Golden Monthly Weekly Review:5.1Has the gold bulls dried up? Gold next week's trend exercise...

Happy Labor Day, everyone! Life is always about making choices and waiting for results. The road cannot be smooth sailing, there will always be obstacles, and mediocrity is not the goal that everyone pursues. The investment market is also the same, it cannot be smooth sailing, and windfall profits are everyone's dream, but there are always various temptations and traps along the way. Accustomed to unilateral behavior, one is always stifled by shocks and washes, which is the law of the market. In the face of life, we are making choices. Difficulties cannot be overcome, detours can be avoided, and rivers cannot be crossed. We always need to resort to other methods, and the market is also the same. Don't blindly pursue operation. Some market trends, you can see profits, but you may not necessarily be able to obtain profits. The best trading method is to do what you can understand.

Interpretation4monthgoldFactors of income increase

gold4The month has finally improved, but the upward momentum is insufficient, and the short-term trend is still intertwined. However, looking at the amplification cycle, spot gold has been in decline since the beginning of the month1700Near the checkpoint, it went up all the way and at one point rose to1798Linear approximation1800Da Guan, although there is clearly insufficient upward momentum in the second half of the month, has now fallen back to1770Nearby, but the monthly line is finally separated by time3After six months, it resumed its upward trend and terminated the previous one3Lianyin,4The golden month line is closed with a shadow line and a positive line.4The rebound of monthly gold is largely attributed to the weakening of US dollar and US bond yields.

In the first quarter of this year, the turmoil in the US bond market caused riots in various global markets, and4In the month, the rise in US bond yields has stalled, and most of the time it has been1.70%Wandering below; As for the US dollar index, it has reversed its upward trend and completely recouped last month's gains by breaking out of a unilateral decline,4Moon has fallen below93、92、91Three levels, mainly due to4Monthly risk sentiment has fully returned. However, on the last day, the US Index stabilized at91Above the gate.

In addition, the global anti epidemic situation has deteriorated again, boosting the safe haven low of precious metals. However, the overall significant improvement in US economic data and the increasing stimulus measures taken by US President Biden have led to10The yield of one-year US Treasury bonds remains relatively high, and the reason for the Federal Reserve to continue its loose policy is becoming increasingly weak, which limits the strength of gold price rebound.

Gold Market Analysis

Before the end of this week's weekly line4Lianyang draws a small Yin line with an upper shadow line longer than the lower shadow line, while the daily line draws a longer Yin line with a lower shadow line. This Friday's market is in a small range as the previous trading day showed a broad fluctuation and washing pattern, and the high and low levels of the market have already reached the edge band of the fluctuation and retreat market structure1773-1764Internal oscillation and consolidation.

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Especially on Thursday night, the low post was already pierced1760Belt to1756Nearby. Although, in the end, the market held on1760The position has maintained short-term structural adjustments, but this kind of trap risk always exists. Since the opening of the market on Friday, the market has continued this pressure consolidation trend, and both the long and short sides are in a tug of war. At this point, the short-term high and low positions remain unchanged, and there is a constant risk of structural piercing.

The high level of gold fluctuates sideways, and next week's data week is likely to choose the direction of the market. From the perspective of market structure, gold prices are still in a long and short swing, with no clear direction. Overall, they are still fluctuating within the range. Pay attention to these two points in the following market trends:

1The primary suppression of the upward trend in gold prices is1773-1775Area and1777Nearby, followed by1780-1781Area; The gold price has only broken through1781Only by suppressing can we test it1785-1786Suppression and1790Pass, once we break through again in the future1790Accelerate the rise and step out of the sustained upward trend;

2The primary support for the downward trend of gold prices is1765-1764Region, followed by1762-1760Area, defensive line in1756-1755In the region, as long as the gold price stabilizes and bottoms out in the near future, it is expected to hit the bottom again, and it can still emerge from the mid-term upward trend in the later stage; If we break through the defense line, we will search for it1748-1744Area and1733-1730Area;

Golden Operation Suggestions

1Gold falling back1765-1764Area,1762-1760Long by region in batches, stop loss1754Next, let's take a look at the target first1773-1775-1777Area, look up1780-1781Regional gains and losses, continue to hold and see if there is a break1785-1786Area and1790Pass suppression,

2If the rebound in gold prices is still hindered1773-1775/77Area and1781-1780Near the area, lay out empty orders and look towards1765-1762/60Area and1756-1755Defensive area, break hold

Disclaimer:The analysis in the article is based on the current market situation to make reasonable and appropriate judgments. The above content is for reference only and does not constitute any guidance. Entering the market is risky, and investment needs to be rational!

Article Writing:This article is written and published by Tan Xinsheng. If reprinted, please indicate the source.

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