Yu Yue on Jin:8.24Comprehensive trend analysis and operational suggestions for gold, with online solutions...

LatestgoldMarket trend analysis



       Fundamentals, yesterday's fundamentals US8monthMarkitService and manufacturing industriesPMIBoth companies hit a two-year low. United States8monthMarkitmanufacturingPMIInitial value recorded51.3, creating2020year7New low since the beginning of the month, lower than expected52And previous values52.2。 U.S.A8monthMarkitService industryPMIInitial value recorded44.1, creating2020year5New low since the beginning of the month, lower than expected49.2And previous values47.3. In addition, new home sales in the United States experienced a sixth decline in the year, reaching a record high2016The lowest growth rate since the beginning of the year. The overall lower than expected data performance led to a significant decline in the US index, while gold, silver, and non US currencies rose strongly.



      Gold from1680Low point rebound to1808At a high level, the magnitude of the rebound exceeds that of the downward wave2Waves4The wave amplitude successfully ended the decline5Wave trend. According to the waves8The conclusion of the wave cycle is that gold is facing a decline5Post waveABCadjustment3Waves, just multiple impacts1800The major levels failed to stabilize, ultimately leading to a sideways decline at high levels and a unilateral downward trend, breaking even further1750—1740Gate support to1730Low point, successfully ended the adjustmentAWaves. Now gold is in adjustmentBThe callback stage of waves, starting from1680—1808The rebound amplitude is128USD, and1730It's Fibonacci61.8%Callback split point. Touched this week1728The low point was able to alleviate the downward trend, and the next day, it will dip again1730After the checkpoint, as expected, there was a strong rebound and a breakthrough1740Pressure to1754At a high point, the intraday bullish trend ended, successfully ending the downward trend of six consecutive negative periods on the daily line. So callbackBWaves are expected to1730The end of the checkpoint will usher inCThe wave continues to rise and is expected to arrive in the future1880Near.



Although1730Although gold has rebounded and rebounded, its bearish sentiment is still strong, and it has not been able to hold on to the end of the next day1750Above the threshold, the upward signal is not yet clear enough. But at least it touches1730Rebound occurred and successfully ran on1740Above all, the bulls managed to pull back one inning. According to my expectations, the rebound is expected to continue, and this week's short-term goals will be tested1760The gateway, as long as it can be clearly defined1730Support, then we will welcomeCThe waves continued to rise. Therefore, in terms of operation, it is possible to step back on multiple layout orders. Today's attention1750Breakthrough situation at the checkpoint, follow below1740Nearby support, high position available1758The nearby layout is empty.



　　8.24Golden Strategy:1--1740-1742Multiple, stop loss1734, Objective1750-1757



　　                        2--1757-1758Empty, stop loss1763, Objective1750-1745



Latestcrude oilMarket trend analysis



The US crude oil market opened early on90.37The market directly rose after its position, reaching its highest point on the daily line94.131After the position was sorted out, the daily line finally closed at93.656After the position of the market is closed with a slightly longer shadow line on the bare foot sun line, and after this form of closure, the daily double bottom is waiting to break the neck. Today's market continues to be more, and at the point, today's92Multiple stop loss91.3, look at the goal94.15, take a break to see95and96.5。



Analysis of the latest silver market trend



The silver market opened yesterday at18.988The market will step back after the position18.787After its position, the market rose strongly and reached its highest point on the daily line19.275After the position was sorted out, the daily line finally closed at19.091After the position, the market closed with a spindle shape with a lower shadow line slightly longer than the upper shadow line, and after this shape was closed, today's market still needs more. On the point, yesterday18.8Follow up on stop loss after multiple reduction positions18.7Holding, today's market situation18.9Multiple stop loss18.7, look at the goal19.3.Break the position to see19.6and19.8。