Du Shuqi:8.24Is gold under pressure once again bottoming out? Operational analysis of the attached market

Du Shuqi:8.24goldHas the pressure bottomed out again? Operational analysis of the attached market


Life is a voyage! During navigation, you will inevitably encounter strong winds from all aspects, but every gust of wind will accelerate your speed! As long as you stabilize the rudder, even a storm will not cause you to deviate from the course. We are like a ship in the market, giving ourselves a direction and not going with the wind, otherwise we will definitely get lost inside.

Du Shuqi - Message Face


After five consecutive days of decline, the US dollar finally rebounded, achieving its largest increase in two weeks. Several senior officials of the Federal Reserve are not afraid of Trump's criticism, emphasizing the independence of the Federal Reserve and showing signs of continuing to raise interest rates. The previous minutes of the Federal Reserve meeting also released signals of further gradual rate hikes, which is the main reason for boosting the US dollar. The gold market has also suffered another heavy setback due to the significant rebound of the US dollar. As gold prices plummet,ETFInvestors continue to sell gold. The world's largest goldETF——SPDRGoldTrustPosition decrease on Thursday1.47Tons, current position is767.23Tons, for2016year2month27The lowest level in recent days.


The Chairman of the Dallas Federal Reserve stated on Thursday that the Federal Reserve has independence. The Federal Reserve will make interest rate decisions without considering political pressure. Trump had previously criticized the Federal Reserve, stating that he was "unhappy" about continuing to raise interest rates. On the same day, the Chairman of the Kansas City Federal ReserveEstherGeorgeIt also emphasizes the independence of the Federal Reserve. She said that for this government, concerns about raising interest rates are not new. On Thursday of this week, Congress set up a firewall to ensure that the Federal Reserve focuses on making decisions that align with the long-term interests of economic growth, and its support2018Annual interest rate hike2Next year, we will raise interest rates several times. In addition, the market will closely monitor the speech of Federal Reserve Chairman Powell at the Jackson Hole Global Central Bank Annual Meeting.


Du Shuqi - Market Analysis


From the news perspective, most of the reason for the rebound of gold in the second round is based on the correction of the US dollar index's decline, with the US dollar touching97The checkpoint has not stabilized and the short-term decline adjustment has not been achieved. Currently, the overall pressure on the US dollar index remains, but94.66The vicinity will be strongly supported by an upward trend line. As long as this position is held, there is still a possibility of further upward movement, while conversely, there is a possibility of opening up further downward space. Especially when it comes to attention, time is getting closer to the Federal Reserve9The monthly interest rate hike node, as reiterated in the Federal Reserve minutes released overnight, suggests that the next rate hike may come soon;9The monthly interest rate hike is basically a foregone conclusion. Prior to the implementation of the Federal Reserve's interest rate hike, gold prices continued to be suppressed by expectations of rate hikes, while the US dollar continued to be boosted; Therefore, in the9Before the monthly interest rate hike, it is expected that there will not be much room for gold to rise; Therefore, from a fundamental perspective, gold lacks favorable factors for further upward movement.
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From a technical perspective, the gold daily chart has been corrected for setbacks and setbacks, with short-term pause and retracement to confirm support after rebounding to stop rising. Combining low points1160Ascend to1201At a high point, a wave of rebound also exceeded40The potential for the US dollar to rebound in the short term or through a second dip is also normal demand. However, a high opening window at the beginning of the week still needs to be filled. Today, the week closed with a downward trend, and the closing trend is still volatile. It's about the strength of the closing, closing at1190Above. Further rebound is expected next week. On the contrary, in the short term, it takes some time to stay at the bottom of the low market. Daily charts and weekly charts show short-term fluctuations1160Upper plate bottom stage.4On the hourly chart, there was a downward oscillation that could not be held. Yesterday, there was a bullish candlestick pulling back, but in the end, it still rebounded and broke through the low, extending the downward space. So, today we are off the high point1201There is still some distance, and the probability of breaking up is relatively small, tending to end in a volatile manner. Combining hourly charts with wave shaped structures, relying on1171The rebound structure has not changed yet. Today, we will explore the inertia and pay attention to the continuation strength, as long as we can hold on to it1178Above, we are still optimistic about a rebound and an upward trend next week. The current pullback is seen as a second retracement, and if the Asian market falls directly, the space is relatively limited. Chronic continuous negative regression in hourly chart. But the space is really too small, a slight rebound will change the current weakness. And the high point of the rebound in the US market last night1193Becoming a critical point of strength requires standing back in this position in order to reverse. The specific strategy road source will be updated in real-time during the actual market layout!


Du Shuqi - Operational Suggestions


Multi order strategy: callback1183Multiple orders entering, stop loss1180, Objective1190Nearby;


Short selling strategy: rebound1190Empty order entry, stop loss1193, Objective1183Near.


Du Shuqi - Message

Looking back at the passing years, youth is like a few thin sheets of paper, it can only be condensed into a few hurried shots of a film. Excitement and longing seem like yesterday; Youth and today seem to be separated by one night. Why did the train of time pass by the platform of youth so quickly, and we didn't have time to appreciate the scenery of the youth platform, so we came to the next platform in a daze.