Li Wen Dianjin:9.8Will spot gold prices continue to fall next week? Analysis and operation of gold market opening next week

The financial market is fair to everyone. Since some people make money, others must also lose money. The most important thing about investing is not how much money you can earn in a week. The key is whether you can make stable profits in the long term, with short-term fluctuations, mid line bands, and long-term trends. There is no good or bad strategy, and as long as it is suitable for you, achieving stable profits is a good method, But there is really no shortcut to making a profit from investing, only to be like an ascetic monk, doing his homework diligently every day and accumulating diligently. Only by steadily grasping short-term returns on a daily basis can we go further on the investment path. Do not rush for quick success or profit, go against the trend, and compete with the market for long or short.

goldInformation analysis:

9month6The Japanese US dollar remained stable as Powell's optimistic comments and improved risk appetite offset the weaker than expected impact of the US non farm employment report; Commodity currencies generally rose. Gold prices have sharply declined, and intraday performance has been lackluster, with spot gold hitting a near two-week low1502.65dollar/Ounces, silver fell more than3%The rebound in market risk appetite has weakened the safe haven demand for precious metals. Oil price hit7The largest weekly increase since the beginning of the month, as concerns about economic recession eased, and the third consecutive week of decline in the number of drilling rigs in the United States also provided support for oil prices.

Gold trend analysis:

现货黄金连续第二周收跌。因经贸对峙降温，中国推出新的经济刺激措施，英国无协议脱欧预期下降，金价最终收低0.89%to1506.82dollar/Ounces. However, the overall long-term outlook for gold remains strong. The US manufacturing industry is shrinking, and the trade situation remains uncertain9It is reasonable for gold prices to experience a pullback before the Federal Reserve's interest rate decision in mid month.

Technically speaking, the daily chartMACDThe dead fork signal continues after the top deviation,KDJDead fork,KAt a relatively high level, there is a top signal of 'engulfment' and bearish bearish sentiment on the line. Gold prices fell short of the Bollinger Line's mid track in late trading, and touched briefly after the release of non agricultural data1527.99Falling back, but the signal of short-term peak still exists, Li.Wen Dianjin believes that the initial support below is at Friday's low point1502.65Nearby; Secondly1500Integer level, then8month22Daily low point1492.57Nearby, strong support on8month13Daily low point1480.00Nearby. Preliminary resistance above the middle track of the Bollinger Line1511.03Nearby, further resistance at intraday highs1527.99Nearby,5Daily moving average at1530.98Nearby,  If the position is recovered, the short line top signal will be weakened; Short line4hourMACDDead fork,KDJDead fork, slight opening of the Bollinger Line, short line, pay attention to the Bollinger Line track1503.28-1531.72Regional breakthroughs; Overall, the operational plan for next Monday is as follows: Li.Wen Dianjin personally suggests selling high with low slag;

Focus on resistance above:1511.03；1527.99；1533.88；

Pay attention to support below:1502.65；1500.00；1490.57；

Suggestions for Gold Operations:

1Rebound1527Stop loss without breaking short4US dollars, look at the target1522-1520；

2Callback1500Do not break long, stop loss4US dollars, look at the target1509-1511；

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Full guidance time: early7：00In the early morning of the next day2：00(It never stops on weekends and can be consulted at any time) Entering the market is risky, and investment needs to be cautious.

writing/Li Wen Dianjin

（非诚勿扰！招商勿扰！）