Gold falls below the top neckline, the decline has just begun
Gold has been continuously falling, with a top signal indicating a drop below the important top neck level of 2888, opening up downward space. Calculated based on the amplitude of the top oscillation, gold will fall another $70. Are all fans ready? Since everyone knows it's a bearish trend, what point is better to short?…
- 2025-02-28
On February 28th, spot gold closed in a bearish trend, with a high of 2893 in the Asian market
Yesterday, gold suppressed its downward trend around 2920 in the morning session, and overall emerged from a weak pattern during the day. Although there was a rebound in the middle, the closing was still a big bearish trend, continuing Wednesday's decline and forming a continuous bearish trend.…
- 2025-02-28
The US dollar has rebounded sharply, and gold prices have fallen to a new low in over two weeks
At the beginning of the Asian market on Friday (February 28th), spot gold was hovering at a low level, currently trading around $2875.33 per ounce. Gold prices fell 1.3% on Thursday, hitting a two-week low of $2867.86 per ounce during trading and closing at $2876.95 per ounce. …
- 2025-02-28
2.28 Short term trading strategy for major foreign exchange currencies
Technically speaking, the US dollar index encountered resistance below 107.30 on Thursday and was supported above 106.40, indicating that the US dollar may maintain its upward trend after a short-term decline. …
- 2025-02-28
