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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...

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🔶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...

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🔶Gold continues to close positive on the weekly chart, and the current pattern is steadily upward. There is potential for continued upward movement next week. The weekly support level is near 2719, and the upper pressure level is near the previous high of 2758. At present, the upward space has not yet capped, so it is recommended not to guess the top easily. In...

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🔸After a sharp correction of $50, the momentum of gold bulls has been frustrated, but it has not yet reached its peak. From the technical trend, this rapid decline will not immediately change the overall bullish trend, but will temporarily turn the trend into a high-level oscillation pattern. A clear top structure has not yet been formed, nor does it mean that a...

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🔸Yesterday, the daily gold line closed with a big negative line, showing a short-term peak signal. However, from a larger cycle, gold is still in a bullish trend, and the current decline has not changed the overall trend. From a technical perspective, only if it falls below the key position of 2680, gold may enter a weekly short market. Therefore, despite the...

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🔥The current daily trend of gold is stable, and it continues to fluctuate upward along the short-term moving average, and there is no sign of peaking yet. The 4-hour chart shows that the short-term moving average diverges upward, and the opening price slightly retreats but does not change the strong pattern. In the short term, attention should be paid to the...

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🚀Gold Buy @ 2738-2740 TP 2745-2747 🚀Gold Sell @ 2745-2747 TP 2740-2738

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Gold Technical Analysis, October 18 The recent trend of gold has been extremely strong. After breaking through the $2,700 mark, the price continued to accelerate upward, showing a clear bull-dominated market. After the early morning breakthrough, market sentiment further strengthened, and the gold price showed a rapid rise. This strong trend is often accompanied...

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From a technical perspective, the daily structure of gold closed negative yesterday, breaking the previous pattern of three consecutive positives. However, the gold price is still stable above the short-term moving average, especially above yesterday's low of 2643, indicating that the bulls are still stronger than the bears. Despite this, other periodic...

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Judging from the daily chart, the price of gold has closed positive for two consecutive days, pulling up above the short-term moving average (MA5), and other periodic moving averages (MA10 and MA20) also show an upward trend. The Bollinger Bands showed signs of flattening as a whole, and the MACD double lines also showed signs of flattening. The green kinetic...

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Gold Trading Strategy For Monday!!! At the weekly level, gold continues to fluctuate at high levels and within a narrow range along the short-term moving average. Although the weekly correction is not strong, we need to be wary of the possible continuation of the upward trend after a slight break in the weekly line. The current trend shows that the overall trend...

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Gold Technical Analysis, October 11 From a technical point of view, gold has indeed rebounded at the daily level, but the K-line is still under pressure from the short-term moving average, and the overall weak pattern still exists. Although the rebound has repaired some technical patterns, overall, gold may maintain a weak trend of high-level fluctuations on the...

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Gold fell again yesterday, with six consecutive negative lines on the daily line. The price remained below $2,620 for most of the time, and the overall trend fell below the 20-day moving average. The current 5-day moving average is below the 10-day moving average, and it shows a trend of short-term divergence. Therefore, we continue to maintain a short-term...

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Gold Technical Analysis, October 9 The short trend in the gold market has become increasingly clear recently. After several days of rebound and pressure, the price of gold fell sharply yesterday and successfully broke down. This trend is exactly the same as our previous prediction. As early as the beginning of the week, we emphasized that gold had a significant...

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From the 1-hour market, gold has shown new downward space. It is expected that the 2600 mark may be lost, and there is still downward space in the future. However, it is not recommended to rush to short in terms of operation strategy. Although the current market is weak, if there is a rebound, the rebound is expected to exceed US$20. Therefore, it is recommended...

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At present, the daily chart of gold shows a continuous cross star K-line pattern, indicating a high-level consolidation trend, and is in a shock correction stage in the short term. Yesterday, the price of gold continued to fluctuate repeatedly in the range of 2670-2623, and the daily line paused for consolidation, indicating that the market has entered a period...

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From the technical perspective of gold, the weekly line recorded a small negative cross star, ending the previous three consecutive positive arrangements. The current price is between the upper track of the Bollinger Band and the short-term moving average, far away from the long-term moving average. Although the moving average system as a whole shows an upward...

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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...