surged again, hitting a new historical high of 2942. From the beginning of 2025, the price of gold has already risen by more than 11%. Trump signed an executive order announcing a 25% tariff on all steel and aluminum imports into the U.S. He...
Today, Monday, gold has once again reached a new historical high, with the price breaking the 2900 mark and peaking at 2910. It’s evident that the market’s bullish sentiment remains strong, fueled by Trump’s tariff policies and the increasing demand for gold, which has driven prices even higher. From the 4-hour chart's upward trend resistance line, the 2905-2910...
To understand why gold prices continue to rise, one must first recognize the functions and inherent attributes of gold. Historically, gold was used as a currency, and today, beyond its industrial and commodity characteristics, it also serves significant financial and monetary roles. Currently, strong physical gold demand is evident. This, coupled with market...
Yesterday, our strategy was that if the market could stabilize within the 2810-2820 range, we would participate in buy signals within that area. The result was excellent as gold surged again, and the profit potential was substantial. Today, the uptrend continued right from the Asian session open, reaching a historical high of 2877. From a technical perspective,...
Due to the high uncertainty of global economic development since Trump took office, the International Monetary Fund has lowered its global economic growth forecast for 2025. Coupled with the weak growth of major economies, the market is worried about the economic outlook, which is the main reason for the recent rise in gold prices. After yesterday's pullback,...
After this bottoming out and rebound, will gold continue to rise sharply and reach new highs? I personally think that the possibility of reaching a new high today is not high, unless there is good news or good data. From the daily chart, gold is rising rapidly, and it is undoubtedly still a strong bull market, but from the hourly chart, the previous high area is...
Last Friday, when both NFP data and unemployment rate data were negative for gold, gold rose instead of falling, and broke through the resistance level in one fell swoop, coming below the 2700 integer mark. From the intraday point of view, 2680 has turned from the previous resistance to support, so we need to pay close attention to the performance of this line...
Today is the last trading day before the release of NFP data. Gold price rebounded again after testing the support of 2625 on Monday, and the current price is 2670. Judging from the trend of the daily chart, this rise has not ended yet, and it is likely to test the resistance of 2680. 2680 is the key position of this upward trend. Once it breaks through here, the...
This week will usher in the first NFP data since 2025. Last week, due to the New Year's Day holiday, the market volatility was not very large, but gold still showed a good rebound trend. Today, Monday, the gold price continued the downward trend of last Friday. This is not a good start. Although I dare not say it is absolute, experience tells me that I can't...
After two consecutive trading days of rebound, the current price of gold has returned to above the upward trend line again, which can be regarded as filling the previous gap and entering a bullish trend. As can be seen from the 1H chart, the gold price just stepped back on the trend line during the correction process, and now shows signs of a second rise. I...
After analysis in yesterday's article, it was concluded that this week is likely to be a downward cycle. At the same time, I also said that the main trading direction this week is short selling. Yesterday, I entered the market to go short at 2620 and closed the position with a profit at the 2600 integer mark. The profit margin was very good. If you follow the...
The price of gold fell below the upward trend line last Friday. This trend line has now changed from support to suppression. This has been verified when the price of gold rebounded to near the trend line today. This is an obvious long-short conversion signal. . From the 1H chart, we can see that 2610 is a short-term support. If this line is broken, the gold price...
Last week, the overall US dollar index rose sharply because the Fed's "hawkish turn" exceeded expectations, which means that the expectation of interest rate cuts next year will be halved. The data released last Friday showed that all US PCE data were lower than expected, the US dollar index began to fall, and gold ushered in a sustained rebound. From the...
I'm sorry, I didn't have time to share my trading strategy with you yesterday because of some personal matters, and I didn't execute any transactions. As expected yesterday, the Fed cut interest rates by 25 basis points, which is fully in line with market expectations and also in line with my previous personal predictions. We all know that interest rate cuts are...
Yesterday, the gold market had almost no big fluctuations, with an amplitude of only about $10. There were few trading opportunities, and I did not make any transactions. Today, the gold price fell, but the decline was still limited. My view is to look at the support of the trend line below first. If it is not broken here, I will consider making a short-term...
The most critical thing this week is the Federal Reserve's interest rate decision to be announced on Wednesday. This rate cut is likely to be 25 basis points, and it is also likely to be the last rate cut, because Powell has previously stated that a strong economy means that the Federal Reserve does not need to "rush" to cut interest rates. This statement makes...