Jinrong China: Conflicts in the direction of gold in different cycles, with a focus on1878and1884...

Fundamentals

　    Thursday(12month24day)Asian period, spotgoldSlightly up, trading in1877Nearby, gold price Wednesday(12month23day)rise0.65%to1872.89dollar/Ounces, as the US dollar weakens, investors are still pinning their hopes on the US economic stimulus plan, despite US President Trump threatening not to sign the rescue bill.
Overnight data worries outweigh joys, with consumer spending falling for the first time since April and personal income declining1.1%Although the number of initial claims for unemployment benefits has decreased, it is still at a high level. In addition, the Brexit negotiations have finally reached a trade agreement framework. These factors collectively drive up the price of gold. However, due to Trump's or refusal to sign the stimulus bill, this has added additional variables to the expectation of economic stimulus that has already been implemented, or may cause market optimism to subside. Investors need to closely monitor the subsequent fermentation of the event. Today, the gold price is likely to continue to maintain a volatile trend, and trading may become even more light.

There is no data available for the day. On Christmas Eve today, the trading of US metal and energy contracts was advanced to Beijing time12month25day02:45It's over, tomorrow Christmas is closed for one day.

Technical aspect

       4Looking at the hourly chart, with the bullish outlook for gold prices continuing to rise, gold prices are expected to hit the next target price level1914.00dollar/ounce. It should be noted that the gold price needs to be maintained at1858.00dollar/Above the ounce, continue to be bullish. estimate,1850.00dollar/Ounces and1885.00dollar/Ounces will respectively provide short-term support and resistance to gold prices.

      Golden HourkThe line is located above the middle rail of the Bollinger Belt, and the middle rail is strongly supportedkThe line has risen, but now it has broken through and risen. The Bollinger Belt track is clearly parallel upward, with no signs of turning a corner,45With an upward angle of degrees, continue to work all the way to the north, and the opening continues to increase. The bottom structure has been firmly built, and the double bottom is obvious,50The downward tilt of the moving average has been forcefully reversed into a flat, imminent upward tilt. The firmness of the bulls is evident, and the support of the moving average is evident. Upper resistance, during today's European plate test1878Location, previous day's high point1884Near.

Operational strategy

1878and1884Empty, stop loss1888Stop surplus1865-1850