https://www.tradingview.com/x/reCgxNhO/
News：
On Monday (September 22nd), spot gold prices briefly consolidated in early Asian trading before surging $20 at noon, reaching a high of $3,719.72, a new all-time high. Gold prices continued their upward momentum from last Friday's 1.12% gain and are currently trading around $3,720.
Global financial markets are poised for a wave of policy speeches following the end of the Federal Reserve's quiet period. FOMC voting members' frequent statements are a key market focus, and gold prices are expected to strengthen their upward momentum as Fed members explain their reasons for the rate cut vote.
Monday: Speech by St. Louis Fed President Mousallem (a hawkish figure) and New York Fed President Williams (the third-ranking official on the FOMC).
Tuesday: Speech by Cleveland Fed President Hammack, Richmond Fed President Barkin, and Atlanta Fed President Bostic.
Thursday: Follow-up speeches by Federal Reserve officials in the evening, including speeches by San Francisco Fed President Mary Daly, Chicago Fed President Goolsbee, and New York Fed President Williams.
Friday: San Francisco Fed President Mary Daly and Federal Reserve Board Governor Bowman will deliver speeches in succession, and may comment on the PCE data released that day.
Technical aspects：
Gold prices have reached a new all-time high, with a top-bottom reversal at 3700.
Hello, gold has reached a new all-time high near 3720, breaking through the 3700 mark for the third time. Note the top-bottom reversal line at 3700.
You'll notice that gold's current upward trajectory starts with a rise, and its focus remains on this uptrend. The process is full of twists and turns, prompting both doubts about market ups and downs, and a reassurance about market ups and downs.
Today, Monday, the market opened with a continued strong rise, breaking through the new high and accelerating towards 3720.
Continuing this strong upward trend will depend on holding below the resistance level. The early morning low of 3684 and the support level of 3685, identified during the Asian session's pullback, serve as defensive zones. Hold these levels and move upwards. Focus on the 3725-3727 range, followed by the 3740 range.
Specifically:
1. A breakout from a new high in the morning session. Holding the low is key, while breaking the high is crucial. Breaking the low and high suggests acceleration; breaking the low easily leads to a return to a range-bound trend.
2. Five consecutive weekly gains. After breaking through four months of sideways trading, the pattern opens upward, indicating bullish dominance.
3. The daily chart had previously been surging upward around the 10-day moving average, breaking higher. This time, the correction was quite sharp, falling directly below both the 10-day and 5-day moving averages. After repeated adjustments, it re-broke and stabilized above the moving averages last Friday, thus relying on these moving averages to break new highs.
Therefore, the correction can be considered complete, confirming support and continuing the upward push.
The moving average is now located in the 3675-3660 area. Keep this in mind. If it continues to break higher, the next resistance level will be 3775-3780.
4. The four-hour chart has begun to open slightly again. Today's Asian session range is 3700-3632. In the afternoon, the price broke through 3700 and headed for the 3720 area.
Starting from confirming support on the lower band, the market has continued to rise, with rising lows and gradually moving higher highs.
There are two key points: first, holding the low, with rising lows, and second, high volume is key, so the upward sloping opening of the chart indicates the direction.
In summary, for gold today, the first step is a strong breakout, relying on the 3685-3680 area as support, to directly break through 3700 and reach a new high.
As of press time, the price has met expectations, breaking through a new high. Long positions in the 3630 area have successfully surged to 3720, making all profits.
Strategy：
Long Position3700，SL:3680，Target:3740-3760
News：
On Monday (September 22nd), spot gold prices briefly consolidated in early Asian trading before surging $20 at noon, reaching a high of $3,719.72, a new all-time high. Gold prices continued their upward momentum from last Friday's 1.12% gain and are currently trading around $3,720.
Global financial markets are poised for a wave of policy speeches following the end of the Federal Reserve's quiet period. FOMC voting members' frequent statements are a key market focus, and gold prices are expected to strengthen their upward momentum as Fed members explain their reasons for the rate cut vote.
Monday: Speech by St. Louis Fed President Mousallem (a hawkish figure) and New York Fed President Williams (the third-ranking official on the FOMC).
Tuesday: Speech by Cleveland Fed President Hammack, Richmond Fed President Barkin, and Atlanta Fed President Bostic.
Thursday: Follow-up speeches by Federal Reserve officials in the evening, including speeches by San Francisco Fed President Mary Daly, Chicago Fed President Goolsbee, and New York Fed President Williams.
Friday: San Francisco Fed President Mary Daly and Federal Reserve Board Governor Bowman will deliver speeches in succession, and may comment on the PCE data released that day.
Technical aspects：
Gold prices have reached a new all-time high, with a top-bottom reversal at 3700.
Hello, gold has reached a new all-time high near 3720, breaking through the 3700 mark for the third time. Note the top-bottom reversal line at 3700.
You'll notice that gold's current upward trajectory starts with a rise, and its focus remains on this uptrend. The process is full of twists and turns, prompting both doubts about market ups and downs, and a reassurance about market ups and downs.
Today, Monday, the market opened with a continued strong rise, breaking through the new high and accelerating towards 3720.
Continuing this strong upward trend will depend on holding below the resistance level. The early morning low of 3684 and the support level of 3685, identified during the Asian session's pullback, serve as defensive zones. Hold these levels and move upwards. Focus on the 3725-3727 range, followed by the 3740 range.
Specifically:
1. A breakout from a new high in the morning session. Holding the low is key, while breaking the high is crucial. Breaking the low and high suggests acceleration; breaking the low easily leads to a return to a range-bound trend.
2. Five consecutive weekly gains. After breaking through four months of sideways trading, the pattern opens upward, indicating bullish dominance.
3. The daily chart had previously been surging upward around the 10-day moving average, breaking higher. This time, the correction was quite sharp, falling directly below both the 10-day and 5-day moving averages. After repeated adjustments, it re-broke and stabilized above the moving averages last Friday, thus relying on these moving averages to break new highs.
Therefore, the correction can be considered complete, confirming support and continuing the upward push.
The moving average is now located in the 3675-3660 area. Keep this in mind. If it continues to break higher, the next resistance level will be 3775-3780.
4. The four-hour chart has begun to open slightly again. Today's Asian session range is 3700-3632. In the afternoon, the price broke through 3700 and headed for the 3720 area.
Starting from confirming support on the lower band, the market has continued to rise, with rising lows and gradually moving higher highs.
There are two key points: first, holding the low, with rising lows, and second, high volume is key, so the upward sloping opening of the chart indicates the direction.
In summary, for gold today, the first step is a strong breakout, relying on the 3685-3680 area as support, to directly break through 3700 and reach a new high.
As of press time, the price has met expectations, breaking through a new high. Long positions in the 3630 area have successfully surged to 3720, making all profits.
Strategy：
Long Position3700，SL:3680，Target:3740-3760
Trade attivo
Increasing geopolitical turmoil supports gold prices
I'm Theodore, welcome to join my channel, where you can get the latest trading signals and strategy layout.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
I'm Theodore, welcome to join my channel, where you can get the latest trading signals and strategy layout.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.