Dongsheng: The market that cannot be waited for is always in turmoil

Investment is people's expectations for the future of assets,This is Dongsheng

The market has also reached the end of the trading day,goldIn the downward trendgraduallyThere are signs of bottoming out. Let's take a look at yesterday's gold trend first. The opening session continued the previous trend and reached1852.6After the intraday low, the rebound recovered some losses

Spot gold closing quotation yesterday1865.3dollar/Ounces, decline0.36%

Closing quotation of the US dollar index92.3, decline0.19%

Currently, vaccine news is constantly strengthening, especiallyBARICITINIBThe COVID-19 therapy combined with remdesivir has been authorized for emergency use, and we will pay attention to the effect of its treatment, which provides a good basis for the rise of the US dollar and US debt

This will put greater pressure on gold and set its sights further. The broad economic environment is still favorable for gold, especially the subsequent global stimulus plan, which is also the reason why gold can rise in the future. Recently, White House Treasury Secretary Nuqin has also demanded that the Federal Reserve return unused funds to the Treasury Department

The White House may plan to use these funds to pass a small-scale stimulus plan, but the various tools and plans of the Federal Reserve have not yet expired, so it is also indicating that it will tend to continue using all emergency convenience tools, and it is difficult to make a big move until the official election results are announced

The current daily number of confirmed cases in the United States has reached19Ten thousand people, which caused an unexpected increase in the number of initial claims for unemployment benefits announced last night, which is understandable. However, before large-scale vaccination, no action or measure can be called an economic recovery, only to maintain market vitality as much as possible

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One hour trend of spot gold

Gold at the bottom1852The point is supported and rebounds, followed by more stability1860Above, facing1870The long short split line is still fluctuating and accumulating strength, and it is currently in the late trading stage. Facing a two-day gap on the weekend, the Black Swan may not come out at any time, and it is not recommended for friends to hold positions for the weekend in the near future

Judging from the golden hour,kThe fluctuating trend of the line also slowed down the Bollinger Belt, but failed to break through1870It will also consume the enthusiasm of the bulls,maThe moving average wants to interweave dead forks, also allowing gold to seek below1850There is plenty of room, but there is not much time for gold to break through in the late trading session

macdDouble line upward trend, it is more suitable to choose a light position and a long entry for this trend,1855-1860They are all good entry points, and there is a wave above them1875Just defend according to your own plan

Author: Dongsheng

Writing time:2020/11/20

The above views are for reference only and do not serve as a basis for firm trading. The article is written by Dongsheng Finance and Economics. If reprinting is required, it must be approved by the author or indicate the source. Reproduction of my article without my consent will result in legal liability being pursued in accordance with the law