Gold short-term trend analysis

ontem

Technically, gold closed higher on the daily line, and the New York closing price once again stood above the 2900 mark of the MA10 daily moving average. The current price is adjusted above the MA7/5 daily moving average at 2908/10, the RSI indicator is above the middle axis, the Bollinger Band daily chart is flat, and the price is adjusted at the middle track 2913.

The Bollinger Bands of the short-term four-hour chart are gradually shrinking, with the upper track at 2930 and the lower track at 2888. The moving average forms a golden cross again, and the RSI indicator adjusts above the middle axis. The hourly chart forms a converging triangle interval consolidation. The triangle interval is currently oscillating at 2922, suppressed by the upper track, and supported by the lower track at 2893. The medium-term long-short dividing line is still the key position of 2930.

Yesterday's gold market was a surge in the Asian and European sessions. The intraday market was bullish. The recent market was in the form of a fluctuating rise, that is, the continuity was not strong after each break, and it was pulled up after a retracement. Therefore, today's market should try to choose to retrace and do more.

The current support for gold is 2906-2900, of which 2922 is the high point of today, and 2906 is the starting point of the hourly chart. The focus below is on the 2906 low and the 2900 mark, which is also the support of the golden section and the trend line support point since the rise of 2880. The short-term pressure above is 2922!

Focus on the recent high of 2930. There was a certain retracement when it first touched 2930. If it breaks through again, the continuation will be larger. After breaking through 2930, the next target is the historical high of 2956.

Key points:
First support: 2906, second support: 2900, third support: 2893

First resistance: 2922, second resistance: 2930, third resistance: 2948

Operation ideas:
Buy: 2890-2893, SL: 2882, TP: 2920-2930;

Sell: 2928-2930, SL: 2939, TP: 2900-2890;

ontem

Trade ativo

Buy to make a profit, wait for resistance below 2930 before selling

há 19 horas

Nota

Before the CPI is released, the volatility slows down. We need to wait for the trend to break before entering the market.

If it breaks through 2930, it will continue to rise to 2940~2950.
If it falls below 2900, it will test the support of 2880.

If the NY time CPI data is lower than expected or the geopolitical risks escalate, it will suppress the US dollar market. Gold may break through 2925 US dollars and sprint towards the 2930-2940 range.
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On the contrary, if the CPI data exceeds expectations and causes the US dollar to rebound, it may fall back to the 2900-2880 support area

há 18 horas

Nota

According to what was said before, the CPI is now lower than expected, and gold rose by 8$, reaching 2922