GoldenSpaceship

Gold Market Analysis: Yesterday's gold price essentially saw a range-bound correction after a sharp drop. The 4-hour chart saw back-and-forth fluctuations, forming a large range. Today's gold price is expected to continue to fluctuate within this range. Both the 4-hour and daily charts showed very long lower shadows, reducing the likelihood of a direct unilateral move. Gold has already fallen over 300 points in the two days before yesterday and yesterday, and technically, it needs a period of correction and consolidation. Today's gold trading strategy is both buying and selling. Look for patterns of volatility. Note that gold has been extremely volatile over the past two days, making it easy to lose money if you buy and sell based on technical analysis. Try to follow the 30-minute trend to chase orders. A small intraday move can reach 50 points. Don't be too concerned about the profit margin. Gold prices will continue to rise in the morning session. Let's first look at the minor support level of 4065. If this level stabilizes, it could reach a new one-hour high. Today's buying strategy must focus on 4161. If it breaks again, it could trigger a new buying trend. Let's look for buying opportunities in the Asian session. Support is at 4065 and 4080, with strong support at 4000 and resistance at 4161. The market's strength-weakness dividing line is at 4065. Fundamental Analysis: The alarming crude oil inventory data is supporting crude oil buying prices. Furthermore, whether Federal Reserve officials have signaled further interest rate cuts will support gold buying. Trading Recommendations: Gold - Buy around 4065, target 4110-4165

Market News: Spot gold continued its decline in early Asian trading on Thursday (October 23rd), currently trading around $4,070 per ounce. Yesterday, international gold prices experienced significant intraday volatility, with London gold prices plummeting to a near two-week low, indicating investors were taking profits ahead of Friday's key inflation data. However, trade tensions attracted some safe-haven buying, significantly paring the intraday decline by the close. Europe's clear response to Trump's call for a ceasefire between Russia and Ukraine offered hope of an end to the conflict. The prospect of the US government shutdown ending this week also reduced market uncertainty. Severely oversold technical conditions in precious metals triggered widespread profit-taking, with US gold ETFs shedding 125 tons of holdings, a drop of nearly 3%. Coupled with rising expectations of a dual-loan policy following the election of Japanese Prime Minister Sanae Takaichi, the weakening yen has passively strengthened the US dollar. These factors have put the current capital-driven rally in precious metals at risk. Technical Analysis: Gold is experiencing a daily correction with consecutive declines. The New York closing price fell below the 7/10 moving averages at 4203/4176 for the first time since August 20th. The RSI indicator has fallen back below the 50-day moving average, pushing the gold price back towards the middle Bollinger Band near the 4000 mark. The short-term four-hour moving average formed a downward crossover, with the price trading within the lower middle Bollinger Band. The RSI indicator is adjusting below the middle axis. The hourly moving averages are converging, with the Bollinger Band closing price adjusting towards the middle axis. In the short term, gold prices are expected to continue to experience weak, wide-ranging fluctuations. Today's trading strategy is primarily to sell high on rebounds, with buying low as a supplement. A friendly reminder: the recent market volatility, accompanied by rapid and chaotic market fluctuations, requires extreme caution when trading. Looking at the current market, the key focus for gold below is the battle for the 4000 mark. This level is currently near the 20-day moving average on the daily chart and the 5-week moving average on the weekly chart. Technically, a break below this level could trigger a mid-term correction. As a round number, if 4000 points holds, it indicates that buying sentiment remains. If this level is supported by fundamental news such as a Fed rate cut, a rebound is possible. If 4000 points holds, the two-day plunge can be viewed as a period of profit-taking, indicating that buying has not completely subsided. If 4000 points falls this week, sentiment could significantly dampen the previously frenzied bullish sentiment, potentially triggering further panic selling and potentially leading to a larger-scale correction. In summary, the focus on the battle for support around 4020-4000 is on the downside, with continued fluctuations likely above this support band. Gold Intraday Trading Strategy: Short-term gold buy at 4000-4005, stop loss at 3990, target at 4100-4130; Short-term gold sell at 4155-4160, stop loss at 4175, target at 4010-4030; Key Points: First Support Level: 4032, Second Support Level: 4000, Third Support Level: 3982 First Resistance Level: 4102, Second Resistance Level: 4133, Third Resistance Level: 4158

