Aurum_Capital

Aurum_Capital

OANDA:XAUUSD After the release of non-agricultural data on Friday night, the data performance was significantly negative, and the price of gold fell rapidly and sharply. The price of gold has fallen back under pressure many times, showing that the upside space for bulls has been very limited. The price of gold rebounded in the short term after retracing to...

Aurum_Capital Updated 

OANDA:XAUUSD Yesterday, gold rose due to risk aversion. On the surface, it seemed strong, but the rise was not sustainable enough. We arranged short orders for members in the 2668-2670 area yesterday, and closed the positions in batches in the 2645-2648 area today, making a profit of more than 20 US dollars. Gold fell as expected, making a lot of profit. At...

Aurum_Capital Updated 

OANDA:XAUUSD Gold showed a repeated sideways trend on Friday. We arranged short orders at 2673-2670 in advance. The market fell as expected, falling all the way and touching the 2845 line. Whether it is a high or low reference support and resistance idea, as long as it is implemented in place, it will definitely make a lot of money. Although the gold price hit a...

Aurum_Capital Updated 

Strategies for Deeply Trapped Positions: When your position is deeply trapped, it usually indicates that your initial trade decision was wrong, especially if you encountered a strong one-sided trend. Such trends often move in one direction without reversal. If you naively wait for the price to recover, you will face significant psychological stress and financial...

Aurum_Capital Updated 

Becoming a mature gold trader requires a comprehensive mastery of market knowledge, psychological qualities and trading skills. This does not rely solely on short-term successful trading, but is based on long-term learning, experience accumulation and strict discipline. Here are some key steps to help you grow into a mature gold trader: 1. Master the...

Aurum_Capital Updated 

Today, gold failed to maintain support after breaking through a new high, and quickly fell back below yesterday's high, indicating that it may have peaked in the short term. In the analysis over the weekend, it was mentioned that the ultimate target of gold this week is in the 2640-2650 area. However, today, the price of gold quickly pulled back after reaching...

Aurum_Capital Updated 

This morning, gold slightly retreated to confirm the support of 2616 and then pulled up again, breaking through 2630. From the overall rhythm, the second stage of this round of pull-up presents a "sweeping rise" pattern, that is, each rise is accompanied by a more obvious retracement, and the retracement will boost the second rise. For example, the price of gold...

Aurum_Capital Updated 

From a technical perspective, gold closed positively on a weekly basis. A wave of bottoming and rebounding at the end of the week pushed the weekly line to close with a positive line with a lower shadow, showing the strengthening of bullish power. In terms of the overall structure of the weekly line, various indicators are biased towards the bulls, indicating...

Aurum_Capital Updated 

Yesterday, affected by the Fed's interest rate decision, gold rose rapidly, reaching a high of $2,600 before retreating, and finally entered an adjustment trend, reaching a low of $2,546, with an overall decline of nearly $50. It then rebounded in the late trading period, and rebounded after bottoming out again in the early trading today. The current price is...

Aurum_Capital

Technical analysis of gold: Starting from Thursday this week, after gold broke through the previous historical high, it continued to rise slowly on Friday, and there was no obvious sign of a correction. In this case, we need to be vigilant that bulls will take profits at any time, which may trigger a rapid correction. Rising without adjustment is often...

Aurum_Capital Updated 

From a technical point of view, gold shows an obvious bullish trend on the daily chart. The current gold price has strongly broken through the upper track of the Bollinger Band and successfully broke through the previous consolidation range, marking the start of a new round of rising market. With the recent high resistance being broken, the bullish pattern has...

Aurum_Capital

OANDA:XAUUSD The current gold price remains within the shock range mentioned yesterday. During today's white trading, gold prices hit a high of around 2,529, the high point reached when the non-agricultural data was released last week, and then began to fall. We simultaneously provided a short order strategy in the 2526-2529 range, and successfully captured the...

Aurum_Capital

The recent trend of gold is quite subtle. Since mid-August, the price of gold has been fluctuating in the range of 2470-2530. Every time it touches the top of the range, there is a callback, and when it touches the bottom of the range, it rebounds. The overall range has not been effectively broken. Last Friday's non-agricultural data only triggered a small...

Aurum_Capital Updated 

Last week, gold closed with a cross star, and the daily line showed a trend of high exploration and decline, indicating that it was under pressure at the upper track of the range. In the short term, the price of gold is still fluctuating in a wide range of 2530-2470, and the non-agricultural data last Friday did not break this range. The current market shows that...

Aurum_Capital Updated 

Recently, we have been emphasizing that gold should not chase the rise above 2530, and wait for the opportunity to arrange short orders at high levels at any time. The trend of gold on Friday was in line with expectations, with a sharp drop during the US trading session. Overall, the sharp drop from the high level may indicate that the top has appeared. However,...

Aurum_Capital

Today , the US market will see the release of the US ADP employment data for August, followed by the release of non-farm data on Friday. Therefore, the trend in the second half of this week needs to be treated separately from the first half of the week. Gold quickly recovered from its two declines this week. During today's Asian session, gold prices continued to...

Aurum_Capital Updated 

In the last trading day, gold rebounded after a slight decline, and a small hammer line was formed on the daily chart, showing a short-term bull-bear tug-of-war situation. At present, gold is still in a narrow range of high fluctuations, but the short-term moving average begins to diverge downward, indicating that the market has signs of moving out of the high...

Aurum_Capital Updated 

OANDA:XAUUSD Last month, the overall trend of gold prices was strong, mainly supported by the conflict between Russia and Ukraine and the geopolitical situation in the Middle East. In addition, the US debt problem and inflationary pressure made it difficult for the Federal Reserve to implement a tighter monetary policy in the short term, which further supported...