Chen Yibo:4.6Analysis and Solution of the Latest Market Strategy for Gold

The market is not the real world, it is composed of the minds of all participants, and investors enter with bias. When bias generates interactive influence among the investor community, it will generate a herd effect. The market is a result that goes beyond everyone's understanding, and no one can accurately predict the market. Prejudice is the driving force of the market. Without being bearish or bullish, how can there be daily ups and downs in the market? Essentially, there would be no market. So, prejudice (human emotions) is not only the driving force of the market, but also the fundamental existence of the market! In this way, it is easy for us to understand that in the market, there are both bullish and bearish groups competing. Regardless of the system, those who make profits will inevitably have those who make losses. And what we need to do is not to let prejudice affect our objective view of the market. If a friend is afraid to take action on their own because they are not sure about the market, Bo is your best guide! I, Chen Yibo, have been here all along, but if you don't even reach out, how can I help you?




goldMessage analysis: Gold prices fell on Monday and spot gold closed at1728Near the US dollar, hopes for a rapid economic recovery after the US released strong employment and service sector data boosted the US stock market, but a weaker US dollar limited the decline in gold prices. The rise of the stock market weakens the attractiveness of gold, with S&P500The index and the Dow Jones Industrial Average hit record highs as more vaccinations and fewer business restrictions contributed to the recovery of the labor market, as previous data showed that the United States3The monthly increase in non agricultural employment positions is the highest in seven months; Meanwhile, the United StatesISMThe service industry index has surged to a historic high, enhancing market confidence in the recovery of the US economy from the impact of the pandemic. US President Biden announced on Wednesday that the long-awaited2The trillion dollar employment plan has sparked inflation concerns; Investors are weighing the balance between better than expected US employment data and a weak US dollar, closely monitoring the minutes of the Federal Reserve's last policy meeting to be released on Wednesday; Currently, the market is generally optimistic about the recovery of the US economy, and technically speaking, the strong US stock market has created a difficult environment for gold. However, as markets in Europe, Australia, Chinese Mainland and Hong Kong were closed on Monday due to holidays, gold trading volume remained low.

Analysis of the technical aspects of gold: From a daily perspective: low volatility; Last week, the gold price was1677After gaining support nearby, it quickly rebounds and tends towards a "double bottom" in morphology,KDJGolden fork,MACDThe golden fork continues, if it can withstand3month18Daily high point1755.49Nearby resistance can preliminarily confirm the "double bottom" and increase the bullish signal in the future; Short term words3month26Daily high point1736.77and3month25Daily high point1745.52There are also some resistance nearby. Below10The daily moving average is supported by1722.09Nearby,5The daily moving average is supported by1712.13Nearby, if the support is lost, it weakens the short-term bullish signal; Strong support in1700If the support is further missed near the integer level, a short-term bearish signal will be added. Chen Yibo Cong4From an hourly perspective:VType reversal; becauseMACDThe Golden Cross signal is still present, and there is still a possibility of further testing the resistance on the Bollinger Line in the near future. Currently, this resistance is1741.75Nearby, if the resistance is strongly breached, it will increase the bullish signal in the future. However, the current gold price is1730The dense trading area above encountered resistance,KDJPreliminary dead end, short-term gold prices are facing a pullback risk, pay attention1715.35Nearby support, if it falls below this position, will increase the short-term bearish signal. Furthermore, this time at1706Nearby. Bollinger Line Track1776.23-1741.75The breakthrough situation in the region will provide direction for the central line trend of gold. Overall, Chen Yibo suggested that the main focus of today's operations be to fall back and go long, with the top following1735-1740One line of resistance, pay attention below1720-1715First line support, followed by1700support level
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