Wang Mingxin: International Gold Rushes Up and Looks for a Callback, US Dollar Stronger, Gold Soars Up After "High Platform Diving"

Are you still confused now, whether the market is skyrocketing, plummeting, unilateral or fluctuating, do you always fail to grasp it? It's what we call buying and then falling, cutting and then cutting, cutting and then rising, chasing and chasing, chasing and trapping, and cutting again and again. This is like a dead end trap, with funds constantly shrinking and circulating like this. If you are in such a cycle, please stop and think carefully, summarize your experience and lessons, and send it out as a whole. If you believe in Wang Mingxin or have only read my article, you can agree with what Wang Mingxin said. To be certain, although I cannot guarantee that you will make a 100% profit on your own, I will use a serious and responsible attitude, accurate unit judgment, and stable order making methods to ensure your overall long-term profitability. Actually, what's scary is not the market trend, but losing oneself and losing direction. If you have difficulty doing orders or your investment often shrinks, then we can talk about it.


goldFundamental analysis:9month8During the European period, spot gold prices fluctuated and fell to a new eight day low, with the rise of the US dollar being the main reason for the decline in gold prices. Meiyou plummets7%Falling to near12At a low weekly level, demand concerns reignited, the peak driving season in the United States came to an end, and global pandemic concerns intensified, which was not conducive to oil prices. The US dollar index continued to fluctuate and climb on a weekly basis, and the resurgence of global pandemic concerns has also brought some safe haven boost to the US dollar. UK Brexit concerns reignite pressure on the pound, causing a significant decline of over1%. The probability of a hard Brexit reaches 40%, which cannot be underestimated. Expectations of a sluggish performance in the UK economy have also put pressure on the pound.


In order to offset the economic damage caused by COVID-19, central banks around the world have taken extraordinary liquidity measures to saturate the market and drive gold prices up this year26%Because it is seen as a shield against inflation and currency depreciation. Inflation expectations have decreased and actual yields have risen, which also has a slight negative impact on gold


Therefore, Wang Mingxin analyzed that against the backdrop of the still strong US dollar index, gold prices are still facing downward pressure in the short term and are therefore still in a triangular narrowing range of correction from previous historical highs. With key support, look at the previous low point1902US dollars. Losing this point will mean the beginning of a larger correction cycle, and further downward targets will be seen1863USD.


Wang Mingxin's analysis: Gold prices were slightly under pressure during trading, falling for the second consecutive trading day. Although the recent rebound of the US dollar has dragged down the trend of gold prices, it is not ruled out that there is a possibility of a larger pullback, especially if there is a situation where the US dollar is long and short again; But the longer-term uncertainty that continues to plague the market supports gold prices. From a fundamental perspective, the gold market is currently anxiously bullish and bearish, and is expected to remain bullish in the short term1900-1950Horizontal consolidation of intervals is the main focus. Guidance hotlinekdj0866


===If you are always uncertain about the ups and downs of the market, then you are welcome to find Wang Mingxin, I will present my years of research on personal practical rules for exchange, learning, and reference. As a seasoned analyst,  Wang Mingxin has his own set of analysis rules for bulk spot products, perfectly grasping the ups and downs. Investment relies on wisdom, while financial management relies on professionalism.


Technical analysis of gold: Gold price on Tuesday(9month8day)fall1%The reason is that the strong US dollar has overwhelmed lingering economic concerns, and investors are waiting for policy clues from the European Central Bank. In the early morning session of the US market, spot gold fell sharply to1906.33dollar/Ounces, lower than daily highs29The US dollar has since risen significantly from its intraday low, approaching17USD, to1923.08dollar/ounce.


Technically speaking, gold prices are falling below3The upward trend formed since the beginning of the month, supported by the trend line, is digesting the decline. However, if we want to confirm a bearish reversal, Wang Mingxin believes that it may be necessary for the daily line to close at the threshold1900dollar/Below the ounce. This will make the next downstream target focus on1800dollar/Near the ounce pass.


Preliminary support below, pay attention to last Friday's low point first1916.48Strong support and key focus1900The checkpoint, this is an important psychological checkpoint with strong support. Further support level, look below8month12Daily low point1863.16And Bollinger took the lower track1876.70It also has some reference value.


On the upward side, let's take a look first10Daily moving average1940.00Nearby, further resistance in the middle track of the Bollinger Belt1962.40. Strong resistance looking towards last week's high point1992.48. If you continue to charge higher, you can pay attention to it one by one8month18Daily high point2015.59, as well as the Bollinger Belt on the track2048.10. Maybe even test the record high again2075.47。


Overall analysis shows that the short-term trend is bearish, but the expected decline is limited. Please pay attention1900Gateway support.


Trading strategy:1925.00Upward bullish, target positions looking towards each other1950.00as well as1958.00. Alternatively, in the1925.00Keep a bearish view below, and look towards the target positions one by one1916.00as well as1906.00。


Disclaimer: The market is constantly changing, and the above views of Wang Mingxin are for reference only. Reasonably control the position, do not operate with heavy or full positions, and when placing orders, please bring stop loss. The specific guidance is mainly based on Wang Mingxin's actual trading.


After completing the technical analysis, what Teacher Wang Mingxin wants to say is that investing in gold is nothing more than making money, but it cannot be imagined that the market is extremely cruel and dangerous. A careless stop loss is small, and the loss of funds is large, but the loss of funds has been almost exhausted. Should we stop here? Or continue to raise funds to re-enter the market? I want 100%80People have not forgotten their losses and walked out of this market, have they? That is to continue the market entry operation, but the profit and loss ratio has reached an astonishing level8:2In such a situation, we are trapped in an endless cycle of losses, with continuous losses of funds, self blame, regret, and regret filling our hearts. As investors, what do we most want and crave? "High return, low risk" or "high return"0"Risk" is the most ideal for investorsforeign exchangeInvestment, and with the efforts of Wang Mingxin, such a platform or guarantee has finally emerged today. Purchasing a foreign exchange investment and wealth management member can provide dual protection, "take all your profits" and "I will protect your losses". Wang Mingxin has seen many types of losses and positions in recent years, and from today on, I will protect your investment route! For more details, please contact Teacher Wang Mingxin on a single line!


A so-called reliable person,Everything has an explanation,Each piece has its place,Everything has an echo.Applying it to gold investment means having confidence in opening positions,Having a place to build a warehouse,Positions have risk control,Closing positions yields profits.Wang Mingxin has always been committed to the market,Gold always shines,A mixed market of good and bad,The recognition gained through boasting,Always reveal their true form,Only by persistently writing useful analyses for investors,Can help investors avoid taking some detours,Learn skills and knowledge,One less mistake,So I believe that seeing people's hearts over time.                                                                                                         
                                                                                                                                 　
                                                                                                                                   
This article is written by Wang Mingxin (Guidance Hotline;kdj0866）Original submission, I interpret world economic news, analyze global investment trends, and contribute tocrude oilThere is in-depth research on commodities such as gold and silver. Due to the latency of online push, the above content is personal suggestion. Due to the timeliness of online publishing, the suggestion is for reference only. Any operation based on this is at your own risk!