1. - The Federal Reserve continues to suppress gold prices, and the 1900 mark is in danger -
News: In the European market on Thursday (September 7), spot gold rebounded slightly, with the price of gold currently located around $1,921 per ounce. Expectations that the Federal Reserve will keep interest rates higher for longer pushed the dollar and U.S. Treasury yields higher on Wednesday, putting pressure on gold prices.
Federal Reserve Governor Christopher Waller defended hawkish monetary policy in an interview with CNBC, while Cleveland Fed President Loretta Mester ruled out the possibility of cutting interest rates. Boston Fed President Susan Collins noted the risk of the monetary policy stance being overly restrictive, suggesting the need for a patient, cautious but prudent approach. In addition, the Federal Reserve's Beige Book also dampened expectations for a policy shift or interest rate cut. The Beige Book also pointed out that "U.S. economic growth was moderate amid a cooling labor market and moderating inflationary pressures in July and August. Latest data from the St. Louis Fed: U.S. inflation expectations strengthen
2. ——Gold technical analysis, how to operate at night?——
Gold Looking at the daily line, with the 20-day simple moving average (SMA) and 200-day SMA converging around 1915, gold prices are putting pressure on this dynamic support level. Meanwhile, the 100-day SMA continues to move down at levels well above current gold prices, while the momentum indicator is just above the 100-line. However, the relative strength index (RSI) has gained bearish strength around 45, in line with the view that gold prices continue to decline. Looking at gold from the 4-hour line, the reasons for bearishness are more obvious. Gold briefly broke above the directionless 100-period SMA, while the 20-period SMA and 200-period SMA gained bearish strength at levels well above current gold prices. Meanwhile, technical indicators are almost vertically down, approaching oversold levels. Overall, I still recommend shorting on the rebound in gold operations tonight!
3. Gold trading signal:
Short order strategy: sell at 1923-1925, stop loss at 1932, near TP1905;
Multi-order strategy: buy at 1905-1903 below, stop loss at 1898, near TP1915
News: In the European market on Thursday (September 7), spot gold rebounded slightly, with the price of gold currently located around $1,921 per ounce. Expectations that the Federal Reserve will keep interest rates higher for longer pushed the dollar and U.S. Treasury yields higher on Wednesday, putting pressure on gold prices.
Federal Reserve Governor Christopher Waller defended hawkish monetary policy in an interview with CNBC, while Cleveland Fed President Loretta Mester ruled out the possibility of cutting interest rates. Boston Fed President Susan Collins noted the risk of the monetary policy stance being overly restrictive, suggesting the need for a patient, cautious but prudent approach. In addition, the Federal Reserve's Beige Book also dampened expectations for a policy shift or interest rate cut. The Beige Book also pointed out that "U.S. economic growth was moderate amid a cooling labor market and moderating inflationary pressures in July and August. Latest data from the St. Louis Fed: U.S. inflation expectations strengthen
2. ——Gold technical analysis, how to operate at night?——
Gold Looking at the daily line, with the 20-day simple moving average (SMA) and 200-day SMA converging around 1915, gold prices are putting pressure on this dynamic support level. Meanwhile, the 100-day SMA continues to move down at levels well above current gold prices, while the momentum indicator is just above the 100-line. However, the relative strength index (RSI) has gained bearish strength around 45, in line with the view that gold prices continue to decline. Looking at gold from the 4-hour line, the reasons for bearishness are more obvious. Gold briefly broke above the directionless 100-period SMA, while the 20-period SMA and 200-period SMA gained bearish strength at levels well above current gold prices. Meanwhile, technical indicators are almost vertically down, approaching oversold levels. Overall, I still recommend shorting on the rebound in gold operations tonight!
3. Gold trading signal:
Short order strategy: sell at 1923-1925, stop loss at 1932, near TP1905;
Multi-order strategy: buy at 1905-1903 below, stop loss at 1898, near TP1915
Trade active:
Gold operation strategy:
Short order strategy: sell at 1923-1925 at the top, loss 1932, around TP1905;
Multi-order strategy: buy at 1905-1903 below, lose 1898, near TP1915
Short order strategy: sell at 1923-1925 at the top, loss 1932, around TP1905;
Multi-order strategy: buy at 1905-1903 below, lose 1898, near TP1915
Trade active:
Real-time trading signals have been issued. Contact me to get the latest trading signals.
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I have published trading signals on my channel. You can follow
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Data will be released soon, everyone be prepared
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If you have followed my trading signals then the profit is already $5 at the moment! it is continuing
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The highest level we gave yesterday was 1923. I remind everyone to sell between 1923 and 1925. You can make good profits. I wonder how many friends have listened to my advice?
Today's trading signals have been updated. If you need it, please contact me.
Today's trading signals have been updated. If you need it, please contact me.
Trade active:
Yesterday, the daily gold line had a small upper shadow Yang line, and the closing line was as expected. The short-term short trend remained intact. The price strengthened after the opening today, but the European market price did not set a new high, and the short-term performance was not strong.
Will tonight be a wide range of fluctuations from 1927 to 1915, or will it break through the bottom and fall? Pay attention to the current performance of gold to the US market. If the price breaks below 1919, the US market will most likely fall below the two-day low!
The short-term in the evening relies on the small pressure level within 1927 days, just find a position to rebound and short, stop loss 1934.5, target 1917, 1911!
If you want to get real-time trading signals, please follow me
Will tonight be a wide range of fluctuations from 1927 to 1915, or will it break through the bottom and fall? Pay attention to the current performance of gold to the US market. If the price breaks below 1919, the US market will most likely fall below the two-day low!
The short-term in the evening relies on the small pressure level within 1927 days, just find a position to rebound and short, stop loss 1934.5, target 1917, 1911!
If you want to get real-time trading signals, please follow me
