Reliable_Trading

Reliable_Trading Updated  Apr 11, 2023

At present, the suppressing point ma120 moving average above the hourly chart is near the 2000 mark, followed by the ma60 moving average suppressing here at 2005. Therefore, there is very little room for gold to continue to rise today. Either it rebounds to around 2000 yesterday's high and then comes down, or it pierces yesterday's high to go to around 2005...

Reliable_Trading Updated  Apr 10, 2023

Currently, gold is finding support around 1985 on the 4-hour chart. This level not only represents the 38.2% Fibonacci retracement of the current trend, but also coincides with the 60-period moving average on the 4-hour chart. If gold breaks below the 1985 support level, it is likely to test the 1965-60 range as the next support zone. This range is also where...

Reliable_Trading Updated  Apr 10, 2023

Yesterday, as scheduled, the US Department of Labor released the ADP employment report for March, showing 145,000, lower than the previous value of 242,000 and the estimated value of 200,000, which conveyed a somewhat weak sentiment. Although the importance of this data is not as important as the non-farm payrolls data to be released tomorrow, as an official data...

Reliable_Trading Updated  Apr 10, 2023

XAUUSD: 2015-2020 Sell On Wednesday, the weaker-than-expected March "small non-agricultural" data and non-manufacturing PMI data fueled market concerns about an economic slowdown and stimulated bets that the Federal Reserve may slow down rate hikes. Spot gold continued to hit new highs since March last year, with an intraday high of 2032, and then gave up most...

Reliable_Trading Updated  Mar 30, 2023

Gold is a precious metal trading derivative product originated in London, but it has now become popular worldwide. How to use the 24-hour gold price chart for trading? In addition to its high leverage and high yield characteristics, the 24-hour trading time is also an important product highlight. The significant fluctuation of international gold prices...

Reliable_Trading Updated  Mar 29, 2023

Although the US dollar index showed some decline in early trading today, the actual trend is not mainly downward, but rather a form of adjustment. Therefore, when the adjustment demand is released, the US dollar index will still have a short-term rebound, and we can seize this wave of rebound to make a small profit. Regarding the corresponding European and...

Reliable_Trading Updated  Mar 29, 2023

Although the US dollar index experienced some early decline today, the actual pattern is not primarily bearish, but rather a form of adjustment. Therefore, when the adjustment demand is released, the US dollar index will still have a short-term rebound, and we can seize this wave of rebound to make a profit. Regarding the corresponding Australian and American...

Reliable_Trading Updated  Mar 28, 2023

Fundamental analysis: Affected by multiple bank failures, gold rose from 1800 to 2000. With the fading of risk aversion in the midway and the limited interest rate hike by the Federal Reserve, risk aversion reignited and gold experienced a rollercoaster-like rapid rise and fall in the recent period. After the recent explosive news, gold is expected to return to...

Reliable_Trading Updated  Mar 24, 2023

Short above 1985, TP1960, 1935, SL1995

Reliable_Trading Updated  Mar 23, 2023

Fundamental analysis Reasons for last week's rise in gold prices: 1.A round of banking crisis shook the global market, and the bet on the Federal Reserve's less aggressive stance on fighting inflation was also consolidated. 2.The collapse of Silicon Valley Bank highlighted the vulnerability of banks facing a sharp increase in interest rates, and the sharp drop...

Reliable_Trading Updated  Mar 22, 2023

GOLD: Interest rate resolution is looming, which may lead to range-bound fluctuations. Gold has encountered a dual pressure of declining safe-haven demand and rising US Treasury yields, causing a significant intraday decline, with a meager rebound to close just above the $1940 support level. Firstly, from a daily chart perspective: in the 1804-2009 trend,...

Reliable_Trading Updated  Mar 22, 2023

Due to the upcoming Federal Reserve announcement, gold is currently trading in a narrow range, but the bearish trend remains unchanged. The European market maintains a bearish outlook and relies on the resistance level of 1950 to go short. Gold experienced a significant decline yesterday and is currently trading in a consolidation phase, which is a continuation...

Reliable_Trading Updated  Mar 21, 2023

On Thursday, the Federal Reserve is highly likely to raise interest rates by 25 basis points, coupled with UBS's acquisition of Credit Suisse and liquidity operations jointly conducted by the Federal Reserve and the five major central banks, which has led to a gradual decline in market risk aversion. Gold began to consolidate at a low level after exploring risk...