Li Shengyi8.22Analysis of the Latest Gold Trends and Suggestions for Gold Operations

Monday（8month22At the beginning of the Asian market, in stockgoldA slight drop in volatility, with a one-time hit7month29Recently, it has reached a new low1744.20dollar/Ounces, due to the continued strength of the US dollar last week, rose further to over a new high on Monday, significantly suppressing gold prices. Gold prices have closed lower in the past five trading days, reaching a record high last year11The longest continuous decline since the beginning of the month, with a weekly decline of nearly3%, also the worst performance in the past six weeks.
This week, we will welcome European and American countries8monthPMIData and the United States7monthPCEThe data and market impact are relatively significant, and investment needs to be focused on. In addition, this week will also welcome the annual meeting of the Jackson Hole Central Bank, and Federal Reserve Chairman Powell will also give a speech. Some analysts expect Powell to strengthen expectations for further interest rate hikes, which may be detrimental to gold prices.
Gold Analysis
Gold from last week1800The upward downward adjustment was originally expected to be a technical correction, but under the stimulus of hawkish comments from Federal Reserve officials, the US dollar unusually rose, leading to a sustained downward trend in gold, breaking through multiple key supports and dropping to the expected low point1745-40Region. Last week, gold closed with a large bearish candlestick, ending its four week rise. The bearish candlestick was partially saturated and fell back5、10Below the weekly moving average, although the overall trend is weak and there are expectations for adjustments, such intensity is still surprising. There may be some need for a rebound in gold expectations this week, firstly because1745-40The region is a breakthrough point for continuous upward movements in the early stage, and at the same time, the market continued to decline without any correction last week. At the beginning of this week, the fundamentals were relatively weak, and market sentiment may be more stable. The technical rebound of the market will also need to be strengthened, and more attention can be paid above5、10Weekly moving average1765Nearby stress testing.
On the daily chart, gold continued to rise last week5The average daily closing is bearish, and such an extreme trend has changed the overall structure of the daily chart, so we have to take strict precautions this week. at present1745-40The region was previously expected to be a key support level, serving as a breakthrough window for the previous upward trend. If this level is also missed, market sentiment may become even more bearish or bring gold back to a weak state. If we can leverage the market situation at the beginning of the week1745-40If a region stops its decline and undergoes a certain rebound, it is not only necessary for technical trends, but also provides reasonable entry opportunities for operations. Can be followed above the beginning of the week5Daily line1758-60Short term pressure, with a focus on the main pressure20Daily line1768-70。

combine1、4Hour chart, currently gold is severely oversold and there is a strong signal of divergence from the bottom, so it is highly likely that the market will take advantage of this week's trend1745-40Support for technical rebound, but ultimately whether it can rebound depends on the face of the US dollar. If it falls below, the market will deteriorate and it is temporarily not suitable to participate. If at the beginning of the week1745-40If the support is effective, a moderate technical rebound can be seen, but the operational risk is still relatively high, as the US dollar currently does not have a clear intention to turn around.
① At the beginning of the week, radicalism can be achieved through1745、1742Nearby light warehouses are short and short in batches, with temporary stop loss measures in place1737, or effectively fall below1740Manual stop loss, target view1750-52Reduce positions nearby, change to break even and stop loss, and hold the remaining orders for further review5Daily line1757-60Reduce positions and retain some of the orders for further review20Daily line1765-68Conduct a nearby test and then subtract.