Xue Wenxi:10.21Will gold continue to rise?1925Can we break through? Analysis of Gold Market

Xue Wenxi:10.21gold或将持续上行？1925Can we break through? Analysis of Gold Market


There is really not much to emphasize about the recent gold market. The market is still the same, with ups and downs, fluctuating back and forth. Every year, it experiences a long period of broad fluctuations, and then enters a short period of unilateral rise, that is, every year70%Plus the oscillation of30%One side of the market then forms a whole segment of the market, so for ordinary market trends, volatile market trends are also a type of market trend that we cannot ignore. In the face of this market trend, patience is what we need, and we also need to learn how to exercise our patience and a good mentality. In addition to what we learn from our interpersonal skills, a large part of our mentality is also attributed to the market trends we have experienced. With more experience, your ability to adapt to market trends will naturally improve.

Spot gold briefly fell to1894The daily low of the US dollar has rebounded, and during the European period1900The level fluctuated up and down, and during the US market, news of the stimulus bill briefly rose to1914USD, up from daily lows20US dollar, final increase0.24%Report1908.11dollar/Ounces. Spot silver started to rise during the European session and reached a daily high during the US session24.9US dollar, final increase1.1%Report24.64dollar/ounce.


Gold Market News and Market Analysis


The US dollar index fluctuated in a narrow range. The market generally focused on the new round of US stimulus plan negotiations, and the market also focused on the news of the US election and overseas COVID-19 epidemic; The expectation reflected by the stock market is that it will be difficult for the United States to launch a new round of stimulus policies before the election. The overnight US stock market weakened significantly, dragging down gold prices, but the weakening of the US dollar limited the decline in gold prices; In addition, the market has a strong wait-and-see mood. Many uncertain events, such as the global COVID-19 epidemic, the global monetary easing environment, the US election, and the Brexit, still provide support for gold prices.


In terms of gold technology, from the daily chart, the daily moving averages are intertwined and the Bollinger Bands are closing. The gold price is located at5Above the daily moving average, from the perspective of ancillary indicators,KDJGolden cross, index located at55Nearby,MACDThe red energy pillar tends to stabilize, with a trend of volume increase and significant short-term fluctuations. Overall, the gold price has an upward trend. In terms of short-term operation strategy today, Wen Qian's personal suggestion is to mainly focus on a pullback and buy low, supplemented by a rebound and short selling. The short-term focus above is on short-term attention1933Frontline resistance, short-term focus below1885Frontline support.

Gold operation suggestions


1Gold1915-1917First line advance, stop loss1912, Objective1925-1927frontline;


2Gold1925-1927Frontline entry, stop loss1930, Objective1913-1910frontline;


goldTDOperation suggestions


1GoldTD403.5Nearby entry, target405Nearby, stop loss402.5；


2GoldTD404.5Nearby entry, target402Nearby, stop loss405.5；


Disclaimer: Investment carries risks and caution is required when entering the market.

There is no fancy language here, only real trading and clear and straightforward operations. The market has only one direction, not long or short, but the right direction. Reasonable risk control+Good investment returns allow every individual investor to find the true joy of investing, rather than constantly increasing losses due to their daily hard trading. Wen Qian has always believed that choice is more important than effort. A good mentor and technical team should not only bring profits to customers, but also be responsible for them. Individual investors, relying solely on their own efforts to face the market, are prone to being caught off guard when faced with a sharp rise or fall. However, if someone can see the situation clearly outside the circle and provide direction, they can do even better.
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Editor of this article: Xue Wenqian


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