Steffen_Schade

Steffen_Schade Updated 

Gold continued to rebound as expected and has now extended to above 3340. In the short term, it tends to fluctuate and rise. In the previous trading idea overnight, I emphasized that everyone should not take the risk of shorting gold near 3330. Now it seems that this reminder is completely necessary. Although gold continues to rebound, the overall performance of...

Steffen_Schade Updated 

If gold can stand above 3330 today, it will stimulate long trading behavior to a certain extent, especially the self-rescue behavior of trapped longs. Gold may continue to rebound and is expected to reach the 3345-3355 area. So there is no need to risk shorting gold near 3330 for the time being; although gold may continue to rebound, it is still under pressure in...

Steffen_Schade Updated 

Gold rebounded after touching 3312, and has now rebounded to 3330, but the rebound strength is far less than the decline strength, so the overall performance of gold is still weak. Because gold fell sharply yesterday, the market bullish confidence suffered a heavy blow, and there are many resistances above after gold fell and broke, and it is under pressure at...

Steffen_Schade Updated 

BTC tends to fluctuate in the short term, but as BTC builds a double bottom structure to support the rebound pattern, it is currently inclined to fluctuate upward. Although the upward momentum has weakened after reaching around 106,000, as long as it stays above the 105,300-104,800 area, BTC is still expected to continue to rise and may challenge the...

Steffen_Schade Updated 

Although gold is under pressure and weak at present, gold still rebounded near 3295 under the influence of yesterday's major negative news, proving that there is still a large amount of buying funds below, limiting the retracement space of gold; and from 3295 to 3335, there is still a rebound space of $40, proving that gold is not extremely weak. Moreover, there...

Steffen_Schade

After the ceasefire agreement between Iran and Israel and Powell's hawkish remarks that strongly refuted the possibility of a rate cut, gold fell sharply and hit a low near 3295. Although gold has rebounded, it is particularly difficult during the rebound process, which shows that the bulls are not willing to attack, and the rebound is only a technical repair of...

Steffen_Schade Updated 

At present, gold has touched the area of ​​3325-3315 mentioned in my previous article, and the lowest price is around 3316. At present, due to the current important support area of ​​3310-3300 below, gold still has a rebound demand in the short term; although gold has not rebounded sharply at present, the downward momentum has indeed slowed down, and gold may...

Steffen_Schade Updated 

Gold is currently continuing to retreat, and the lowest has reached around 3333. Gold is quite weak, and the bears have completely taken the upper hand. The overall center of gravity of gold is shifting downward, and the short-term support below is 3330-3325. Once gold falls below this support area, gold may continue to fall to 3300, or even 3280; since gold has...

Steffen_Schade Updated 

As gold continues to rebound, bulls are reversing their decline. After gold broke through the 3370-3380 area, the current market consensus on 3350-3340 as the bottom area was strengthened. However, as gold fell back under pressure several times after the rebound, it proved that there was still a certain amount of selling pressure above, and it was obvious that the...

Steffen_Schade Updated 

At present, gold has rebounded to the 3370-3380 area again, which largely confirms that 3350-3340 is the bottom area at this stage. However, what we still cannot underestimate is that even with the support of safe-haven, gold has still failed to effectively break through the resistance of 3385-3395-3405 area, and even fell under pressure several times. To a...

Steffen_Schade Updated 

BTC has encountered resistance and fallen back several times near 110,000, forming an absolute suppression in the short term. It is difficult for BTC to overcome this resistance area in the short term. As BTC has been unable to break through for a long time, some profit-taking and panic selling will cause BTC to gradually collapse. At present, BTC has fallen back...

Steffen_Schade

Although gold has risen sharply to around 3375 in the short term due to the dovish remarks of Fed officials, it has not made an effective breakthrough. Therefore, gold has not reversed its trend due to the short-term rebound. Gold is still in an obvious short trend. In the short term, gold is obviously under pressure in the 3365-3375 area. If gold fails to break...

Steffen_Schade Updated 

Obviously, gold is currently fluctuating downward, and in the short term, there is a certain support in the 3340-3330 area, so gold will not fall below this support area in one fell swoop, and it is still possible to rebound to the 3360-3370 area with the support of this area. If gold encounters resistance and retreats again after touching the 3360-3370 area, if...

Steffen_Schade Updated 

Gold is currently dominated by bears, but thanks to the support of risk aversion caused by geopolitical conflicts, gold has shown a certain degree of resistance to decline while falling. Therefore, the current market direction is very clear, with weak and volatile downward movement. But under this market situation, we cannot short gold excessively. We can only...

Steffen_Schade Updated 

Gold has currently hit a low of around 3347, and rebounded after slightly breaking through 3350. It has now rebounded to around 3370. Will gold continue to rebound and hit 3400 again? I think it is unlikely that gold will continue to rebound and hit 3400 in the short term. From a fundamental perspective, many of the news leaked out about the situation in the...

Steffen_Schade Updated 

In nearly an hour, the Fed will announce the Fed's interest rate decision and a summary of economic expectations; In nearly an hour and a half, Powell will hold a monetary policy press conference. If the Fed's policy statement or the latest forecast shows a dovish tendency, it may resume the downward trend of the US dollar, thereby supporting the upward trend of...

Steffen_Schade Updated 

Gold is currently fluctuating in a narrow range of 3380-3385, and the trend is relatively slow. We also need more patience. In comparison, I think the current short-selling force has a slight upper hand, because gold has shown signs of accelerating decline after a difficult rebound many times, and has fallen below 3380 many times. According to the current gold...

Steffen_Schade Updated 

Because gold fell back to the expected support area of ​​3375-3365 first, I just took the opportunity to go long on gold near 3372 and set TP: 3390. Obviously, our long position ended the transaction by hitting TP, and we made a profit of 180pips. At present, gold continues to rebound to around 3396, and is facing the short-term resistance area of ​​3395-3405,...