Fan Chenjie: Can narrow range fluctuations in gold break through? Analysis of evening market trends

    goldMessage analysis:
    Friday（9month11During the Asian period, the focus of the US dollar index shifted downwards to93.25The euro has risen against the US dollar for three consecutive days, and commodity currencies have collectively risen, benefiting from a rebound in market risk appetite. Asian stock markets have also risen, and the willingness of the market to sell commodities has also weakened. Spot gold under pressure1950Overall, the rebound of the US dollar and insufficient demand for gold are key factors in short-term pressure on gold. The United States will release on Friday8monthCPIAccording to industry agencies, although the US inflation rate may slightly rise due to the recovery of the job market and the recovery of energy prices, it will still remain at a low level overall, so its impact on the foreign exchange market is expected to be limited; However, ifCPIThe unexpected significant strengthening may raise doubts about the future policy direction of the Federal Reserve, which will to some extent drive the strength of the US dollar and put further downward pressure on the US stock market; This will limit the rise in gold prices.
    Gold Technology Analysis:
    Based on the analysis of the gold daily chart, gold rose and fell yesterday, and currently trading in1942Near the US dollar. Daily chartMACDThe green kinetic energy column is basically stable,KDJRandom indicators remain stable at50Below the horizontal level, it indicates that the bearish momentum of gold still exists or may further fluctuate. gold4Analysis from an hourly perspective: Gold prices have briefly broken through200After the moving average continued to decline, it is currently approaching20The average level of the period.MACDThe red kinetic energy column continues to weaken,KDJThe random indicator has sharply declined near the overbought level, indicating a weakening of bullish momentum for gold. From a technical perspective, gold is expected to maintain a volatile trend in the short term.
    The upward and downward trend of gold yesterday had a significant impact, and the daily trend ended with a bearish column with a long upward shadow. It continued to rely on the low point for the day1935-33Going up on the front line, this area is the support area for the previous rise, and the gold price remains stable at the end of the week1933Support on the front line, without considering being overly bearish. The market changes over time, and the strategy also needs to be adjusted accordingly. If the market does not continue to decline, follow up as expected. Therefore, on Friday, we will also maintain a low bullish position and consider changing the strategy when the market reverses. Overall, in terms of short-term trading strategy for gold today, Chen Jie's personal suggestion is to focus on a pullback and buy long, supplemented by a rebound at high altitudes, with a focus on short-term trading above1955-1960Frontline resistance, short-term focus below1930-1925Frontline support. The strategy is for reference only, and the specific entry points for real-time changes in the intraday market can be found on the official WeChat account of Chenjie（fcj66886688）The actual offer shall prevail.
    Latest operating suggestions for gold:
    1The rebound above the gold does not break1955-1957Short on the front line, stop loss4US dollars, look at the target1945-1943frontline;
    2Under the gold, it cannot be broken by stepping back1930-1932Long on the front line, stop loss4US dollars, look at the target1943-1945frontline;
    Message from Chen Jie————
    Life is like a chess game, where there is no regret. The glory and success of the past are no longer important. What needs to be done is to take every step at your feet and play every move in front of you well. Take every ordinary oneKLines are seen as the starting point of happiness, only then can they leave the most beautiful memories for trading. There is not so much time in trading, so don't waste time in hesitation and regret. Chenjie has been fighting in the market for many years, always insisting on speaking with strength and treating people with integrity. Whether you want to recoup your losses, expand your profits after making a profit, or solve your problems after being trapped, as long as you come to me, Chenjie, I will definitely not disappoint you. Without diamond, we will not take on porcelain work. Chenjie looks forward to your joining.