Gold Market Analysis: Yesterday's gold price plunge marked its largest single-day drop in several years. The previous rally was as exhilarating as the current decline. Markets are like this, and after all, there are always surprises. The 4-hour chart formed a large M-shaped pattern at a high level, signaling a short-term top. At least in the short term, gold will struggle to rally again. The market will essentially undergo a correction and adjustment. If the weekly chart fails to close above this level in the next three days, it will likely signal a significant top. The weekly chart has closed positive for nine consecutive weeks, so a negative close this week is unlikely. We are simply followers, following the trend rather than fighting it. Yesterday's market action provided an unforgettable memory for investors who prefer to speculate on the market without risking losses. Today, we need to wait for a rebound to see if there's an opportunity for correction and adjustment. Yesterday's hourly rebound reached 4150 at the end of trading. It then plunged in the early Asian session before rebounding again, indicating that the hourly level has bottomed out. Today, the price needs to correct within a range. We are currently unsure of the high point of this correction. Opportunities can be found on the 15-minute and 30-minute charts during the Asian session. For hourly trading, focus on the 4150-4080 range. Gold has been experiencing significant volatility recently, and I've repeatedly reminded everyone to take stop-loss orders. Resistance levels are 4130 and 4150, while support levels are 4080 and 4050. The dividing line between strength and weakness is 4150. Fundamental Analysis: Watch the EIA crude oil inventory data today. Trading Recommendation: Gold - Sell around 4150, target 4120-4080.

Technical Analysis of the ETH Contract on October 22nd: Today, the large-scale daily chart closed with a small negative candlestick pattern. The K-line pattern continued to decline, and the price remained at a low level. The accompanying indicator formed a downward death cross, and the overall downward trend is still very clear. Although the overall momentum is not strong at present and remains within the range, such a trend is easily affected by news or data, and a significant downward breakout is likely. Therefore, the short-term trading strategy of the high point remains unchanged. The short-term hourly chart showed downward pressure on the price in the early morning. The current K-line pattern continued during the Asian morning. The accompanying indicator formed a downward death cross and broke through the previous day's low. Therefore, today is a simple matter. Focus on the day and wait for a pullback correction in the European session before entering the market and selling directly. The strategy and timing are relatively clear, so please strictly follow it.

October 22nd BTC Contract Technical Analysis: Today, the large-scale daily chart closed with a medium-sized negative candlestick pattern. The candlestick pattern showed consecutive positive lines with a single negative line, but the price was below the moving average. The accompanying indicator formed a death cross, and yesterday's closing line had a long upper shadow. Therefore, based on the trend pattern and trend structure, the overall downward trend is still dominant and obvious. Trading should remain short-term, as we are engaged in short-term contract trading. What matters is the success rate and accumulation of profits. We must not mistake the direction. The short-term hourly chart showed a high early morning price rise and then a pullback under pressure. The current candlestick pattern shows a series of negative lines, but the price is near the low support level, so it is not appropriate to sell directly during the day. Watch for a break of the 107,400 area. If it does not break, you can try to buy, with a stop loss at the 106,800 area and a target of 109,000. Real-time trading is based on the real-time intraday trend.

Market News: Spot gold prices continued their sharp decline in early Asian trading on Wednesday (October 22nd), currently trading around $4,020 per ounce, a drop of nearly $130. Amidst the volatile global financial markets, the London gold price is once again facing a severe test of gold's status as a traditional safe-haven asset. Yesterday, gold prices suffered a sharp drop, plummeting 5.3% in a single day, nearly $300, marking the largest single-day drop since August 2020. This plunge was not an isolated incident, but rather the result of a confluence of factors, including investor profit-taking, weakening safe-haven demand, and subtle shifts in the macroeconomic environment. International gold prices have risen by approximately 60% this year. This "flash crash" not only rattled global investors but also reflected the complex dynamics of international geopolitics, economic policies, and currency markets. In the short term, gold prices may enter a period of consolidation. While this plunge may present a buying opportunity for investors, investors should remain vigilant to potential impacts from inflation data and the Federal Reserve meeting. While gold's safe-haven myth has been temporarily shattered, its core value as a hedge remains unchanged. Amidst continued global uncertainty, rationally allocating gold assets may be a wise choice to weather future storms. Technical Analysis: Gold experienced a historic plunge, with a single-day drop of nearly 400 points. After reaching a high of $4,381 per ounce, the price plummeted to $4,000, a move widely interpreted by the market as a sharp correction from its recent rapid rise. The end of Diwali gold buying demand in India, a rebound in the US dollar, and the absence of US futures market data due to the government shutdown all contributed to the sell-off. The market is showing signs of a bubble, and this plunge is an inevitable correction after the rally has peaked. The subsequent trend will focus on the sustainability of this decline and the price struggle around key levels. Assuming the global macroeconomic backdrop remains unchanged, gold still has upward momentum in the medium to long term, but the risk of sharp fluctuations in the short to medium term has significantly increased. Gold Intraday Trading Strategy: Short-term gold long at 3950-3955, stop loss at 3940, target at 4050-4080; Short-term gold short at 4100-4105, stop loss at 4115, target at 4000-4030; Key Points: First Support Level: 4000, Second Support Level: 3980, Third Support Level: 3955 First Resistance Level: 4080, Second Resistance Level: 4100, Third Resistance Level: 4130

