Dan Chenjin: Gold Falls As Expected35Air Single Precision Sniper! Can the US market continue to decline? Nine thousand supports!

This week（9month7day-9month13Japan welcomes two major central bank interest rate resolutions, the Bank of Canada and the European Central Bank, which may have a significant impact on the European Central Bank's policy. European Central Bank officials not only face the situation of the euro strengthening to a two-year high, but also need to deal with the driving factor behind it - the Federal Reserve's cyclical tolerance for accelerated inflation, which is also a policy that the European Central Bank needs to emulate. The UK side stated that the EU must be aware that the UK is seriously considering Brexit through an Australian style trade relationship; The UK is ready for various Brexit scenarios, and we are not afraid. In terms of data, pay attention to China's trade and credit data.
　　
　　goldThe recent rise and fall are mainly affected by the improvement of US economic data, and the low rebound of the US dollar index poses strong pressure on gold bulls; At the same time, the three major indexes in the United States have fallen from high levels, and insufficient liquidity has once again troubled the market. Last Tuesday, bullish gold stopped trading2000Great level, highest1992On the front line, gold forms here2015The subsequent second highest point indicates that2000and1948The pressure in the nearby gateway area is enormous; There are two strong obstacles that must be overcome in order for bulls to rise in the future market.

　　9.8Analysis of the Major Trends in the Gold Aftermarket:
　　
Gold from1993Position drops to1916On the front line, there is a clear downward band, and the rebound has been suppressed by the moving average. Above1942The position is also a dividing line between long and short positions, and without breaking through, there is only one possibility for gold to ultimately fall! From the daily trend, gold is still in a volatile trend, while the high point of rebound is continuously decreasing, and the bottom is temporarily below1910Strong support in position, only after breaking through can it continue to decline to1860Area!
　　
　　9.8Analysis of the technical aspects of gold in the US market:
　　
Analyzing the gold daily chart: Gold has maintained an overall trend in the near future1900-1950A wide range of oscillations; The Bollinger Bands track has a slight opening, and the gold price is under pressure below the middle track.MACDDead cross, but green column kinetic energy remains stable,KDJReorganize into a dead cross downwards, with an index located at50Below. From a technical perspective, gold materials are mainly weak in volatility. Recently, gold has been under continuous pressure and has continued to fall below the lower limit1915-1900Key support range, single morning gold is expected to accelerate its decline tonight.

Gold4Analyzing from an hourly perspective: oscillating and falling; The three tracks of the Bollinger Bands are slightly downward, with gold prices hovering between the middle and lower tracks of the Bollinger Bands.MACDThe adhesive and green column have weak kinetic energy,KDJDead cross flattening, index below50Below. From a technical perspective, the short-term bearish sentiment towards gold has increased. Currently, it has dropped to1916The support position of the region, the market is temporarily in a state of support1910-1935Narrow range operation within the region, volatile and bearish market trend, without breaking through1945Before the pressure, gold will not open up new bands, so we will continue to maintain a high-altitude mentality. For morning gold trading, it is recommended to focus on high-altitude and pay attention to the upper level1935Pressure, follow below1900Support.

　　9.8Short term operation suggestions for US gold stocks:
　　
Gold1928-1933Empty order entry, target view1910-1910First line, if the market stabilizes1900No matter how short it is, watch more!
　　
In this market game, the emphasis is on a process of learning and participating, as well as the results of long-term stable profits. Once a loss occurs, it is important to promptly identify the reasons behind it and ensure that the lost funds generate their value. I believe that with every transaction you make, it is easy to enter the market with reason and evidence, and strictly adhere to the rules of the market. Under the correct guidance, achieving long-term steady profits is a goal that can be easily achieved. Accurate trend analysis, professional team technical analysis, responsible guidance teachers, real-time tracking of the entire market trend, will profits still be far from you? Opportunities are always reserved for those who are prepared, but at the same time, they are also reserved for those who can choose. Real strength is shown to you, and tangible profits make you happy! If you encounter difficulties on the investment road and cannot find a direction and are in long-term losses, you may want to chat with Shan Chenjin. Success does not rely on luck, choice is greater than effort!
　　
　　This article is exclusively written by Shan Chenjin, a nationally certified gold analyst
　　
Writing time:2020/09/08
　　
Guidance WeChat:scj366  WeChat official account: Shan Chenjin
　　
Author's message: The true essence of trading lies in simplicity and tastelessness. The market is cruel, and readers are all teachers, each with their own strengths and weaknesses