Gold technical chart daily pressure is 2040-2053, with support below 2000
Four-hour pressure is 2040, support below is 2031
One-hour pressure is 2040, support below is 2031-2024
Operational advice: Gold has now broken through the 2040 mark, and today’s rebound will mainly be short selling.
As I analyzed in the morning, 2050 is resistance. After gold encountered resistance, it began to fall. Coupled with the suppression of ADP and unemployment benefits data, it is now down 10 US dollars from the high.
A red rope candle in 4H swallowed up all the previous gains. In this case, the decline may continue.
All I think is that the 2030 support may be broken today
Gold is now supported by its decline, and there is demand for a rebound. The Asian market rose by $14! From the trend point of view, gold is now undergoing a shock adjustment trend after a sharp rise. It is expected to maintain a shock within the range of 2050-2080. The direction will be chosen after the shock is over! The current operation is to sell high and buy...
Gold technical chart daily pressure is 2066-2072, with support below 2040
Four-hour pressure is 2066, support below is 2044
One-hour pressure 2066-2072, support below 2055
Operational advice: The advice given yesterday was absolutely correct. The gold price reached its lowest level near 2054 and then fluctuated upwards. It continued to test the 2066 mark. It is...
On Tuesday (August 15th), the U.S. dollar index stood strongly above the 103 mark. Spot gold fell to a low of $1,902.46 overnight, dragged down by higher U.S. dollar and U.S. Treasury yields, its lowest level since July 7. The dollar climbed to its highest level in more than a month on worries about the Asian economy, making dollar-denominated gold more expensive...
