Trading_Steffen

Trading_Steffen

Due to the trade tensions caused by tariffs and the continued conflict between the White House and the Federal Reserve, gold continued to rise, and the current highest has reached around 3438. Obviously, after gold rose strongly and broke through the 3400 and 3420 areas, the bullish sentiment of gold has been ignited. Next, we need to pay attention to whether gold...

Trading_Steffen Updated 

Since the start of the London market, gold has almost maintained a narrow range of fluctuations in the 3390-3385 area. Compared with yesterday, the market is much weaker today, and gold has failed to stabilize at 3400 several times, indicating that the sentiment of cashing out near this area is also very high. From the current gold structure, gold is obviously...

Trading_Steffen Updated 

Gold finally showed signs of retreat. We are still holding a short position near 3400. So far, we have made a profit of 50 pips. However, I will still hold it to see if gold can fall back to the 3385-3375 area as expected. We have completed 2 transactions today, and there is still 1 transaction left to hold. 1. First, we bought gold near 3345 and ended the...

Trading_Steffen Updated 

Today, gold rebounded from around 3345, and has now rebounded to around 3389, which is only one step away from the 3400 mark. Gold has hardly retreated during the rise, and the rise is strong. However, we can see from the small-level candle chart that gold suddenly accelerated its rise after consolidating around 3365, and continued to around 3390, and is now...

Trading_Steffen Updated 

News that must be paid attention to: 1. The Middle East region is in constant conflict and the situation is unstable, which may re-stimulate the market's risk aversion sentiment; 2. Trump strongly called for a rate cut, and many Fed directors agreed to the rate cut. Under the situation of internal and external troubles, can Powell withstand the pressure of rate...

Trading_Steffen Updated 

Under the influence of negative news, gold today fell below the recent low of 3320 and continued to fall to around 3310. The current gold structure looks particularly obvious, the center of gravity of gold gradually moves downward, and the short trend is extremely obvious; however, as gold repeatedly probes the 3320-3310 area, we can clearly see the resistance of...

Trading_Steffen Updated 

Under the influence of unemployment benefits and zero monthly sales data, gold fell sharply in the short term, but it did not effectively fall below 3310 during multiple tests, effectively curbing the further downward space of the shorts. Multiple structural supports are also concentrated in the 3310-3300 area, so as long as gold does not fall below this area,...

Trading_Steffen Updated 

Because of the news that Trump hinted at firing Powell, gold surged strongly in the short term and passed to 3377, recovering the recent decline in one fell swoop. We went long on gold near 3323 in advance, and went long on gold near 3340 again after gold retreated, hitting TP: 3345 and 3355 respectively. The two long trades successfully made a profit of 370pips,...

Trading_Steffen Updated 

Gold maintained a volatile trend today, but the highest intraday price only touched 3343. Overall, gold is still weak, but the bulls have not completely given up, and there is still a certain amount of energy, which limits the retracement space of gold. The current short-term support is in the 3325-3315 area. If gold cannot fall below this area in such a weak...

Trading_Steffen Updated 

"If gold cannot break through the 3365-3375 area, gold will fall under pressure again, or refresh the recent low of 3341, and continue to the 3335-3325 area." Gold's performance today is completely in line with my expectations. Gold just retreated to a low of around 3320, but soon recovered above 3325, proving that there is strong buying support below. From the...

Trading_Steffen Updated 

Refer to my previous trading idea. Gold retreated as expected. We almost caught the highest point of the day and shorted gold near 3365, and successfully hit TP: 3346, which enabled us to successfully profit 190pips in short-term trading, with a profit of nearly $10K, which is a good result in short-term trading. Currently, the lowest point of gold in the...

Trading_Steffen Updated 

Gold repeatedly touched around 3375 yesterday and then fell under pressure, proving that there is strong resistance above. Moreover, after gold retreated and touched around 3341 yesterday, it did not recover in time and stand above 3350. It was not until today that it rebounded and touched around 3365. The rebound cycle has been extended to the present, and the...

Trading_Steffen Updated 

Today, gold hit 3375 several times and then fell back after encountering resistance. The lowest has reached 3341. Although the rising structure has not been completely destroyed, and the technical double bottom structure and the inverted head and shoulder structure support resonance effect still exist below, since gold fell below 3350, it has not even been able to...

Trading_Steffen Updated 

Gold continued to rebound today, and we also successfully gained 150pips profit in long gold trading. However, although gold is currently maintaining its upward trend, the rebound strength of gold is not strong during the European session, and it has repeatedly touched 3375 and then fell back, proving that there is still some resistance above. In my previous...

Trading_Steffen Updated 

Gold rose as soon as the market opened, and the highest has now reached above 3374. The upward momentum of gold is strong. It can be seen that after breaking through the recent high of 3365, its morphological structure has obviously tended to a bullish structure, and the technical form shows a "W" double bottom structure and an inverted head and shoulder...

Trading_Steffen Updated 

Gold maintained a slow and volatile rise structure during the day. The highest has reached 3348, and it is only a step away from 3350. Will gold continue its upward momentum as usual? In fact, it was beyond my expectation that gold could break through 3345 in the short term. According to my original expectation, the intraday high of gold was almost around 3345....

Trading_Steffen Updated 

Gold has rebounded to around 3336, and seems to have tried to stand above 3335, but it has not stood firm. Therefore, it cannot be considered that the bulls have an advantage just because gold has tried to break through 3335. Recently, I have been reminding everyone that before gold stands above 3335, the bears still have the spare power to dominate the market, so...

Trading_Steffen Updated 

Today, the gold market is in a stalemate between long and short positions, with the market fluctuating sideways for a long time and maintaining an overall volatile trend. Although the rebound of gold has won a respite for the bulls, the rebound of gold during the day is not enough to completely reverse the decline. I think that before the 3325-3335 area is...