Guide Metallographer:4.19Today's gold trend analysis is a precursor to gold falling into volatility!

　　goldMessage interpretation:


Yesterday's announcement of China's economic performance showed that the country has started well this year, with preliminary calculations showing the first quarter's gross domestic product284997100 million yuan, calculated at constant prices, with year-on-year growth4.5%, better than expected4%, month on month growth compared to the fourth quarter of last year2.2%。


From the perspective of industries, the added value of the primary industry11575100 million yuan, year-on-year growth3.7%; Value added of the secondary industry107947Billion yuan, growth3.3%; Value added of the tertiary industry165475Billion yuan, growth5.4%。


The urban unemployment rate has also fallen back to5.3%Overall, in the first quarter, as the epidemic prevention and control entered a near stage, various policies and measures to stabilize growth, employment, and prices took the lead, and the national economy stabilized and rebounded, with a good start. However, it should also be noted that the international environment remains complex and ever-changing, with obvious constraints from insufficient domestic demand and an unstable foundation for economic recovery. Especially when many voices of "deflation" begin to emerge, looking at only one month's data cannot be considered as deflation, it needs to be continuous at least3--4Only a month's decrease in demand and prices can be considered.


The economy is unstable, and in the future we may see more stimulus measures introduced, such as interest rate cuts, which can be a potential positive for commodity prices.


Today's Gold Data:


　　14:00britain2Three months in a monthILOunemployment rate


　　14:00britain3Monthly unemployment rate


　　14:00britain3Number of applicants for monthly unemployment benefits


　　17:00Germany4monthZEWEconomic Sentiment Index


　　17:00eurozone4monthZEWEconomic Sentiment Index


　　17:00eurozone2Monthly adjusted trade account


　　20:30Canada3monthCPIMonthly rate


　　20:30U.S.A3Total monthly construction permits


　　20:30U.S.A3Annualized total monthly construction of new houses


Technical analysis of gold:


The weekly chart is more obvious, with the triple tops all at short-term highs. After the tops appear, they should be corrected for fluctuations and fall back. However, the current trend happens to touch the shadow line of the previous high position, so whether to continue the downward trend after the current sharp drop is crucial. Pay attention to the high position of yesterday's rebound in the day, and secondly, if it cannot effectively rebound, continue to look for a downward trend.


Gold Yesterday's Daily Cross Small YinKThe close of the trading line is currently only a correction, combined with the short-term strong rebound of the US dollar, which limits the rise of gold prices and has been partially corrected through backtracking. Since it is a callback correction, the space can be deep or shallow. It depends on whether it is a strong correction or a weak correction.4The hourly chart shows a second correction, but its persistence is not strong, and the closing price remains stable at1981Above the low point. Make today's bulls face choices. It's in the1981Will the upper level stabilize and rebound, or will it break down1981.。 If it breaks down, it will further deepen the adjustment space and fall down, while if it stabilizes, it will rebound and regain lost ground. The strength of the Asian market is not obvious. You can place the operating point behind the European market and temporarily pay attention to yesterday's range in the short term2015-1981The breakthrough between them continues. The key point in the morning is to continue to rebound if there is no decline. If there is no effective decline around the afternoon of the day, you can directly follow the trend and continue to look up. If there is a continuous decline, the market is making adjustments!


Two points need to be noted now. Firstly, the confirmation of bearish positions in the large cycle daily chart is currently moving towards an insert downward trend. Secondly, there is a serious deviation from the four hour decline. Today, we will continue to focus on the second line, accelerating the downward trend and not breaking it1980It will form a triple bottom to correct. However, there has not been a weak bullish signal yet, just a deviation in the indicators. Therefore, we need to closely monitor short-term changes, as this signal can easily lead to a sub peak level market trend in the daily chart. Overall, in today's gold short-term operation guidelines, gold analysts suggest a pullback and long selling as the main approach, supplemented by a rebound and short selling, with a focus on short-term trading above2010-2015Frontline resistance, short-term focus below1990-1988Frontline support, friends must keep up with the rhythm.


　　4.18Reference for Golden Operation Strategy:


Empty order strategy:


Strategy 1: Gold rebounds2010-2015Short (buy down) 2/10 positions in batches nearby, stop loss6Points, target2000-1995Nearby, break down and take a look1990frontline; (Suggested for reference only, investment carries risks, and caution is required when entering the market!)


Multiple order strategy:


Strategy 2: Gold Callback1990-1993Nearby batch long (buy up) 2/10 positions, stop loss6Points, target2005-2010Nearby, break down and take a look2015frontline; (Suggested for reference only, investment carries risks, and caution is required when entering the market!)