Wang Mingxin: Next week, there will be a significant breakthrough in gold prices! Super central bank week, bullish sentiment for gold explodes?

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Your position is still available τ Single? Have you grasped the profit? The market has always understood that people earn money for those who are confused. In a market economy, as long as you participate in the economy, you are an economic person. Economic people naturally aim for profit, especially in the capital market where there are no philanthropists, only winners and losers. No matter how successful you are in other areas, winning or losing is the only criterion in the market. To survive in the market, one should be like a stream of water, not impatient or impatient, living in a narrow gap, and seeking the simplest and purest state. My philosophy is to do it as soon as the point is reached, and as soon as the point is not reached, we will watch. I am Wang Mingxin, whether you are a beginner or an experienced person. If you are lost or incur losses in investment, you can consult the author. In the face of opportunities: Smart people always prefer to make mistakes and never let them go.



Spotgold&internationalcrude oilreal-time info



Friday（9month11During the European session, GBP/USD hit intraday7month24Seven week new low in recent days1.2763The market is concerned that negotiations between the UK and the EU may break down. According to the latest survey, the possibility of the two sides not reaching an agreement is uncertain8Monthly survey30%Jump up to40%The highest estimated value has been reached65%. Analysts say that the deterioration of relations with the European Union has led to the UK's1The possibility of a non agreement withdrawal from Europe increases, thereby increasing the economic challenges for the UK and downward pressure on the pound. Senior Brexit negotiators have stated that some important areas remain unresolved, and this week's negotiations are more constructive than expected. The final progress will depend on whether we can obtain more realistic responses from the EU in key areas of disagreement. On the fisheries issue, the EU's position still has a long way to go before the significant changes needed to reach an agreement.



During European time, spot gold returns1945dollar/Near the ounce mark, the overall market is in a volatile pattern, with the US dollar index falling overall, but still in a stable state93.25Nearby, USACPIstay8The month continues to rise strongly, but as the economy recovers from a virus induced recession, a weak labor market may curb inflation.DailyFxStrategistMargaret YangThe rebound of the US dollar index has led to a decline in gold prices. In the medium to long term, despite the recent consolidation, gold prices are still bullish. Extremely loose monetary policy and low interest rates continue to support gold. andAltavestgeneral managerMichael ArmbrusterIt is difficult to predict the short-term trend of gold prices, but investors are waiting for buying opportunities after the decline in gold prices.



During the European period, US oil prices fell1.7%to36.67dollar/Barrel, as demand recovers and weakens,OPEC+Once again in a dilemma - whether to support oil prices or seize market share. In addition, OPEC data shows that the United Arab Emirates7The monthly oil production is slightly higher than the agreed production limit, and the UAE acknowledges8The month has once again exceeded the upper limit. An oil trader said that exceeding the quota for crude oil production in OPEC core countries has been affecting oil prices. When core countries in the Gulf region fail to achieve their production reduction targets, it will raise questions in the market about the sustainability of the entire production reduction agreement. In addition, as demand recovery weakens,OPEC+Once again in a dilemma - whether to support oil prices or seize market share.



Analysis of the price trend of spot gold:



From a daily perspective, the range fluctuates; Bollinger Bands are closing, and gold prices are hovering near the middle track.MACDDead forks and green bars weaken kinetic energy,KDJAdhesion, index at40Nearby. From a technical perspective, the bearish sentiment towards gold has weakened. At the four hour level, the Bollinger Belt's three tracks are slightly tilted upwards,MACDThe kinetic energy of the golden cross and red pillar gradually weakens,KDJDead cross, index at50Nearby. From a technical perspective, gold is expected to maintain a volatile trend in the short term. Wang Mingxin believes that the upward direction should first pay attention to the Bollinger Bands on the track1961.00; Looking further at resistance levels8month27Daily high point1976.64. Looking at the front high in strong resistance1992.48If it is broken, it will be retested2000The US dollar barrier. Wang Mingxin believes that the initial support below should first pay attention to the middle track of the Bollinger Belt1937.72Looking down at the rail for further support position1914.35. Looking under strong support8month26Daily low point1902.89In addition, this week's low point1906.72Investors can also simply pay attention. Overall, Wang Mingxin's personal suggestion for short-term operations next Monday is to focus on a pullback with a lower bullish trend, with a focus on short-term operations above1960-1965Frontline resistance, short-term focus below1920-1925Frontline support.



Analysis of International Crude Oil Price Trends:



Yesterday, crude oil turned negative and fell on a daily basis. The short-term consolidation did not break the high point of the previous day's bullish rebound, and the continuity of the rebound was insufficient. Today's weekly closing. Pay attention to another decline at the end of the week. The decline has slowed down,4The hourly level stabilizes, and there is a need for correction in the short term. Therefore, we do not consider chasing the empty space first. If we make a round of correction, we can consider leaving the empty space. If we leave the empty space directly, we will definitely not consider it. In terms of going long, the focus should be on the trend of the US market. The US market was hit again yesterday evening, but did not break a new low, and currently has rebounded. In the short term, it is expected that the downward space of the US market will be limited. After a round of selling, it is not ruled out that the US market will strengthen and rebound again in the short term. Therefore, based on comprehensive analysis, Wang Mingxin suggests that next Monday's operation should focus on rebounding at high altitudes, supplemented by a pullback and a long position, with attention from above38-38.5One line of resistance, pay attention below36.5-36Frontline support.



Wang Mingxin's Order Making Principles:



　　1Maintain principal, reasonably control positions, and invest in a planned manner.



　　2Enter when the direction is clear, it's better to miss than make a mistake.



　　3Be mindful of the overall situation, grasp the situation, and do not regret for mistakes. Be mindful of the situation, move according to it, and take advantage of it!



One Center: Focus First - Maintain a correct investment attitude, make up your mind to survive in the market for a long time without being eliminated, be not greedy or hasty, and effectively leverage the power of compound interest.



Two characteristics: following the trend with strict self-discipline, long-term analysis with a heavy cycle



Three principles: obey rules and grasp trends; Portfolio investment, continuous consistency; Strictly manage and control risks.



Four qualities: courage, patience, self-discipline, and willingness.



Wang Mingxin's message: For some people, this market may already be physically and mentally exhausted, from being full of hope to engage in gold investment, to being afraid of entering due to heavy losses, losing even the confidence to encourage oneself. At one point, they sought a teacher who could help them, but ended up losing money. They continued to stay unhappy in the gold market and were unwilling to leave, which may be the current situation faced by many investors. Even though the current situation may be unbearable, please remember that there is no path to a black market, let alone investments that have been losing money. The market keeps going back and forth, with losses and profits made through operations. No one makes a complete profit, but it is all a result of trial and error, steady progress, and step-by-step management. In this mixed market, there are many people who are losing money, but there are more or less major trading problems. Whether it is a bad mentality, indecisiveness, or not carrying stop losses, or liking to resist orders and lock in positions, losses are not accidental, and there will always be major problems. Investing is not overnight, only by abandoning these bad habits, studying tirelessly, controlling risks, and operating steadily, it is definitely the time for you to be reborn. Buying and selling positions should not be entered randomly. Please take responsibility for your own funds and always remember the saying: professional people do professional things, all practical actions are for profit, and cooperation is for win-win.



This article is exclusively written by Wang Mingxin's analysis team and provides online guidance for communication kdj0866Online guidance time: early7:00- Early morning2:00