Wei Liangchen: The second quarter of the United States will be announced soon in the eveningGDPData, gold investors need to closely monitor

[b][size=5]7.30US Q2 to be announced in the eveningGDPData, gold investors need to closely monitor[/size][/b]


Thursday(7month30day)During the day, the international gold price fell, mainly due to the rebound of the US dollar index and the rise of US stocks. However, due to the risk of a second outbreak of the global pandemic, there is still a lot of upward space for gold. The evening market will usher in the second quarter of the United StatesGDPData, current market expectations, actual Q2GDPThe initial value of annualized seasonal rate may be recorded-34.10%, creating1940The worst record since the beginning of the year, investors need to closely monitor.
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Thursday(7month30day)Spot gold opening report1969.93dollar/Ounces, as of publication, spot gold temporarily recorded1954.19dollar/Ounces, decline0.81%。


Within the day, spot gold rose and fell, but hovered near historical highs. Under the influence of the epidemic and concerns about its economic damage, the price of gold rose sharply supported by negative real returns and a weak US dollar. At present, there is still a lot of upward space for gold prices, as a large number of stimulus measures have been injected into the economy to cope with the global epidemic, creating a series of favorable conditions for gold prices. There are real concerns about how long the status of the US dollar as a reserve currency can continue, and as investors seek safe havens, gold is moving towards its largest annual increase in a decade, which may reach within two years2500USD.


[b]US Q2 to be announced in the eveningGDPData investors need to closely monitor[/b]


Thursday Beijing time20:30The US Department of Commerce will release2020Q2 of the yearGDPAccording to the report, investors will understand how much trouble the US economy has actually encountered in the second quarter of this year. Current market expectation for Q2 actualGDPThe initial value of annualized seasonal rate may be recorded-34.10%, creating1940The worst record since the beginning of the year, with a previous value of-5.00%。


Analysis of Gold Technology


Gold continues to decline after reaching a historic high and is currently hovering around1960Left and right. Despite a significant pullback in gold yesterday, it ultimately closed with a bullish candlestick, marking a continuous decline in gold8The sky rises higher. It is still a strong upward trend. From a temporal perspective, there is indeed an unstable demand.MACDThe red kinetic energy column has begun to stabilize, andKDJThe random indicators continue to trade within the overbought level, indicating that gold may consolidate at high levels. Corrected yesterday80After multiple dollars, gold once again presentedVInverted and recovered most of its losses.From a trend perspective, Wei Liangchen's adjustment yesterday was only a correction in the upward process, and the upward trend of gold has not changed. However, it needs to be shaken to continue breaking through new highs. The interest rate decision of the Federal Reserve today is very important. If the market data still fails to break through yesterday's high, then gold is likely to1930-80Maintain a fluctuating trend in the annual region.

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In four hours, the price of gold has sharply fallen from its high point, attempting to establish a foothold and is currently consolidating.MACDThe green kinetic energy column has first appeared,KDJThe random indicator has fallen from the overbought level and is currently basically unchanged, indicating that the gold price has shown bearish momentum or further pressure. The lower support area is1930-20. Despite hitting a low yesterday1900On the front line of the checkpoint, but the possibility of gold price breaking through again is extremely low, and it is more likely to maintain1922The support of the historical high point is a confirmation of the previous breakthrough. Overall, in terms of gold's trading strategy today, I personally suggest finding a high point to short in the evening, with a focus on short-term trading above1975-1980Frontline resistance, short-term focus below1945-1940Frontline support. Pay specific attention to Wei Liangchen to stay up-to-date with market information, grasp the overall trend, and help you make steady profits.


1960-1958Empty order entry, target1940-1945First line, stabilizing1945If there are multiple orders nearby, you can enter!


Those who follow Wei Liangchen know that I have always been very steady in my operations. Many friends have seen my articles related to it, and when they see the orders they have intercepted, I am startled. There is a huge gap between long and short positions, and the losses are quite serious. I stubbornly resist without setting stop losses, just going against the trend. It is really scary to encounter such mediocre teachers. In terms of operation, I have no rules and only rely on hard reasoning without turning back. Isn't this a joke about using the client's funds? Are you afraid if you keep up with such a teacher? Anyway, I was stunned, but I know there are still many friends who are experiencing or starting such situations. When encountering such situations, one must decisively say no in order to turn losses into profits. It's not too late to make up for the lost sheep!
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Finally, if you want to continue to thrive in this market for a long time, you must have a complete trading system, including position techniques, risk control, and technical systems. Only in this way, whether it is a volatile market or a unilateral market, can you make steady profits, truly understand the trend, and achieve the same level of confidence in opening, positioning, risk control, and profit in closing positions! Investing never seeks overnight wealth, only steady and long-term profits, laughing until the end! Only with a calm mind like water can one have a lasting energy. Investing is only for making money, everything else is meaningless, making money is the way!
[img]https://www.myleguan.com/lf//dict_upload_file_module_3/20200730/jpg/50111372049256834r38855.jpg[/img]


Investing, learning comes first, making money comes second, and such investments are valuable. You must have your own judgment and accumulate long-term knowledge in order to go further on the investment path. Wei Liangchen's investment is a complete system that includes investment philosophy, investment mentality, fund management, risk control, and investment strategy


The above article is original by Wei Liangchen. Investment carries risks and caution is necessary when entering the industry.


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