ALLEN-BOSWELL

ALLEN-BOSWELL

During yesterday's NY trading session, Trump suddenly issued a statement saying that Federal Reserve Board member Cook must resign, implying that Cook may be suspected of criminal offenses. The market subsequently reacted to this, briefly surging to around 3350. Whether it can successfully break through 3350 remains a key short-term focus. Gold opened high today...

ALLEN-BOSWELL Updated 

The current gold daily line shows that the big negative line is weak, but we need to pay attention to the effectiveness of the 3310-3300 first-line support. As long as the price remains above this range, bulls still have a chance to gain momentum for a rebound. Conversely, a break below the 3300 mark could trigger a shift in bullish sentiment, potentially even...

ALLEN-BOSWELL Updated 

Trump and Putin met last Friday to discuss the Russia-Ukraine issue, and information about the talks leaked over the weekend. 💻 If Russia and Ukraine cannot successfully reach a ceasefire agreement, Europe and the United States will continue to put pressure on Russia, ⚖️then the short-term volatility may no longer exist, and the bulls may counterattack.🐂 There...

ALLEN-BOSWELL

Yesterday, the gold daily line closed with a big negative line, recovering the gains of the previous two days. The daily technical indicators formed a death cross, and the moving average diverged downward. The current trading market is generally weak and volatile. Judging from the 4H chart, the short-term upper pressure is at 3350 and 3365 points respectively....

ALLEN-BOSWELL

Amidst the negative data, gold fell below 3340 again after a period of consolidation. The market is currently focusing on the meeting between Trump and Putin. Whether the Russia-Ukraine issue can be resolved peacefully remains to be seen. Regardless of the outcome, Allen always hopes to reduce wars and bring peace to the people of the world. Judging from the 4H...

ALLEN-BOSWELL Updated 

After a sharp drop, gold has been in a state of volatility.📊 After touching the support level near 3330 yesterday, it finally rebounded. The current gold hourly moving average is spreading upward, and the Bollinger Band opening is widening. 📈Our judgment that gold is forming a head and shoulders bottom trend may become a reality.🌈 However, in the short term,...

ALLEN-BOSWELL Updated 

Gold experienced frequent fluctuations last Friday night. After opening today at around 3,400, it quickly fell back. Gold has already fallen below last Friday's low. 🐻 It is expected to retrace to test the support level of 3357-3350 today📈. If the support level is not broken, the bulls may rebound at any time.🐂 If it unexpectedly falls below, it may accelerate...