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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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,...

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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...

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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...

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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...

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Technical analysis of gold: During the US trading session last Friday, despite the positive PCE data, gold failed to show a significant upward trend. Several recent positive news have failed to help gold prices break through historical highs, reflecting strong resistance in the historical high area. Gold fell below the 2500 mark as expected during the US trading...

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The recent fluctuations in gold prices have failed to continue to rise, nor have they broken through the previous highs, indicating that the market is still in a volatile trend. In such an environment, chasing the rise is not the best choice. As long as gold fails to break through the key high, it is expected that it will maintain a volatile pattern with a high...

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Today, gold fell from its highs and the trend turned weak. After hitting the highs, the price of gold continued to fall and once fell below the $2,500 mark. Although the price briefly recovered 2,500, from a technical point of view, the short-term downward trend of gold has been established. The failure to break through the highs means that the strength of the...