Wealth-Helmsman

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...

Wealth-Helmsman Updated 

Gold is still in the stage of falling back from highs. Resistance in the 3025-3030 area above. If gold wants to reach a new high, it must break the current downward triangle pattern. Support at the 3000 level below, and rebound and pull up after a second dip at this position. The short-term trend is strong. Gold rebounded and repaired in the Asian session, and...

Wealth-Helmsman Updated 

Gold continues last week's downward correction trend. Until the US session, it fell again in large volume. From the hourly line, gold has formed a head and shoulders top breaking structure. And the high point has also formed a second weakening. The upper 3025 line of resistance, if this position is broken, gold is expected to rise again. This means that the...

Wealth-Helmsman Updated 

After gold rose to 3056 last week, the market adjusted horizontally in the range of 3025-3056. Until Friday, the head and shoulders top pattern was formed and the price fell to 3000 points to support and rebound. In the current structure, gold rushed to repair, but the step-by-step rising structure has not been broken. The support area below is 3000-2980. If...

Wealth-Helmsman

Gold's recent trend is still a fluctuating upward trend. Today, it fell back under pressure to 3048 in the Asian session. In the short term, it tested the support of 3025. But the overall trend still maintained a high adjustment. In the case that gold has not formed a turning point at a large level, it is still necessary to be cautious when participating in...

Wealth-Helmsman

From the current trend of gold, although there are technical signals of top divergence, the market has not seen a significant adjustment, indicating that the bullish trend is still strong. The lowest price in the US market on Thursday reached 3025, showing a certain support strength. Mr. Fang’s view is that in a very strong bullish trend, it is reasonable to...

Wealth-Helmsman

Gold has been fluctuating upward recently, reaching a high of 3058 today. It then weakened under pressure in the Asian session and is currently testing 3026. Overall, it is fluctuating upward. On the 4-hour line, gold is currently in a correction near the lower track support of the upward channel. The 3030 line of support below, if this position is broken, gold...

Wealth-Helmsman

Gold weekly, daily and 4-hour levels all show a bullish structure, but there are signs of divergence after the continuous rise in prices, indicating that the upward momentum may weaken. From the historical increase, 3040 is an important risk area, and the limit of the upward space may be around 3080-3090. Key support and resistance: Support area: 4-hour level:...

Wealth-Helmsman Updated 

Gold continued to rise today, with strong bullish power. After failing to turn short in the afternoon, it further broke through the high point, showing that the market is bullish. The 1-hour chart continues to set new highs, and there is still a possibility of a short-term surge, but it should be noted that overbought divergence signals have appeared at the...

Wealth-Helmsman

Gold is currently in a strong bullish trend, and both technical and fundamental factors support further gains. Gold rose as expected yesterday, closing strongly at around 3000 at the end of the day, showing strong bullish power. The monthly and weekly levels show an obvious bullish trend, and the large cycle supports gold to continue to rise. Both the short-term...

Wealth-Helmsman Updated 

After gold fluctuated around the 2980 mark last Friday, the bulls broke through. Although it fell under pressure after rising to 3000 points, it remained strong overall. Both the 4-hour chart and the daily chart show that the bulls are dominant. Short-term support: 2975-2980 area. Key support: 2956-2960 area (bull-bear watershed). Resistance: 3000-3005 area,...

Wealth-Helmsman Updated 

After gold adjusted horizontally last week, the trend broke through and rose based on news stimulation. The price continued to rise to the 3000 line. The pattern also changed from a wide range to a triangle convergence breakthrough. The current trend is short-term surge adjustment, the hourly line and 2990-2980 are repeatedly pulled, and the upper 3000 point...