ErinTrading

ErinTrading

Recently, the gold market has been in a narrow range, but after yesterday's extreme convergence, it finally fell significantly. The price weakened at the 2650 line, and the market continued until the opening of the Asian session. It accelerated downward for the second time, and finally stopped falling and quickly rebounded after touching the 2612 line. This...

ErinTrading Updated 

Gold rebounded today after a downward test, and the short-term structure is still in an upward channel. The resistance of the 2665-2671 area is tested above the hourly line. If this area breaks up, it will echo the rising triangle at the daily level, and it is expected to hit 2685 and 2700 again in the future. The current trend is rising again after the low...

ErinTrading

In the Asian session, after the gold price broke through 2640, it has been maintained in a narrow adjustment range of 2653-2650 in the short term. After entering the US session, the price weakened to 2646, but then rose again. At present, gold has formed a narrow adjustment range between 2645-2655 in the short term. From the hourly line, gold is still in the...

ErinTrading Updated 

The current gold price rebounded from a low level, but it is still in the adjustment range. Although it has risen in the short term, the market is under great pressure in the resistance area of ​​2630-2640. The formation of this area is due to the fact that the price has rebounded and pulled back here many times before, showing the market's sensitivity to this...

ErinTrading

Gold fell from its high yesterday. The price fell back to 2720 and fell to 2605. The trend also gave up the gains of the four days of the previous week. The daily trend still maintains a five-wave decline structure. The upper 2720 line resistance is under pressure. The lower 2540 line support. It is currently in the decline correction stage in the high range...