Chen Jiazhe: Analysis of the latest market trend of gold and real-time operation suggestions

When you see this Chen Jiazhe chapter, I already understand that you are currently facing difficulties. First of all, Chen Jiazhe wants to make one point: being able to see my Chen Jiazhe chapter among millions of analysts is a fate. Since it is a fate, I hope to maintain it, find me, and communicate with me, So the dilemma you are currently facing may be just one of the many examples that Chen Jiazhe has seen since he became an analyst. Therefore, 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 this chapter by Chen Jiazhe, you will definitely gain something and seize a straw in the current predicament.

　　goldLatest market analysis:

Analysis of Gold News: Tuesday(8month23day)After a bad start to the week, as the market continues to adjust for the keynote speech of Federal Reserve Chairman Powell at the Jackson Hole seminar, the precious metal market is ushering in a turnaround. As the US dollar index shifts from20The decline in annual highs and the entry of bargain hunters after last week's sell-off led to a significant increase in gold and silver. The important catalyst for precious metals and the market this week was Powell's speech delivered at the Jackson Hole meeting on Friday, which currently has only one temporary title: "Economic Outlook". But the theme of this seminar will be "reassessing economic and policy constraints". The US dollar and US treasury bond yields remain the main drivers of gold prices. Whenever they rise, gold prices will fall back, and any decline will trigger a rebound in this precious metal.

Inflation has arrived, and global central banks are plundering savings, effectively reducing the purchasing power of currency on a monthly basis. Market insiders believe that the impact of the current aggressive monetary policy stance has pushed the US dollar to a higher level. But if the inflation rate is higher than10%Even with6%or7%Holding US dollars at interest rates is definitely a loser, and safe haven investors will embrace hard assets such as gold again at that time. Some investors may believe that the US dollar is also a safe haven in this economic environment, while others are considering transferring cash off the exchange when considering their next steps. However, if the inflation rate exceeds10%Even with6%or7%Holding the US dollar at interest rates will definitely fail, forcing investors to transfer their hard-earned cash to something that can protect them from inflation.

From a technical perspective, gold rebounded and closed positive yesterday, ending its previous six consecutive negative declines when the daily line turned positive. The US dollar has slightly declined, while gold has rebounded and turned into a volatile market. Lowest backtesting1730After stabilizing on the first line, it rebounded to1754.Ending disc closed in1746.The daily line turns positive and rebounds to correct. Today's bullish and bearish continuation determines the strength of the week, and the weak rebound does not continue to be positive. If there is a further rebound, the closing price will be1754Above, in the short term, there will be a counterattack trend. On the contrary, if it can quickly turn negative and fall today, then continue to look downward. That is to say, today's closing position is crucial and needs to be carefully monitored.4Hours for1807The high point experienced a wave of decline and is currently in the process of rebounding and correcting the wave shape. Yesterday, it touched the previous conversion to break through the low point for the first time1754There are slight signs of pressure, but whether it can turn down today is the key. After coordinating with rebound correction in the downward wave pattern, confirm the high point of the second wave, and if it is blocked and then breaks low, it will extend downward. Therefore, in the short term today, we need to compete1728-1730The gains and losses are the key to whether the two waves can continue, and only after breaking the low can they further expand and open up space.1The hour chart broke through yesterday's downward trend and rebound structure1750The downward trend line causes the small cycle to enter a correction of oscillation. The short line needs to be reoriented, which means4The choice of wave conversion for hours. It remains to be confirmed whether to construct downward waves or reverse them. In terms of trend, it still tends to be downward, and the current rebound is seen as a correction. In summary, Chen Jiazhe suggested that gold's operation strategy for today should mainly focus on a pullback to lower levels, supplemented by a rebound to higher levels, with a focus on the above1755-1760Frontline resistance, short-term focus below1735-1730Frontline 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 contributed by Chen Jiazhe. I interpret world economic news, analyze global investment trends, and provide insights intocrude oilWe have conducted in-depth research on commodities such as gold and silver. The above content is my personal suggestion. Due to the timeliness of online publication of Chen Jiazhe, it is for reference only and at our own risk. Please indicate the source of the reprint.