Gold hits a high point again

4 gün önce

Gold is still in an upward trend, but the upper resistance has already suppressed the price to a certain extent. The gold price hit 2949 for the third time and was blocked near the range and fell back, forming a short-term high. At present, the gold price has broken the 2930 support and continues to test the 2918 line downward. If this position breaks down, gold may fall back quickly.

Moreover, the war negotiations are over, and the gold price has begun to weaken after maintaining a high level for a period of time!

After the US stock market opened sharply higher, the bulls sold at high levels, and the subsequent decline may trigger a chain reaction, pushing the gold price down sharply!

Technically, the gold price is between two key ranges: the upper resistance level is 2930-2935, and the lower support level is 2920 and 2915. If the price breaks through the 2935-2930 resistance level, gold is expected to rise further, with the target looking at 2950 or even higher. However, if the price fails to break through the resistance zone, it may fall back to the support zone below and break through it again, and then it may fall sharply, testing 2905 and 2890 below.

For short sellers, gold has broken the upward channel. The ideal time to intervene is when gold falls back to around 2915-2918 and rebounds to the 2925-2930 range under pressure, enter the short position, and target the 2905-2912 range.

3 gün önce

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Gold daily line continues to have a big positive line, seriously deviating from the moving average, the trend is abnormal, and collapse is inevitable. The K line will always return to the moving average, which is the dynamic balance of the price around the moving average. It is recommended to short around 2946-2950.

At present, the market has returned to rationality, the United States and Russia have resumed diplomacy, the tension has eased, and the risk aversion has cooled down, which is bearish for gold and will fall rapidly from below.