Gold is steadily rising

14 feb

From the perspective of gold price trends, the current market shows a steady upward trend, forming several typical "ascending triangle" patterns. In technical analysis, triangles usually indicate that the market is in a consolidation phase, but it also means that prices may continue to rise, especially after breaking through the upper sideline.

The rise in gold prices shows strong bullish market sentiment. First, the price started from $2,812.56 and reached $2,838, and there was a pullback. This pullback did not break the upward trend of the market, but formed a new support level, indicating that buyers entered the market on the decline and the support level was strong. Subsequently, the price of gold broke through the resistance zone of $2,838 again and quickly rose to $2,879, approaching a new round of highs. The price pattern shows that the price of gold has formed strong support lines at multiple key levels, and the rebound after each pullback is relatively significant.

Recently, the price of gold is approaching the important psychological level of $2,940, and may face certain resistance. We need to pay attention to the price performance of the market at this time to observe whether it can break through this level and continue to rise. If the price falls back, the support level can refer to the previous $2,879 and $2,838 areas.

In general, judging from the chart, the gold price is still in an upward trend and is likely to break through the resistance level. For investors, they should pay close attention to market fluctuations, seize the buying opportunities when the low level falls back, and pay attention to the breakthrough signals to capture potential upward opportunities.

14 feb

Trade attivo

Gold continued to hit highs and closed positive on the daily line, recovering the previous retracement losses. The weakening of the US dollar further boosted the price of gold to climb and strengthen. At present, the short-term 2905 platform was defended and the high point was broken and oscillated upward. The daily line returned to the 5-day line. After the previous retracement, it stabilized and rebounded and returned to the moving average.

From the 4-hour chart, the morning continued to break through the intraday high of $2922, while the evening data was bearish, with a small decline and did not break the morning low of 2900. Today, we focus on two positions to support the long layout, one is the conversion position of the high of $2922 in the Asia-Europe session yesterday, and the other is the rise in the morning. The starting point of the high-break support inflection point is 2915. As long as there is an adjustment, we will continue to give the opportunity to go long at the bottom;

Today I plan to go long at 2910-2915 with a stop loss of 2905. Target 2930-35; go short at 2940-45 with a stop loss of 2950. Target 2930-2925;