


Running_Golden_Bull
PremiumShort-term factors impacting the decline in gold prices: 1: The Russia-Ukraine situation has returned to the negotiating table under Trump's leadership. 2: At the Jackson Hole annual meeting, the market is almost unanimous in its belief that Powell will deliver hawkish remarks. 3: Both gold and silver ETFs have seen reductions in holdings. 4: Gold is under...
Yesterday's strategy hit its stop-loss, primarily because the entry point was too early. If the entry point had been at 3330, support would have been stronger. Now the gold price has once again fallen back to around 3330, you can consider entering the market again. Recently, gold prices have been volatile due to a reduction in risk aversion following talks...
As the talks between Trump and Putin achieved results on Saturday, risk aversion decreased, gold fell rapidly at the opening, and after briefly breaking through 3330, it found support again and rebounded strongly, reaching a high of 3358. Subsequently, the price of gold entered a slow decline, mainly because the market was waiting for the results of the talks...
In the previous article, we successfully predicted that gold prices would fall if they failed to break through 3370. This proved to be the case, with gold prices ultimately falling to our ultimate target of 3330. From the 1-hour chart, it's clear that 3330 is a key support level. Gold prices rebounded from the decline on the 12th precisely at this level. Now that...
Our strategy of short selling based on the resistance level of 3360-3370 was very successful. The gold price reached the target position of 3340, with a profit margin of 200-300 points. Congratulations to those friends who followed the strategy and made a lot of money. 🔥🔥🔥Keep an eye on the support range of 3330-3340. If gold still fails to break below 3330, it...
In my previous trading strategy, I reiterated my view that gold prices would continue to fall if they couldn't break through 3370 in the short term. And indeed, gold's performance behaved as expected. After hitting 3370, it fell again, reaching a low of 3350. Technically, the current correction in gold prices hasn't concluded. The Fibonacci retracement indicator...
In the previous article, I said that if the gold price cannot hold above 3370 in the short term, then the gold price will continue to fall. Today's rebound in the Asian and European sessions shows mixed gains and losses on the K-line chart, indicating a weak rebound. After rebounding to 3367, gold prices turned downward again. Meanwhile, the 1-hour MACD...
The CPI data released this week was lower than market expectations, which is considered positive news. However, since it was the same as the previous reading, gold prices only rebounded briefly before entering another period of volatile consolidation. From the 4-hour chart, gold prices have already broken through support levels. If they fail to break back above...
Last week, news of US tariffs on gold caused market volatility, sending gold prices surging to a high of 3,408. Gold prices continued to fall today, dropping from the opening price of 3,400 to around 3,340. This $60 drop appears to be a response to the White House's clarification that the gold tariff information was false, as well as the reduction in risk...
The most anticipated outcome for the gold market this week is tomorrow's CPI data. After today's pullback during the Asian and European trading sessions, the current price has reached support levels. Before the CPI release, I believe volatility will be minimal, with a high probability of limited fluctuations. The chart shows that 3350 is a key support level....
After today's rapid pullback, the current price of gold has come near the key support level, which is the 3350-3360 range. Based on the Fibonacci retracement indicator for the 3268-3408 uptrend, the 618 support level is located at 3355. Furthermore, the rising trendline also suggests downward support at 3350-3360. Thus, I believe it's a good idea to enter a long...