Qi Xinyun: What does the sudden drop in gold mean? Will gold rise? This is how to solve the problem of multiple duvet covers

Qi Xinyun:goldWhat does a sudden drop mean? Will gold rise? This is how to solve the problem of multiple duvet covers
　　
Missing the beauty that comes with regret, but forgetting the pain of pursuit. When you can't even find a reason to persist, holding a bill is even more uncomfortable than carrying a gun. The market is not a place for the elderly to earn money from newcomers, it is clearly a place where people understand how to make money from confused people. It is not about the early or late time you enter the market, but about the more or less you suddenly realize!

　　

　Why did the price of gold suddenly plummet?
　　
　　Optimistic news from China US trade: China agrees to phase out tariffs in stages
　　
Thursday Beijing Time(11month7day)The latest important news on China US trade has come, with optimistic comments suppressing market demand for safe haven. Gold prices have plummeted, and the US dollar/safe haven yen climbed to a over five month high on Thursday. At the same time, the improvement in risk sentiment has also helped trade sensitive currencies such as the Australian dollar and New Zealand dollar rise.
　　
　　11month7On the same day, the spokesperson for the Ministry of Commerce, Gao Feng, stated at a regular press conference that if China and the United States reach the first phase of an agreement, they should cancel the additional tariffs at an equal rate in accordance with the content of the agreement, which is an important condition for reaching an agreement.
　　
In the past two weeks, the leaders of both sides have had serious and constructive discussions on properly addressing their core concerns, and have agreed to phase out the imposition of tariffs as the agreement progresses. This approach is beneficial for stabilizing market expectations, benefiting the economies of China, the United States, and the world, as well as producers and consumers.

　　

　　The Bank of England announces that interest rates will remain unchanged, and two committee members unexpectedly support a rate cut
　　
Thursday local time(11month7day)The Bank of England announces the maintenance of interest rates at0.75%It remains unchanged and meets market expectations, but two committee members unexpectedly voted in favor of a rate cut. After news of two members of the Bank of England supporting interest rate cuts was released, the pound/The US dollar plummeted in the short term and briefly fell below1.28Pass, lowest touch1.2792. Because of the pound/The US dollar experienced a greater sell-off, exacerbating its decline. The sharp drop in the pound will to some extent drive up the US dollar, and international gold denominated in US dollars will continue to decline under pressure.
　　
　　Summary:The decline of gold last night was also expected by the author. Throughout the day, I emphasized the importance of rebounding and short selling. The so-called technical and news aspects complement each other. Many people say that the market on the news side is not easy to grasp, but the news only cooperates with the technical side. Last night, the 11 o'clock hour line was hit by a shooting star pattern, which is a clear bearish signal. Therefore, as long as you short, you are picking up money in the market, which is so firm!

　　

　Gold plummets30Will it still fall after the dot?
　　
Optimistic news on the international trade situation, the US stock market hitting a new historical high, globalstock market indexSetting a new high in the past two years, suppressing the safe haven demand for gold; In addition, the US dollar index broke through98Important resistance at integer level, short-term bias towards bulls; Nearest Real Numbers1480Important support, significant increase in short-term downside risk. We also need to focus on the international trade situation; Global stock market performance; Speech by Federal Reserve officials; United States11Initial value of the monthly University of Michigan Consumer Confidence Index; Of course, after each sharp drop, there will always be a short-term correction, and the overall trend is still bearish. Our approach remains unchanged, and we will short every high!
　　
　　Gold suddenly plummeted1480What about multiple duvet covers?
　　
　　1、1480As a point of resistance in the early stages of the top to bottom transition, many people rely on this point to go long without any problems. Currently/The positioning of the set is not too severe,Because after a significant decline last night, it is highly likely that there will be an oversold rebound today, and now it is close to the support area. Even those with light positions can remain at low levels65Add some positions below, lower the average price, and wait for gold to rebound70-74Depart nearby, so the losses can be basically recovered

　　

　　2On1490Up by/A friend who sets,Currently being/Even if it's over20Firstly, what we should consider is that our position can withstand the risk of further decline in gold. Xinyun suggests reducing our position first to avoid being forced to balanceIf our capital can withstand it, we can also choose to replenish our positions at a low level and wait for a rebound74-80Nearby, considering leaving the field, one of our important concerns is whether we can regain stability80If the position is stable, the rebound force will continue to expand.
　　
　　3、1500Above by/I believe most of the friends who have been trapped are already locked, as long as they don't break in the short term1460The support of the market is based on a large range of fluctuations, and if it can close today1480Only when there is an empty order can there be a solution/The opportunity to set,Otherwise, we will have to bear the risk of a downturn, and the only way to resolve the situation is to rely on this week's closing situation. Due to the different positions and positions of the hedging orders, the market situation also changes in real time. We suggest that you unlock the hedging in real time according to the specific market situation.What the teacher has here is just a basic idea. The most perfect solution still needs to be customized one-on-one by individuals. Additionally, it is recommended that novice friends operate with stop loss and stop profit, and stay away from the set.Single.

　　

In the vast sea of people, meeting is a kind of fate, and seeing my article may be another kind of fate. If you are a beginner who doesn't understand anything, then I hope I can help you. If you are an investor who has already started, then I hope I can discuss and exchange with you, and share my experience. As the saying goes, three stinky cobblers make a fool of Zhuge Liang. Not everyone can succeed on their own. In the vast sea, one person is like a small boat that cannot withstand wind and rain, and two people are like a yacht that fears big winds and waves. So, three people are like a luxurious cruise ship that shuttles through the ocean without any obstacles.


Editor in charge: Qi Xinyun{Britain}+3356\Official WeChat accountqxy3356

　

Author's suggestion: Technology is the foundation of survival, and teaching people to fish is not as good as teaching them to fish. The true charm of investment is to be small and broad, and holding onto a certain profit is the foundation of financial management!
　　
Writing time:2019.11.8