Shan Chenjin:10.29Gold should pay attention to suppressing the area, but it will fall on Friday and continue to remain empty today

Shan Chenjin:10.29goldPay attention to the suppression area. It will fall on Friday and continue to remain empty today
　　
A common misconception and phenomenon in the trading process is that during long-term consolidation of the market, everyone likes to chase up and kill down, because they are eager to create trend trends. After all, the repeated washing of the market is not easy to follow, as the strength and weakness of the long and short positions do not continue. People expect the market to break through the trend and show their skills, but often the key positions of the market are broken and do not continue, and the big positive and big negative are meaningless. Therefore, the consequences of chasing up and killing down are to go long to the highest point, short to the lowest point, and be passive everywhere. When the real trend market comes out, most traders start to guess the top and bottom again, doubting the trend and not daring to follow it. Another counter trend operation that everyone wants to eat anytime,Such trading ideas may occasionally make a lucky profit, but most of them end in tragedy. For more information, follow the official account Shan Chenjin,At the same time, we welcome everyone to add orders to Chenjinweiscj366Communication and exchange.
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Monday(10month29day)In the early trading session of the Asian market, the US dollar index remained basically stable, while spot gold remained at1230dollar/Above ounces. This week, investors will receive many heavyweight economic data, including Friday's closely watched non farm report. On Monday, investors will be baptized by key data. On Monday night, Beijing time, in the United StatesPCEInflation data will be released, which is also the most important indicator of the Federal Reserve. It is expected that the performance of the data will have a significant impact on the short-term trend of assets such as the US dollar and gold.
　　
According to foreign media surveys, the United States9Monthly personal consumption expenditure(PCE)Price index expected to rise at an annual rate2.0%The previous value is an increase2.2%； corePCEPrice index expected to rise at an annual rate2.0%Last month was an increase2.0%。 corePCEThe annual rate of the price index is the Federal Reserve's favorite inflation indicator and has a significant impact on interest rate decisions. The Federal Reserve's inflation target is2%。 becausePCEThe index is a favored inflation indicator by the Federal Reserve, and any signs that it may slow down could put the Fed's plan to continue raising interest rates to a halt. If the data performance exceeds expectations, it will increase the expectation of the Federal Reserve raising interest rates again within the year, which is expected to drive a rebound in the US dollar and put pressure on gold prices.
　　
On Friday evening, multiple orders stabilized their harvests again. As mentioned earlier, the European market rose to break the previous day's high, while the US market retreated to see new highs in the long run. Note that there are two details inside:1Although the strength of the pullback increased on Friday, on the eve of the US market, the pullback was long but the magnitude was significant. Why? This is still a oscillation, only by oscillation will it return to its original position and rise.2In the early morning, how to view the current trend. In fact, when dealing, it is important to grasp the details inside:
　　
　　1The usual trend of early morning decline is bound to continue the next day.
　　
　　2Price from1232Rising, continue to fight back in the early morning1232, basically belonging toVThis type of signal is difficult to break high. As is often said, the strength of the pullback determines the driving force for later continuation.
　　
　　3The standard for breaking through the previous high point is that the price must be above the previous high point and there has been a continuous upward trend, but now it is clearly only breaking through the previous high point and closing down.
　　
　　4It is still a range, and it seems that the price is moving very happily, but the closing price always rises and falls, and it is still fluctuating within the range.
　　
　　5If the continuity of the trend is obviously not enough, then it must not be regarded as a bull. On the one hand, the rebound strength is small, and it belongs to short correction. On the other hand, if the continuity is poor, it can be determined that it is not a bull direction, but a fluctuating upward trend.
　　


Don't treat it as a bull today. Oscillation or oscillation, the range remains unchanged. I often talk about the early morning drop, and today it still fluctuates and retreats. And short positions are often mentioned in our blog posts, so if you don't know, you can ask me. So, the high point in the early morning1236Nearby, this is a short position. At the same time, it is necessary to provide reference and attention for the low point support in the early stage during the oscillation. Therefore, in terms of transactions:1235.5Loss1241, Objective1227-8frontline. Below1225-6Many lines, broken1220Loss1232frontline.
　　
There are no unsuccessful investments, only unsuccessful operations. yescrude oil/gold/Friends who are interested in investing in precious metals such as silver but cannot get started or are already in contact but not ideal are welcome to follow Shan Chenjin for daily market trend analysis and trading strategy guidance; In addition, if you have a set of orders, lock orders, or cannot keep up with the market pace, cannot control your emotions, do not understand position management and fund management, risk control, technical analysis, or even those who do not have much time to read the market, you can come to us! We have professional professionals and excellent teams to serve you and escort you all the way! For more information, follow the official account Shan Chenjin,At the same time, we welcome everyone to add orders to Chenjinweiscj366Communication and exchange.


　　


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