10.2 Gold bottoms out and correction is made from high levelsGold daily line is still sideways at a high level, and the K line continues to deviate far from the moving average. This is an abnormal trend. The gold price will inevitably return to the moving average. This is inevitable. At the same time, there is an obvious double top pattern near 2670, and the upper shadow line continues to close.
Gold fell under pressure from the high level in 4 hours. Gold continued to have a double top structure in 4 hours. Gold rose to 2673 last night and fell under pressure. The resistance is obvious.
The tension in the Middle East is still an important factor affecting the gold price. This week will usher in non-agricultural data.
Intraday operation:
SELL: 2675 Target: 2660------2650
BUY: 2645 Target: 2665------2675
Goldminers
XAUUSD:1/10 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2622
Four-hour resistance 2685, support below 2634-2622
Gold operation suggestions: Yesterday, gold rushed up and fell back. The price fell to the lowest 10-day moving average and then formed a support rebound, and finally closed at 2634.5. From the current market, the monthly line rushed up and fell back and still rose sharply. The price is far away from the moving average and needs to be corrected. The daily chart price fell below the 5-day moving average and supported by the 10-day moving average. The trend has not turned, but weak shorts have appeared. Today, it is expected to further decline after the correction of the 10-day moving average. From the short-term moving average dead cross downward, the auxiliary indicator MACD dead cross at a high level, the four-hour high of 2685 rushed up and fell to 2675 and officially turned short. It continued to go down yesterday, but the decline did not continue today.
Judging from the current market trend, the short-term support below is 2634-2622, and the pressure above is 2650-2655. Continue to rely on this range to sell high and sell low, and wait patiently for key points to enter the market.
BUY:2650near SL:2647
BUY:2634near SL:2630
BUY:2622near SL:2618
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
10.1 Analysis of gold short-term technical operations1. The daily line has adjusted for two days and just stepped back on the 10-day moving average. According to the bulls, this is a typical correction. The biggest step back in the strong trend is 10 days. Whether it can go up today is very critical.
2. The usual high-rise and fall in the morning, the European market is weak. For the continuous market, the European market is weak and the US market is difficult to increase.
3. Yesterday, the US market retreated twice, and the European market broke the bottom, and the US market was weak after the bottom.
It cannot continue the retracement. 2623 is the retracement of the rise to 382, which is very critical. It breaks the bottom and affects the bulls.
In addition, the daily line is weak, so the rise is affected.
And today, it is above the turning point of long and short.
The watershed in the morning is 2640. It is not considered whether the European market will go through a cyclic retracement for the time being.
Gold's short-term downturn has passed, go long at 30Gold is long near 2630.
Gold has gone out of the turning point, the decline is over, and it is about to start rising. Go long in the short term today, seize this opportunity to get a big wave.
Gold fell back to the moving average and closed with a hammer line, and the turning point signal is obvious. Go long near 2630. If we look at the moving average, it also meets the bullish trend, because every time the gold price falls back to the moving average, there will be a rebound. Can it rebound and break the historical high? Let's not consider it for now, grab the long orders near 2630, and let the market give us the rise we want.
Trading strategy:
Gold is long at 2630, stop loss at 2620, target 2650-------2655
XAUUSD: 30/9 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2622
Four-hour resistance 2685, support below 2643
Gold operation suggestions: Gold currently has different degrees of narrowing signals in the 4-hour and 4-hour, indicating that there will be a need for adjustment in the short term. With the high and fall action at the end of last Friday, this week before the release of non-agricultural data, it will maintain the range sweeping action, continue to narrow the range, and accumulate momentum to break through the range again. At the daily level, it is based on the 10-day moving average as the support line for the rise.
Today's support below focuses on the 2643/2634 level, and the upper pressure focuses on the 2675-2685 area. Continue to rely on this range to sell high and buy low during the day. The daily level does not fall below the 2622 line and continue to be bullish. I will prompt the specific operation strategy in the VIP signal.
BUY:2650near SL:2647
BUY:2634near SL:2630
BUY:2622near SL:2618
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
9.30 If the short-term gold high is not broken, it will be a corTechnically, the 2670 level has become an important resistance level, which has not been broken through many times. The Bollinger Bands have begun to close. From all angles, gold will not rise in the short term.
With such a big thing happening in the Middle East, gold should have started a wave of $50 rise, but it didn't. That must be because gold digested the news in advance. If there is no positive news, gold will turn to a sharp drop.
