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📊Gold fell sharply during the US trading session on Friday, and a typical double top structure was formed on the technical side. One of the reasons for this decline is that the progress of the negotiations between the United States and Ukraine has promoted the easing of the situation between Russia and Ukraine, which has led to a decrease in the safe-haven demand...
🔴Upper resistance level: -First: 2938-2942 -Second: 2948-2952 -Third: 2955-2960 🟢Lower support level: -First: 2924-2922 -Second: 2910-2906 -Third: 2892-2885 ✅Intraday trading strategy 🔰Asia-Europe session: -If the price maintains a narrow range above 2910, wait for the price to stabilize in the 2915-2920 range before entering the long position, target...
📊Yesterday, gold showed a V-shaped reversal trend as expected. It fluctuated downward under pressure during the Asian and European sessions. It rebounded strongly after hitting the low of 2864 in the early stage of the US session. We also notified VIP members in time to arrange long orders near 2862-2865. Finally, the daily line closed with a real K-line with a...
📊The weekly level maintains an upward channel, the daily EMA5 (2892) and EMA10 (2885) form a bullish arrangement, and the MACD indicator continues to be blunt above the zero axis. The 4-hour chart shows a top divergence correction, but it has not effectively fallen below the upward trend line. The V-shaped reversal forms a classic short trap (the trading volume...
📊The gold daily chart closed with a medium bearish candlestick featuring a long upper shadow, indicating strong selling pressure at higher levels. Today, we will focus on whether this negative line can continue the downward trend. If the price falls further, a periodic high will most likely have been formed. Whether it breaks the high in the future needs to be...
📊Geopolitical tensions and escalating trade frictions have boosted safe-haven demand, and gold prices have broken through historical highs, forming a bullish pattern of technical and emotional resonance. 📊The daily EMA (5/10/20) is in a standard bullish arrangement, and the weekly EMA20 crosses the EMA50 to form a golden cross, and the medium-term upward trend is...
🔴Upper resistance level: - First: 2932 - Second: 2941 -Third: 2950 🟢Lower support level: - First: 2905 - Second: 2896 -Third: 2888 ✅Once again, don't go short. The current bullish trend has not changed. We must follow the trend and wait patiently for the correction to the support level before going long. ✅We can gradually build positions at the lower support...