Du Shuqi:8.31Black Friday, with a confident bullish layout

Du Shuqi:8.31Black Friday, with a confident bullish layout


I often stay at the forefront of market analysis, give advice, and investgoldRisk control should be given top priority, but there are still people who blindly invest and repeat the same mistakes, resulting in heavy losses. Everyone follows the same path for the same purpose, but the results are always completely different. Calm down and think about how to reverse the current losses; Steady and steady, do every order well without seeking too much; Be cautious and control the risk of stop loss.

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Du Shuqi - Message Face


Spot gold fell on Thursday and briefly broke through1200Da Guan regained its downward trend. Emerging market currencies continued to fluctuate on Thursday, with the Argentine peso currently falling close to the US dollar20%, Türkiye lira fell close4%The South African rand has fallen nearly3%The Brazilian real has fallen more than2%. With the volatility of emerging market currencies, the US dollar has stopped falling and rebounded, and the US dollar index is approaching95Gateway.Announced within the day from the United States to8month25The number of initial claims for unemployment benefits in the current week is21.3ten thousand people,Slightly higher than the previous value2110000 but lower than expected21.4Ten thousand people, still at a historical low; United States7Monthly CorePCEThe annual rate is2%Meets expectations and boosts the Federal Reserve12The possibility of monthly interest rate hikes. Bloomberg data shows that globallyETFOn Wednesday, we increased our holdings by approximately22.510000 ounces of gold, reduced holdings by approximately23.5Ten thousand ounces of silverETF。


Du Shuqi - Market Analysis


It is not difficult to see from the monthly chart of the US dollar index that so far this month has remained a cross starKLine, just passed by7The moon is also a cross star with a dark line. Following this trend, today's moon line will determine9The trend of the monthly US dollar index, whether it turns red or green, we must patiently wait. The formation of the trend requires time, and gold and the US dollar still need time at critical junctures!!


gold1200The pass was once again lost yesterday, and the golden daily chart was marked as negativeKThe pattern of consecutive days of oscillation below the middle track of the Bollinger Bands was broken yesterday, and the daily chart shows that the high point continues to move downwards, indicating insufficient bullish momentum. Yesterday, the US dollar index once again tested upwards95The US dollar level, although briefly falling, will still provide upward mobility under the impact of the sharp decline in emerging market currencies.


gold4Looking at the small picture, since yesterday when it fell below1200Gateway,1202-1203As a high point for early morning rebound, it will be a watershed for bullish and bearish sentiment within the day. Once it stabilizes, it will slightly rise, otherwise it will break a new low. From this Tuesday1215Looking at the nearby high points, prices are showing a decline3Wave trend, currently completedABWaves, andCThe waves haven't finished, rebounding todayMA10Near the pressure level of the moving average, it is possible to enter the air once.If the European market stabilizes1202Above, step back on the empty single to exit.


Du Shuqi - Operational Suggestions


1203-1204Stop loss3USD, target1296-1294


Du Shuqi - Message

There is no fixed market trend, nor is there a fixed investor who needs to constantly learn and adjust in order to integrate into the market. The market is endless, the market is constantly evolving, and trading is never stopping. Although we cannot achieve every wave of market trends, we can seize the opportunity of rapid change, treat the market with an objective and calm attitude, analyze the market, wait for the market, and make sufficient preparations for every transaction. If we want to do something well, we must first use our tools, not trade is better than trade. Always remember a sentence: The market changes every day, don't be impatient or impatient, take it step by step, don't rush to place the next order before it's released, it will deviate from the original intention.