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Gold daily line hits a new high. Previously, the continuous small Yangxing K-line correction accumulated momentum. Yesterday, the big Yang line closed at a high level with large volume. The trend will continue the next day. The daily line continues to rise strongly. The current K-line pattern has broken through last week's high point and remains strong. In the...

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Technical analysis of gold: Gold is currently maintaining a high range of fluctuations in the daily trend. In the morning, gold opened with a gap and fell to the lowest level of 2724, then filled the gap and rose to the resistance level of 2745. It is still hovering around the 2738 level and fluctuating sideways. It is still under pressure. In addition, the...

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From the market point of view, yesterday's high consolidation showed the strength of the bulls. Although the price was under pressure from the high point of 2750 and ran below 2740, it does not mean that the bulls have lost their advantage. As I said in the previous period, 2685 is considered to be a correction if it is not broken. In terms of the daily structure,...

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From the market perspective, whether it is weekly or daily, a new historical high is a high probability event; but in the medium term, the weekly and monthly lines have ushered in a turning point event, and the beginning of the month is full of economic data and news, especially the US election, the Federal Reserve interest rate decision and US non-farm data....

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The number of initial jobless claims in the United States hit a new low, indicating that the job market is improving and may reduce demand for gold; secondly, global central bank monetary policies have a significant impact, and loose policies support gold prices, but future policy changes may restrain the rise; thirdly, the situation in the Middle East Tensions...

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The highest intraday gold price tested was around 2757.70. Although it was under pressure during the European session, the rising pattern of gold prices broke through the upper track of the short-term convergent triangle pattern, switching from one range to another. Therefore, even if it pulls back more and steps back on the trend line, it will continue to rebound...

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On Friday in the Asian session, the 1-hour range of crude oil gradually closed, with the upper rail under pressure at 71.2 and the lower rail support at 69.7. The general direction of the rise and fall is unclear. Let's first look at the breakthrough of this small range and then decide on the follow-up. The support below is 69 and this week's low of 68.4. Only...

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According to the current trend, gold is still strong, but with the US election approaching, for the sake of votes, there will inevitably be policies or news that are favorable to the US dollar in the short term, which may be bearish for gold to fall. Therefore, we are optimistic about a second peak next week, and then a decline. In the short term, pay attention to...

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With the Bank of Canada cutting interest rates by 50 basis points, the US dollar index is rising. BTC just plunged suddenly, and the correction this time is not small. You can continue to short at 67500.