Chen Jiazhe: Analysis of Today's Gold Market Price Trend and the Latest Strategy Solution for Gold

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Analysis of the latest market trend of gold:

Analysis of Gold News: Last Friday(8month12day)In late US trading, spot gold closed higher1802.06dollar/Ounces, up12.71USD or0.71%The highest daily hit1802.41dollar/Ounces, lowest touch1784.76dollar/Ounces. US Treasury yields have fallen after a tumultuous week as investors assess whether a significant slowdown in inflation will slow down the pace of Fed rate hikes. Data released earlier last week showed that inflation in the United States has cooled, and market participants have subsequently lowered their expectations for a significant interest rate hike by the Federal Reserve. However, recent comments from Federal Reserve officials continue to be hawkish, which has suppressed the rise in gold prices. Although there was no breakthrough increase in gold prices after the inflation data cooled down, the price of gold continued to rise last Friday(8month12day)Still closing higher for the fourth consecutive week. However, there are still differences on Wall Street regarding the trend of gold prices next week. The slowdown in inflation was the main message conveyed by macro data last week. However, Federal Reserve officials continue to oppose the idea of a possible shift in monetary policy. Analysts say that as the US dollar rebounds, it may weigh on gold prices this week. Focus on the United States this week7Monthly retail sales rate,9The monthly interest rate hike is due to22Number.

Technical analysis of gold: Based on the trend of the gold market, the weekly trend has rebounded continuously for four weeks, but it is still in a weak and volatile trend on the weekly trend, and the price has been hit by continuous rebound1800After the pressure level in the area, there may be a fifth wave of decline. The daily trend has slowed down in a narrow range of fluctuations that continue to be high after a wave of uplift. From the intraday trend last Friday, it can be seen that after a series of sideways trading, the currentH4The level trend is gradually emerging from short-term long divergence, but the continuation may not be too strong. gold1680Bottom rebound, currently the highest impact1808The position was hindered and fell back, and the next day did not continue the previous day's decline, but instead touched1783Low point impact again1800The big level, unfortunately, still rises and falls in the end, representing1800There are a large number of short positions suppressed above the major level. In the short term, gold has fallen into a long short battle, but of course, the short-term upward trend has not been broken, but there have been signs of stagflation and correction, after allMA5—MA10The moving average crosses upwards, and the Bollinger belt opens upwards,MACDThe red column can continue to release; The weekly trend is also a three consecutive positive rebound pattern, representing high short-term bullish sentiment. The focus now is on location1800Only by breaking through and stabilizing can we clearly determine the direction for bulls to continue rising, otherwise we will really be under pressure1800The Great Pass has gone through a correction. In fact, Chen Jiazhe's personal opinion is that it needs to continue to rise, after all, there have been so many shocks1800There has been no significant decline in the major levels, and if we really want to fall, we should have fallen long ago. Now1800Such a clear signal that the top has not yet fallen may be an illusion, attracting more short orders and breaking through in one fell swoop. In summary, Chen Jiazhe suggested that the gold operation strategy for today should mainly focus on returning to lower levels, supplemented by rebounding to higher levels, with short-term attention from above1810-1815Frontline resistance, short-term focus below1790-1785Frontline support.

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Author's message:

The answer to all questions is never unique and unchanging. Whether the market is going up or down, you cannot control it yourself. Only by keeping up with the pulse of the market can you avoid being eliminated. The market cannot always go up or down, and what is certain is that it will always go right. Risk is an objective, inevitable, and under certain conditions, it also has certain regularity, so we should pay more attention to risk control in operation.