Intraday operation:
SEII: 2665 Stop loss: 2672
BUY: 2645 Stop loss: 2640
Gold closes higher and may fall back to peakThe gold hourly line has obviously reached the top. The K line rushed to around 2685, and then the big Yin line directly covered it and crushed it directly. It once fell by 30 US dollars. The top was obviously bearish engulfing. The moving average was directly bent and turned downward. Of course, the gold price deviated far from the moving average, and it was bound to return to the 50-day moving average. Detailed operations during the day: SELL: 2650------2645
XAUUSD:27/9 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2622
Four-hour resistance 2700, support below 2634
Gold operation suggestions: Yesterday, the technical side of gold finally ushered in a further upward breakthrough and strengthening after repeated oscillations around the 2660 mark. It accelerated to break through the 2685 mark before the US market and quickly fell back. The US market formed a wide range of long and short shocks. Finally, the gold price fell back for the second time and stabilized at the 2655 mark to usher in a second high. The gold price formed a strong bullish operation rhythm above the 2650 mark.
Today, the lower support continues to focus on 2650-2634. The intraday retracement relies on this position to continue to be bullish. The upper short-term pressure focuses on the 2685 mark. Today, we will continue to go long after the short-term decline is in place, and wait for the decline but not short.
BUY:2650near SL:2647
BUY:2634near SL:2630
If a waterfall occurs, please stop loss in time
Technical analysis only provides trading direction!
Gold bulls are strong and aiming at 2700!At present, the support for the continuous rise of gold prices is still the strong demand of the Federal Reserve and other European countries for gradually loose monetary policies; coupled with the tension in Middle East relations, economic downturn and geopolitical relations, gold prices continue to rise. In terms of technical forms, the room for gold prices to retrace is limited, and the time for correction is also very short. The momentum of continuous rise is very strong, and the upward space is expected to continue to open up.
The Asian session is corrected by the conversion of the hourly Yin and Yang lines. The European session began to rise. Even if economic data is released, it does not affect the bullish trend. There is not much room for recent corrections, especially in the European session. There is basically no retracement, and it continues to rise after the middle cross K pattern. Based on the above situation, even if the retracement relies on the top of the previous hourly line Yang line 2675, it will continue to be bullish.
Resistance level: 2683 2690. Break to see 2700
Strong breakthrough, 2700 may be reached at any timeDaily resistance 2700, support below 2650
Four-hour resistance 2700, support below 2650
In the face of the trend, any counter-trend force will be disintegrated. As retail investors, the only thing we have to do is to follow the trend. We can't change anything, we can only change ourselves, and we can only survive in the market by improving our trading awareness and ability. Short sellers are wailing, and long sellers are making money all the way. Now gold is bullish, keep going long with the trend, don't go against the market, don't think about guessing the top, followers must be happy all the way, guessing the top and shorting all the way will only be stopped continuously, or even blow up.
In terms of intraday operations, the idea is still very clear, "bullish", "long", participate in the trend, do not be afraid of heights and do not guess the top. I said not to be afraid of heights but how many people remember it? As long as there is a stop loss, there is no need to be afraid of heights. Let me emphasize again, and fear of heights is not a reason to short against the trend. The intraday support is at the 2650 mark, and the low point of last night's decline was also near this. This is the defensive position of the intraday bulls. The entry position is inferred from the stop loss position. As long as the stop loss can be placed around 2650, it is perfect. You may as well be bold and actively follow the trend. Now it has broken through the historical high. Today's low near 2655 has become our defensive position for BUY. Just BUY on the trend.
Wait patiently for the opportunity to go long. Now it has broken through strongly and 2700 may be reached at any time.
XAUUSD: 25/9 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2650-12
Four-hour resistance 2700, support below 2650-20
Gold operation suggestions: Yesterday, gold technically retreated around the 2620 mark twice and then stabilized and rebounded. After the US market, it accelerated and broke through and stood above the 2640 mark, and continued to strengthen to above 2650 and reached 2664. The overall gold price continued to maintain a strong unilateral upward rhythm around the 5-day moving average support. Gold has new breakthroughs every day and continues to create historical highs. According to the current trend, 2700 is just a recent thing.
Today's support below is short-term focus on the 2650-48 area. If it falls back during the day, it will continue to be bullish and follow the trend. The upper target is still concerned about breaking the high. The short-term bullish strong dividing line moves up to the 2630 mark. The daily level stabilizes above this position and continues to follow the trend of low-price longs. Be cautious when shorting against the trend. I will prompt the specific operation strategy in the VIP signal.
