Ink Bamboo: Golden Bulls Showing Their Sharpness, Stage Counterattack Sword Finger1888！

The beauty of life lies not in the indulgence of hard work, nor in self indulgence. The true beauty lies in the process of struggle. Don't be lost in the fleeting scenery, thinking comes from the determination after calmness~

Time has come to the end of the week, and this week, gold prices started to rise in a continuation phase at the beginning of the week, approaching at one point during the week1875Revision of the US dollar level. Due to the absence of bottoming behavior in the bullish rise of gold pricesVAfter the recovery of gold, it was difficult for gold prices to maintain a strong position and sold off as scheduled on Wednesday50Dollar, emotional release during the completion stage.

Since gold prices have completed the repair of short positions, they will naturally continue to rise in the current stagegoldYesterday, a bullish shift was made towards gold, which did not disappoint expectations. The gold price achieved a double bottom bullish behavior at the end of the Asian session, and the bullish sentiment drove the gold price towards the near end1850The US dollar level rebounded from a low point within the day20There is surplus in US dollars.

But the gold price did not continue its bullish rise further, and the US stock market took back all its gains within an hour and a half after the opening, approaching a close1830The US dollar barrier. The weakness of gold prices is partly due to the recent strong optimism in the market towards vaccines, which has put short-term pressure on gold prices. On the other hand, it is due to the failure of the economic stimulus bill to make good progress and the easing of risk aversion.

In addition, the market announced last night that the US12month5Record of initial claims for unemployment benefits for the current week85.3Ten thousand people, this data records Lido Gold, which is9month19A new high since the current week. The rebound in the number of people applying for unemployment benefits for the first time proves that the employment situation in the United States is not optimistic due to the COVID-19. This provides some support for gold bulls.

Currently, regarding the overall market situation, I believe that vaccines will not have a significant impact on gold in the short term. Only European and American countries will receive vaccines, A significant decline in confirmed cases and a rebound in the job market will have a bearish effect on gold prices. Regarding the economic stimulus bill, although both parties have been unable to reach a consensus, it is expected that both parties will draft the next stimulus bill.

The improvement of fundamentals will drive the bullish gold market and also boost the recovery of gold prices brought by vaccines200The collapse of the US dollar. And for the current recovery of gold bulls, I believe there is already a breakthrough1875The pressure on the US dollar level, and winning1888USD. As for the arrival of gold prices1888There is currently no excessive speculation on whether there is a further sustained long rise.

First draft1888The goal of the US dollar level is to achieve the current upward trend! From a current technical perspective,4hourRSIThe oversold area has been touched, which forms a strong bullish signal for gold bulls. If emotions can flow in, it will be enough to push gold prices to stabilize today1850Make corrections above!

Therefore, participation is still mainly low, and today it can fall back to the bottom in the short term1833The US dollar can be used as a small stop long, and this position is the support for the fourth resonance of the trend line's low point rise. Participate in self defense and pay attention to it first at that time1850And1864The pressure on the US dollar level is sufficient! Emotions flow into strength and will continue to look towards1875as well as1888！