Aurum_Capital

Aurum_Capital

✅The current gold trend shows obvious weakness at the 4-hour level. The price is temporarily under pressure below the short-term moving average, and the overall low-level fluctuations are maintained. From the market point of view, the rebound strength and continuity are weak, showing the characteristics of the market's lack of upward momentum. In the short term,...

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✅The current gold price is in a continuous decline, and the decline is gradual. After each rebound, a new round of decline will begin. The high point of the rebound has not broken through the starting point, indicating that the bearish force dominates the market. ✅The 10-day moving average is the key reference position for the current rebound and callback. If the...

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✅From the technical chart, gold is still below the main moving averages, and the short-term technical indicators are in the bearish area, indicating a clear downward trend. At present, the momentum of gold's rise is weak, and the risk of falling is relatively large. If the price of gold falls further, $2,580 is an important support level. Once it falls below this...

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✅Today, gold faces a pivotal moment as the final Federal Reserve interest rate decision of 2024 is set to be announced. The market overwhelmingly expects a 25-basis-point rate cut, which is essentially seen as a certainty. This decision is considered bullish for gold, further supported by ongoing geopolitical tensions, suggesting that gold's upward trend is likely...

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✅Yesterday, gold closed with a cross star candlestick. Although it once dropped to a low of 2633, it rebounded and closed above 2645 at the end of the trading day, close to the opening price. The overall trend continued to fluctuate slowly, and the key support level below was near 2605, which was the critical point for the short-term long and short competition....

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🔸The overall market sentiment is currently cautious, mainly because of the major event of the Federal Reserve's interest rate decision to be announced this week. The market generally chooses to wait and see, and the trading atmosphere is relatively light. Gold retreated slightly after opening at the beginning of the week, and then began to pull back and correct,...

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✅Support area below: The strong short-term support level of gold is in the 2640-2635 area. This position is expected to become the key area for short-term bullish rebound, so it is not recommended to chase shorts below 2650. If the short-term drops to around 2640 again, it will be a good opportunity for longs to enter the market, rather than a time to chase...

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✅This week's golden weekly closed a positive line with a long upper shadow, showing that bulls still have some strength, but the short-term moving average has clearly turned downward and the MACD indicator has opened downward after heavy volume after a dead cross at a high level, indicating the overall weekly trend. Bearish. ✅The daily structure shows a typical...

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🔸Daily level: Gold prices continued to close the positive line at the beginning of the week, but fell back under pressure near 2726.50 yesterday. The daily line closed the negative line, giving up the previous gains, showing that the strong continuity is insufficient. At present, the daily K-line closed near the low point of the previous day, showing a typical...

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🔸Judging from the current technical trend, the possibility of gold directly breaking through 2730 and hitting a new high is low. If there is significant selling pressure in the 2720-2730 area above, it will trigger profit-taking by bulls, or trigger short-selling sentiment as risk aversion subsides, thus becoming a signal for a new round of daily decline in gold....

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✅Gold continued to close positive on the hourly chart in early trading, with the price hitting the key psychological mark of 2,700 and briefly breaking through. However, after the breakthrough, gold did not accelerate upward quickly, but fell back slightly, which shows that the market showed a certain hesitation at the key point. The short-term pullback provides...

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✅The long-term trend of gold is bullish, the medium-term trend is unclear, and the short-term trend is bullish. According to the Ichimoku Kinko Hyo, the gold price continued to break through 2676 in the 4-hour period, and rose steadily based on the top and bottom conversion positions. The short-term trend of gold tends to rise. ✅The overall fundamental news is...

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🔸Today, gold continued to consolidate at a high level and did not continue its strong rise. There is a possibility of a correction at any time in the short term. Although gold broke upward, the strength was relatively limited. A "double top" pattern was formed in the short term, and the key support level below was near 2645. If the gold price fails to fall below...

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🔸Gold Technical Analysis, December 9 🔹The upper track of the current adjustment channel of gold has gradually moved down to the 2670 line, and the lower track support has gradually moved up to the 2590 line. These two positions coincide with the 10-day moving average and the middle track of the weekly line, forming important support and pressure points. In the...

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✅The recent trend of gold has continued to fluctuate. Although the market is looking forward to breaking the balance after non-agricultural data, the results are slightly dull, and the gold price has not experienced significant unilateral fluctuations. Overall, gold maintains a volatile and weak trend, with its highs gradually moving downwards and the moving...

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🔸Recently, I have been reminding everyone to pay attention to the operation within the range in gold trading and avoid one-way chasing orders. Yesterday, gold fell after being under pressure near 2655, and continued to fall in the morning today. At present, the short-term short energy has basically been released, and the bottom of gold is close to the key support...

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🔸Since gold fell sharply last Monday, the overall trend has been slightly volatile. In the three trading days this week, the daily high of gold has always been suppressed by the MA60 moving average, and it fell back quickly after each time it was touched. Today's suppression position is around 2657. The 2630-2632 support range below is still stable after being...

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🔸Hello everyone! This week, gold hit the 2650 mark for two consecutive days and was blocked and fell back, indicating that there is a lot of short pressure at this position. The current daily line is in a weak oscillation after a big negative line. The weekly line 2790 forms a dusk star pattern, which clearly signals the top; the monthly line closes at a high...