BUY:2657near
BUY:2650near
BUY:2640near
Technical analysis only provides trading direction!
9.26 Gold Short-term Operation StrategyThe gold four-hour line is a positive line throughout the whole process. Even if it closes with a negative line, it can still break through the positive line directly and close with a long lower shadow. The K line always stands above the moving average and always crushes the moving average. The bullish trend has not changed at all, and the support level has been constantly moving up. This is a super buying trend that continues to set new highs.
Short-term operation in the Asian session:
BUY: 2658 Target: 2670
9.26 Technical Analysis of Gold Short-term OperationsGold rose again in 1 hour and is currently trading at 2660 without breaking a new high.
At present, gold has begun to form a small double top. After continuous rise, the bullish momentum of gold has gradually begun to be consumed. A major adjustment is imminent. If the rebound of gold in the US market does not break a new high, it can still be shorted.
On the 1-hour K-line chart, gold has risen. At this time, the Bollinger Bands began to close, and the gold price fluctuated and adjusted. As for the target position, we look at the 1-hour moving average
Today's focus
The number of initial jobless claims in the United States as of the week of September 21 (10,000 people)
Detailed operations during the day:
Sell: 2665 Target 2650-2645
9.26 Technical Analysis of Gold Short-term OperationsYesterday, gold continued to break highs in the US market, performing extremely strongly. The early trading price was 2661. Yesterday, it rose by 30 US dollars and continued to rise to the 2670 line. There is no doubt that with the frequent breakthrough of high points, the rising gold bulls are coming, and the upward trend will accelerate. Bulls will be the main theme in the future; the correction action is presented in the form of shocks.
"Although it has set new highs many times this year and outperformed major stock indexes, in the long run, gold still has room for further growth. Pay attention to the correction in the short term." In a low interest rate environment and geopolitical turmoil, interest-free gold is often the preferred investment.
Today's operation:
BUY: 2650 stop loss 2640 target: 2665-2675
SELL: 2680 stop loss 2685 target: 2660-2655
9.25 Professional Gold Short-term Operation Analysis StrategyToday, the recommended upper pressure position is 2665, and the lower support is 2645. The overall market still shows a trend of raising the low point to a new high, and the structural low point of this round is around 2624. The support effect of this position was also mentioned in yesterday's analysis. So if the market has a strong correction today and directly breaks through 2645 without stopping, the alternative plan is to look at the support of 2638. This position is the support of the Fibonacci 0.618 correction level of yesterday's overall pull-up.
9.25 Gold short-term operation analysis strategyIn the early Asian session on Wednesday (September 25), spot gold fluctuated in a narrow range near its historical high and is currently trading around $2,660.16 per ounce. Gold prices rose by $30 on Tuesday and hit a record high of $2,664, continuing the recent rally. The daily line closed with a big positive, with basically no leads.
In addition to the tensions in the Middle East that have enhanced the safe-haven appeal of gold, the US consumer confidence index has recorded the largest drop in three years, and concerns about the labor market are growing. Market expectations for the Federal Reserve to cut interest rates by 50 basis points in November have increased, and the US dollar index has recorded the largest single-day drop in nearly a month, which also provides momentum for gold prices to rise.
Gold is undoubtedly strong at present, whether from a short-term or long-term perspective, especially in the 4-hour period, which basically starts to rise as soon as it steps back on the moving average, and there is basically no retracement. Although gold is undoubtedly strong, this round of gold has risen by nearly 200 points in just two weeks, so the risks of peaking and retracement that I have been emphasizing in my previous articles are needed. Of course, we have no idea where the top is. We all have guessed the top, but the current price is already in danger. When it reaches our position, we can still participate in short orders.
Detailed intraday operation strategy:
Short at 2665, defense at 2670, target 2650-2640
Long at 2635, defense at 2628, target 2650-2660
Wednesday Market Analysis and SignalsIn the Asian market on Wednesday, gold fluctuated in a narrow range near its historical high and is currently trading around $2,662. Gold prices rose by $30 (more than 1%) on Tuesday and hit a record high of $2,664, continuing its recent gains. Tensions in the Middle East have increased gold's safe-haven appeal.
At the same time, the US consumer confidence index recorded the largest drop in three years, and concerns about the labor market are growing. Market expectations for the Federal Reserve to cut interest rates by 50 basis points in November have increased. The US dollar index recorded the largest single-day drop in nearly a month, which also provided momentum for gold prices to rise.
