When will gold break below 1900?
Actualizado
Gold latest market trend analysis:
Gold news analysis: On Tuesday (September 12), spot gold remained volatile and is currently trading near $1920. The next day, spot gold first rose and then fell, its many times on the day to test the 1930 mark failed, and then in the United States trading session to give up some of the gains, and finally closed up slightly, the dollar index hit the biggest one-day decline in nearly two weeks, any short-term trend in the dollar may also be due to Wednesday's release of the United States consumer price index (CPI) reversed. The index could prompt the Federal Reserve to reconsider its policy course. Gold prices rose Monday, on track for their best session in nearly two weeks, as the advance came amid a pullback in the U.S. dollar that could come under some pressure ahead of key inflation data this week that could influence the Federal Reserve's decision on interest rates later this month.
The US consumer price index (CPI) for August will be in focus on Wednesday. CPI is expected to rise 0.5% month-on-month in August, while core CPI is expected to rise 0.2% month-on-month. Markets do not expect the Fed to raise its policy rate in September, and inflation data are unlikely to change that view. The CPI data could affect traders' bets on whether the Federal Reserve will raise interest rates further. A stronger-than-expected monthly reading could lift hawkish bets on the Fed, putting pressure on gold. Conversely, if the data is weak, it could have the opposite effect on gold's direction, helping it achieve a rebound.
Gold technical analysis: Gold yesterday fell to close flat, the daily line again closed the cross K line, the neutral position of the double cross K line. In the short term, we face the choice of direction, whether to stop the fall and start a stable recovery or to fall down. Waiting for the daily line of the physical K line to break the range, the US dollar upside suspension, making the short-term strength of gold is uncertain, is currently in a lateral sawing. The golden day line is in the peak and fall stage, the MA5-MA10 average line maintains the trend of dead cross, and the MACD green column can start to increase. The weekly line is also in a downward pattern of shocks, the pressure forest rail continues to fall, the Bollinger belt three rail at the same time to open down, the decline is expected to be further lower. At present, the 1930 mark has been tested for many times to fall back, and the upper pressure is obvious, then continue to maintain bearish ideas. Focus on the key watershed of 1915, once it is clearly broken, then the downside risk is further intensified, it is expected to test near the 1900 mark, and the rebound can focus on near 1930.
Gold 4-hour chart rebounded yesterday 1930 line still pressure fell back to 1920 close, close near the middle rail, the current Brinroad began to close, from the upper rail pressure fell to the middle rail. The 4-hour period chart is temporarily passivated and is structurally neutral in the shock selection. The hour chart fell into the interval sawing, the cell between the upper rail in 1930, the lower rail in 1915, waiting for the interval to break. There are some signs of temporary stop in the small cycle, 1915 is the first support level in the short term. If this level is broken, it could lead to further declines, possibly testing the 1900 mark. In summary, today's gold short-term operation ideas suggest that the rebound is mainly short, the callback is supplemented by more, the short-term focus on the above 1928-1933 resistance, and the short-term focus on the below 1910-1905 support.
Gold news analysis: On Tuesday (September 12), spot gold remained volatile and is currently trading near $1920. The next day, spot gold first rose and then fell, its many times on the day to test the 1930 mark failed, and then in the United States trading session to give up some of the gains, and finally closed up slightly, the dollar index hit the biggest one-day decline in nearly two weeks, any short-term trend in the dollar may also be due to Wednesday's release of the United States consumer price index (CPI) reversed. The index could prompt the Federal Reserve to reconsider its policy course. Gold prices rose Monday, on track for their best session in nearly two weeks, as the advance came amid a pullback in the U.S. dollar that could come under some pressure ahead of key inflation data this week that could influence the Federal Reserve's decision on interest rates later this month.
The US consumer price index (CPI) for August will be in focus on Wednesday. CPI is expected to rise 0.5% month-on-month in August, while core CPI is expected to rise 0.2% month-on-month. Markets do not expect the Fed to raise its policy rate in September, and inflation data are unlikely to change that view. The CPI data could affect traders' bets on whether the Federal Reserve will raise interest rates further. A stronger-than-expected monthly reading could lift hawkish bets on the Fed, putting pressure on gold. Conversely, if the data is weak, it could have the opposite effect on gold's direction, helping it achieve a rebound.
Gold technical analysis: Gold yesterday fell to close flat, the daily line again closed the cross K line, the neutral position of the double cross K line. In the short term, we face the choice of direction, whether to stop the fall and start a stable recovery or to fall down. Waiting for the daily line of the physical K line to break the range, the US dollar upside suspension, making the short-term strength of gold is uncertain, is currently in a lateral sawing. The golden day line is in the peak and fall stage, the MA5-MA10 average line maintains the trend of dead cross, and the MACD green column can start to increase. The weekly line is also in a downward pattern of shocks, the pressure forest rail continues to fall, the Bollinger belt three rail at the same time to open down, the decline is expected to be further lower. At present, the 1930 mark has been tested for many times to fall back, and the upper pressure is obvious, then continue to maintain bearish ideas. Focus on the key watershed of 1915, once it is clearly broken, then the downside risk is further intensified, it is expected to test near the 1900 mark, and the rebound can focus on near 1930.
Gold 4-hour chart rebounded yesterday 1930 line still pressure fell back to 1920 close, close near the middle rail, the current Brinroad began to close, from the upper rail pressure fell to the middle rail. The 4-hour period chart is temporarily passivated and is structurally neutral in the shock selection. The hour chart fell into the interval sawing, the cell between the upper rail in 1930, the lower rail in 1915, waiting for the interval to break. There are some signs of temporary stop in the small cycle, 1915 is the first support level in the short term. If this level is broken, it could lead to further declines, possibly testing the 1900 mark. In summary, today's gold short-term operation ideas suggest that the rebound is mainly short, the callback is supplemented by more, the short-term focus on the above 1928-1933 resistance, and the short-term focus on the below 1910-1905 support.
Operación activa
1916 buy tp1928-1930 SL1911Operación activa
1913-1915 sell tp1900-1895 sl1920Operación activa
The orders we sold have already started to profitOperación activa
1905DoneOperación activa
Today's volatility was small, but we almost made profits from selling at the highest point and closing orders at the lowest pointOperación activa
We sold gold yesterday twice in a row in 1914 and finally closed trading in 1905 and 1906. Today 1903-1906buy tp1920-1925 SL1896Operación activa
The current trend is still in favor of bears, but the support below 1900 and 1897 is strong so I think it is less risky to buy gold. It may be wrong, but I will choose to do it and hope it is right.Operación activa
We publicly stated yesterday that 1900's support was valid. We should buy it here. Finally, the order we purchased in 1903 succeeded in meeting our 1919 target. Congratulations, everybody. Our trading strategy is perfectOperación activa
1903-1906buy tp1925-1930 doneOperación activa
Gold 1929-1930sell tp1920-1915 SL1937
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