Steffen_Schade

Steffen_Schade Updated 

Gold has currently hit a low of around 3347, and rebounded after slightly breaking through 3350. It has now rebounded to around 3370. Will gold continue to rebound and hit 3400 again? I think it is unlikely that gold will continue to rebound and hit 3400 in the short term. From a fundamental perspective, many of the news leaked out about the situation in the...

Steffen_Schade Updated 

In nearly an hour, the Fed will announce the Fed's interest rate decision and a summary of economic expectations; In nearly an hour and a half, Powell will hold a monetary policy press conference. If the Fed's policy statement or the latest forecast shows a dovish tendency, it may resume the downward trend of the US dollar, thereby supporting the upward trend of...

Steffen_Schade Updated 

BTC has encountered resistance and fallen back several times near 110,000, forming an absolute suppression in the short term. It is difficult for BTC to overcome this resistance area in the short term. As BTC has been unable to break through for a long time, some profit-taking and panic selling will cause BTC to gradually collapse. At present, BTC has fallen back...

Steffen_Schade Updated 

Gold is currently fluctuating in a narrow range of 3380-3385, and the trend is relatively slow. We also need more patience. In comparison, I think the current short-selling force has a slight upper hand, because gold has shown signs of accelerating decline after a difficult rebound many times, and has fallen below 3380 many times. According to the current gold...

Steffen_Schade Updated 

Because gold fell back to the expected support area of ​​3375-3365 first, I just took the opportunity to go long on gold near 3372 and set TP: 3390. Obviously, our long position ended the transaction by hitting TP, and we made a profit of 180pips. At present, gold continues to rebound to around 3396, and is facing the short-term resistance area of ​​3395-3405,...

Steffen_Schade Updated 

At present, gold as a whole is still fluctuating in the 3395-3365 area. In the short term, both long and short sides are not willing to break through. They may be waiting for the guidance of the Fed's interest rate decision and Powell's monetary policy press conference. However, from the current oscillation structure, because the high point of gold rebound and the...

Steffen_Schade Updated 

According to the current structure, gold is obviously in a weak position. Gold has failed to break through the high point of the previous wave after multiple rebounds during the day. 3400 has become a new round of pressure area; and gold has just accelerated its decline and fell below 3370. For the current trend, falling below 3370 will weaken the bullish...

Steffen_Schade Updated 

Gold has broken through 3380 twice, but recovered quickly, indicating that the bulls still have some defensive power. At present, gold has touched 3400 again; it can be seen that the bulls' potential defense is still good, but it is not enough to support the continued rebound of gold in the short term. Obviously, gold is still under pressure in the 3410-3420 area...

Steffen_Schade Updated 

Gold is currently testing the support near 3380 again. According to the current trend of gold, gold is likely to break through 3380, and gold has stopped near 3400 many times during the rebound process, and the rebound strength of gold is lacking. If gold really wants to rebound, then after testing near 3380 many times and getting support at 3390, it should have...

Steffen_Schade Updated 

Because of the news that Iran hopes to ease the hostile relationship with Israel, gold fell sharply in the short term, then rebounded after touching 3383, and quickly recovered above 3390. From this point of view, the buying support below is strong, and the market sentiment is still high, which limits the downside of gold, and the support of 3390-3380 area is...

Steffen_Schade Updated 

Although compared with the performance of gold during the day, gold only touched 3452 and then began to retreat, and even failed to approach the previous high of 3500, gold is not strong; but based on the current fundamentals and technical structure, gold is currently in a very strong bullish structure; so I think the gold retracement is not a sign of gold...

Steffen_Schade Updated 

Gold has risen sharply due to the violent geopolitical conflicts and the surge in risk aversion. It once reached around 3445, but in the process of falling back, it only touched 3408 and rebounded again, stabilizing above 3400. It is obvious that due to the changes in fundamentals, the sentiment of gold bulls is high; although the upward momentum of gold near 3440...

Steffen_Schade Updated 

Gold has not broken through 3400 after accelerating its rise, and the upper suppression effect still exists; currently gold is fluctuating in a narrow range below 3390, showing signs of stagflation to a certain extent. Therefore, the accelerated rise of gold is not for the short-term impact of 3400, but for a deep retracement, eliminating more scattered funds in...

Steffen_Schade Updated 

Today, we accurately seized the trading opportunity of long gold at 3350 according to the trading plan, and hit TP: 3380 in the process of rebounding. We firmly grasped the profit of 300pips in the short-term long trading. At present, gold maintains the trend of continued rise! Now I definitely do not advocate chasing gold in short-term trading. On the contrary, I...

Steffen_Schade Updated 

After the Asian session began, gold began to rise rapidly, and the original plan to short gold near 3355 had to be cancelled. After gold touched 3374, it fell back slightly, but after retreating to 3357, it rebounded again and broke through the short-term suppression near 3370 again. At present, gold still has the potential to rise further. According to the...

Steffen_Schade Updated 

Today we made a total profit of 350 pips in 2 short trades. First, we shorted gold near 3345, and when gold fell to around 3330, we manually closed the order to lock in profits; the second time, gold rebounded sharply with the help of CPI data, and we seized the opportunity to short gold again near 3360, and ended the transaction by hitting TP: 3340. We accurately...

Steffen_Schade Updated 

Gold rebounded from around 3315 and has now reached above 3340. According to the current structure, gold tends to rebound upward. But the characteristics of the recent market trends are also very obvious. Gold has risen with difficulty, but has retreated very quickly! Overall, there was no continuation in the process of long and short games, which was disorderly...

Steffen_Schade Updated 

To be honest, it was beyond my expectation that gold could continue to rebound above 3340. According to my original expectation, the upper limit of gold's rebound in the short term was around 3336-3338. However, gold has already touched around 3342 during the rebound, but because gold failed to close above 3345, I still advocate shorting gold in batches in the...