Monday Market Analysis and Signals
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Gold continued its rebound on Thursday on Friday, and the price further rose to 2661, with a minimum of 2645 in the Asian session. From the current market, the daily chart rebounded close to the acceleration line, with limited space. The focus of the upper suppression is 2670-80. The current price is supported by the short-term moving average, so Friday's rebound is a correction to the six consecutive declines!
Gold continued to rise on Friday, and gold is strongly bullish, so we have to adjust our thinking. Gold will adjust downward first, and we can continue to go long when it falls back. Go long near 2636 in the Asian session! Since gold bulls are temporarily stronger, let's continue to do long positions.
The 1-hour moving average of gold crossed upward as expected, and gold bulls still have the momentum to rise. Gold fell back to 2636 in the Asian session, and stopped falling after stepping back to the trading concentration area of 2636 last Friday. Then gold is likely to rise again. Pay attention to the resistance of 2660 above.
Gold continued its rebound on Thursday on Friday, and the price further rose to 2661, with a minimum of 2645 in the Asian session. From the current market, the daily chart rebounded close to the acceleration line, with limited space. The focus of the upper suppression is 2670-80. The current price is supported by the short-term moving average, so Friday's rebound is a correction to the six consecutive declines!
Gold continued to rise on Friday, and gold is strong in the bulls, so we have to adjust our thinking. Gold will adjust downward first, and we can continue to go long when it falls back. Go long near 2636 in the Asian session! Since the gold bulls are temporarily stronger, we will continue to go long.
The gold 1-hour moving average is as expected, and the moving average crosses upward. The gold bulls still have the momentum to rise. The gold Asian session fell back to 2636 directly, and it stopped falling after stepping back to the trading concentration area of 2636 last Friday. Then gold is likely to rise again. Pay attention to the resistance of 2660 above.
Sell high and buy low in the 2636~2660 range.
Gold continued to rise on Friday, and gold is strongly bullish, so we have to adjust our thinking. Gold will adjust downward first, and we can continue to go long when it falls back. Go long near 2636 in the Asian session! Since gold bulls are temporarily stronger, let's continue to do long positions.
The 1-hour moving average of gold crossed upward as expected, and gold bulls still have the momentum to rise. Gold fell back to 2636 in the Asian session, and stopped falling after stepping back to the trading concentration area of 2636 last Friday. Then gold is likely to rise again. Pay attention to the resistance of 2660 above.
Gold continued its rebound on Thursday on Friday, and the price further rose to 2661, with a minimum of 2645 in the Asian session. From the current market, the daily chart rebounded close to the acceleration line, with limited space. The focus of the upper suppression is 2670-80. The current price is supported by the short-term moving average, so Friday's rebound is a correction to the six consecutive declines!
Gold continued to rise on Friday, and gold is strong in the bulls, so we have to adjust our thinking. Gold will adjust downward first, and we can continue to go long when it falls back. Go long near 2636 in the Asian session! Since the gold bulls are temporarily stronger, we will continue to go long.
The gold 1-hour moving average is as expected, and the moving average crosses upward. The gold bulls still have the momentum to rise. The gold Asian session fell back to 2636 directly, and it stopped falling after stepping back to the trading concentration area of 2636 last Friday. Then gold is likely to rise again. Pay attention to the resistance of 2660 above.
Sell high and buy low in the 2636~2660 range.
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