Hao Chengbin: Continued volatility at the beginning of the golden week requires attention to this week's news

    After the opening of the US dollar index on Monday, it fluctuated and fell, which affected itgoldFrom low short-term surge to1950Above, but then the US dollar index rebounded, and gold fell again to1943First line. However, in recent weeks, the wave amplitude has shown a gradually narrowing trend, and the bulls and bearers are anxious. In the short term, it is expected that the market will continue to fluctuate within a certain range, making it difficult to have a sustained unilateral trend. Pay close attention to the Federal Reserve's decision on Thursday morning Beijing time, after Federal Reserve Chairman Powell hinted that the Fed will continue to maintain low interest rates.


    From a daily perspective, the gold price has been quite convoluted over the past month, and the continuity of the bullish and bearish range of the market is not strong, mostly ending with a cross star. At present, the resistance above is still the upward trend line of the previous market trend1950-55The area has recently reached this front line and can still be followed up, while the supporting area below is located1920Region. Looking at it in four hours, currently the attached image indicatorsMACDThere are still signs of divergence at the top, so it is important to be cautious of another decline in gold prices. Short term support below is located1930-33On the front line, if this position is not broken, it is difficult for the market to make significant movements. If it falls below, it can be seen1915Region and last week's low point1906Region. Note that as the current market trend is not one-sided, we can only find key points to sell high and buy low, and try not to chase up or sell low.


    The current market situation can still maintain the strategy of early push.1950If the region still cannot effectively break through, it can be considered to enter short positions. Those who hold short positions in the region can also continue to hold them first, with priority given to the first support for the downward trend1938Nearby. If the area can provide short-term support, radical factors can be considered in this location. We are about to enter the US market stage. Just pay attention to controlling the risks. Enter at the appropriate location and set a stop loss strategy.


    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 account: Cheng Bin Lunjin)


    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.