Du Shuqi:8.31Today, Gold welcomes the conclusion of the dual line and launches a battle for competition, preheating the trade war

Du Shuqi:8.31todaygoldWelcoming the end of the dual line and launching a battle for victory, warming up the trade war


The core of trend trading is following, not predicting. If you keep guessing the bottom in a continuously declining market, the result is predictable, and you will be devastated by the market. Although the market is ruthless, we need to be clear that our goal is to make money, not to compete with it. The trend has been determined, and when making orders, we need to move in the direction with the least resistance to ensure that we can make money steadily! The recent trend of gold can be described as demonstrating the continuity and stability of the trend to the fullest.

Du Shuqi - Message Face


Trade war: Trump complains that the United States is unfairly treated in global trade, blamesWTOLet such things happen. He also warned that it may affectWTOTake action, but do not specify what form of action will be taken. this year7In the month, US Secretary of Commerce Ross spoke toCNBCThe negotiation to withdraw from the World Trade Organization is "a bit premature". He also pointed out, "We do not conceal our view that the World Trade Organization needs to undergo some reforms."


NAFTAAspect: Significant progress has been made in negotiations, and Canadian Foreign Minister Freeland has stated that the United States has a willingness to make concessions. But she also warned that there are still many details that need to be solved urgently, such as Canada's desire to keep themNAFTAThe anti-dumping panel, and the United States wants to withdraw. Freeland will collaborate with the Office of the United States Trade Representative（USTR）Discuss the key issues of the agreement and make a final decision.


In terms of economic data, the US Department of Commerce announced last night that the US7Monthly CorePCEPrice Index Annual Rate Report2%, reaching6The annual high is consistent with expectations. This is the third time this data has touched the Federal Reserve within the year2%The inflation target. Reuters believes that the United States7The steady increase in monthly consumer spending indicates strong economic growth in the early third quarter. In addition, from the United States to8month25The number of initial jobless claims for the current week has increased compared to last week, but the underlying trend suggests that a strong labor market will drive steady economic growth this year.


Du Shuqi - Market Analysis

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In terms of gold, as we mentioned yesterday, the hourly chart shows a pattern of head and shoulder tops, and the current market trend has indeed broken through as we expected1200Frontline support, currently we can see from the hourly chart that gold prices have fallen below the upward trend line. Although gold rebounded earlier due to the sharp rise of the renminbi, it is still under downward pressure, and the US dollar94.4The first-line support is strong, and good data will also drive the US dollar up, so Shuqi believes that1202We can still be empty on the front line, but once we break through from above1204.7A line of resistance will further rebound, so1202Strict stop loss for empty orders1205That's it.


Key focus below1193-94The region has multiple entry points, although the US dollar is expected to rebound95The first-line pressure is relatively high, and there is not much room for the US dollar to rebound, so the decline in gold will not be too significant1193-94The region is1160-1214The Fibonacci pullback support level for this wave of gains is sufficient to support the bullish trend.


8.31Golden advice:


Multiple Order Strategy (Proposal 1): Gold Price1193-94Regional increase, stop loss1190Below, target1200-04


Short Order Strategy (Proposal 2): Gold Price1202Stop loss1205Okay, if this order stops losing, there is still room for upward movement and a pullback1204Many.


The market is constantly changing, and it is recommended for reference only,


Du Shuqi - Message

In this market game, the emphasis is on a process of learning and participating, as well as the results of long-term stable profits. Once a loss occurs, it is important to promptly identify the reasons behind it and ensure that the lost funds generate their value. I believe that with every transaction you make, it is easy to enter the market with reason and evidence, and strictly adhere to the rules of the market. Under the correct guidance, achieving long-term steady profits is a goal that can be easily achieved. Accurate trend analysis, professional team technical analysis, responsible guidance teachers, real-time tracking of the entire market situation, can profits still be far from you? Opportunities are always reserved for those who are prepared, but also for those who can choose to show you their true strength. Real profits make you happy! If you encounter difficulties on your investment journey and cannot find a direction, you may want to talk to me about long-term losses,Success does not rely on luck, choice is greater than effort!