Yu Yue on Jin:6.22Be wary of sudden selling trends in gold? Bao's statement is crucial

What are the recent news impactsgoldcrude oilTrend? Where is the trend of gold going?



      Wednesday(6month22day)In the Asian market, spot gold accelerated its short-term decline and the gold price is approaching1825dollar/Ounces. Gold prices closed lower on Tuesday as the rise in the US market suppressed demand for gold. Spot gold receipt report1832.98dollar/Ounces, down5.22USD or0.28%. During the trading session in Sanya, gold prices plummeted in the short term and have reached their lowest point so far1825.81dollar/Ounces, breaking the intraday low. The improvement in market sentiment further suppressed demand for safe haven asset gold. Asian and European stock markets rose slightly, while the US market steadily rose. Concerns about the US economic recession seem to have subsided. The US President stated that the US can avoid an economic recession, and he is certain that the US will overcome current inflation and improve market confidence accordingly.





       US storage support7Monthly interest rate increase50or75A few basis points, the US Treasury Secretary downplayed economic recession expectations, US bond yields slightly increased, and the US market experienced a slight rebound, all of which put some pressure on gold. However, the geopolitical situation is relatively tense, and the poor performance of Meicheng Housing sales data still provides some support for gold prices. The market is generally concerned about the semi annual testimony of the Chairman of the Federal Reserve in Congress, Beijing time21:30Bao will testify before the Senate Banking Committee on the biannual monetary policy report, stating that there is a greater likelihood of bias towards hawks and a bearish bias towards gold prices.



     Friends who have just entered the gold market may not be able to access the top news or news in the international market due to work, life, and other issues, which is a great problem for us to do gold. Therefore, investment friends are welcome to come to me to communicate and progress together. In addition, let everyone know the international market trends at any time, anywhere, and in the first place







6.22Analysis of gold market trend:





        Technical analysis of gold: Gold fluctuated slightly yesterday and fell slightly, falling into a narrow horizontal range for a long time. During the US market period, it began to rebound1843.3Under pressure on the first line, the tail end fell and closed at a low level1830Below, the space is still not moving much, but structurally it is still in the process of downward oscillation and decline. As the rebound strength weakens, the short line approaches the low point of the downward trajectory, but the rhythm is relatively slow and there is no obvious unilateral movement, presenting as a weak oscillation.4Hours have been trading sideways for two consecutive days this week without any signs of reaching a high, as they fell behind yesterday1830The low point indicates that the short term is unable to further touch the high and upward trend, but instead weakens and returns to the east after consolidation. Currently4The hour structure broke through the previous upward trend line of rebound, and the reverse weak trend fell back, reaching yesterday's high point1843.30To defend, let's take a look at the market today and see if it will fall. It is expected that the market will be weak and the white market will first lower.






Although the amplitude is not significant throughout the day, the strength of each backdraft is not strong, and it still suppresses the operation1845Below, there is an expectation of further downward and downward trend in the short term today, while the upper pressure is focused on the opening and closing of the US market yesterday1833-1835Area, lower support early stage4Hour Double Bottom1820At the checkpoint, relying on this range, we will continue to see broad fluctuations within the day, and the short-term bullish and bearish strength will divide1835On the front line, even before the daily closing level stabilizes at this level, it still suppresses bearish treatment,1The hourly chart shows a slight dullness. Accompanied by a consolidation style bearish decline, but the space has not been released. After a long period of horizontal consolidation, the short-term rhythm is still oscillatory, and the direction is in a downward trend. After yesterday's high, fall, and close, the short-term trend will weaken first. Short term bearish. In summary, in terms of operation, the main consideration is to rebound and short sell, with attention from above1833-1835USD resistance, follow below1812-1815USD support. You also need to adapt to market changes, so while operating, investment friends must control their positions and stop loss issues, strictly set stop losses, and do not resist single operations. The recent market turbulence has been significant, with opportunities and risks coexisting. Control risks and maximize returns.







6.22Reference for Golden Operation Strategy:



Empty order strategy:



   Strategy 1: Gold rebounds1830-1832Short 2/10 positions in batches nearby, stop loss5Points, target1825-1820Nearby, break down and take a look1815frontline;



Multiple order strategy:




   Strategy 2: Gold Callback1813-1815Short two tenths of positions in batches nearby, stop loss5Points, target1825-1830Nearby, break down and take a look1832frontline;