Du Shuqi:8.30Gold stabilizes at the thousand two checkpoint,20The opportunity for profit from multiple orders cannot be lost

Du Shuqi:8.30goldStabilizing the thousand two checkpoints,20The opportunity for profit from multiple orders cannot be lost


Natural jade requires the carving of time. Jinse's life requires the nourishment of the Zen mind. And deliver the intricate and fast-paced music to Sizhu Qingyin; Use worldly fireworks to exchange for a jade pot of ice heart. In the impermanent world, facing the unpredictable tomorrow, all I can do today is to meditate and cultivate my character. Let yourself slowly emerge from the chaotic world and become clean and clear.

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Du Shuqi - Message Face


The United States and Mexico agreed on Monday to amend the North American Free Trade Agreement（NAFTA）This has put pressure on Canada to agree to new provisions on the automotive trade and dispute resolution rules, making it part of the trilateral agreement.NAFTAExpected to be announced by the Mexican government this year12month1Stable formation before the change of term. US Trade Representative Wright Heyzer pointed out that the US Mexico agreement will be sent to Congress for approval, or may take place in11Signed on a monthly basis. US Treasury Secretary Nuchin stated yesterday that he expects to reach a trade agreement with Canada this week and expects there to be no significant obstacles in trade negotiations with Canada. Nuqin also stated that he hopes Canada will join the trade agreement. Both Rabobank and Kaitou Macro believe that the US Mexico New Agreement is pushing negotiations towards the right track, but may pressure Canada to make a compromise; The new agreement does increase the possibility of reaching a new North American Free Trade Agreement, but it also increases the risk of Canada not reaching an agreement and becoming a bilateral agreement. Market attention will now shift to potential concessions that Canada may make.


Du Shuqi - Market Analysis

Gold, following a significant pullback on Tuesday, maintained consolidation and recovery above the 2021 Belt the following day. On the daily chart, gold saw a slight bullish close and successfully stabilized1200The US dollar level will further consolidate its bullish sentiment. Currently, gold operates on1205In the US dollar area, it has been tested multiple times and has been affected1208The US dollar has been suppressed, while further resistance is at this week's high1214In the US dollar area, only when gold prices break through this resistance band can they continue to be bullish, while on the contrary, they continue to maintain consolidation. And below, the focus is on the support of the thousand two level. Once it breaks, it will increase the risk of its decline, and at this time, the gold price is returning1200After the US dollar level, multiple forces have an advantage, but whether it can continue to rise remains to be seen.


Technically speaking, there is a small bullish line on the gold daily chart,KLine running onMA5Moving average line,MA10Moving averages and Bollinger Bands1199Key support is formed nearby,MACDIndicator on0Below the axis, maintain the upward movement of the golden cross. The red volume can maintain volume, with strong indicators. The overall daily trend stabilizes above the thousand two mark, and is in a slightly rebounding pattern;4On the hourly chart, the Bollinger Belt indicator area runs flat,KThe line runs on the Bollinger track andMA5/MA10At the moving average, the Bollinger lower track forms support near the thousand two checkpoints, while the Bollinger upper track runs on1213.5Apply pressure on the front line,MACDIndicator on0The dead cross above the axis runs downwards, reducing the green quantity and indicating a neutral and weak indicator.


In summary, the next day's announcementGDPThe data was better than expected, but the US Composite Index failed to hold onto key support. The decline in the US Composite Index was mainly due to two factors: first, Canada is expected to reach an agreement with the USNAFTAThe second is that there is currently a turning point in the Brexit negotiations, and the market's risk aversion sentiment has significantly cooled. From a technical perspective, the US Composite Index closed below the key trend line on Wednesday. If it continues to close lower this trading day, it is basically certain that the US Composite Index will continue to decline. Based on this week's situation, gold is overall in a1200-1214The US dollar maintains consolidation within the range, but supports a tug of war between gains and losses at the thousand two level. Bulls still hold the upper hand, but should not blindly pursue gains and losses until they fall below or break through support and resistance levels in the short term. In terms of short-term operation strategy today, Du Shuqi's personal suggestion is to overestimate and lower the slag, with a focus on the above1208-1210One line of resistance, pay attention below1198-1200Frontline support.


Du Shuqi - Message

Patience is an important skill. The gold market is unpredictable, and being impatient or having distractions can easily lead to making wrong decisions. Sometimes, a decision can change your life, so think twice before making any decision. Livermore once pointed out, "A successful trader must be like a successful businessman, able to correctly anticipate future needs, enter the market at the right time, and patiently wait for the moment of profitability." This sentence has been nailed to my heart like a nail in my industry for many years.