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Dingsheng Jinshi:8.29Today's gold trend analysis shows that the hawkish Federal Reserve is beating gold,...

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Last Friday, Powell stated at a seminar in Jackson Hole that the Federal Reserve's monetary policy will not shift and interest rates will remain high for longer than market expectations. Powell stated on Friday:Restoring price stability may require maintaining a restrictive policy stance for a period of time. "" Historical records strongly warn of premature policy relaxation. "Powell also does not rule out the possibility of9Raise interest rates again at the monthly meeting75The possibility of a basis point, he reiterated, largely depends on the macroeconomic data released in the next three weeks. After the highly anticipated speech by Federal Reserve Chairman Powell, gold prices fell by nearly25US dollars, analysts say, unless buyers intervene in the purchase, gold prices may plummet to1600USD. Investors will closely monitor the US Bureau of Labor Statistics8Non farm employment report for the month.


  ——8.29goldAnalysis——


Gold, this round of prices from7Monthly low point1680rebound1808Under pressure, transitioning into a downward cycle, starting from last week1728rebound1765The posterior end falls back; On Friday, the physical Great Yin was recorded,KThe combination of lines is arranged in a short position; At the same time, after completing the pullback, the US Index once again raised its impact7At a monthly high, there is strong bullish sentiment in the market, and gold prices are under pressure. It is expected that in the future, the following behavior will be the main trend7Monthly low1680There is still room;


Short term resistance after morning opening1738-1740Strong resistance1742Daily chartMA5-1746And weekly chartMA5-1758There is deviation; Short line support1730-1728Take a break and take a look12HFigure Lower Rail1714and1700;


In terms of operation, early Zhou suggested mainly selling along with the trend;


Strategy 1:1740Sold nearby, protected1746, Objective1728-1714-1700;


——Message surface analysis——


The Federal Reserve's aggressive interest rate hikes to combat decades of high inflation may lead to an economic slowdown and weaken fuel demand. But Saudi Energy Minister Prince Salman stated that,OPEC+Having the means to address market challenges, including reducing production in various forms at any time, in response to the possibility of reaching a nuclear agreement with Iran, could potentially lead Iran, a sanctioned country, back into the oil market. He added:crude oilThe market has entered a self perpetuating vicious cycle, with very thin liquidity and extreme fluctuations that undermine the basic function of the market in effectively discovering prices.OPEC+Will be on2022Starting from the year 2000, a new agreement was developed based on previous successes.


  ——8.29Crude oil analysis——


Crude oil rose base note this week, and closed at a high level. It recorded a small positive line with a long shadow line. After three consecutive positive rebounds and volume increases, the bullish volume can weaken, and the end of the day will close low and switch back. The daily line is also in the stage of long short conversion, which is a choppy tug of war. Both long and short positions have opportunities, and we need to combine the form to arrange.4The hour went out to explore high and fell back into continuous yin, breaking through the middle track of Bollinger Road and going down. Based on the previous bull push wave calculation,90.6The US dollar is the long short divide of this rising wave, and once it breaks again, it will change the pattern of the rising wave and maintain a bullish mentality above this level. In summary, Dingsheng Jinshi has concluded that the rise in crude oil is expected to continue. On Monday's opening operation, it is considered to focus on a pullback layout with multiple orders, supplemented by a rebound in high altitude, with attention from above95.7-97.0dollar/Bucket, lower support attention91.0-90.5dollar/Bucket.


Serve as an analyst and commentator for well-known financial channels such as "Golden Net" and "Globalforeign exchange》Professional contributors to several well-known financial forums such as "Huitong Net" and "Zhongjin Net", specializing in short, medium, and long term operations of gold, crude oil, and silver. Investment is risky, and caution should be exercised when entering the market. Suggestions are for reference only; This article is original by Dingsheng Jinshi, who carefully writes every analysis and conveys valuable investment concepts. If there is any similarity, it is purely plagiarism. Readers should be discerning and respect originality!

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