Wang Jinmo:5.9Financial news5month9Suggestions and Strategies for Japanese Foreign Exchange Gold Operations

Wang Jinmo:5.9Financial news5month9Suggestions and Strategies for Japanese Foreign Exchange Gold Operations
　　
　　5month8Day, spot gold price touched4month26Recent highs1288.07dollar/Ounce, due to reignited concerns over the US China trade dispute and its potential impact on global growth, has dampened risk-taking sentiment and prompted investors to buy safe haven assets. But safe haven funds seem to be more inclined to choose government bonds and the Japanese yen, and the upward momentum of gold prices is still relatively limited. The speed of the Federal Reserve's policy shift has also fallen short of market expectations, making gold more susceptible to the suppression brought about by macroeconomic data improvements. Most central banks around the world are facing pressure to lower interest rates and lower the opportunity cost of holding gold; The market still has concerns about the trade situation, with global stock markets falling and risk aversion soaring. The People's Bank of China has increased its holdings of gold for the fifth consecutive month, providing support for gold prices; Gold price persistence1280At the critical point, the technical side also leans towards bulls in the short term.
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　　5month9Today, investors need to focus on China4monthPPI、CPIand4Monthly social financing scale, United States4monthPPIAnnual rate, United States3Monthly trade account, Canada3Monthly trade account. In addition, Federal Reserve Chairman Powell and Chicago Fed Chairman Evans will deliver speeches.
　　
International spot gold market analysis and operational strategies:
　　
Due to trade concerns, US equity has continued to decline this week, giving gold an opportunity to counterattack. At the same time, global central banks are still increasing their holdings of gold, which has also provided some support for the price of gold. However, the current bullish expectations for gold in the market are still low. Analysts believe that as signs of a decline in US stocks become more apparent, and gold gradually enters the peak demand season, gold may end its current consolidation trend. As of this trading day, gold bulls are accelerating their upward momentum and breaking through1285The resistance level of the US dollar is currently high1292Near.
　　
From a technical perspective, after a strong rise in gold prices yesterday, it hit the resistance of the daily upward and downward trend lines and the upward pressure of the Bollinger Bands before falling significantly. Gold has now fallen back to1280Near the checkpoint; At present, the gold price is showing a positive trend on the third tier, and there are signs of further upward trend in the future. Short term targets can be seen1285Nearby, if you break through, you can look towards it1290On the front line, the support level below is at the strong support point in the early stage1277On the first line, from the perspective of the range trend, the gold market will continue to launch a new round of upward momentum. If the upward trend encounters resistance and falls back, the market will continue to return to a triangular consolidation. From a four hour perspective, influenced by the rebound of the US dollar per share, gold4The three consecutive hours of bearish highs falling seems to have broken the strong bullish trend, but in fact, it is a correction for the bottom rise. Therefore, we still need to look at the current situation1278An important support, followed by1266Strong support, if unable to effectively break through1278So this upward trend is not over yet, and the current correction should be viewed as a correction. If unexpected support is broken1266It is the beginning of a new downward trend, so we still need to pay attention to the stopping points for the downward trend and rebound in the next two days. After four hours, the overall trend is more volatile, but in the short term, gold will still rise. Due to the pressure exerted on the gold price range by the early ups and downs, Jincheng needs to remind everyone not to blindly pursue orders and seize the range in operation4-5One profit can wait for the gold price to stabilize before entering the market again. In the short term operation in the future, Jincheng suggests a pullback and a long strategy, with a focus on the above1285-1287Near resistance level, short-term focus below1278-1276Nearby support position.
　　
Based on comprehensive analysis, due to the reversal of fundamentals and technology, the gold price is currently on the short-term outlook1286Nearby resistance, supported below1276Nearby, there is a short-term inter community range fluctuation,1286Not breaking up. So the volatile market still needs to continue, so in terms of rhythm1286It will be the key to the continuation of short-term long positions. If it cannot be successfully broken, future operations still need to rely on it1286-1276Sell high and buy low.
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Spot gold operation strategy:
　　
Golden Strategy1: Below1278-1276Nearby stabilizing, defensive1273, Objective1283-1285；
　　
Golden Strategy2: Bounce1287Don't break through the air once, defend1290, look at the goal1281Nearby;
　　
Reminder: The intraday market is constantly changing, and the short-term entry strategy provided by Jin Cheng Wen is recommended. When making orders, it is recommended to seize short-term profits to avoid a situation where the gains outweigh the losses!
　　
Recently, many investment friends have approached Jincheng and asked the same question (why do I always fail to grasp the market trend when placing orders, and why am I still losing money despite following the market trend). Investing with doubts is a good thing, and it is valuable to know how to seek advice from a teacher when problems arise. Below, Jincheng will briefly explain how to do a good job in gold investment, I hope it can help you who have doubts:
　　
How to Properly Invest in Gold
　　
　　1Not suitable for frequent trading, not in the upper and lower levels2-3Trading within a range of price fluctuations is risky unless you are already a short-term expert. Generally speaking, it is best to go long on one support level or short on one resistance level, with a minimum range of5More than points. If there is a loss, remember not to rush to open a new reverse position in order to turn things around. This often only makes the situation worse. You should calm down, analyze carefully, and never take risks!
　　
　　2The investment of margin cannot rely solely on luck. When making frequent profits, do not be careless. Make sure to develop a good investment plan for each operation, and do a good job of technical analysis to grasp the entry and exit points. If your account total is increasing, don't be complacent. This may be just luck or a risky investment that wins with the maximum investment volume. At this time, you should operate with caution and adjust your operating strategy in a timely manner.
　　
　　3Do not go against the trend. In an upward trend, you can only go long, and in a downward trend, you can only go short. Even as long as there is no major reversal in the market, remember not to go against the trend! Don't feel regretful for a few point pullback at once, just ambush on the support level of the pullback. The market will not be transferred by human will, it will only extend according to the laws of the market.
　　
　　4Don't make excuses to overturn the fatal mistake of investing, which is indecisiveness and greed. Market changes are ruthless and will not turn around due to anyone's obsession with waiting. When the loss exceeds50%Or more often, the ultimate investors will be forced to close their positions, or even3By doubling to the point of being in a short position, investors not only lose money but also their courage, and they will also lose confidence in trading as a result.
　　
The opportunities given by the market to everyone are fair. Perhaps you choose to stay in front of opportunities, while some choose to seize them, causing seemingly unfair situations. After a trend is established, you need to understand how to follow. Only those who can follow will have wisdom. Trading will always have smooth or unfavorable times, and there is no need to be complacent when it is smooth, because this is very likely the beginning of adversity. When it is not smooth, there is no need to be disheartened, Trading can bring profits and losses, but if you can't make it, you can't change the current situation. You need to know how to use dialectics to keep moving forward. Only a positive and positive mentality can support you to go further.
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There are no unsuccessful investments, only unsuccessful operations. There are no irreparable losses, only teachers who can't make money with you.
　　
Author of this article: Wang Jinmo
　　
　　Q-Q：1438312612, WeChat:wjm90606
　　
Author's Message: Success does not rely on luck, choice is greater than effort!
　　
Writing time:2019.5.9