Fang Yuan said Jin:8.24Gold bulls are starting to counterattack, will they continue to rise?

　   Getting a wave of profits requires wisdom, giving up a wrong order requires courage. Sometimes you think the sky is about to fall, but in fact, you may be standing in the opposite direction. Persistence may not necessarily mean stopping gains, giving up may not necessarily mean giving up. Instead of crashing into a wall with grandeur, it's better to turn around gracefully, give yourself a circuitous space, learn to think, learn to wait, and learn to adjust. There are many times when investing, what is needed is not only persistence, but also a free and easy smile when looking back



     8Month Wednesday（8month24Asian period, spotgoldNarrow volatility, currently trading at1746.22Nearby the US dollar, most of the overnight gains were temporarily held up. On Tuesday, due to US real estate data andPMIPoor data performance has brought the US dollar closer20The near annual high has fallen, and data from the eurozone and the UK have also heightened market concerns about global economic weakness. Geopolitical concerns have increased, providing some rebound momentum for gold prices. However, the market still generally expects Powell to deliver a hawkish speech this week, with current interest ratesfuturesdisplay9Monthly interest rate hike75The probability of a basis point increase and the rise in US bond yields have left gold prices under pressure below the mid range of the Bollinger Line, and there is still a certain risk of a decline in short-term gold prices. Overall, although the US dollar rose and fell on Tuesday9Monthly interest rate hike75Expectations of a basis point increase. Prior to Powell's speech on Friday, there is still a chance for the US dollar to further strengthen, and US bond yields have also risen to weeks of highs, which is also unfavorable for gold prices. There is still a risk of further decline in the future market for gold prices; Of course, it is also necessary to guard against the possibility of a sharp deterioration in the geopolitical situation between Russia and Ukraine. In the short term, gold prices may even have some rebound opportunities, and concerns about global economic recession may also limit the downward space of gold prices.



Today, gold fluctuated slightly in the Asian and European markets, and then rose again as scheduled1754High point, unfortunately unable to break through1755Near the pressure, there is a trend of rising and falling again, which is exactly the same as the European market market the next day. Now it is clear that the bulls have the determination to rebound, but the pressure of high short positions is also serious. To reverse the situation, we need the opportunity of information. According to my expectations, the rebound is expected to continue, and this week's short-term goals will be tested1760The gateway, then what we welcome isCThe waves continued to rise. Therefore, in terms of operation, it is possible to step back on the layout of multiple orders and follow them at night1750The situation of stabilizing the checkpoint, please follow below1740Nearby support, high position available1758The nearby layout is empty.



　　8.24Golden Market Strategy:1--Now?1744-1745Multiple, stop loss1739, Objective1752-1757



　　                              2--1758Near empty, stop loss1763, Objective1750-1745



　　　crude oilPrices were significantly affected by fundamentals yesterday, rising by over4%The two consecutive days of rebound have broken the previous volatile downward trend in prices. At the daily level, the Bollinger band closed, and prices have continued to rise since receiving support from the lower track. Yesterday, they broke through important resistance on the Bollinger medium track, showing signs of sustained rebound in the short termAPIThe data is even more favorable, if at nightEIAIndicating further decline in inventory, there is an opportunity to explore short-term oil prices95.5Nearby resistance.4In the early hours, the Bollinger Belt opened up and the short-term price trend was more volatile. It is expected that after a slight correction in the intraday price, the upward trend of yesterday will continue. The main operating strategy for the intraday operation is to make a long correction, and the following is the focus93-92.5Regional support.



Operational strategy:



Crude oil: callback93Long nearby, stop loss91.8, Objective95.5。



Disclaimer: The above analysis only represents the author's personal views and does not constitute specific operational suggestions. Based on this, we are responsible for our own profits and losses, and investment is risky. We need to be cautious when entering the market.