Short-term-king

Short-term-king Updated 

Because of market concerns about the recession, the demand for crude oil has been hit to a large extent. Then the acceptable price of crude oil in the cycle of slow economic development is in the 70-65 area. People familiar with the crude oil market must know that crude oil basically fluctuated in the 70-82 area in the early stage. Judging from this, crude oil...

Short-term-king Updated 

Because of the impact of the banking crisis and the U.S. debt ceiling issue, the risk that the economy may fall into recession has been exacerbated, and U.S. data show that consumer confidence is insufficient, which is a very big blow to the demand for crude oil, causing crude oil to plummet in the short term and completely make up for the technical gap. Can crude...

Short-term-king Updated 

Because of the banking crisis and the issue of the U.S. debt ceiling, which raised concerns about the recession, gold bulls began to move again, and gold rebounded to near the 2010 position in the short-term during the day.From the perspective of the recent gold trend structure, gold has stopped falling at the 1970 position many times and rebounded with the help...

Short-term-king Updated 

Intraday gold is currently operating between 1976 and 2002. According to the current structure of gold, gold will show a flag-shaped finishing structure in the short term, and the low and high points of gold's operation will also follow the flag-shaped channel line, thus limiting the gold fluctuation space.According to the current market, the announcement of the...

Short-term-king Updated 

Yesterday, Bitcoin plunged as low as near 26942, and tried to break below the 27,000 integer mark successfully. Then Bitcoin is likely to continue to decline in the market and seek support below 27,000. From a structural point of view, after the Bitcoin bears released the pressure of the technical top divergence, they are currently undergoing shock digestion...

Short-term-king Updated 

Gold rebounded from its lowest in 1974 yesterday, and its highest has rebounded to near 2001. Is the gold market about to reverse and return to the upward trend? I don't think so, because gold is currently in the form of flag-shaped consolidation in the short term, and it has encountered obstacles at the channel line many times. Before effectively standing on the...

Short-term-king Updated 

Gold is currently in a revised market after a sharp drop. It is currently trading near 1981, but the overall rhythm is still in a short trend. At present, gold is running in a small area. Don't directly chase short or rise in trading. 1.Below, first pay attention to the support near 1970, and if you effectively break below the 1970 support, you will see the...

Short-term-king Updated 

After a sharp decline in the US market last Friday, GBP/USD has managed to stabilize above 1.2400 on Monday.The short-term technical side fails to provide directional clues, and may only have to wait for the currency pair to break through the consolidation channel,only then will there be a better continuity of behavior. According to the current market...

Short-term-king Updated 

Will gold continue to fall to 1950 next? First of all, what I want to explain is that gold as a whole is still weak, but it cannot be directly shorted in trading. The reasons are as follows: From the continuous closing of the lower hatching line at 1970 in the recent trading days, it can be seen that gold is currently receiving technical support at 1970, so...

Short-term-king Updated 

Recently, gold has shown a volatile market in the range. After the rebound, the upward trend is under pressure simultaneously. While the rally is slow, it is accompanied by a decline, and the intensity of the second retracement has not been opened. After each decline, it seems that it is about to fall and break the level, but it always succeeds in a V-shaped...

Short-term-king Updated 

Gold's single-day volatility has gradually increased, and after a short-term surge or plunge, the continuity is not strong, and it is likely to come out of a V-shaped reversal market. Therefore, in this extreme market, I have reminded everyone not to easily chase up or short in operation, otherwise it will be easy to be swept back and forth.Therefore, it is...

Short-term-king Updated 

After the emergence of the mid-negative K-line, gold rebounded yesterday, but it did not recover the 2015 area, indicating that it is still a repaired market.Judging from the current trend of gold, after the continuous rise and fall of gold on the hourly level, the technical pattern has begun to weaken. There may still be some room for adjustment in the short-term...

Short-term-king Updated 

Yesterday, gold continued to fall as scheduled, and the recovery of the dollar index also helped gold bears release momentum. Judging from the current daily K-line pattern and technical indicators will continue to release the pressure of the previous top divergence, there will be a possibility of a continued pullback in gold in the short term.Judging from the...

Short-term-king

The current interest rate hike is nearing the end. The market has digested it, and the dollar has fallen in a volatile manner. Now that European banks are accompanied by the bankruptcy of Credit Suisse, there should be other bank risks. At the same time, Europe is also following the Fed to raise interest rates. Now the Ukraine crisis continues, the European energy...

Short-term-king Updated 

After the news was suddenly bearish last Friday, the market bulls initiated a multiples sell-off. On the one hand, it was due to technical overbought and divergence reasons, on the other hand, it was because of market sentiment taking the opportunity to hype. Judging from the current trend of gold, the intraday trend is still biased towards the correction trend...

Short-term-king

On the news side, the IEA monthly report on Friday was released. The International Energy Agency said in its monthly report on Friday that world oil demand will grow to 2 million barrels per day in 2023; on the supply side, OPEC+ production cuts may lead to supply shortages in the second half of the year, which also restricts the decline in oil prices to a certain...

Short-term-king Updated 

Due to the impact of recent U.S. economic data and expectations that the Fed's interest rate hike cycle is about to end, which in turn puts pressure on the U.S. dollar, gold is supported by it. Judging from the current structural trend, gold still maintains a good long pattern.In the short term, the top temporarily stopped near the high of 2050. From the...

Short-term-king

At present, gold is higher for the third consecutive trading day. Because yesterday's US CPI data well supported the expectation that the Fed's interest rate hike cycle may be nearing its end, the decline in US Treasury yields and the weakening of the US dollar have supported gold prices. Although gold prices have been supported to rise, intraday technical signals...