Chen Minggen:11.13黄金越砸盘越强势反弹，千三是个神话吗？

Summary:11.13goldEarly evaluation strategy, how to solve the problem of multiple orders?11.13Gold trend analysis, market forecasting, and operational strategies! Analysis of the technical aspects of the gold futures market news;



key point​International news surface

The market seems to have no peaceful day. After the dust settled on the selection of the Federal Reserve Chairman, last week's US tax reform turmoil and the Saudi Arabian political crisis came out to stir up trouble, causing global market trends to fluctuate. The US dollar and US stocks suffered a Waterloo, and the gold market saw a huge sell-off... This week, not only were heavyweight economic data from multiple European and American countries released intensively, but an extremely eye-catching global central bank feast also appeared to bomb the market. Investors are likely to have several sleepless nights again! ​
This Tuesday, the European Central Bank will hold a meeting that may determine the fate of global central banks next year - the Central Bank Communication Meeting. The discussion topic of this meeting is "Challenges and Opportunities for Central Bank Communication".Federal Reserve Chairman Yellen, Bank of England Governor Carney, European Central Bank President Draghi, Bank of Japan Governor Tohiko Kuroda and other central bank leaders will form a super strong "star lineup" discussion group. This year, several senior Federal Reserve officials, including vote committee member Evans, will also appear to give speeches.Every word and action of these influential figures will affect the global market. ​

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​​Chen Minggen's Personal Opinion

​ 11Monthly gold trend: mainly bullish with a pullback, supplemented by short positions at high levels, with bullish positions dominating. Although there were frequent institutional crashes and sharp declines last week, and there were multiple tests conducted on the top last week1288The resistance level in the vicinity was unsuccessful. It was supposed to close with a bullish closing line on Friday, but institutions hit the market again1275Don't assume that the gold has arrived, everyone1275Nearby, I thought the bulls were powerless. Chen Minggeng told everyone, "It's all a facade!"! I still believe that bulls have the upper hand! Why? Friends who follow trends can take a lookKThe line, despite hitting gold multiple times last week, continued to rise, while the bulls remained unmoved. Because everyone should know that every market crash last week saw a rebound. Chen Minggen believes that this week will definitely rebound, and the bulls will once again exert their strength to break. Here, if you hold multiple positions in your position, there is no need to worry too much. The method of unlocking the position is simple, and specific operations can be followed by Chen Minggen. At the end of each article, there will be a link, method, and formula from Chen Minggen
After Chen Minggen provides the strategy, he also reminds all investment friends to strictly follow discipline in their operations, and always prioritize risk control. Remember not to engage in heavy positions. In fact, whether it is a unilateral market or a volatile market, operating in the short term only requires finding key support and pressure levels, and then combining with one's own experience to judge, and dealing with them is effortless. Short term operations are a reflection of technology and mindset. A good mindset determines profit margins, while technology determines whether one can quickly grasp the market trend. Finally, it is essential to have a good analyst teacher. When entering the market, having a teacher to teach and not having a teacher to teach are completely different from heaven and earth. I don't want what I can teach, but you have to let the market teach, and that would be a very painful lesson!  

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​Technical analysis of spot gold:

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The hourly chart of spot gold shows that the European market remained stable in a horizontal trend last Friday, and the hourly pattern is also continuous1285The front line was blocked and retreated, with consecutive hours of bearish candlestick pullbacks. In the end, the European market did not continue its strong bullish upward trend, but instead repeatedly consolidated its bearish candlestick horizontally, ultimately leading to a bearish candlestick0At ten points, a large Yin pillar directly breaks down and heads south. In an instant, it breaks through a new low and arrives directly1273Nearby, it's a bit overwhelming. Let the continued strong bulls be suppressed again in the range oscillation, and the Bollinger Bands will once again open their mouths downward in form,MA5andMA10The moving average is also a weak performance with a dead cross and droop,MACDThe attached image also shows an underpass0The weak form of the axis, therefore the intraday morning form of the hourly line is still a retracement performance that focuses on whether it continues.
Spot gold daily chart, the first step of spot gold bullish failed to break through1288In the end, it will still include the physical small yin pillarKLine, then the form of gold has once again fallen back in the dense area of the moving average, which is offset by last week's bullish continuation. Once blocked, the technical closing line is also atMA5andMA10Below the moving average, the intraday trend is also a sign of weakness. However, the performance of the European market also needs to be closely monitored. If it is not an upward trend or a downward break from the intraday high and low points, one will be wary of the market trend that occurred last Friday. Therefore, at the beginning of this week, Teacher Chen Minggeng believed that gold should still be influenced by a large range of bands, and the early thinking should be bearish, and further arrangements should be made based on its strength in the European and American markets. For investors who do not know how to enter the market or have a set of orders, they can.Du Sou.Ask Chen Minggen for his contact information in order to obtain a timely solution.

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Suggestions for spot gold operations:

1Above1280Empty order entry, stop loss3Points, target1275、1270；
2First touch below1273-1272Long, stop loss4Points, target1277-1279；

The investment itself is a cultivation of oneself. Continuous cultivation is the key to being promoted to the ranks of successful individuals. To go further, the key is to walk with whom. How far a person can go depends on who they have with them;How excellent a person is depends on their guidance;You see more paper talk, I treat more frightened birds.Chen Minggen dare not make a promise to take you 100% to make money, but I believe I can. Your order is always with me, and you can give me your hands with peace of mind. I will never let you get lost. Analysis is always auxiliary, and strategy is the foundation of profitability. For technology, there is no right or wrong, and a critical watershed can easily become a turning point in the market or an extension of the boosting trend. However, in trading or closing operations, we must be decisive and persist in the right direction. When the direction is wrong, adjusting the strategy is progress, and turning around is profit. Although the road may be bumpy, following the guidance of the market always makes us shine brightly.

For more details, please follow Chen MinggenV-X：eia0088 Weibo: Chen Minggeng, this article is exclusively planned by Chen Minggeng. Investors are advised to be vigilant of similar article content and fields that may appear after this time period! Investment itself carries risks. We remind everyone to identify authoritative platforms, strong teachers, and prioritize fund safety
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