The upward trend of gold has not changed, but there will inevitably be adjustments after a big rise, and now gold has risen and touched the pressure position of the 4-hour upper Bollinger Band. According to technical principles, this position can see a wave of correction! Unless the market is very strong and breaks through directly, but it has already risen...
After many consecutive days of rising, the price of gold today, October 13, of the world has decreased as data broadcast in the US cooled, the USD and US interest bonds heated up. Overnight, the US announced that the annual consumer price index (CPI) increased by 3.7%, higher than the forecast of 3.6%. However, the annual core CPI excluding real product and...
World gold prices increased this morning with spot gold increasing by 14.2 USD to 1,874 USD/ounce. December gold futures last traded at $1,873.80/ounce, up $13.50 from yesterday morning. World gold continues to benefit from safe haven demand in the context of the Israel-Hamas conflict with no signs of ending. The precious metal has been strengthening modestly...
Gold is still on an upward trend, and it continues to reach new highs! There are still data released in the US market, now it is still waiting for the pullback to continue buying! With the strong upward trend of gold, do not go short against the trend, but continue to go long with the trend to the end! Gold has now broken through the suppression of the 4-hour...
Today, gold jumped short and opened higher and maintained a high level and traded sideways. It is obviously to accumulate energy for a second rise! At present, I have seized the opportunity of the callback and entered the market at 1848 to go long, and then wait for the rocket to launch! The trend of gold has changed, which Nick already reminded last Friday, and...
Gold has pulled back as scheduled, but it still stands firmly above yesterday's consolidation. That means the upward trend remains unchanged. The pullback is a buying opportunity. Buy directly at the current price of 1856 in the European market. It is bullish. Lay out the current price and refuse to be an afterthought! The trend is rising and the market is in the...
World gold prices this morning were stable with spot gold down 1.1 USD to 1859.8 USD/ounce. December gold futures last traded at 1,873.8 USD/ounce, up 9.5 USD compared to yesterday morning. Although the Israel-Hamas conflict has not subsided, it continues to promote safe-haven buying activities in the gold market. However, that momentum failed to help the...
World gold prices this morning tend to increase with gold prices increasing by 2.5 USD, so the trading level is up to 1835.6 USD/ounce. In trading late last week, the gold market demonstrated recovery momentum as the labor market breakout revealed some weakness despite last month's increase in jobs. The modest increase ended a long series of declines since the US...
The trading ideas I gave you today are still based on long gold at low levels, and I remind you to do long gold around the short-term support position today. The first support position we focus on is the 1846-1844 area.We were long gold around this area. Gold has now successfully touched my expected profit target position of 1854. Congratulations to all of us on...
Late gold view: The lower support is this week's low near 1810, no matter when it can be long. The upper resistance is near the high point of 1849 this week, and once the market effectively breaks 1849, there will be a rebound, and it is estimated that it will rise to 1880. If 1849 is blocked, gold will double dip or fall back. The daily line dipped to 1810 on...
Although the data for gold were negative yesterday, the market did not continue to reach a new low, which also proved what was said yesterday that the market will start to fluctuate and adjust! If the weak is no longer weak, it will turn strong. Gold is still bullish at low prices today. Go long at 1815! It can be seen from the 4-hour trend of gold that it has...
World gold prices are on an upward trend with gold transactions immediately increasing by 2.5 USD with a trading level of up to 1835.6 USD/ounce. Kitco News' latest ongoing gold price survey has 38% calling for higher gold prices this week; 38% predict prices will decrease; 24% have a neutral view on gold this week. The USD on the world market spread and...
Even though the USD and US Government bond yields increased quite strongly this morning, investors still put their gold purchasing power to hedge against risks. Specifically, the Dollar-Index - which measures the strength of the USD in a basket of 6 currencies, increased by 0.24% compared to the previous session, to 106,300 points, at 6:13 a.m. this morning....
Today we are still long gold near 1815. Gold has rebounded to around 1820. Our current long gold position still has good profits. For gold, although gold has not really started its upward trend yet, gold has been fluctuating in the 1820-1815 area recently, and gold is currently showing signs of bottoming. As gold bottoms out, gold will start a new round of...
The decline of gold has now come to an end for the time being, and it will enter a short-term shock, within the 1815-45 area! Go long near the 1817 position to see a rebound. If you have not bought, you can buy directly at the current price of 1821. Pay attention to the pressure of 1833 at the top. After the breakthrough, it is bullish to the 1845 line! Judging...
The downward trend of gold has not changed, but it did not continue to make a new low yesterday, which also shows that there is a need for market adjustment! But the rebound is not strong enough, and it is still a short trend! So today, wait for the rebound before going short. You can rely on the pressure near 1830, the high point of yesterday's rebound, to...
Gold is currently in a weak state and will not see a major rise in the short to medium term. The Federal Reserve's possible interest rate hike at the end of the year is still affecting the gold market. In the short term, 1890 is my goal. Wish us good luck.
#XAUUSD On September 1st, encountered a formidable resistance barrier at 1950 and subsequently began its descent toward the established support level at 1885. Interestingly, the downward trajectory was interrupted as gold found a reversal point around the 1900 mark. Currently, the precious metal is in the process of retesting the 1944 resistance level. Should...