Jin Xiyan:4.17Gold rose sharply yesterday and then fell sharply, indicating bearish forces! Expected to return today1700Below!

Jin Xiyan:4.17goldYesterday's sharp rise followed by a significant decline, indicating the strength of bearish sentiment! Expected to return today1700Below!




Friday(4month17day)In the morning session of the Asian market, the US dollar index maintained a downward trend, located at100Below the checkpoint, report now99.85Nearby; Spot gold has plummeted to near before1700dollar/Significant rebound after ounce level, current gold price report1717dollar/About ounces. On Friday morning Beijing time, US President Trump announced guidelines allowing the US economy to reopen in three stages. In terms of COVID-19, the cumulative number of confirmed cases of COVID-19 in the world has broken through218Ten thousand cases, the cumulative confirmed cases in the United States have exceeded67On Thursday, the death toll in the United States reached a daily high of 10000 cases.




Analysis of today's gold trend:


​Gold reached a high yesterday, fell back, and closed with a small shadowKLine, highest probe1738Under pressure on the front line, it fell back to1708Closing at the low point, the market opened in early trading today and continued to decline further1700Near the low point. From the correction of the double negative line on the daily chart, it can be seen that the short-term upward trend on the daily chart is temporarily suspended. Entering a high-level oscillation correction cycle. Judging from yesterday's overall running rhythm, there was a pullback in the morning session1712.7Later, the reverse draw was activated, and it broke through in the evening1726Afterwards, it officially rose upwards and reached its highest point1738.6After four hours of obstruction, it fell back to1717The long and short points have once again risen to1734Formally initiating the downward movement, with the lowest reaching1707.9From the perspective of the entire operational pattern, the main force has completed a strategy of luring the bulls and killing the bulls, while we1725.6After reducing multiple orders, I received a word of greed1722The other half stops losses, and the entire line follows1733Double to1729.4-1726-1717Empty to1708Perfect harvest, achieving beautiful multi turn empty.


​From today's morning trading, it can be seen that gold jumped short and opened low, directly testing1700At the checkpoint, but the market quickly pulled back to fill the gap, and overall it still hasn't broken through1708The support of the current market is overall at1700-1740Shake within the area! Early rebound attention1720-25The pressure in this area is1The hourly Bollinger Bands pressure zone, if the market rebounds but cannot break through, it indicates a weak adjustment of the market, and gold will continue to decline. This is the high point of yesterday's late day gold rebound, relying on the resistance here to continue short selling and bearish today. Please continue to pay attention below08Breakthrough situation of frontline entities






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Author: Jin Xiyan