ErinTrading

ErinTrading

The trend of gold was significantly under pressure yesterday, with the price falling sharply from the 2650 line, breaking the key support level of 2620 during the session, reaching the lowest level of 2583, and then stopped falling and rebounded. The price is currently running below the 2620 line, showing a certain pressure. From a technical analysis, the...

ErinTrading

The hourly structure of gold has changed from a horizontal overall structure, and the horizontal movement has formed a downward channel. The overall shape is shifted downward. The price fell to 2650 and was at 2635. If it continues to move horizontally and continue to fall, it will test the 2620-2625 area below. Overall, gold is in a high-level decline structure....

ErinTrading

After the decline this week, the overall gold price is still in a downward trend, but the short-term downward trend has slowed down, and it is currently showing a weak consolidation pattern. The short-term rebound is blocked, and the price is relatively cautious, but due to the large number of fundamental news today, market sentiment may bring a large fluctuation...

ErinTrading Updated 

The price of gold fell back to 2643 after stopping its decline. Yesterday, it maintained a horizontal range. In the short-term trend, the hourly trend line suppression has also been broken. The upper 2665 line resistance is under pressure. If this position is broken, the price will test the upper 2675 line. The lower 2645 line is supported, and if this position...

ErinTrading Updated 

Last week, after the gold price fell back from the double top pattern, the overall trend returned to the previous adjustment range. With the horizontal adjustment of prices, the center of gravity of the rising trend line at the daily level has gradually moved up to around 2620. After the 4-hour gold price fell back from the high, it stopped falling and rebounded...

ErinTrading Updated 

The recent gold market trend has shown obvious weakness, and the overall bullish structure has been broken. From the price trend, gold formed a double top structure near 2720, encountered pressure reversal, and further fell to the adjustment range, indicating that bearish sentiment dominated the market. In the short term, market sentiment is bearish, and it is...

ErinTrading

On the whole, the price of Bitcoin is in a steady upward trend and is located in the middle and upper part of the rising channel. The two parallel black trend lines and green channel line clearly define the current price fluctuation range. The price of Bitcoin continues to run in the upward channel, and the downward track (black trend line) provides strong...

ErinTrading

Gold prices fell significantly today after hitting the top resistance area of ​​2720 recently. This trend shows that the bullish force is gradually weakening at high levels, and the bears are beginning to take the initiative. It further indicates that the market may continue to fall. In addition, the previous upward trend line remains intact, suggesting that the...

ErinTrading Updated 

Recently, gold has risen and fallen back, and there are signs of a certain correction after testing the 2675 support line below. However, the short-term rising stage seems to have come to an end, and an obvious double top structure has formed above the 2720 line. The current market focus is on whether gold can continue the previous upward trend. Key technical...

ErinTrading Updated 

Gold is currently in a clear uptrend, supported by the uptrend line (green slash). This trend line reflects the medium- and long-term bullish power of the market. At the same time, a horizontal adjustment range (blue rectangle) is marked in the figure, indicating that the price of gold has experienced a period of sideways consolidation in this range. The bottom...

ErinTrading

Recently, the gold market has been in a narrow range, but after yesterday's extreme convergence, it finally fell significantly. The price weakened at the 2650 line, and the market continued until the opening of the Asian session. It accelerated downward for the second time, and finally stopped falling and quickly rebounded after touching the 2612 line. This...

ErinTrading Updated 

Gold was in the stage of consolidation and repair last week. After the market surged to 2720, it stagnated and formed a secondary high on the daily line. Subsequently, the price fell back to 2605 and then paused to warm up, forming an upward channel in the short term and slowly rising. At present, in the Asian session, gold opened high and fell low, and the...

ErinTrading

Recently, Bitcoin failed to break through when it was close to the 100,000 mark, fell back and formed a typical triangle convergence trend. From the 4-hour chart, the price of Bitcoin formed two gradually lower highs near 99,000 and 98,000, showing a downward trend structure. More importantly, these highs are all within the high adjustment range, and there is a...

ErinTrading Updated 

Gold rebounded today after a downward test, and the short-term structure is still in an upward channel. The resistance of the 2665-2671 area is tested above the hourly line. If this area breaks up, it will echo the rising triangle at the daily level, and it is expected to hit 2685 and 2700 again in the future. The current trend is rising again after the low...

ErinTrading

After experiencing a sharp decline on Monday, the gold market immediately entered a rebound recovery stage. Due to the complexity of the global economy and geopolitics, the trend of gold is affected by a variety of fundamentals. Judging from the daily chart, gold's upper high has encountered pressure for the second time recently, showing the market's hesitance...

ErinTrading Updated 

Yesterday, after the decline, the price of gold stopped falling and pulled back at the 2605 line, forming a horizontal range. Entering today's Asian session, the price rose slowly, successfully breaking the previous downward trend line suppression, and ended the decline in the short term. From the daily chart, gold has shown two consecutive positive trends, but...

ErinTrading Updated 

The current gold price rebounded from a low level, but it is still in the adjustment range. Although it has risen in the short term, the market is under great pressure in the resistance area of ​​2630-2640. The formation of this area is due to the fact that the price has rebounded and pulled back many times here before, showing the market's sensitivity to this...

ErinTrading

Gold fell from its high yesterday. The price fell back to 2720 and fell to 2605. The trend also gave up the gains of the four days of the previous week. The daily trend still maintains a five-wave decline structure. The upper 2720 line resistance is under pressure. The lower 2540 line support. It is currently in the decline correction stage in the high range...