The bullish view on gold remains unchanged, so rest assured and
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https://www.tradingview.com/x/DIm9LG5v/
Hello ladies and gentlemen! The capital market is always unpredictable. Last week, gold was still falling sharply. This Monday, gold rose directly as I predicted. People who have followed me for a long time know that on Monday, I made it clear that gold will bottom out this week, opening up room for growth. .
Gold rose directly after the market opened on Monday. Although the U.S. market was closed, the rise was still very strong. The highest was 2358, and the overall price was as much as 25 US dollars. It has stepped out of the gold rising channel. Now the bottom is obvious, and the market outlook will rise significantly.
Although the U.S. market is closed on Monday, the market situation on Monday cannot be ignored. Gold rose on Monday. On the one hand, the weakening of the US dollar index and on the other hand, the geopolitical situation in the Middle East boosted safe-haven buying. There are few economic data on this trading day. Pay attention to the U.S. Conference Board Consumer Confidence Index in May. In addition, you need to continue to pay attention to the speeches of Federal Reserve officials and news related to the geopolitical situation in the Middle East. Investors are currently awaiting data on the U.S. personal consumption expenditures (PCE) price index for April, due to be released on Friday, which is the inflation gauge favored by the Federal Reserve.
Under the support of the weak US dollar, gold reversed upward. As mentioned before, the US dollar is expected to fluctuate and fall slowly in this cycle. Below, we look at 104 and a low of 102.5. For the time being, the falling space of 104.4 has not yet been completely cleared.
Therefore, there is still room for a slow decline during the week. Then, due to the difference of gold, the rise has just begun. Therefore, there is no rush to discuss how much the U.S. dollar will fall and how much gold will rise. Let's look at the respective spaces first.
Gold rose directly at the opening on Monday, from 2333 to 2358, with an overall increase of 25 US dollars. Although the US dollar was closed, it did not affect the upward trend and basic space. Therefore, the basic market had the following changes after Monday's rise.
First, the daily line closed positive last Friday and broke through the Bollinger Band mid-range suppression point. Then, the intraday upside can continue to look at the upper track high or the previous high of 2430, because there is still a lot of room for growth in the daily cycle.
Second, during the continuous rise in the H4 cycle, the moving averages formed an upward diverging hook, and the K-lines all closed above the moving averages, simultaneously breaking the Bollinger middle track. Therefore, with clear strength, the next step is to at least see the Bollinger upper track above 2382. , therefore, the direction is clear on Tuesday and remains bullish.
Then, it is determined that the US dollar is weak and the technical outlook of each cycle is bullish. In small cycles, we only need to consider the entry point for long positions. In the structure, the hourly support is around 2348.
The Asian and European market can follow the bullish trend at this point. Following the trend, 2370 and 2382 can be seen above.
My analysis may not be completely correct or suitable for everyone. If you have better suggestions, you can tell me.
Hello ladies and gentlemen! The capital market is always unpredictable. Last week, gold was still falling sharply. This Monday, gold rose directly as I predicted. People who have followed me for a long time know that on Monday, I made it clear that gold will bottom out this week, opening up room for growth. .
Gold rose directly after the market opened on Monday. Although the U.S. market was closed, the rise was still very strong. The highest was 2358, and the overall price was as much as 25 US dollars. It has stepped out of the gold rising channel. Now the bottom is obvious, and the market outlook will rise significantly.
Although the U.S. market is closed on Monday, the market situation on Monday cannot be ignored. Gold rose on Monday. On the one hand, the weakening of the US dollar index and on the other hand, the geopolitical situation in the Middle East boosted safe-haven buying. There are few economic data on this trading day. Pay attention to the U.S. Conference Board Consumer Confidence Index in May. In addition, you need to continue to pay attention to the speeches of Federal Reserve officials and news related to the geopolitical situation in the Middle East. Investors are currently awaiting data on the U.S. personal consumption expenditures (PCE) price index for April, due to be released on Friday, which is the inflation gauge favored by the Federal Reserve.
Under the support of the weak US dollar, gold reversed upward. As mentioned before, the US dollar is expected to fluctuate and fall slowly in this cycle. Below, we look at 104 and a low of 102.5. For the time being, the falling space of 104.4 has not yet been completely cleared.
Therefore, there is still room for a slow decline during the week. Then, due to the difference of gold, the rise has just begun. Therefore, there is no rush to discuss how much the U.S. dollar will fall and how much gold will rise. Let's look at the respective spaces first.
Gold rose directly at the opening on Monday, from 2333 to 2358, with an overall increase of 25 US dollars. Although the US dollar was closed, it did not affect the upward trend and basic space. Therefore, the basic market had the following changes after Monday's rise.
First, the daily line closed positive last Friday and broke through the Bollinger Band mid-range suppression point. Then, the intraday upside can continue to look at the upper track high or the previous high of 2430, because there is still a lot of room for growth in the daily cycle.
Second, during the continuous rise in the H4 cycle, the moving averages formed an upward diverging hook, and the K-lines all closed above the moving averages, simultaneously breaking the Bollinger middle track. Therefore, with clear strength, the next step is to at least see the Bollinger upper track above 2382. , therefore, the direction is clear on Tuesday and remains bullish.
Then, it is determined that the US dollar is weak and the technical outlook of each cycle is bullish. In small cycles, we only need to consider the entry point for long positions. In the structure, the hourly support is around 2348.
The Asian and European market can follow the bullish trend at this point. Following the trend, 2370 and 2382 can be seen above.
My analysis may not be completely correct or suitable for everyone. If you have better suggestions, you can tell me.
交易進行
Gold enters adjustment phase交易進行
It was reported that Israeli and Egyptian soldiers exchanged fire at the Rafah crossing on Monday. Affected by the geopolitical conflict, gold rose 1%.交易進行
Maintain a bullish direction交易進行
It's time for gold to rise交易進行
I said gold was bullish, and I couldn’t be wrong.交易進行
The rise has started and the trend is already obvious
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