Hao Chengbin: Gold fluctuates significantly but has not yet left the oscillation range

    goldMessage analysis: Wednesday（9month9On the same day, the US dollar index continued its upward trend, recording its seventh consecutive trading day of gains. It briefly broke through during the trading session8month13Daily high93.60. Due to renewed market concerns about Brexit and a sharp decline in the US stock market. Spot gold fell slightly during the trading session, continuing a narrow range of volatility. The previous sell-off in the stock market has to some extent boosted gold's safe haven attributes, helping gold prices rebound from nearly two-week lows on Tuesday. Although the bullish sentiment of gold prices has weakened recently, the long-term trend is expected to remain upward. Previously, global central banks injected a large amount of additional stimulus measures into the market to alleviate the economic impact caused by the pandemic, and gold was seen as a tool to hedge against inflation and currency depreciation. Currently, investors are waiting for this week's decision from the Bank of Canada and the European Central Bank.


    International Gold Market Analysis: From a daily perspective, gold closed cross again yesterdayKThe line continues to maintain range fluctuations, with the Bollinger Bands moving flat on the three tracks and gold prices hovering between the middle and lower tracks.MACDDead cross, index below10，KDJDead cross, index at30Nearby. From a technical perspective, gold tends to fluctuate and decline, but it is expected that1900The pass will not be lost in the short term. Follow AboveMA10/20Daily moving average1941-1945Regional resistance. Gold tested again yesterday1900The support is not broken. Before the closing, it rebounded to1940First line. Clearly strong buying power. However, from the perspective of the closing line, the dailyKThe Little Cross still hasn't shaken off the pattern of interval oscillations. Since the direction has not been determined, we should not rush to chase up or sell down in our operations.


    The strategy of oscillation is as follows:


    Therefore, tonight's operation will continue to follow the previously mentioned range position, with short-term upward pressure1935-40Regional, given the relatively rapid fluctuations that occurred yesterday, the upward trend can be further looked towards1950Alternatively, the first target in the downstream area1920Region, further enlarged to1905One area. These are currently the two oscillation regions that can be seen. Based on the recent volatile trend, there has been no effective breakthrough in the past week, and the high point has also been continuously lowering. Therefore, today's trading strategy can be prioritized for reference1935-1920Region, this is the first short-term oscillation space,1935Failure to effectively break through the region resulted in empty entry,1920Failure to break through is also an opportunity for multiple entry points. The above positions have broken positions, which can be further examined1950-1905Interval. The robust method is to enter the site at the resistance and support position of this oscillation, but when facing the direction selection of oscillation, the risk must be well controlled. If you are unable to grasp the timing of entry or have friends who need to lock the warehouse and set orders, you can contact the author, Teacher Hao Chengbin. (Guide WeChat)hyds0002  official accountchengbinlunjin）


    The above article was written by Hao Chengbin. If reprinted, please indicate the source. The article has a lag, and due to the delayed nature of online publishing, the intraday market is volatile. Readers are advised for reference only.