


Reliable_Trading
PremiumAfter the CPI data was released yesterday, the gold price stabilized at 2700 points. We bought decisively and successfully touched the TP of 2720. From the 1H chart, we can clearly see that the gold price has been running around the upward trend channel recently. Whenever the lower trend line is touched, the gold price will rise and hit a short-term high. When...
2024.12.11 Trading Strategy Yesterday we bought near 2660, and gold went out of a unilateral upward trend, reaching the highest point of 2704. The two target positions we set, 2680 and 2690, were successfully reached. Judging from the current trend of gold prices, although the highest price reached 2704, the 2700-point integer mark has not been effectively...
The recent continuous rise in gold prices is because the People's Bank of China resumed gold purchases after a lapse of 6 months, and the expectation of the Federal Reserve's interest rate cut next week is increasing. In addition, the collapse of the Assad dynasty in Syria has further shaken the stability of the Middle East, thereby increasing risk aversion. From...
In the intraday, we can see that the 2655 line has been verified many times last week. Every time the price comes here, it has fallen. If gold cannot break through here directly today, it will most likely fall again. Now we can see that although the gold price has come here, it has encountered resistance again. In addition, the previous high point of 2665 will...
From last night to today's opening, gold first fell sharply, and then rose sharply. The gold market entered a roller coaster-like back-and-forth washout mode. In this washout market, if we did not close our positions in time yesterday, our work would be in vain in the end. Judging from the current gold 1H chart, we believe that the short-selling force has not...
I was out yesterday for some personal matters, so I didn't update you today's trading strategy. Sorry. Today, the overall volatility of the gold market is not large, so we can just buy high and sell low based on the lower support and upper resistance. From the hourly chart, the upper resistance is at 2655, and the lower support is at 2635. Therefore, we can...
Friends who have read my trading strategy yesterday know that we shorted gold near the resistance of 2650 yesterday and finally took profits at 2636. From the figure, we can see that 2650 is the 0.618 position of the Fibonacci retracement in the previous downward trend. The resistance here is indeed very strong. Now the gold price has rebounded here again. Can we...
Last Friday, we chose to short at a high level after encountering resistance at 2663. The decline on Friday was not obvious, only falling to 2650. Today, gold fell rapidly from 2650 to around 2622 at the opening. This profit margin can be said to be very considerable, but on Friday, we took profits in advance for the sake of safety. From the 1H chart, the trend...
Yesterday we sold near 2650, and the gold price fell again, reaching a minimum of 2635, with a profit margin of 15$. Recently, we have made good profits for three consecutive short sales. If you follow, you should have made a lot of money. Congratulations. Today, the gold price rebounded again in the Asian session, and the current price is around 2663. From the...
From the 1H chart, we can see that since the gold price fell from 2721 to 2605, although the trend has gradually stabilized above 2600 points, the rebound trend has not been smooth, but the decline is more violent, which shows that the bulls are obviously weaker than the bears. According to the Fibonacci retracement of the 2721-2605 decline, 0.618 is exactly at...
Yesterday, due to reports that Israel and Hezbollah were close to a ceasefire, and a large number of long positions were closed after seeing the news, gold plummeted by nearly $100 during the day, with the lowest price reaching 2605. The short position we entered at 2686 yesterday also successfully reached TP: 2650 From the 1H chart, we can see that gold has...
Last Friday, our strategy was to sell near the resistance of 2700-2710, and the result was good. The gold price fell to 2658 at its lowest. Although gold has rebounded now, there are still signs of a head and shoulders bottom, so I think the gold price will test the support of 2650 before it can really rise. From the figure, we can clearly see that in this wave...
Yesterday, gold did not fluctuate much. It has been fluctuating around 2670, and the resistance of 2680 has not been tried. Until today, Putin confirmed that Russia launched a new medium-range ballistic missile in response to Ukraine's previous attack on Russia with weapons from its allies. Although this missile carries conventional non-nuclear warheads, the...
As Ukraine used its allies' weapons to attack Russia yesterday, Putin lowered the threshold of nuclear policy. This escalation of the geopolitical situation boosted risk aversion, causing gold to break through the resistance level of 2640 in one fell swoop, and the current price reached around 2670. Judging from the resistance point, the top is about to face the...
Yesterday, the gold price rebounded again after the correction to 2621, and the highest price reached 2641. It coincides with our idea. Our strategy is to wait for the correction to buy bullish, but the only drawback is that the point did not reach our predetermined position of 2615. Now the gold price has returned to around 2620 again, and gradually showed signs...
This week, as the US dollar index stopped rising, gold began to rebound gradually. Yesterday, it fell back after hitting the resistance level of 2615, but at the opening today, gold continued its rebound trend and broke through here. Since it broke through the resistance of 2615, gold is likely to continue to move upward. Now it depends on how the previous low...
Last Friday, our strategy was to wait for the gold price to retreat to the 2550-2560 area to buy, with a target of 2590. Without waiting until 2560, we finally bought in the 2562 area, and today we have successfully reached the target of 2590. As geopolitical tensions in the Middle East intensified again and the conflict between Ukraine and Russia continued, gold...
Yesterday, the price of gold continued to fall for the fifth trading day. The market predicts that the incoming US President Trump will adopt a stricter monetary policy and reduce geopolitical risks, causing the price of gold to fall to its lowest level in two months. According to the trend in the 1H chart, the price of gold is currently in a rebound stage....