Spot Yuejin Shi8.10The bullish power of gold is still there, selling high and buying low to pick up money, looking for me to turn losses into profits

A brand new day begins, with endless life and endless battles. In a person's life, it is inevitable that we will lose or lose something, but we must not lose our emotions. We must keep up with the times, catch up with the sun, create life and harvest happiness. Yesterday, we created another brilliance, but it has become history. Simply immersing ourselves in it will only waste the present. There is no rehearsal in life. Only by making good use of the current time and working hard can we have a better future. Tomorrow is still in a hurry, as the mirror of heaven and earth, and the mirror of all things, returning to the market. On the path of profitability, we will continue to work hard and forge ahead


goldSilver fundamentals, bearish investors pull back one city, while bullish investors begin to accumulate strength. details Spot Yuejin Shi yjs70022


Monday(8month10day)At the beginning of the Asian market, spot gold slightly weakened and began to rebound, stabilizing at2030Above the checkpoint, spot gold surged last week, and although there was a slight pullback on Friday, the weekly trend continued to rise by nearly3%. The strong performance of US non farm data helped the US dollar rebound, causing some gold bulls to take profits and leave the market.

The non farm payroll data released last Friday exceeded expectations, and gold was hit hard, causing a frenzy since the daily high60USD to2015Near the US dollar, but did not fall below the critical level2000The US dollar barrier.



This week, investors should closely monitor the fiscal stimulus negotiations in the US Congress. The passage of another major economic stimulus plan may mean printing more money, weakening the US dollar, and rising gold prices. In terms of data, this week will be another busy data week. The data that needs close attention includes Tuesday's United StatesPPI,Wednesday in the United StatesCPI,Thursday's initial jobless claims in the United States, as well as Friday's retail sales and industrial production data.

8.10Gold trend correction correction, bulls still have room for improvement

From the daily chart, it can be seen that after hitting the daily level upper track support at the beginning of last week's opening, the gold market rose significantly and stabilized2000At the same time as the pass, it continues to break new historical highs to2075The US dollar is currently experiencing a significant decline from its high level. But for now5At the support of the daily moving average, the decline has stopped, but on Friday, gold collected a larger bearish candlestick, forming a trend of merging and peaking. The structure of the bullish candlestick arrangement has been disrupted, and the upward momentum is lacking.KDJThe high position forms a dead fork,MACDThe red bar has weakened slightly, and the high position of the fast and slow lines has slightly weakened, indicating that another retreat is not ruled out. However, gold still has fundamental support, and Friday's sharp decline was not only due to non agricultural bearish sentiment, but also due to the departure of profit taking positions. The possibility of gold continuing its sharp decline is relatively small, and it is more likely to experience high volatility. But if the opening trend of this week stabilizes2030The first-line support of the US dollar implies a pullback in place, and bulls will enter again.



from4From the hourly chart, it can be seen that after a sharp decline, gold has gained support near the Bollinger Bands, and has started to fluctuate and consolidate to build a bottom. It has also received a long downward shadow signal, and may rely on the Bollinger Bands for further rebound within the day. Moreover, the Bollinger Bands have seen a previous upward trend1967~2074Fibonacci callback level50%Location,MACDThe green kinetic energy column rapidly expands,KDJRandom indicators continue to fall below50Horizontal, indicating that the short-term bearish pressure on gold is not decreasing or further under pressure. So we need to focus on it. At the same time, combined with the previous upward trend, the trend will not be understood immediately, and there is still a bullish force that can lean towards a lower position within the day.



Overall, after a major drop in gold, it often takes some time for it to fluctuate and bottom out before it is more likely to rise. Therefore, today's market is2015~2045Nearby areas fluctuate, with high selling and low buying, and resistance above gold2036/2048/2064, lower support2015/2000/1985。



Operational strategy

high altitude2040-2048Empty below, stop loss2050, Objective2015-2008！

Low much2008-2015More above, stop loss2000, Objective2048-2064！



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Author of this article: Spot Yue Jin Shi yjs70022



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