Gold is soaring, has it reached its all-time high?
Gold still maintains the trend of bullish structure in the rising channel, and the daily line hits a new record high of 2882, ending the rising streak. The upward trend has expanded to $300 since 2582 on December 19.
From the technical perspective of gold, how much upward space is there in this round of upward trend? When will the trend change? First of all, the daily and weekly RSI indicators are both at a high level close to 80 values. After the weekly chart hit a record high, the price deviated from the MA10 daily moving average, and the price was above the upper track of the Bollinger band. From the weekly and daily charts, as the increase further expands, the upward space is gradually compressed. Pay attention to the high and low after the historical high and the turning of the indicator signal after overbought. Trading ideas: Buy at a low price in the callback, but hold short-term and do not chase high prices. Pay attention to the opportunity of long-term band short at the historical high!
The short-term structure is still relatively obvious, and the strong market is rising unilaterally. The bullish buyers of gold are almost out of control. Is 2900 no longer the target in February? This frequent rise may really reach an unprecedented high of 3,000 at the beginning of 2025!
The current trend of gold is relatively resistant to declines. Without news or data catalysis, the bulls will not take profits and enter the market again for the time being. If it falls today, it will give an opportunity to adjust the low-price buying entry. Today, it is still bullish with 2,850 as the defense point. February is destined to have a historical high. Today, continue yesterday's low-price buying idea!
Key points:
First support: 2860, second support: 2852, third support: 2840
First resistance: 2878, second resistance: 2886, third resistance: 2898
Operation ideas:
BUY: 2851-2854, SL: 2842, TP: 2880-2890;
SELL: 2895-2898, SL: 2907, TP: 2860-2850;
From the technical perspective of gold, how much upward space is there in this round of upward trend? When will the trend change? First of all, the daily and weekly RSI indicators are both at a high level close to 80 values. After the weekly chart hit a record high, the price deviated from the MA10 daily moving average, and the price was above the upper track of the Bollinger band. From the weekly and daily charts, as the increase further expands, the upward space is gradually compressed. Pay attention to the high and low after the historical high and the turning of the indicator signal after overbought. Trading ideas: Buy at a low price in the callback, but hold short-term and do not chase high prices. Pay attention to the opportunity of long-term band short at the historical high!
The short-term structure is still relatively obvious, and the strong market is rising unilaterally. The bullish buyers of gold are almost out of control. Is 2900 no longer the target in February? This frequent rise may really reach an unprecedented high of 3,000 at the beginning of 2025!
The current trend of gold is relatively resistant to declines. Without news or data catalysis, the bulls will not take profits and enter the market again for the time being. If it falls today, it will give an opportunity to adjust the low-price buying entry. Today, it is still bullish with 2,850 as the defense point. February is destined to have a historical high. Today, continue yesterday's low-price buying idea!
Key points:
First support: 2860, second support: 2852, third support: 2840
First resistance: 2878, second resistance: 2886, third resistance: 2898
Operation ideas:
BUY: 2851-2854, SL: 2842, TP: 2880-2890;
SELL: 2895-2898, SL: 2907, TP: 2860-2850;
Nota
XAUUSDBUY: 2868~2866near
SL:2861
tp1:2878
tp2:2883
For more signals and analysis, please check my profile
Dagangan ditutup secara manual
XAUUSDSELL: 2862~2864near
SL:2869.5
tp1:2854
tp2:2548
Nota
⚡️+ 50 pips Close half and move SL to entry price nowNota
The lowest price is 2853.9, and the target price has been reachedNota
SELL2862 Reach sell down target nowNota
Free analysis and signals also start to make money Nota
2860Now, you decide how much you earn Nota
XAUUSDSELL again: 2862~2864near
SL:2869.5
tp1:2854
tp2:2848
For more signals and analysis, please check my profile
Nota
GBPUSDBUY: 1.2410~1.2390near
SL:1.2350
tp1:1.2480
tp2:1.2540
For more signals and analysis, please check my profile
Nota
XAUUSDBUY: 2861~2859near
SL:2854
tp1:2870
tp2:2878
Nota
XAUUSDAdd BUY: 2856~2854near
SL:2848
tp1:2866
tp2:2870
Nota
GBPUSD has now rebounded near the entry point, please close it.Nota
GBP returns to the entry point, please close and no longer update
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🥇My free Telegram group(Updated daily):
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.