The current surge in gold prices is due to risk aversion due to concerns about the situation in the Middle East. Iran may have the next move, so gold will continue to hit new highs. The total annualized total of new home sales in the United States in August after seasonal adjustment will be released this trading day, and investors also need to pay attention to it. In addition, pay attention to the geopolitical situation and speeches by Fed Governor Kugler and other officials.
Gold continued its strong rise and hit a new high of 2,664. The RSI indicator of the monthly chart touched above 80 and entered overbought, and the RSI indicators of the weekly and daily charts respectively reached the high of 80. The short-term four-hour chart synchronized the RSI high. The trend has not changed, but the indicator has resonated before the opening of the European and US markets yesterday and hit a record high again. Beware of the price using data and indicators to form a high and fall back. Wednesday's trading follows the trend and makes short-term transactions at low prices.
Trading strategy:
2643-2645 long, stop loss 2632, target 2670-2680;
2677-2680 short, stop loss 2690, target 2650-2640;
9.24 Gold Short-term Operation StrategyYesterday, the gold market opened at 2621.6 in the morning, then the market rose slightly to 2131.6, and then the market fell rapidly. The daily line reached a low of 2613, then the market rose, and the daily line reached a historical high of 2635.2, and then the market consolidated. The daily line finally closed at 2628.2, and the daily line closed with a spindle pattern with equal upper and lower shadows. After such a pattern ended, today's market still has bullish demand. In terms of points, the long positions of 1996 and 2028 below are followed by stop loss at 2350. After the long positions of 2601 were reduced last Friday, the stop loss was followed by 2601.
Today's market operation:
2615 long stop loss 2609, target 2635
2640 short stop loss 2645 target 2620
XAUUSD: 24/9 Today’s Market Analysis and StrategyGold technical analysis
Daily resistance 2650, support 2584.
Four-hour resistance 2650, support 2620-2600
Gold operation suggestions: Yesterday, the technical side of gold stabilized above 2613 and continued to fluctuate and consolidate with bulls. The bulls in the US market rushed to break through the 2634 mark and then fell back and fluctuated. Finally, it closed near the 2625 mark. The overall price maintained a high and strong consolidation. Although the increase was not large, the short-term bullish thinking was still the main focus.
From the current market trend, today's support below is around 2620-2610, and the upper pressure continues to focus on 2645. Wait patiently for the key points to enter the market.
BUY:2618near
BUY:2604near
Technical analysis only provides trading direction!
Tuesday Market Analysis and SignalsIn the Asian market on Tuesday, gold fluctuated in a narrow range at high levels and is currently trading around $2,628 per ounce. Gold hit an all-time high of 2,634 during trading on Monday, up about 0.24%. The bullish market sentiment after the Fed's interest rate cut last week and geopolitical tensions pushed up the London gold price, but the US dollar index stabilized and rebounded. Ukrainian President Zelensky said that the Russian-Ukrainian war was "close to the end", and investors need to beware of the risk of a short-term correction in gold prices.
If the employment rate drops sharply, the market will believe that the Fed may be more active in cutting interest rates, which is very beneficial to gold prices. In addition, regional instability in the Middle East may further push gold prices higher. The growing tensions between Israel and Hezbollah have enhanced the appeal of safe havens, which may further boost demand for gold.
As a traditional hedging tool for geopolitical and economic uncertainties, gold will have its best year in 14 years. There are relatively few economic data on this trading day. Investors will pay attention to the Reserve Bank of Australia's interest rate decision, the US Conference Board Consumer Confidence Index in September, speeches by Fed officials, and news related to the geopolitical situation.
Yesterday, the historical high of 2634 was reached again, showing a continuous breakthrough of the bullish pattern. The MA7/10-day moving average and the 5-day moving average have moved up to 2605/2582, of which the 5-day moving average is above the 2600 mark, and the RSI indicator is close to the high value of 80. The upper rail resistance of the Bollinger Band channel is obvious. In the short term, the gold price faces certain suppression and technical indicator repair. The overall gold bull trend structure is intact. The small cycle indicator is overbought and the indicator needs further cycle repair. Look at the 2615/2635 range first, buy low and sell high.
Trading strategy:
2613-2615 long, stop loss 2604, target 2635-2645;
2635-2638 short, stop loss 2647, target 2610-2600;