Wealth-Helmsman

Wealth-Helmsman

Yesterday, the overall gold price showed a high-level box-shaped oscillation trend. After opening lower in the morning, it rebounded and successfully recovered some of the losses. However, the 3245 line is still a strong pressure point above, limiting the room for price increases. Although a saturated large positive column was formed on the daily chart on Friday,...

Wealth-Helmsman

Looking back at the trend of last Friday, gold showed a fluctuating upward trend driven by three consecutive big positive lines. Affected by the escalation of the tariff war, the bullish momentum is still strong. Every time the European and American markets fall back to around 3210, there is a support rebound. In the late trading, gold fell back to around 3220,...

Wealth-Helmsman

Recently, global trade tensions have continued to heat up, the risk aversion sentiment in the gold market has increased significantly, and the gold price trend has been unusually strong. In just three trading days, the gold price has continuously broken through multiple integer barriers, once reaching a record high of $3,244. More significantly, the weekly chart...

Wealth-Helmsman

Affected by the escalation of global trade tensions, gold's safe-haven properties have once again become prominent. On Wednesday, gold prices rose sharply, breaking through the 3100 mark and reaching a high of 3130, indicating that market risk aversion has significantly increased. The US CPI data will be released in the evening, which is expected to cause...

Wealth-Helmsman

The current gold market presents a pattern of "mid-term adjustment in the main bullish trend", with three key technical features: the rhythm of "high in the Asian and European sessions and fall in the US session" was formed at the beginning of the week; the price fluctuated and consolidated in the range of 2955-3055; the volatility shrank significantly, and the...

Wealth-Helmsman

Today's short-term support for gold is between 2973 and 2975. This price range is supported by a small double bottom structure and may become a support area in the short term. The mid-term support is near 2956, which coincides with the 10-week moving average. This is a key support area. If it falls below it, it may trigger further declines. Short-term resistance...

Wealth-Helmsman

The daily chart of gold shows that the RSI has fallen from nearly 80 to 50, suggesting that the recent decline in gold prices is not just a technical correction. Today's opening was low and continued the decline on Friday. The daily trend may form a continuous decline. The current high point continues to decline, indicating that it is easy to form a downward trend...

Wealth-Helmsman

After the breakout in the previous upward trend of gold continued. The price and the 2830 low began to form a new upward trend. After three highs in 4 hours, the price also reached the 3168 line. Subsequently, this week and the high were violently washed, and the rise and fall of both long and short positions were expanded to 100 US dollars. The current price is...

Wealth-Helmsman

Market dynamics In the early Asian session on Thursday, spot gold continued its strong rise, hitting a record high of $3,165.35 per ounce. This wave of gains was mainly stimulated by the remarks of US President Trump that he would impose a 10% benchmark tariff on all imported goods, and the market's risk aversion sentiment has risen sharply. However, after setting...

Wealth-Helmsman Updated 

After continuing to rise, gold fell from its highs during yesterday's US trading session to test the 3100 integer support, and then stabilized and rebounded. After today's shock repair, the gold price finally stood above 3100, showing an overall strong trend. However, from the technical structure, the upward trend line at the hourly level has been broken, and the...

Wealth-Helmsman

From the 1-hour gold chart, overnight gold closed at around 3123, with a starting point of 3076 and a high of 3128. The US session bottomed out and rebounded to a low of 3100, and retested the low of 3111 in the early morning. ​Today's Asian session continued to rise to around 3148, with a starting point of 3119. The current trend fell back. But it did not break...

Wealth-Helmsman Updated 

The core contradiction of the current gold market lies in the dual drive of risk aversion demand and policy expectations. Based on the fundamental and technical signals, spot gold is still in a bull-dominated upward cycle in the short term, but we need to be vigilant about marginal changes in market sentiment. Last Friday, it hit a high of 3085 and then fell...

Wealth-Helmsman Updated 

Gold has recently seen a strong bullish rise, and the price has hit a new high. In the Asian session, gold retreated to the 3085 line and then rebounded and continued to rise. The current price is 3112. In the 4-hour view, gold continued to rise to the 2830 line, breaking through after the previous two adjustments. This is also the third breakout and rising...

Wealth-Helmsman

After gold broke through the horizontal range, the price continued to rise to 3086. It fell back to 3066 in the European session. It fell into a narrow range in the US session. From the current trend, gold is in the adjustment stage after accelerating its rise, but the overall trend has not shown signs of stagflation. There is still a possibility of further rise...

Wealth-Helmsman

Gold bulls continue again. Overall, the strong upward trend breaks through the high again, and the daily cycle is a very obvious strong pattern. The price is steadily rising along the short-term moving average. As time goes by, the upper track continues to move up, and the upward space is also opened. Obviously, the strong demand of buyers in Asia is dominating...

Wealth-Helmsman

Gold fluctuated in a narrow range, and the short-term moving average turned downward, showing initial signs of weakening, but it is still in a bull market overall. Strong buying support was formed at the 3000 mark, and a "W double bottom" structure was formed below. If the 3035 watershed is broken, the historical highs of 3045 and 3057 may be tested. Be alert to...

Wealth-Helmsman Updated 

The price of gold has recently shown complex fluctuations. It first pulled back to around 3016 in the morning, then rebounded to 3027, then quickly fell to 3013, and then rebounded to 3025, forming an inverted V shape. At present, gold is still in the high-level consolidation stage. The 4-hour cycle shows that the gold price is suppressed by the moving average....

Wealth-Helmsman

Gold is still in the stage of high-level shock and consolidation. Although it has not formed a strong break, the low point of the correction has gradually moved up (3000→3015), showing that the bulls are still resilient. The technical pattern has been repaired and the short-term trend is strong. The current market is in a strong shock pattern, but it needs to...