Fan Chenjie:9.9Will the volatile gold market continue to decline? Suggestions and analysis on evening London gold operations

    International SpotgoldTuesday(9month8day)Once plummeted and approached30USD, hitting its lowest point in the session1906.24dollar/Ounces, but the market's demand for safe haven has once again heated up, causing gold prices to hit a low and then sharply rise by more than20The US dollar shows the instability of recent investment sentiment. Geopolitical risks continue to bring safe haven buying for gold, but the decline in the stock market once again highlights the special safe haven value of the US dollar, which suppresses the trend of gold prices. In order to offset the economic damage caused by the pandemic, central banks around the world have taken extraordinary liquidity measures, saturating the market and driving up gold prices this year26%Because it is seen as a shield against inflation and currency depreciation. Inflation expectations have decreased and actual yields have risen, which also has a slight negative impact on gold.


    Wednesday（9month8In the early morning session of the Asian market, gold continued the weakness of the US at the end of the day and remained basically unchanged, maintaining at1930-31dollar/The trading range of ounces. In the environment where the US dollar has become a new safe haven favorite in the market, gold finds it difficult to profit from safe haven sentiment.


    So, looking at the current trend of gold, can gold still remain bearish despite the bullish bullish trend? For this point, although the market's risk aversion has stimulated gold to still attract bullish buyers when it falls to a low level, it is currently just a dead cat's jump. After all, the current disputes between China, the United States, and India have limitations, which makes it difficult for bulls to achieve success even if they rebound. After all, the pressure faced above is heavy, which leads to even if buying at a low level rises, there will be a market sell-off in the face of obstacles. Therefore, as long as the market does not experience substantial shocks or war factors, everyone should not blindly bullish gold, but rather wait for a rebound to short gold. Of course, for market related information, everyone also needs to pay more attention to prevent unexpected incidents.


    Technical analysis of gold:


    For today, first of all, the following from above1945-1950The gains and losses at the checkpoint. Stick to this position and don't break short. Let's take a look1920-1900Area is sufficient. If there is an unexpected lift, everyone should further adhere to it1960-1980Short selling in the region and looking ahead1920-1900That's it. As for the following, focus on1900The gains and losses at the checkpoint, once broken, will further open up the downward range for gold bears. Take a look below1880-1860.However, starting from Wednesday, after experiencing a period of adjustment, gold may need to change its strategy and remain bullish. This adjustment may be the best time for gold to buy multiple orders in the medium and long term. We hope everyone does not miss it. Of course, Chenjie is not an institution and does not encourage everyone to buy long. It is only to express its bullish view, which is reasonable and well founded. If you do not agree, you can exchange your views. Meanwhile, viewpoints are just viewpoints, and we still need to apply them flexibly in our operations.


    Looking at the daily chart, the daily chartMACDThe green kinetic energy column has slightly expanded,KDJRandom indicators falling below50The level indicates that the bearish momentum of gold has strengthened, and it may further fluctuate and fall. Although the current decline has fallen to the previous consolidation support area, it has not broken through1942Before the pressure, it was still a bearish correction trend. Moreover, the recent market rebound highs have gradually decreased, and if the rebound is weak, it will inevitably fall again. Therefore, for today's operations, the main focus is still on short selling through rebound. Real time market changes, add author Chen Jie Weixin（fcj66886688）Get daily market analysis, unpacking strategies, and guidance on medium - and long-term layout. We welcome like-minded individuals to come and have a long conversation!


    Suggestions for Gold Operations:


    1The rebound above the gold does not break1940-1935Short on the front line, stop loss4US dollars, look at the target1915-1920frontline;


    2The rebound above the gold does not break1955-1960Short on the front line, stop loss4US dollars, look at the target1910-1915frontline;


    Message from Chen Jie————


    The answer to all questions is never unique and unchanging. Whether the market is going up or down, you cannot control it yourself. Only by keeping up with the pulse of the market can you avoid being eliminated. The market cannot always go up or down, and what is certain is that it will always go right. Risk is an objective, inevitable, and under certain conditions, it also has certain regularity, so we should pay more attention to risk control in operation.


    writing/Fan Chenjie