Hao Chengbin: Gold Returns to Long Short Decision: The European Central Bank's Interest Rate Resolution Coming

    On Thursday, the European Central Bank's interest rate decision is about to arrive. Prior to this, we have been emphasizing to everyone this week that the European Central Bank may givegoldThe impact it brings


    this year3Since the beginning of the month, the euro has been rising all the way, and last week it even stood up1.20The pass is the first in two years. The recent appreciation of the euro mainly reflects that the monetary policy of the European Central Bank is still not loose enough. Although the deposit mechanism interest rates of the European Central Bank have been as low as-0.5%，7Month and8The monthly balance sheet has expanded2000Billion US dollars, and with-1%The preferential interest rate has been extended to the bank for more than1Trillion euros of cheap loans, but if calculated at real interest rates (nominal interest rates)-In terms of inflation level, the current monetary policy in the United States is more relaxed. tonight19:45The European Central Bank will announce its latest interest rate decision, and Lagarde may hint at increasing the scale of monetary stimulus in the future. Unlike the Federal Reserve's dual goals of employment and inflation, the European Central Bank has only one task, which is to maintain price stability in the medium term, in other words, close to but below2%The inflation level.


    Today's European Central Bank's interest rate resolution, Cheng Bin believes that there is a possibility of a back and forth wash. With the previous covert actions of the United States and China, the significant appreciation of the euro has seriously affected the economic recovery of the eurozone. Even if Lagarde cannot propose new easing policies to the market at night, considering the face of the US dollar, it will verbally suppress the euro, which may boost the US dollar and put pressure on gold. Of course, the trend of gold may also be asynchronous, and it is also possible for the central bank to further relax. Although it is beneficial for the US dollar, the amount of water released is also beneficial for gold. There may also be a situation where the US dollar and gold rise and fall together.


    The second scenario is that the euro is bullish on the US dollar, suppressing gold. Gold will first bear a wave, while the target below will focus on1934/1928Nearby locations, coupled with loose policies supporting gold; As a result, gold continues to rebound strongly and continues to be tested1950Pressure level, once broken through1950, visible above1958/1964/1970Gateway


    In summary, it is essential to control risks during tonight's trading, as we have been maintaining a stable position during the Asia Europe trading period1942-1950Interval oscillations and games with multiple orders can be achieved in1942Nearby entry, multiple orders with good stop loss and upward breakthrough. see1955even to the extent that1965One area. But equally1950If there is no effective breakthrough tonight, then this position is an empty entry position. Let's take a look at the downward target first1935One area. And it coincides with the European Central Bank's interest rate decision. Tonight, Cheng Bin personally suggests observing the market before considering entering the market as the best policy; As mentioned above, there may also be bilateral market trends, and if there are radicals, they can find suitable entry opportunities at the points mentioned above. If you are unable to grasp the timing of entry or have friends who need to lock the warehouse and set orders, you can contact the author, Teacher Hao Chengbin. (Guide WeChat)hyds0002  official accountchengbinlunjin）


    The above article was written by Hao Chengbin. If reprinted, please indicate the source. The article has a lag, and due to the delayed nature of online publishing, the intraday market is volatile. Readers are advised for reference only.
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