Shan Chenjin: Why did gold plummet at the end of the month? How to operate non agricultural gold trading at the beginning of the week?

Why are you always unable to trade well? Is it because the market is not doing well now? Is it because I am unlucky, or is there a problem with the teacher's guidance? Countless questions and answers ultimately depend on the mindset in which you view this market full of money. In fact, this is not that the market itself is difficult to do, but rather that it can never pass its own level. Almost all losses come from being trapped, overweight, full position, and counter trend operations. Secondly, there is a mentality of luck that always thinks of a pullback or rebound, and I will leave. In the end, the market will reverse, and opportunities will flow away like this.

Monthly closinggoldWhy did it plummet
　　
Friday(8month30day)The US dollar skyrocketed, creating2017year5New high since the beginning of the month99.02; Due to the end of month position adjustment, negative political developments in Italy, and trade frictions, the euro fell below the US dollar1.10The level was touched at one point during the session1.0963, for2017year5month15The lowest since the beginning of the day. Gold prices have declined, and spot gold has hit a new low this week1517.06The continued rise of the US dollar has put pressure on gold prices.
　　
The easing of the global trade situation has put pressure on gold prices, but concerns about a global economic slowdown and expectations of central bank easing have consistently supported gold prices, with market focus shifting towards next week's speeches by non farm and the Federal Reserve. It is reported that the Federal Reserve has scheduled next Friday Eastern Time（9month6Day)12：30——Next Saturday Beijing time（9month7In the early morning of the day00：30Speaking at the University of Zurich in Switzerland on the economic outlook and interest rate policy in the United States. A few hours before Powell's speech, the US Department of Labor will announce8Monthly non farm employment data.

Next week's gold trend analysis and layout:
　　
Technically speaking, JapanKThe line emits a bearish signal similar to 'engulfment',MACDAfter the top deviation, there is a preliminary deadlock,KDJThe high level has initially reached a dead cross, and the gold price has initially peaked in the short term. In the future, there is a risk of further pullback, which is initially supported by20Daily moving average1509.63Nearby, then1500Supports near the integer level, with last week's low point supported at1492.20Nearby; Strong support in1479.71Nearby,8month13Daily low point and1160-1555Upward trend19.1%The retreat support is located near this position. Centerline Strong Support Viewing7month19Daily high point1452.89Nearby. In the short term,10Daily moving average1518.79There is also some support nearby, and this location is also close to the overnight low point. above5Daily moving average resistance1532.04Nearby; Before regaining this position, the aftermarket tends to decline; Overnight high point resistance1550Nearby, Shan Chenjin believes that if the resistance is unexpectedly breached, it will increase the short-term bullish signal.
　　
Short line4Hourly viewingMACDandKDJDead cross operation, gold price is leaning towards testing the offline track of the Bollinger Line1518.75Nearby support, if the support is missed, increase the short-term bearish signal; Further support on1508.50Nearby;1400-1555Upward trend38.2%Retraction position support1496.00Nearby. If the gold price unexpectedly breaks the middle track of the Bollinger Line1534.83Nearby resistance weakens short-term bearish signals; And may be on the Bollinger Line again1549.30Nearby resistance. Overall, for next Monday's operation, it is recommended that Shan Chenjin prioritize high altitude and prioritize low altitude.

Suggestions for gold operations at the beginning of next week:
　　
　　1Callback1508-1510Do not break long, stop loss4US dollars, look at the target1518-1520；
　　
　　2Rebound1528-1530Stop loss without breaking short4US dollars, look at the target1519-1517；
　　
Keep up with the layout of the single morning gold central line, take you to make trend orders, and grasp trend orders more accurately than volatile market trends. I believe friends who have been following me know that the guidance quota for non agricultural real market is to strive for excellence and not let opportunities miss!
　　
An unplanned investment is like a small boat floating on the sea, with the possibility of capsizing at any time. Investment does not enjoy preferential treatment because you are a weak person. The waves wash away the sand, the sink is gold, the wind and clouds roll up, and the remaining is king. Only by fighting prepared battles can one survive. The non agricultural investment profit plan for Shan Chenjin in September has been implemented, and the risk control department has specially customized a stable investment plan. It's never too late to start anything, what's too late is that you never dare to start!

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　　2、3W-8Wdollar5Seats, pre booked, first come, first served,20%Short term positions,10%Midline position,70%Risk control, using a combination of medium and short term methods, expected to occur every day3-5Single, weekly returns60%-78%；
　　
　　3、10WFunds above USD3Seats, pre booked, first come, first served,20%Short term positions,10%Midline position,10%Long term positions,60%Risk control, using a combination of long, medium, and short term trading methods to maximize profits, expected to occur every day4-6Single, weekly returns60%-80

Cooperation plan:
　　
Account opening, technical training and guidance, trading system, mindset, classic market patterns, trading misconceptions, risk control, fund management, etc., combined with daily market practice training and guidance. (We do not actively add any investors, beware of counterfeiting, have a clear contact information to prevent being deceived. Investment carries risks, and caution should be exercised when entering the market.)
　　
Every entry has technical basis and meticulous logical thinking, even including risk assessment! Let your order rest assured and at ease! I am a professional in analysis and trading. I am Shan Chenjin, and I endorse myself!
　　
Don't talk nonsense, be concise and to the point, go straight to the core; What we provide is the concise and worth watching gold market analysis you want! Accuracy and profit are the only criteria for testing strength in this market!
　　
Casting a sword for ten years reveals its sharpness once a day, and staying in front of the plate only waits for those who have a heart. I am Shan Chenjin, an analyst who adheres to the forefront of the market, and the market is calm and calm,KLine ups and downs strategize, I use my strength to make profits, and more importantly, I use my strength to win hearts and minds!
　　
Author of this article: Shan Chenjin
　　
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The above content is for reference only. Investment carries risks and caution is required when entering the market.