Shan Chenjin: Gold maintains its intraday view and can remain empty in the end of the day

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Shan Chenjin:goldMaintain intraday views unchanged, and the end of the day can still be empty


Last night, US President Trump tweeted that he had an "absolute right" to pardon himself! This is also the first time in American history that a president has publicly announced his immunity! Not only is the White House shrouded, but the entire United States is in a constitutional crisis because no president has ever boldly stated that laws and traditions do not apply to themselves. Once Trump truly pardons himself, he will be immediately impeached!

At the time of publicly declaring absolute power to pardon oneself, the global trade tension initiated by the Trump administration is also intensifying! After Canada, Mexico has also taken retaliatory measures today, and the European Union announced yesterday that it may take stronger retaliatory measures! At the brink of a global trade war, top investment bank Goldman Sachs recently wrote an article warning that if Trump wants to win the war, financial markets must collapse.

In recent times, the gold market has not experienced much amplitude, as it has been stuck in an awkward position between the timing and the market itself. front1365-1356-1326-1308The downward pressure on the channel has disrupted the previous pattern due to long-term interval consolidation, but there has been no significant rebound in the market, as the overall situation is still in a weak position. In terms of timing, there is a high probability that the second interest rate hike within the year is about to come. Regardless of the historical repetition of the news of selling and buying interest rates, or the dominance of the market by its own data, it is likely that gold will not experience a significant rebound before the news, while maintaining a weak main rhythm.


Overall, as long as it doesn't break this week1300Gold maintains a weak mentality, but as for the downward decline, we need to take a step-by-step look. Another issue is that the market is weak but not extremely weak, which is not suitable for aggressive short selling. For example, yesterday's Asian session fell, the European session hit a bottom in the afternoon and rebounded with a broken positive, and the late and midnight session fell with a broken negative. Short selling is definitely not feasible, and a rebound short selling is right. So last night, we1297Nearby Bukong, currently in place1291-1290Near.


On Tuesday, gold seemed to have little volatility again, as we mentioned in today's post analysis. The market is in the final stage of technical fluctuations and falls, with limited space below, and the fundamentals are about to usher in6The Federal Reserve's interest rate hike in January led to a sustained narrow consolidation in the market. Last week all week14-16The US dollar fluctuated, with multiple small-scale spindles on the daily line, including Tuesday's roller coaster cross star. So our view on the market before the Federal Reserve's interest rate hike has always been this: the overall main rhythm is fluctuating and falling, weak, bearish, but do not aggressively chase short, after all, it is not an extremely weak bearish trend. Another thing is to focus on the range, with the upper part repeatedly rising last week1306-1308Pressure does not break but runs weakly. The key pressure this week is1296-1300Not broken or weak. Gradiently fluctuating downward trend. Last week around1306-1296Repeatedly organizing, so far this week, it seems that the range is1298-1287Nearby. Overall, the volatility in the early days of the Asian European and US markets was small, but our views remain unchanged. Therefore, we will continue to focus on the end of the day1295-1296Short selling under pressure, breaking1301Stop loss, take a look below1289-1287。


Why can't you hold onto the profit order while I can?


1.The overall structure and framework of the market are not clear, and there is no overall prediction and thinking to follow the market. So I don't know the direction of the future development of the market, so when the market falls, I am bearish, and when it rises, I am bullish, and my thinking is constantly changing. Simply put, it's just that the strength is not enough, and without a particularly clear teacher's guidance, it's natural that if there are slight fluctuations, you won't be able to hold onto the order.


2.The position is too large and there is no good awareness of fund management.


Heavy warehouse, full warehouse, I'm afraid no one can hold onto the order unless you don't care about the outcome, don't care about the money, only care about the process of stimulation. Learn to have a good risk control awareness, control positions well, and not exceed10-15%, general5-8%Strict stop loss measures for light positions will gradually improve everyone's mentality.


3.flighty and impetuous.


Don't make an order, enter in a hurry, make an order, exit in a hurry. If you stare at the market, you won't move your eyes. If you short, you want the market to fall, and if you do too much, you want the market to rise immediately. All profits and wealth depend on time to accumulate.

Everyone will have moments of instability. When the support for rising or breaking, they will pursue the rise, and when the resistance is broken, they will kill the fall. It is not clear which is right or wrong, and everyone knows that capital preservation is the best option. However, we are not here to play in this market. Profitability is my goal, your goal, and the goal of the entire market. It's not difficult to break even and make a comeback. Timely stopping losses and profits is the test of people's hearts, but the joy of stopping profits cannot outweigh the heartache of stopping losses. Simply put, it is the greed of human nature. So your thinking is your direction, and if you mess up your thinking, you have already handed over the direction of your funds to market manipulation.


Author of this article: Shan Chenjin


Author's Message: A broad view and appointment, thick accumulation and thin hair!


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The above content is for reference only. Investment carries risks and caution is required when entering the market.