Chen Jiazhe: Guidelines for Trading Today's Gold Market and Latest Operating Strategies for Gold

When you see this article, I already understand that you are currently facing difficulties. First of all, Chen Jiazhe wants to make one point. It is a fate that you can see my article among millions of analysts. Since it is a fate, I hope to maintain it, find me, and communicate with me. So, the difficulties you are currently facing may be just one of the many examples that Chen Jiazhe has seen since becoming an analyst, So you can share all the problems you encounter with me, which not only allows you to learn more knowledge from me, but also to understand more principles. You can even continue to survive and make profits in this unpredictable market. Of course, you are currently continuously losing money, so you should ask yourself in your heart where the problem lies, or do you say that I lack a teacher who has a good understanding of myself? So I think as long as you carefully read Chen Jiazhe's article, you will definitely gain something and seize a straw in the current predicament.

　　goldMarket trend analysis;

Monday(8month15day)Spot gold plummeted over1.5%Set a new low in a week1772.82dollar/Ounces, Federal Reserve policymakers continue to support the US dollar with hawkish comments on the prospects of fighting inflation and raising interest rates. The wording of Federal Reserve officials indicates that the fight against inflation will be more durable and will not hesitate to tolerate a moderate economic recession. Federal Reserve officials' rhetoric suggests that the fight against inflation will be more durable and will tolerate moderate economic recession in the process. Investors believe that an economic downturn, even a slight one, may trigger interest rate cuts, but Federal Reserve officials have yet to make such a commitment. If businesses, banks, and households do not provide expected feedback on higher interest rates, and they continue to borrow and spend at levels that can maintain high inflation, this requires the Federal Reserve to tighten policies more harshly. Federal Reserve officials often notice that the economy is slow to adjust to changes in monetary policy. They quote American economist Friedman as saying that there is a "long-term and variable lag" in the operation of monetary policy. Some economists estimate that the Federal Reserve must withdraw approximately1Trillion dollars in excess expenditure. If we hope to achieve this without a severe economic recession, it means that credit pressure will continue until2024If you want to reduce inflation in a stable way that does not generate large-scale unemployment2%This must be a long process Although gold is seen as an inflation hedge, the rise in US interest rates has weakened the attractiveness of non yield asset gold. Gold looks set to consolidate in the recently constructed range for one to two weeks, and it cannot be ruled out that there is a possibility of a sustained decline in gold.

Technical analysis of gold; Last week, gold continued to be strong and fluctuated high, mainly due to two factors. One is the continuation of gold's own structure at the beginning of last week, and the other is the impact of a correction in the US dollar in the second half of the week. On Friday, gold closed another positive, synchronized with the US index, which also brings great uncertainty risk to the short-term trend. On the weekly chart, gold also closed another positive last week, closing positive for four consecutive weeks, breaking through10The weekly moving average, such an extremely strong state, still needs to be guarded against, to prevent potential technical backtracking at any time. Once such a situation is backtracked, it is likely to be a short-term retaliatory decline and backtracking. However, before the backtracking, this extreme sentiment in the market can still continue to drive up the market, but this upward trend should not be caught. On the daily chart, gold rebounded in the early part of last week, partly due to the need for technical extension to complete the final three band upward trend. However, in the second half of the week, the market rose again due to the influence of the US dollar. With the high cross negative line closing on Wednesday and Thursday last week, it seemed strange for the market to close one more positive on Friday. Market sentiment was causing anomalies in the market, which also brought great uncertainty risks to the trend of this week. At present, the daily structure is still in a high state, with the following10Daily line1785The frontline will be the key to short-term competition. Although the top may still rise, it is still in a high state, and the technical indicators show a serious top deviation state. Although it can continue to be bullish, this upward trend is not suitable for participation. Once the daily level top deviation belt is fixed back and forth, it is likely to be a short-term retaliatory decline, and only by fully releasing the technical adjustment momentum. In summary, Chen Jiazhe suggests short-term attention from the top on the operation strategy of Gold Today1795-1800Frontline resistance, short-term focus below1770-1765Frontline support.

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.

This article is provided by Chen Jiazhe. I interpret the world economic news, analyze the global investment trends, andcrude oilWe have conducted in-depth research on commodities such as gold and silver. Technical Director Chen Jiazhe has provided a set of online explanations. The above content is a personal suggestion. Due to the timeliness of online publications, it is for reference only and at our own risk. Please indicate the source when reprinting.