Shi Wanjin:9.9Gold trend analysis, gold trading continues to be bearish

Choosing entry points is crucial in spot investment. Without a good start, one cannot expect good results. The quality of the entry point directly affects the size of the stop loss position. If the entry point is not good, it will lead to excessive stop loss, resulting in a decrease in the overall break even ratio.
　　
　　goldTrend analysis:
　　
From the analysis of the gold daily level, the short-term performance of gold prices still lacks clear directional guidance, and the overall trend remains relatively neutral and volatile. It is expected to continue to maintain and wait for clearer guidance in the future market. The short-term operator maintains a relatively stable and volatile mindset overall. Hour level, from this round1992Since the decline, gold prices have continued to fluctuate and experience a short-term downward trend. Yesterday, gold prices first fell and then rose. Although they briefly experienced a rapid turning point in the US market, they still cannot escape the atmosphere of short-term volatility and exploration, and have rebounded since the current period before the European market1934After the first line, the gold price once again showed signs of weakness after last night's high, indicating that short-term performance is still uncertain and showing a relatively negative and volatile situation within the day. Investors may pay close attention to it within the day or with a focus on it1934Key suppression level testing on the front line. We can continue to monitor the European market1935-38Short pressure on the first line, operate by looking at the empty line.
　　
Technically speaking, the market was once again entangled as it closed with a cross star yesterday. However, today's market still opened below the previous upward trend line, so the market may continue to rebound and then fall, just like yesterday. Focus on this for the day1940The trend line pressure breaking situation in the vicinity can also be seen as a bearish indicator of gold. From the hourly chart, although the market staged again in the early morningVType reversal, but the rebound did not break the pressure level before falling again, indicating that the suppression above is still strong. The early morning rebound trend cannot change the overall weak state of the market! And today's market has been trending towards upper and lower fluctuations in the Bollinger Bands, with lower levels falling to1923Afterwards, it rebounded again, indicating that the current support below is also very strong, so the market is in a state of competition. So in terms of European operations, we can first focus on1923-1935The situation of broken space between communities. The operation remains unchanged at high altitude.
　　
Radicalism in the European market can be directly achieved through1934/5Entering the air nearby, take a look below1922/3First line, break through can continue to be seen1916-1910The area is even lower, and if it cannot break through continuously, it can be shortened by an additional wave.
　　
In gold trading, most investors are affected by the ups and downs of the market, sticking to their original intention and always doing what they want. Although what they say may seem simple, there is very little they can do. This is why most people in the market are losing money. There is a misconception in short-term trading: short selling is afraid of rising, long selling is afraid of falling. Everyone should know that no one can long at the lowest position and short at the highest position every time, In the short term, there will be some fluctuations, but most people focus on the market. When the market is running in the opposite direction to the entry direction and has not reached the stop loss level, they blindly worry that it will only change the original intention. Frequent exits and entries will only increase the stop loss. Therefore, principle is important. According to the initial strategy, if the market has not reached the stop loss level, hold firmly. Once the market breaks through or falls below resistance and support, adjust the strategy in the short term in a timely manner, Follow up on the trend.
　　
Wen/Shi Wanjin (Guidance letter:swj178 ）
　　
(Disclaimer: The above analysis only represents the author's personal views and does not constitute specific operational suggestions. Based on this, we will be responsible for our own profits and losses, investment risks, and caution should be exercised when entering the market.)