He Qin:9.16Spot gold and silver trading strategy, with a focus on Powell's speech

When encountering a dilemma, thinking from a different perspective may help you understand that there is still a road beside it.
　　
1、 Fundamentals:
　　
On Tuesday, the US dollar index retreated to92.74Slightly pull up to the rear93.11The daily trend closed positive, and the US dollar index has remained stable in the past few trading days9month10Within the range of daily high and low points, there is a very important data release from the US side today, which is in the evening20:30 U.S.A8Monthly retail sales rate and two important news points: 2 a.m. the next day, the Federal ReserveFOMCAnnounce interest rate resolutions and policy statements, followed by a press conference by Federal Reserve Chairman Powell at 2:30 am. These heavyweight news will undoubtedly change the volatile pattern of the US index, bring new opportunities to the market, and the volatility of the market cannot be underestimated.
　　
According to market reports, this Federal Reserve meeting will be the last interest rate meeting before the US election. Analysts expect Federal Reserve Chairman Powell to make every effort to stabilize the economy, and expect the Fed's stance to be very moderate. However, Powell is unlikely to make a statement on bond purchase targets or yield curve control. Meanwhile, the Federal Reserve7The trillion dollar balance sheet has recently fallen from its peak by approximately1000With a bond purchase volume of billions of dollars, it lags far behind the European Central Bank. The Federal Reserve will continue to make statements that it is not worried about inflation. Compared to inflation, the Federal Reserve's greater concern is the risk of economic downturn. The financial market may remain volatile in the coming week, but it will not experience a sharp decline. After all, if the Federal Reserve leans towards the pigeon, the US dollar may fall, but this is beneficial for financial markets. staygoldAt the time of silver fluctuations, this interest rate resolution and Powell's speech are also highly likely to disrupt the balance of gold and silver, bringing opportunities for direction selection.
　　
2、 Technical aspect:
　　
Gold（GOLD）:
　　
　　2020year9month16Daily Gold Trend Chart

　　

As shown in the above figure, the gold price surged to1972Afterwards, from1972Starting to fall back to1948Nearby, the daily candlestick has narrowed to a bearish candlestick. Today's direction is volatile and bearish, a key point for the day1944. If we retreat from yesterday's high point and fall below it1944In the short term, it will tend to decline strongly; On the contrary, there is also a possibility of rising again1968Nearby possibility, judging from the current trend, falls below1944The probability is relatively high. In terms of indicators,MA13Mean Square andMA21The moving averages have all turned downward and formed a dead cross, and for the short term, gold prices tend to fall along the moving averages. Reference support1944、1936; Reference resistance1957、1962。
　　
Intraday trading strategy:
　　
Empty order:1960Short and stop losses in nearby light positions1964, Objective1944、1936Near.
　　
Multiple orders:1950Short and stop losses in nearby light positions1945, Objective1958、1962Near.
　　
[The above opinions and suggestions are for reference only, and trading risks are borne by oneself based on them. Specific orders are made according to real-time market conditions and guidance from He Qin.]
　　
(In need of spot gold)foreign exchangeFor guidance, please add Teacher He Qin on WeChat:hq99937）
　　
Silver（SILVER）：
　　
　　2020year9month16Daily silver trend chart

　　

As shown in the above figure, compared to gold, the trend of silver is more clear. Currently, silver is at a low point25.83Starting from1The hourly upward trend has changed last week, and yesterday it overshadowed the previous high point27.48. Yesterday's highest rise was to27.61As mentioned in yesterday's article27.58The nearby bearish range, if currently held, can still be retained, and there is a high probability of a decline within the day26.86-26.66Interval. In terms of indicators,MA13Mean Square andMA21The moving average has formed a dead cross,MA72The moving average is flat, judging from the perspective of indicators, it tends to be bearish in the short term. It is recommended that investors use yesterday's high as a stop loss and try to layout short positions near the resistance of the moving average. Reference resistance27.36、27.61; Reference support26.86、26.66。
　　
Intraday trading strategy:
　　
Empty order:27.36Attempt to short and stop loss nearby27.62, Objective26.86、26.66Near.
　　
[The above opinions and suggestions are for reference only, and trading risks are borne by oneself based on them. Specific orders are made according to real-time market conditions and guidance from He Qin.]
　　
If you need guidance on spot gold and foreign exchange, you can add Teacher He Qin on WeChat:hq99937）
　　
3、 Message surface:
　　
　　1、14:00  britain8monthCPIMonthly rate of retail price index
　　
　　2、17:00  eurozone7Monthly adjusted trade account
　　
　　3、20:30  U.S.A8Monthly retail sales rate
　　
　　4、20:30  Canada8monthCPIMonthly rate
　　
　　5、22:00  U.S.A7Monthly commercial inventory rate
　　
　　6、22:00  U.S.A9monthNAHBReal Estate Market Index
　　
　　7The next day02:00  Federal ReserveFOMCAnnounce interest rate resolutions and policy statements
　　
　　8The next day02:30  Federal Reserve Chairman Powell Holds a Press Conference
　　
　　9Waiting for set  OECD updateG20Economic Outlook
　　
Establishing the Correct Trading Concept to Solve the Troubles of Gold Investment Losses
　　
Why do you always lose money when investing in gold among many investors? He Qin believes that among most people who lose money, the number of times they make money is greater than the number of times they lose money. However, because making money often involves making small amounts of money, losing money often involves losing large amounts of money. One loss offsets many profitable transactions, which means that the final loss is often caused by one or two large losses, which is the main reason for most people's losses. The reason for the big loss is that after the loss, they don't admit their mistakes in a timely manner, carry it on to the end, and even constantly increase and spread it out, blindly locking in positions! In the end, the loss reached an irreparable point. Therefore, not afraid of mistakes, just afraid of procrastination. Delaying and admitting mistakes is the root cause of losses, and timely admitting mistakes can help oneself get rid of passivity. This is an important aspect of successful trading psychology.
　　
What is investment? What is the meaning, do you really know? Investment is the pursuit of a situation with infinite potential under controllable risk. What is controllable risk? It means that you deeply know in your heart what the maximum loss you can bear from this attempt. Understanding this truth, even if you fall behind, you can still retreat completely, and from now on, you can occupy an active position in any market, without letting the market exploit you! Always avoid the occurrence of significant losses, and when the opportunity you are waiting for truly arises, you will be able to rise up against the wind.
　　He Qin (guidance)VLetter:hq99937）More than ten years of technical analysis and judgment on short-term details. The central line is the main focus, and the short line is the auxiliary. I have in-depth and unique insights into major global financial markets such as the foreign exchange market, gold market, oil market, stock market, and bond market. This article was written by He Qin, who carefully wrote every analysis and conveyed valuable investment concepts. I hope the price is worth it, and the value is worth it; Due to the delayed nature of the article strategy; Consultation with He Qin Obtain the latest real-time market analysis.