Shan Chenjin:8.28Progress in North American Trade Agreement, Analysis of Gold Day Trends

[paragraph]
Shan Chenjin:8.28Progress has been made in the North American Trade Agreement,goldIntraday trend analysis


The past has become history, but the future is still unknown. We don't have to lament for yesterday or worry about tomorrow. We need to live in today, living in the gap between the past and the future, in order to do today's things well and have hope for tomorrow. I am Shan Chenjin! Seven years of ups and downs, never forget your original intention!

Entering is a guest, and those who come do not refuse; Investment insights, working together with you!


We know that one of the weaknesses of human nature is the lack of action, and this will be one of the most fatal weaknesses in doing something. The same goes for gold trading. We may have read through various strategies and techniques related to gold, or learned a lot about gold trading strategies. However, if we lack execution ability, all our efforts will be in vain. We have been learning the principle of 'practice leads to truth' since childhood, and execution is the first step in practice. Only with good execution can we summarize more personal experience and make better progress.


Interpreting international economic news and tracking market trends,Go straight to global hotspots,Analyze unexpected events!

Monday（8month27During the US market session, regardingNAFTATwo important news from the agreement negotiations: the United States and Mexico have officially reached a trade agreement to replaceNAFTAThe agreement will be signed on11Monthly signing; The United States and Canada will also engage in negotiations, with US President Trump stating that an agreement is expected to be reached soon. After the news came, the Canadian dollar and Mexican peso rose sharply in the short term, while the US dollar index fell below95At the checkpoint, spot gold and US stocks surged, with spot gold jumping nearly8The US dollar rises and breaks1210USD.


The rise of gold on Monday still benefited from the support of the falling US dollar, and the gold price in the Asian market fell briefly, but buying at the bottom pushed the gold price back up. The achievement of the US Mexico agreement on Monday has put pressure on the US dollar, while gold continues to rise. However, some analysts suggest that the bears in the gold and silver market have not given up and are building large positions, while the bulls in the gold and silver market are still not optimistic. Last Friday eveningCFTCThe deadline covered by the report8month21The data for the current week shows that fund managers continue to increase their investment in gold and silverfuturesThe net bearish position.


Restore the essence of the market and synchronize profits and losses! Review the market structure and strategize!


Yesterday's sustained volatility in the Asian and European markets ultimately led to a breakout and upward trend, continuing Friday's strong pattern. However, the strength and magnitude were not satisfactory, and the US dollar index once again fell behind95At the same time as the checkpoint, it has currently fallen below the support of the midfield cycle's upward trend line, and the next step will be towards94Regional advancement seeking support! Although the increase in gold is not significant, the short-term bulls have become very strong.


Gold Price, Technical Analysis of Gold:


4On an hourly basis, yesterday's morning drop also gave gold room to rise in the European and American markets. Currently, the Bollinger Bands continue to open upwards and move up the upper track1217On the front line, this has also brought upward space for gold, and the moving average is basically beginning to diverge upwards. See attached chart for indicatorsMACDThe fast and slow lines are also golden crosses and pass throughOAxis, but currently there is a slight pause in the energy column, so although long orders are the main focus, it is also important to be careful not to chase too high and try to enter the market after falling back as much as possible.


On the hourly chart, the upper band of the Bollinger Bands is currently showing an open state,KThe line is also moving towards the upper track, but the attached indicatorsMACDThe fast and slow lines are glued together and there is no ready-made golden cross state, so this needs to be noted in the future. Currently, it is more critical below the hourly line2The supporting points are:1208-1210this2Since the rise of gold, the hourly retracement has not fallen below the middle band of the Bollinger Bands, so the intraday hourly Bollinger Bands have not fallen below the middle band of the Bollinger Bands1208Becoming a key support point is also the entry point for bulls.


foreign exchangeAnalysis of gold market:


The narrow range oscillation trend of gold at high levels in the Asian and European markets yesterday belongs to a time correction adjustment, lasting for four hours5Rihe10The daily moving average has followed suit, and it also indicates the possibility of the market continuing to rise on the daily line. Early morning market rise test1212Near the high point, similar to Monday's trend, the Asian market is paying attention to whether this position can be broken up. If it cannot be broken, beware of fluctuations and adjustments in the Asian and European markets. Follow below1206-1208Support, attention from above1216-1218Suppression, the high point position of the previous gold range consolidation. In terms of operation, we still rely on it today4hour10Unit moving average, used yesterday's low point as the dividing point to buy on dips. Close above1218At the same time, some backhand short space assistance can be considered. The oscillation mindset of 'long before empty' is adopted.

How to correctly stop loss in spot investment?


As is well known, investment involves both returns and risks, so there is a possibility of losses during the trading process. In order to better control risks and reduce losses, investors need to learn to take stop loss measures. So, how to correctly stop losses in spot precious metal investments?


1Treat stop loss with a calm attitude


Stop loss is one of the main measures for precious metal investors to manage risks. From an operational perspective, although investors have no errors in their thinking and principles, the execution results of anything are probabilistic and difficult to guarantee 100% accuracy. Secondly, the establishment of the stop loss principle also needs to be continuously improved, and corresponding measures should be taken according to different situations. Therefore, the existence of stop loss is of great significance in the operation process, and regardless of the outcome, investors should strictly adhere to it.


2Execution of stop loss awareness


In general, investors should set a stop loss point before entering the market and immediately execute it when the actual situation matches the stop loss principle. Do not hold a lucky mentality and delay the stop loss with various excuses, as this will only cause losses to continue to expand. Therefore, investors should adhere to less thinking and more action when executing stop losses to avoid making incorrect judgments due to excessive thinking. You should know that the issuance of stop loss signals is not something that investors think of themselves, but rather a manifestation of objective facts. Therefore, it is right to firmly execute them.


3Stop loss thinking needs to be improved


As a qualified investor, stop loss should be viewed more thoroughly, because in a sense, stop loss can help everyone avoid greater losses, but it itself cannot generate profits. For investors, the success or failure of stop loss is a thing of the past. What is important is the next step. Investors must adjust their mindset in a timely manner and develop a more comprehensive and scientific investment operation plan after the stop loss, in order to improve accuracy and reduce the probability of stop loss recurrence in the next step.

Yes, don't believe in the ending, it's just another beginning. There was a time when I always liked to imagine how much the price would drop, how many orders I would buy, and how much I would earn from the price increase. But it has been shattered by reality time and time again. Later, it was discovered that this unreality came from the confused area of technology. When it falls, ask for more; when it rises, ask for more; always thinking about the middle line, but never doing it. Why? The end of wave after wave of market trends, the beginning of each trend, is just a cycle, and fate has not changed. Many people view trading solely as technical, without considering many of their own details, resulting in a disastrous failure. Toothache is not a disease, but it can be excruciating. That's the truth. When not sick, eat and drink recklessly, and when sick, swear to stop talking. This is human nature. The same goes for transactions. When a set of orders appears, I swear that there will be no more sets of orders after this release. As a result, I forget the pain of the scar and will still get a set of orders next time. You can't pass the gates of hell, you can't drink the mesmerizing soup. Only when you go through and eliminate misunderstandings can your trading truly grow.


Author of this article: Shan Chenjin (financial self media person)


Author's Message: A broad view and appointment, thick accumulation and thin hair!


Official account: Shan ChenjinV-Letter:scj366


The above content is for reference only. Investment carries risks and caution is required when entering the market.