Li Wanxi:9month7Spot gold breaks through1340Frontline, future bulls continue to rise

Li Wanxi:9month7goods in stockgoldbreak through1340Frontline, future bulls continue to rise

At present, gold has broken through multiple resistance levels in a row and successfully reached the upper limit1340dollar/The ounce line has further established an upward trend. Based on recently released US data,9Monthly interest rate hikes are already unlikely, and gold is supported in the short term. But Li Wanxi's prestigejs6486It has always been emphasized that whether to raise interest rates within the year is still highly concerned by the market, so the release of new US data and the remarks of Federal Reserve officials should continue to be monitored. The market has been preparing for a whole year of interest rate hikes, especially before6I had high hopes for the month, but now I am looking towards it12Month. Like last year, the Federal Reserve is facing a challenge“9Month or12The dilemma of the moon.2015Year and2016The year is very different: last year8The depreciation of the Chinese yuan in the month has intensified international risks, and this year's US presidential election is imminent. However, there are still many similarities between the economic environment in which the Federal Reserve approached interest rate hikes and last year.

Last trading day, gold prices recorded a large bullish candlestick, which is the fourth consecutive bullish candlestick on the daily chart. The Bollinger Bands have opened their mouths, and currently, gold prices have successfully stood on the middle track of the Bollinger Bands. As Wan Xi mentioned yesterday, if the gold price stabilizes on the middle track of the Bollinger Bands, then our thinking should also change. The next step is to see the breakthrough of the upper track, the moving averageMA5Upper dressingMA10The golden cross forms support below the gold price, as shown in the attached imageMACDBilinear in0The golden cross below the axis is pointing upwards, and the red energy column begins to release energy.4In the hour, the opening of the Bollinger Bands is upward, and gold prices are currently trading in a volatile manner near the upper track of the Bollinger Bands. All moving average indicators are running upwards, as shown in the attached figureMACDThe double line golden cross continues to rise, and the red energy column continues to increase in volume;Overall, gold is still mainly on the rise during the day, but the current increase is too strong and requires a certain degree of correction to stabilize. In terms of intraday gold operations, the author suggests focusing on low and long positions.

Suggestions for the operation of the gold section:

　　1Lower fall1342-1340Long on the front line, stop loss at1337Below, look at the target above1348Near.

　　2First touch above1350Short nearby, stop loss placed on1353Above, look down at the target1345Just nearby.

　　3If it breaks down1337Waiting1330-1332Keep going nearby, stop loss at1326Below, look at the target above1340-1345frontline.

Today's Key Financial Data and Events2016year9month7Day Wednesday

　　①09:30Australia Q2GDPthe annual rate

　　②14:00Germany7Monthly industrial output rate after quarterly adjustment

　　③14:45France7Monthly trade account

　　④15:30britain8monthHalifaxMonthly rate of housing price index after quarterly adjustment

　　⑤16:00China8monthforeign exchangereserve

　　⑥16:30britain7Monthly industrial output rate, UK7Monthly manufacturing output rate

⑦22:00Bank of Canada announces interest rate resolution and policy statement

⑧ The next day(Time to be determined)EIAPublish monthly short-term energy outlook report

⑨ The next day02:00The Federal Reserve releases its economic brown book

⑩ The next day04:30From the United States to9month2Day and WeekAPIcrude oilstock

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