📊Gold showed a volatile market this week, with prices fluctuating repeatedly between the 2930 pressure level and the 2892 support level. According to the strategy of shorting at high and buying at low, we have made profits many times. Friday's non-farm payrolls and unemployment benefit data are both bullish for gold, but gold prices still fell back after rising,...
📊Recently, the price of gold has been volatile, and the bull-bear game is fierce. Yesterday, the daily line closed with a cross star. Although the data was bullish for gold, the price did not rise sharply. Instead, it rebounded in a V-shaped manner after a dive in the late trading. Gold refreshed the recent high of 2929, but failed to continue the upward trend...
📊Gold broke through the 2900 mark this week and stabilized above it. The daily closing pattern effectively broke through the previous 2920 pressure, forming a classic V-shaped reversal structure. This pattern indicates that the phased adjustment started from 2955 has ended with a high probability, and the medium-term bullish pattern has been re-established. 📊The...
📊Gold opened higher after the Asian session opened, directly breaking through the key support of 2858 and rising rapidly, forming a very strong unilateral structure during the day. The current price is trading sideways around 2870, and the K-line gradually stabilizes the short-term moving average system (5/10EMA), indicating the decline of short-term momentum and...
✅Gold closed with a long negative candlestick on the weekly chart, falling from the high of 2956 under pressure, with a weekly decline of more than $120, and the lowest price reached around 2832, forming a typical bearish engulfing pattern. It rebounded to around 2860 in the late trading, but did not break through the upper track of the descending channel. The...
📊Gold daily level shows a bearish-dominated pattern, the price closed negative for consecutive days and effectively fell below the 2900 integer psychological barrier, confirming the exhaustion of short-term upward momentum. The current price is running below MA5/MA10 (2908-2918), the moving average system is in a bearish arrangement, and the technical form forms...
✅The short-term moving averages (MA5 and MA10) act as strong resistance, and the current pressure ranges are 2925 and 2930 respectively. If the gold price can break through these two key resistance levels, it means that the correction may only be temporary and the gold price may resume its rise. However, if the price fails to break through these resistance...
🔴Upper resistance level: -First: 2916 -Second: 2920 -Third: 2930 🟢Lower support level: -First: 2903 -Second: 2890 -Third: 2864 ✅Intraday trading strategy: 🔰Trading strategy: Short order strategy --Short when rebounding to 2912-2916 area, stop loss 2923, target 2895 --Add positions after effectively falling below 2900, stop loss 2907, target 2880 --Short orders...
📊During the day, gold showed a typical upward shock structure. After testing the pressure three times, it formed a classic "impact high and then fall back" pattern. The price completed the long-short conversion during the Asian and European sessions. A large negative engulfing pattern appeared in the first hour of the US session, indicating that the short-term...
🔴Plan 1: Breakout trading strategy (trend continuation) 🔶Long trigger conditions: --Stand above 2950 in the Asian and European sessions, and break through 2955 on the hourly chart. --Fall back to 2945 without breaking, follow up with long orders with a light position, stop loss 2940, target 2965-2975. 🔷Short trigger conditions: --A sharp drop below 2915 in the...
📊Weekly level: The strong bull arrangement continues for 8 weeks. MACD continues to increase volume, but RSI has entered the overbought zone (75.6). You need to be wary of the risks of the long-short game between the ninth week change cycle and the end of the monthly line. 📊Daily level: high cross star for three consecutive days (early warning signal of market...
📊From the daily level, the K-line pattern shows continuous cross star consolidation, the price continues to converge in the 2954-2924 range, the daily volatility drops to a three-week low, and the short-term TD sequence shows overbought correction needs. The moving average system maintains a bullish arrangement, but the deviation rate between the 10EMA (2910) and...
🔴Upper resistance level: -First: 2950-2955 -Second: 2960-2970 -Third: 2980-2990 🟢Lower support level: -First: 2943-2946 -Second: 2930-2929 -Third: 2922-2920 ✅I have been emphasizing recently that the bullish trend of gold has not changed, and it is possible to hit the 3,000 mark at the end of this month, so when we trade, we must focus on buying when it falls...
🔴Upper resistance level: -First: 2940-2942 -Second: 2946-2952 -Third: 2960 🟢Lower support level: -First: 2924-2931 -Second: 2915-2920 -Third: 2905-2907 ✅Trading strategy: -Go long with a light position when the price falls back to 2912-2920, target 2946-2950 -If it breaks through 2946, go long when the price falls back to 2930-2935, target 2960 -Focus on the...
📊From the daily structure, EMA5/10 maintains a golden cross slope of 45 degrees upward, the price runs along the upper Bollinger track, the ADX indicator>35 confirms the strength of the unilateral trend, and the K-line pattern shows an accelerated N-shaped structure. 📊From the 4-hour chart, it successfully stood at the 2906 Fibonacci extension level (161.8%),...
✅Focus on key points during the Asian and European trading sessions (February 18) 🔰Upper resistance level: -First 2910-2912 -Second 2923-2925 -Third 2930-2940 🔰Lower support level: -First 2896-2892 -Second 2880-2875 -Third 2865-2850
📊Gold quickly recovered its early losses after testing 2878 in early trading and broke through 2893-2894 upwards, suggesting that the short momentum was exhausted. The 1-hour chart shows that it broke through the downward trend line + stepped back to the 0.618 Fibonacci level (2885), forming a short-term bullish structure. If it stands firmly in the middle track...
🔴Upper resistance level: -First: 2897 -Second: 2909 -Third: 2920 🟢Lower support level: -First: 2864 -Second: 2834 -Third: 2808 ✅Gold's short-term technical outlook has changed from a bullish structure to a short-dominated one, and the space below has gradually opened up after the double-top pattern broke. It is recommended to take rebound short selling as the...