Duan Haoyu:4.17Analysis of the reasons for the sharp decline in gold prices, accompanied by short-term trading strategies in the evening

[paragraph]
Duan Haoyu:4.17goldAnalysis of the reasons for the sharp decline, accompanied by short-term trading strategies for the evening


Choosing the wrong one is a waste of effort, choosing the right one is twice the result with half the effort. The calm lake surface only reflects the rigid reflection, and the rushing rapids have beautiful waves!Profit is not achieved through others' generosity, but through one's own efforts to strive for it!Don't mistake love for a burden just because you loved the wrong person in the past. The greatest tragedy in life is not that no one looks down on you, but that everyone instantly sympathizes with you. Only by following can we learn the essence, and only by following can we gain wisdom.

Message interpretation:


1.After a sharp rise at the beginning of this week, the gold market fell back, and on Friday(4month17day)Spot gold prices have experienced a significant drop, falling below1690Above the US dollar ounce level. The US dollar index has surged again100Above the Great Wall, trading is at a high level for over a week. As the weekend approaches, facing more uncertain news in the future, market funds are choosing to return to the US dollar, and gold long profit positions are also taking the opportunity to exit


2.President Trump of the United States issued the guidelines for the reopening of the U.S. economy. He predicted that the death toll of COVID-19 would be even less than the optimistic prediction. The national shutdown is not a sustainable long-term plan. It is expected that the U.S. economy will prosper rapidly once it is opened up, and the economy will recover in three stages. The United States has passed the peak of the COVID-19 epidemic


Analysis of the evening gold market trend


Spot gold from4From an hourly perspective, the gold price continues its downward pressure trend since the high point, and the opening of the upper and lower tracks of the Bollinger Belt converges,MACDDead fork, green kinetic energy column slightly expanded,KDJDead cross, further decline in random indicators, convergence of the opening of the upper and lower tracks of the Bollinger band, indicating that the short term may further decline, and the short term will continue to fall under pressure. Pay attention to the lower support first1690Near the front line, further support at1675Nearby, if the support at this position is effectively breached, we will go to explore it1644Support position, this is3If the points tested since the end of the month fail again, the support level below will further look towards1600Pass. Overall, Haoyu's personal suggestion for short-term trading tonight is to focus on rebounding at high levels, with long positions as a supplement. The short-term focus should be on the upper level1708-1710Frontline resistance, short-term focus below1678-1680Frontline support; Follow Duan Haoyu's prestigedhy287Timely understanding of market information and grasping major trends can help you make steady profits100Get a complimentary textbook for teaching, first come, first served!

Latest operating suggestions for gold:


1The rebound above the gold does not break1708-1710Short on the front line, stop loss4US dollars, look at the target1690-1688frontline;


2The pullback below the gold does not break1678-1680Long on the front line, stop loss4US dollars, look at the target1690-1692frontline;


Why is gold always losing money?


In most people who lose money, they make more money than they lose money. However, because making money is often making small money, losing money is often losing big money. One loss offsets many profitable trades, which means that the final loss is often caused by one or two large losses, which is the main reason for most people's losses.


The reason for the large losses is that after being trapped, they did not admit their mistakes in a timely manner, carried on until the end, and even continued to increase and spread out, blindly locking up their positions! In the end, the losses reached an irreparable level. Therefore, not afraid of mistakes, but afraid of procrastination. Procrastination and admitting mistakes are the root of losses, and timely admitting mistakes can help oneself get rid of passivity. This is an important aspect of successful trading psychology.


Haoyu feels thatforeign exchangeInvesting in the market has resulted in a significant decrease in the stock marketfuturesThe disadvantages of insider trading, false information, and other factors in the market make the trading environment more in line with the principles of fairness, impartiality, and openness. Profit and loss depend more on the operational level of investors, making it the most suitable place for individual investors to make profits. However, if you still approach the foreign exchange market with a stock market mindset, the result will inevitably be losses!

The market is fair, and only when traders take every transaction seriously, will the market give you back. Otherwise, you may be abandoned by the market. Therefore, whether it is profit or loss, we must take responsibility for every transaction we make. Before trading, we should pay attention to international events that affect the market and analyze market trends. If you are new to the market and do not yet understand how to analyze news and technical interpretations, you can add Haoyu as a friend. Haoyu will teach you some operational skills and cultivate your habit of making orders.


Author of this article: Duan Haoyu [reprinted, please indicate source]


authority:dhy287（VLetter official account: Duan Haoyu)


Author's Message: If life is only like first sight, meeting and gathering is fate!