Mu Youtie:10.30Federal Reserve Rate Reduction Week, Gold Bears Feast!

　　Mu Youtie:10.30The Federal Reserve's interest rate cut week,goldBearer Feast!
　　
In this mixed market, there are many people who are losing money, but there are more or less major trading problems, whether it is a bad mentality, poor technology, or operating habits without stop loss, liking to resist orders, and frequent lock ups. Losses are not accidental, and there will always be big problems. So if you are still losing money, the first thing you need to do is to summarize and analyze the problem, and after identifying the problem, the rest is to solve it.
　　


　Pay attention to the message surface;
　　
Looking ahead to today and Tuesday(10month29day)Spot gold continues to halt its downward trend at the opening and remains in a stable position1490Narrow consolidation above the US dollar. Although there is some rebound strength and space, the overall situation has become dominated by bears. There is not much basic data or speech events to pay attention to during the day. The focus will start during Wednesday's US market session. However, the general trend from Monday to Tuesday will also play a leading role in the future market of this week.
　　
Except for the third quarter in the United StatesGDPData, Federal Reserve interest rate resolution, United States10monthADPEmployment, United States9monthPCEData, as well as the United States10Monthly Non farm Employment Report and the United States10monthISMmanufacturingPMIOutside of data. This week, the metal market will welcome the annual gathering of the global metal industry in London, which is London'sLMEZhou.
　　
Representatives from the entire supply chain held a meeting to discuss the current trends in the metal market and their expectations for the next year, and established contacts with industry peers and colleagues. It will have a significant impact on future directional expectations. In addition, the British Parliament is concerned about12month12The debate on the bill for the upcoming general election is also worth noting.
　　




　　From a personal perspective;
　　
Mu Youtie believes that; This week's heavyweight data will affect the short-term trend, and Thursday morning Beijing time2:00The Federal Reserve's interest rate decision and the subsequent press conference held by Federal Reserve Chairman Powell. Although the market generally expects the Federal Reserve to announce its third rate cut in years, even if the Fed cuts rates this week, the increase in gold prices will be limited as the demand for safe haven caused by economic and trade disputes is decreasing.
　　
Additionally, it is expected that a more hawkish statement will also be issued, which means that the Federal Reserve will10Suspend interest rate cuts after the month. Teacher Mu Youtie's Star Position\myt549Therefore, it is expected that gold will fluctuate below the volatile area in the near future and begin to search for a starting point. Although gold is bullish in the medium and long term, the price of gold needs to fall another wave in the short term. The space and support area for this decline have also been repeatedly mentioned before, and investors need to carefully consider.


　　
　　Technical analysis;
　　
Daily level; From last Friday's candlestick closing, it is already a bearish signal, and it also suggests that the probability of reaching new highs in the short term or this week is greatly reduced. Therefore, it is correct to look for a pullback on Monday. This is not a hasty move, please refer to it before Monday's opening10month26It has been clearly stated in the weekly review released on the day, and each conclusion has its expected arguments that exceed the actual trend in the first few days or even weeks after it is released. Afterwards, only the results are being sorted out. Serious and sustained attention is needed to keep up with the train of thought.
　　
　　Suggestion for Silver Operation:
　　
Last trading day Monday(10month28day)International spot gold in London fell slightly due to the pullback force last Friday. In terms of trend, gold prices have opened since the early morning session of the Asian market1502.77dollar/After an ounce, the white market overall showed a slight upward trend, but during the tail period of the European market, gold prices rebounded and recorded intraday highs1508dollar/After the ounce, it began to decline. In the US market, there was a significant intraday decline, continuous decline, and loss of momentum1500Pass and record intraday low points1489.70dollar/The ounce stabilized and then narrowed to close at1492.48dollar/Ounces low.
　　
Silver plummeted significantly, hitting its lowest point during trading17.71dollar/Ounces, with a decline of over1%Defeat18At the checkpoint, Tuesday morning continued to decline and hit a new low from yesterday. According to technical analysis, below is a view of17.60USD support. The US dollar index also showed a downward trend, with the lowest point reaching97.67, continue to run on98Below the level, however, there will be some short-term support and room for rebound.
　　


　　Suggestions for Gold Operations:
　　
From gold4Looking at the hourly trend, the current gold price continues to decline under pressure. Pay attention to1482.27Resonance support.
　　
If gold prices continue to decline, see Fibonacci for support below61.8%Callback bit1482.27Further support level, see Fibonacci78.6%Callback bit1472.11。
　　
If gold prices rise, see Fibonacci for upward resistance50.0%Callback bit1489.41Further resistance can be seen in Fibonacci38.2%Callback bit1496.54。
　　
　　MACDContinuing to decline, gold prices continue to decline, if they fall below1482.27Resonance support may continue to decrease to10The low point at the beginning of the month.
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A good medicine is bitter to the mouth, but difficult to swallow; Loyalty may go against the ear, but it is difficult to enter the heart; Things are difficult and easy, and people speak of good and bad things; We may be bitten by a snake once and afraid of a rope for ten years. For the trading market, what senior analysts lack the most is technology, and what investors lack the most is choice. Teacher Mu Youtie's Star Position\myt549Bo Le meets a close friend, and a thousand miles of horse seeks Bo Le. Not all are suitable, only one is suitable.If you don't settle, Mu Youtie won't be perfunctory. Although we just met by chance, the traction of an article may be the foundation for your investment journey to become smoother and smoother! The transaction is just that, and it's worth cherishing. You should always be your own protagonist and not always act as a supporting role in other people's dramas. The mountain has its peak, the sea has its other shore, it's a long journey, there will be a turning point, the aftertaste will be bitter, and there will be a sweet aftertaste. Storing sunshine will bring distant fragrance, and having warmth in the heart will not fear the desolation of life.



　　
　　‎Author of this article: Mu Youtie
　　
Author's Gift: Give people fish as well as fish!