Aurum_Capital

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🔶Yesterday, the price of gold rose sharply, and the daily line closed with a big positive line. The price of gold rose strongly from $2564 to $2614, an increase of more than $50 in a single day. In the morning trading today, the price of gold further rose, reaching a high of $2626, and has now risen by $63. The short-term pattern and technical indicators have...

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🔶After the gold daily line experienced a 6-day adjustment and decline, the short-term downward trend has eased, and there are signs of stabilization and rise. The stochastic indicator (KDJ) is at a low level, although it is temporarily blunted, but the further downward space is limited. The MACD indicator double-line adhesion is downward, and the kinetic energy...

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🔥Dear investors, have a good weekend. 🔶Recently, everyone has been paying close attention to whether the gold bull market is over. Although the current correction is large and short-lived, from the overall increase this year, the gold price has risen by about $800, which is a record high in terms of both the increase ratio and the absolute price increase. After a...

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Gold's daily line rebounded after a continuous decline. It ended with a long lower shadow hammer yesterday, indicating that the downward momentum has been suspended and the rebound correction is reasonable. It closed at a neutral position, and the overall trend was still bearish. The rebound was weak, indicating that the bears have not yet reversed, and it is...

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🔶In the early European session on Thursday, gold prices continued to fall and have now fallen below the key support level of $2,550, hitting a two-month low. In the short term, the gold market is affected by the strength of the US dollar and expectations of US economic data, and the technical side gradually tends to be bearish. 🔶Gold prices have closed negative...

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The current trend of gold is in line with expectations. The price of gold has fallen back after rising and is currently below 2600. The daily line closed lower on four consecutive negative lines, and the decline continued and gradually deepened, showing a weak short-term pattern in the short term. Yesterday, gold rebounded to 2618 and then fell back under...

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🔶Judging from the current trend, since gold began to fall after the election, although there have been occasional rebounds, the overall trend is still an inserted downward trend. There is no clear reversal signal in the market, and the repeated fluctuations during the session seem to be tempting to buy more. Although the technical indicators below the 4-hour level...

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🔶Gold bulls are currently lacking in momentum, and the price has fallen below a new low again, with an obvious bearish trend. The 4-hour chart shows that the moving average system maintains a dead cross and diverges downward, indicating that the bearish force continues to increase, suggesting that the downward trend of gold has not yet ended. 🔶From a technical...

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🔶Yesterday, gold continued to fall as expected, with a single-day drop of nearly $76. It rebounded in the late trading and finally closed at around $2,619, with a large real negative line on the daily line. This closing pattern indicates that gold may continue to fall after rebounding today, showing the space and demand for further decline. The daily level once...

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🔶In the trend on Friday, gold showed a pattern of falling back after reaching the top. The daily line closed with a real big negative line, and the closing price was below the 5-day moving average. This pattern suggests that gold may continue to fall next week. From the daily chart, the MACD indicator dead cross and large volume, indicating that the short-selling...

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🔶After a sharp drop yesterday, gold entered a rebound and repair phase. The price stopped falling at 2643 and pulled back. In the Asian session, it showed a step-by-step slow upward trend. Subsequently, driven by the data release and the speech of Fed Chairman Powell, the gold price continued to rise to 2710. 🔶Technical analysis: Daily chart: Gold is currently...

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🔶Yesterday, after the election results became clear, the price of gold fell sharply, falling rapidly from the daily high of 2748 to the 2650 area, a drop of more than 100 points, showing a change in the market's dominant sentiment. With the retracement after yesterday's sharp drop, the early bullish trend has been clearly broken. Currently, bearish sentiment...

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🔶Yesterday, the price of gold fluctuated in a narrow range between 2748 and 2730, and finally fell sharply at 2743. The trend was consistent with yesterday's expectations. At present, the price of gold has dropped to 2701, recording a drop of about 40 points. 🔶From the daily line, the price of gold fell to the bottom support level of the upward trend channel,...

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🔴Short-term upper resistance range @ 2748-2750 🟢Short-term lower support range @ 2728-2730 🔶After the price of gold rebounded from the high, it stopped falling at 2730 and entered the adjustment stage. Yesterday's market narrowed, and the overall trend is still in a slow decline. 🔶On the daily chart, the price of gold fell from the rising channel, and the...

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🔶Last week, gold encountered resistance and stagnation in the upward trend, forming an obvious M-head structure. After the price was under pressure in the 2790 resistance zone, it broke through the 2771 support level and quickly fell back, forming a large waterfall-like decline. Subsequently, gold received support in the 2730 area and launched a corrective...

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🔶Current market situation This week, gold prices retreated sharply after hitting around 2790, and have been weak for two consecutive trading days. Although the non-agricultural data released on Friday provided some positive support for gold, gold still fell under pressure, showing a weak trend. The main focus of the market is on the upcoming US election, but gold...

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🔶Yesterday, the price of gold fluctuated violently, falling sharply from 2790 to 2730, a drop of 60$. With the rebound after the sharp drop, the current price is testing the resistance of 2758. If it breaks through this position, gold is expected to return to the previous oscillation range of 2771-2790 again, and may launch an attack on 2800 again. 🔶From the...

Aurum_Capital Updated 

🔶Yesterday, the price of gold entered a slow upward rhythm after testing the resistance. Overall, it remained in the upward channel of the daily line, but the price fell back after being under pressure at the top of the channel. The current key support level below is 2758. 🔶From the 4-hour chart, the price of gold entered a new upward channel after the previous...