Wang Mingxin: Multiple bulls hit with batons, US dollar staged "high platform diving" Gold is unstoppable

  

In fact, for Wang Mingxin, no matter how much technology is written, it's boring that you can't understand it. So Wang Mingxin will always give you the simplest and straightforward analysis. It's useless for you to be accurate in operating profits. If you don't implement it, it's just like this in life. Novices are afraid of excessive fluctuations in the market, and veterans are afraid of fluctuations in the market. There are no two identical leaves in the world, but there are identical profits, There is exactly the same operation. Some people make orders in different directions at the same point, and the results will be different. It is not so much the market that afflicts you as the lack of self-cultivation. Don't be discouraged. No one is always unlucky. Don't be discouraged. No one has had a smooth sailing, experienced a bull market, experienced a bear market, accepted a slump, and leaped over a boom. Nothing can make you stronger than this, Strength requires accumulation, and profitability is equally important. You will not always lose money, and others will not always make profits. And I am an important switch for you to turn losses into profits.
     
　　

　　goldMarket information analysis:

　　

　　9month10Daily spot gold fluctuates narrowly, hovering around1950Nearby, with the release of the European Central Bank's interest rate decision, the euro has risen while the US dollar is under pressure; goldT+DSetting a New Week High, SilverT+DClosing up1.98%. The attractiveness of gold has increased, and despite a surge in job vacancies, the United States7monthJOLTSThe number of employees has recorded the largest decline in history. The European Central Bank's interest rate decision will be announced, and according to Gao Changyun's understanding, the European Central Bank may make dovish remarks - and even discuss interest rate cuts - in an attempt to prevent the appreciation of the euro and lay the foundation for possible easing policies later this year. The spot gold price has recently entered a sustained consolidation trend, due to the market's bullish and bearish news being largely offset. Since last week, the US stock market has entered a period of adjustment, which has indeed sparked a demand for market funds to buy gold again as a safe haven. However, the rebound trend in the US dollar exchange rate recorded at the same time has offset a considerable amount of upward space for gold prices denominated in US dollars. In the long run, gold prices will continue to rise as global central banks led by the Federal Reserve continue to maintain a strong process of injecting liquidity, and the previously dormant physical buying demand may also experience a recovery in the second half of the year, which will soon lead to a resurgence in gold prices.

　　

Thursday(9month10day)In the European market, spot gold continued to rise, reaching its highest point1963.72dollar/Ounces, maximum pull-up over20USD;COMEXFutures up and down1970dollar/Ounces. As gold rebounded, the main reason was the sharp drop in the US dollar, with the lowest point falling to92.73. Due to the rebound of the euro, coupled with the US unemployment rate data suggesting a slowing recovery in the job market, the US dollar has experienced a sell-off. Affected by the US dollar, gold investors are currently watching. However, despite investors appearing very hesitant, the uncertainty before the US election and concerns about the US correction before the election will provide a lot of support for gold. Therefore, in terms of gold, the real yield is linked to inflation (i.e. nominal interest rate)-Inflation rate, announced by the United States this weekPPIas well asCPIThe data may have a significant impact, and if these data raise inflation expectations, the short-term increase in US Treasury yields may be bearish for gold. In a situation where the Federal Reserve's loose policy will suppress nominal yields, the rise in inflation will further put pressure on real interest rates. So in the medium to long term, real negative interest rates will continue to benefit gold.

　　

Spot gold fluctuated narrowly, after two consecutive trading days of gains. Due to the decline in the US dollar and concerns among investors that the development of a coronavirus vaccine will be delayed, the safe haven appeal of gold has been enhanced. Against the backdrop of ongoing bullish and bearish news in the global market, it is expected that gold will continue to maintain a sideways trend in the short term. However, against the backdrop of generally loose monetary policy from central banks around the world, gold prices remain bullish in the medium to long term.

　　

Technical analysis of gold:

　　

The market has formed a continuous trend14The trading days have been fluctuating horizontally, and the long short direction of the major cycle is still unclear. The resistance above is mainly in the1976Location and2015Location.1976It is the top to bottom transition position formed in the early stage, and also2015~1902The Golden Section of0.618~0.764Resistance or2015~1992Near the resistance of the formed trend line. Short term focus on multiple orders to see1976And pay attention to it1976The gains and losses of position.

　　

The price has broken through the upper limit1951If there is a high point of volatility, then the short-term market will be stronger and will test the upper level upwards1976Resistance and2015Resistance. Once the market rises, it is a short-term bullish trend, so short-term long positions need to remain aggressive. After the price has reached two one hour bullish candlesticks, consider the stagflation and fluctuation of the price. Short line support located at1951~1953Region. The price remains unchanged1951Will impact upwards1976Nearby, once1976Break through, then continue to look upwards until2015Goal. In summary, gold1950Empty order to1942Afterwards, the price tends to be more accepting4Hourly level bullish line, short-term support1951Not broken, looking up1976Nearby, once we break through1976We will continue with the upsurge test2015Resistance. In terms of investment, operational issues can be added to the author's communication. Attitude determines everything, and details determine success or failure. The article can only provide a temporary direction and idea. As for the specific entry points and timing of resolving the situation, please follow Wang Mingxin's official WeChat account:kdj0866Will be provided in real-time.

　　

Golden Strategy: Suggest Stepping Back1952Going long nearby, losing1944, Objective1965-1976

　　

Wang Mingxin's Message;No matter how beautiful others may be, you can't expect them. No matter how messy the situation is, you have to continue! When no one helps you, stand straight on your own, and when no one helps you, work hard on your own. Believe in yourself, as long as you are brave enough, there are no difficulties you cannot endure.

　　

This article is written by Wang Mingxin (WeChat Guidance Hotline;kdj0866）Original submission,( Wang Mingxincrude 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.