Shan Chenjin:8.29How long will gold fall in volume and go back and forth? Analysis of the intraday trend of gold

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Shan Chenjin:8.29goldHow long will the volume fall and how long will it be? Analysis of the intraday trend of gold


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!


Some people say that life is like a cup of plain boiled water, with salt added to make it salty and sugar added to make it sweet. Attitude determines life, and it all depends on the additives you add. Yes, a wonderful life is not just about a mindset, but more about an upward spirit. Poor days, with a good mindset, are also days of poverty and happiness, and days of wealth, with a bad mindset, are also days of hardship and happiness. You need to work hard in the direction you want to live your life. Some people say that they cannot copy the bottom, cannot copy to the bottom, do not understand technology, and do not know how to operate. In the market, even with a good mindset, they cannot withstand the torment of bad technology, and even with a good technology, they cannot withstand the consumption of extremely poor mentality. Slowly, the sharpness turned into a blunt object. In fact, it doesn't matter what ingredients are added to life, what matters is how and how they are added. Mastering the method of joining is the key to mastering skills.


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

Tuesday（8month28(Japan), when the dollar index was depressed, the latest US consumer confidence index hit nearly18At an annual high, bulls were boosted by short-term gains. The US dollar index has slightly declined recently, but it will soon rebound, and it may be a good time to long the US dollar. As the US dollar slightly rebounded, the euro sharply fell from its high point, while spot gold plummeted in the short term7USD to1210Below the US dollar level.


U.S.A8Consumer confidence index of the Conference Board rose to133.4, creating a near18A new high for the year, analysts had previously expected the index to fall to126.7。 The index slightly increased last month to127.4, higher than6Of127.1As consumers have shown a better sense of economic performance in the near future, their optimism towards long-term growth has weakened.


Friday is the last trading day of the month. If the US dollar index closes below94.49Horizontally, a downward reversal pattern of the lunar line is recorded, which represents a negative signal and means2017year1The main decline at the beginning of the month may regain its strength. So, for the rest of this week, keep a close eye on it94.49Horizontal! And for gold, close attention is needed1208Horizontal.


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


Yesterday and Tuesday, the gold market once again demonstrated its momentum; Following Monday, gold stabilized1203Breach1208After yesterday's opening, it remained unchanged1210High level adjustment, and the sub disk is touched by stepping back1208Post consolidation rebound and the day before the breakthrough in the European market1212Flush after high bit of1214.4A new intraday high of ounces, followed by continuous pressure adjustments from the European market to this position; Gold prices rebound after the US market1210Post Second Rebound Test1213After experiencing the impact of a rebound in the US dollar, the gold quickly fell and broke the intraday low. Later in the night, the gold continued to weaken and once fell below1200Refresh after level1299.6The intraweek low of ounces before rebounding to1201Oz closing, dayKLine collection with a neutral line


Gold Price, Technical Analysis of Gold:


On the daily line, gold rose in the white market yesterday, but the price did not break through1216Resistance point, in the US market stage, due to the US dollar's rise, gold began to decline and the price fell to1200On the first line, yesterday's surge and fall have brought daily prices back to the position of the middle track of the Bollinger Belt. Currently, the upper and lower tracks of the Bollinger Belt are showing a contraction state, and the moving average is also starting to gather towards the middle track of the Bollinger Belt. Technically, gold may experience a short-term fluctuation.


4As an hour ago, due to last night's decline in gold4On the hourMA5Under the moving averageMA10The moving average forms a dead cross, with attached indicatorsMACDThe fast and slow lines also form a dead cross, and the energy column is gradually increasing. In addition, last night's decline of gold in the second half of the night makes it more likely that the Asian session will follow suit today. Therefore, in the morning, gold needs to focus on the support points below1199-1198First line, will there be another breach.


foreign exchangeAnalysis of gold market:


Gold is strong in the short term, but don't be overly bullish. The current trend is only a short-term reversal, and there is no medium-term reversal. The main trend is still short, even if it goes very strong. However, occasional waves of bearish trading can make it difficult for you to make orders, as was clearly the case yesterday,1214The pressure formed by the position of the top of the large negative line in the early opening and closing of the first tier market, while1217-1219The front line is also an important pressure position above it. Yesterday, it was this line that started to decline in volume after being under pressure. Looking at the trend that weakened yesterday and continuously refreshed the low point in the late trading, it is obvious that there will still be a low point today. The important pressure position above is at the top of the big negative line in the overnight late trading1205And the top to bottom conversion position and yesterday's secondary opening and closing1208Here, the lower support position is1295Here, this position is also1183-1214The extreme retreat position, then today's operation strategy is very clear, first empty then many! Overall, the oscillation is descending!

Understanding of Shan Chenjin Trading-Reasons for losses in gold speculation


Personally, I believe that gold investment is a good investment product. Firstly, it has flexibility in trading, secondly, the stability of gold, and thirdly, the factors that affect gold are easier to analyze. Gold has been the main carrier of investment and wealth management since ancient times, but currently, domestic gold investors still suffer more losses and less profits. Why? Some people blame the platform, others blame the market, and say some personal opinions


1Lack of understanding of relevant knowledge. I heard that there is a great profit opportunity in this market, and if the broker deceives me again, I rashly enter the market without learning relevant knowledge, and even the trading rules and software usage are not clear. If you want to do a good job, you must first sharpen your tools. Even if you don't understand the resources in your hands, it's difficult to think of losing.


2I have learned relevant knowledge, especially technical analysis, and have a mixed understanding of various indicators and graphics. However, I am not proficient in them, and I am not familiar with them. When making orders, I have a confused mindset.


3Do not have their own trading strategy. The entry position is not suitable, which is not conducive to hanging a stop loss or not hanging a stop loss. A sharp rise and fall in the market is like chasing orders, and the result is always chasing the end of the market. There is no accurate positioning of profit margin before placing an order, and unexpected market conditions can be caught off guard.


4Blindly superstitious about brokers. The relationship between brokers and investors depends on trading volume, so some brokers encourage investors to place more orders, while some brokers have lower levels of proficiency.


5Attitude. Learning to hold coins and wait, being nervous when losing and also nervous when making profits, striving to find favorable factors for oneself through one's own analysis and the opinions of others, and so on.

Is it a bit familiar that we are shouting 'take advantage of the situation as the king' every day, but repeatedly losing money in this slogan? Is this sentence wrong? Shan Chenjin told you that this sentence is the true meaning of investment. What's wrong is that you haven't seen the trend clearly, so why take advantage of it? Do you think there is only a long and short balance in the trend? In many cases, there is no simple unilateral market, and more often it is a trend of volatility. Is it also a trend to use a unilateral rhythm to make a volatile market? This is a blatant counter trend to make strong orders. With so much information on the news side, is it possible that the news side is bullish on gold one day, bearish on gold one day, bearish on gold in the morning, and bearish on gold in the afternoon? Without a clear understanding of the market, let's not talk about the idea of "taking advantage of the trend" as the king, Because what you understand as going with the trend is simply going against the market.


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.