Wang Yuanzhe: Gold has clearly declined, but the consolidation situation remains unchanged

[font=Regular script, Regular script_GB2312, SimKai]Good afternoon friends, I am Yuan Zhe. Grasp more comprehensive information and make our investments more rational. Spot gold Thursday(10month22day)A significant decline. At the beginning of the Asian market, the price of gold is convenient1925 The first line came under pressure and fell back. Although they attempted to rebound later, the extent was limited. After entering the US market, bears made a comeback and fell to1895 First line, final closing1905Nearby. today(Friday)Spot gold market opening in Asia1903.99,The lowest gold price in the morning trading is1901.25,The highest gold price is1912.08,Before the deadline, the gold price is1910Oscillatory operation nearby.[/font][align=center][img]http://mpimg.cnfol.com/ueditor/202010/23/1603441552786616.jpg[/img][/align]
[font=Regular script, Regular script_GB2312, SimKai]Yuan Zhe believes today that the market is facing its final debate before the US presidential election, There are less than two weeks left until the US presidential election, and there are still many uncertainties at present. As for who can be elected as the new president, it's probably not until the last one-At this moment, I dare not draw conclusions easily. However, in the current environment, whoever comes to power will accelerate the pace of introducing fiscal stimulus bills. However, if the Democratic Party wins a big victory, it will increase the scale of stimulus and have a greater boosting effect on gold.If you go on stage, you will face more uncertainty in the future, and the trend of the market may become more complex. In the short term, gold is still in a consolidation trend, and continuous stabilization and rebound have greatly eased the downward trend. However, if bulls want to launch a counterattack, they still need the cooperation of the news side. For the time being, we will continue to maintain the interval consolidation strategy, and pay close attention to major news when it comes.[/font]


[font=Regular script, Regular script_GB2312, SimKai]　　[b]Analysis of spot gold market:[/b][/font]


[font=Regular script, Regular script_GB2312, SimKai]In the daily chart, the continuous stabilization and rebound of gold has broken the bearish advantage, but the bulls currently lack strong upward awareness. From a trend perspective, there is currently no expectation of a too positive trend reversal, only a strong breakthrough1935On the front line, we can increase the expectations of bulls. Currently, based on daily indicators,MACDIndicator maintained at0Near the axis,The kinetic energy column is extremely reduced.RSIThe indicators are still hovering around the median line50Nearby location.4Looking at hour chart indicators,Gold price Bollinger Bands begin to level off,At present, the gold price is running between the lower and middle Bollinger Bands. Short term moving averageEMA5AndMA10The double line formed a bearish trend and then leveled off. Look at the indicators,MACDThe positive energy column of the indicator has shrunk to0Near the axis, RSIIndicator in46Wandering near the location. Short term intraday operations,Due to the gold price briefly falling below yesterday1900Gateway,Gold price1900There are still opportunities for long and short positions to compete at the checkpoint. Let's take a look at the short-term resistance within the day1913nearby,Short term support looks1892upper.[/font]


[font=Regular script, Regular script_GB2312, SimKai]In addition, the second round of adjustment has been going on for about a month, and with important events such as the upcoming US election, it is necessary to be particularly vigilant about unexpected market trends in the near future.[/font][align=center][img]http://mpimg.cnfol.com/ueditor/202010/23/1603441594416768.png[/img][/align]
[b][font=Regular script, Regular script_GB2312, SimKai]Domestic gold and silverTDanalysis:[/font][/b]


[font=Regular script, Regular script_GB2312, SimKai]GoldT+D1In the hourly chart, goldTDTemporarily falling below the flat downward line of the upward channel, andMACDThe middle green column is obvious, and the fast and slow lines are crossing the zero axis below. These are all unfavorable signals. Fortunately, the current price is not far from the bottom track, and in the short term, we should focus on the bulls to recover402.4This location nearby. But it is necessary to manage the corresponding risks of further breaking through and falling.[/font]


[font=Regular script, Regular script_GB2312, SimKai]Temporarily falling below the bottom line, short-term weakness. First support:400  Second support:396  The first resistance:408  Second resistance:410  Steady individuals maintain a wait-and-see attitude, while radical individuals tend to focus on reaching high altitudes.[/font]


[font=Regular script, Regular script_GB2312, SimKai]SilverT+D1In the hourly chart, based on recent market trends, the pattern of disconnected upward movement has been broken. Although there is currently support, it remains to be seen whether it can stabilize and rebound. We need to be alert to further downside risks and temporarily maintain a bearish mindset.MACDThere are signs of bearish momentum, but the sustained strength is not strong, making it difficult for both long and short positions to gain a decisive advantage.[/font]


[font=Regular script, Regular script_GB2312, SimKai]Temporarily encountering support, pay attention to the stabilization situation. First support:5070  Second support:5000  The first resistance:5270  Second resistance:5340  Steady individuals maintain a wait-and-see attitude, while radical individuals tend to focus on reaching high altitudes.[/font]


[font=Regular script, Regular script_GB2312, SimKai]　　[b]Yuan Zhe has something to say[/b]We need to maintain a calm mindset when trading, so as not to worry about its fluctuations and feel afraid. We need to have our own expected position, so that no matter how you fluctuate, it has nothing to do with me. If trading affects every nerve and every day of your life, then please leave this market in a timely manner. Trading is like life, bringing us sweet, sour, bitter, and spicy experiences, but you can only taste the bitterness in it. So what's the point? The article is for reference only. Friends who have been reading continuously for a long time will gain substantial improvements in fundamentals and technical aspects, as well as enhancements in economic theory. That's all for tonight's sharing. Thank you for your attention.[/font]
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[font=Regular script, Regular script_GB2312, SimKai]   I don't do profit maximization venture capital, I only invest in stability and sustained profitability—— Wang Yuanzhe (Your Name:kz1338/Bow weight number:KDJ1335）[/font]