Chen Jiazhe:Analysis of the latest market trend of gold's sharp rise and today's operational suggestions with short positions attached...

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　　goldLatest market analysis:

Analysis of Gold News: Tuesday(8month9day)International gold prices have slightly declined. Investors are waiting for the upcoming release of US inflation data to further clarify the outlook for the Federal Reserve's monetary policy. If inflation data unexpectedly weakens, it may help raise gold prices in the short term, but multiple factors still suppress bullish sentiment and limit further gold price increases. Analysts say, "Investors understand that both the US and global economies are facing significant challenges, but the focus is on the duration of the impact of interest rate hikes on the market. If the US7The unexpectedly weak monthly inflation data may become a catalyst for a significant surge in gold prices But strategists at Daoming Securities predict that the upward trend in gold prices will basically reverse, "although the market pricing is more inclined to..."9Monthly interest rate hike75A basis point, but it's not yet firmly established... at the Federal Reserve7The short covering that occurred after the monthly meeting may have lost momentum, especially in the context of strong economic data7The monthly non farm employment report quickly limited this upward trend. Self operated traders still hold a large number of long positions, and sustained strong economic data may be a catalyst for market correction. In this sense, we expect the recent rebound in gold prices to eventually subside Nevertheless, multiple factors may suppress bullish sentiment and limit further gold price increases. United States7The monthly non farm payroll report shows that the US economy increased far beyond expectations that month52.8Ten thousand job opportunities. In addition, higher than expected wage growth data indicates that it is difficult for the Federal Reserve to slow down the pace of interest rate hikes.

From a technical perspective, gold fluctuates and rises on a daily basis;MACDThe golden cross is operating well and has a tendency to break above the zero axis, with short-term moving averages diverging upwards and falling behind10Daily moving average1769.11Previously, gold prices tended to be bullish in the short term,55The daily moving average resistance is currently at1792.11Nearby, then1800Resistance near the checkpoint, and the resistance on the Bollinger Line's middle track is also near this position. If this resistance can be overcome, it will increase the short-term bullish signal, and gold prices are expected to move upward along the Bollinger Line's track. The middle line is expected to rise100Daily moving average and200The dual resistance of daily moving averages1842.6Nearby; In the short term,7month4Daily high point1814.16There is also some resistance nearby. Given that55The daily moving average is still suppressing gold prices, and not far above is the resistance on the Bollinger Bands,KDJSending a short-term overbought signal also requires caution against the possibility of gold prices returning to a downward trend,5The daily moving average support is currently at1780.90Nearby,10The daily moving average support is currently at1769.11Nearby, then1760Gateway support, strong support in7month8Daily high point1752.36Nearby, if it unexpectedly falls below that position, increase the bearish signal for the future market. Looking at the hourly chart, the gold price is retested1774-1768The confirmation of support for the US dollar range is effective, and the future market is expected to rise above the previous week's record7High point since the beginning of the month1795US dollars. If the upward attack fails, the market will retest in the future1770Near the US dollar and expected to further decline1762-1754The USD range. In summary, Chen Jiazhe suggested that gold's trading strategy for today should mainly focus on a pullback to the low position, supplemented by a rebound to the high position, with a focus on the upper level1805-1810Frontline resistance, short-term focus below1787-1782Frontline support. The article can only provide you with a temporary direction and ideas. As for the specific entry point and timing of settlement, please follow Chen Jiazhe's actual offer and it will be provided in real time.

Author's message:

The answer to all questions is never unique and unchanging. Whether the market is going up or down, you cannot control it yourself. Only by keeping up with the pulse of the market can you avoid being eliminated. The market cannot always go up or down, and what is certain is that it will always go right. Risk is an objective, inevitable, and under certain conditions, it also has certain regularity, so we should pay more attention to risk control in operation.

This article is provided by Chen Jiazhe. I interpret the world economic news, analyze the global investment trends, andcrude oilWe have conducted in-depth research on commodities such as gold, silver, etc. The above content is my personal suggestion. Due to the timeliness of online publications, it is for reference only and at our own risk. Please indicate the source for reprinting.