Gold Market Analysis: Yesterday, gold rebounded in the Asian session before repeatedly diving. However, in the US session, gold broke through 4277. This breakout signals the beginning of a buying spree. Yesterday, we analyzed that 4380 wasn't the high point of this wave during the Asian session. However, the price hit a new high in the US session, but the buying didn't continue, forming a new small top. The 4H chart shows a large V-shaped trend. Buying is starting to speculate on the continued strong buying trend. Today, we recommend continuing to buy. The daily moving average is diverging again, suggesting renewed buying momentum. We estimate that a minor dip in the Asian session will find support and push back towards 4381. Looking for opportunities to buy when the market stabilizes is crucial. It's crucial to understand the rhythm of gold's movement. Avoid entering orders during periods of strong rallies or cascading declines, as this can lead to losses within minutes. The above analysis chart represents my estimated fluctuation rhythm. If the market direction changes, we should continue to follow suit. Support levels are 4300 and 4320, resistance is 4381, and the market's strength-weakness dividing line is 4320. Fundamental Analysis: The Federal Reserve has once again implemented loose monetary policy, and with the added support of CPI, market uncertainty is surging, prompting a surge in gold prices. Trading Recommendations: Gold: Buy around 4320, target 4360-4399

Market News: Spot gold prices fluctuated at high levels in early Asian trading on Tuesday (October 21st), currently trading around $4,360 per ounce. Amidst the volatile global financial markets, gold, as a traditional safe-haven asset, has once again demonstrated its unparalleled appeal. Spot gold prices surged by over 2.5%, nearly $160, recouping all of last Friday's losses and reaching a new all-time high of $4,381 per ounce. This strong rebound in London gold prices is driven not only by strong investor expectations for further Federal Reserve rate cuts, but also by continued safe-haven demand and potential uncertainty surrounding the Sino-US trade negotiations. With the US government shutdown entering its 20th day and key economic data releases delayed, the market is highly sensitive. Gold's safe-haven properties are further amplified in the current global economic environment. Internationally, political developments in Japan and the Eurozone are also indirectly impacting the gold market. Investors should closely monitor this week's CPI data, the progress of Sino-US trade negotiations, and next week's Federal Reserve meeting, as these events will directly shape the future trajectory of gold prices. In such volatile times, gold is more than just a metal; it's an anchor of investor confidence. Faced with the potential $5,000 target, rational investment strategies may be the wisest choice at this time. Technical Analysis: Gold remained under pressure throughout yesterday, fluctuating around 4280. However, gold ultimately broke through the US market, driven by safe-haven buying, and surged again. This strong rally demonstrates that, as in previous sessions, gold is undergoing rapid adjustments, demonstrating its consistent strength. While the market is currently volatile, wait patiently for a pullback and continue buying. Returning to the 1-hour gold chart, the moving average continues its upward golden cross, maintaining a buy pattern. Gold prices remain strong in the short term after a strong breakout above 4325 resistance, with gold buying once again breaking through Friday's high. Following the trend, gold once again reached a new all-time high at 4381, closing with a large bullish candlestick pattern. Technically, gold retraced to support at the 5-day and 7-day moving averages, with the moving averages continuing to trend upward. Bollinger Bands on the hourly and 12-hour charts are pointing upward, with the moving averages forming a golden cross, indicating a continued trend-buying pattern. Today's trading strategy remains focused on buying low! Trading strategies suggest buying opportunities when prices dip above the 4320 support level! Trading strategy: Short-term gold buy at 4325-4330, stop loss at 4315, target at 4380-4400; Short-term gold sell at 4420-4425, stop loss at 4435, target at 4360-4330; Key points: First support level: 4352, second support level: 4325, third support level: 4300; First resistance level: 4380, second resistance level: 4396, third resistance level: 4420