Wan Jinsheng11.17Weekly review: Why did gold plummet? When will gold return to long positions?

    I haven't written it for a whilegoldI have analyzed the comments and mainly focused on trading and guidance. In the early stage, there was a continuous and significant rise in the one-sided bullish market. I closed my eyes and looked long without much technical explanation. The direction is clear, the trend is continuous, the market is strong, and the typical characteristics of a one-sided market are often accompanied by technical signals during long short transitions. This time it is the same, with a large bearish trend covering a bullish trend and being suppressed for several consecutive days10Below the daily moving average, when the weekly line closes at a large cross, one should be cautious of any potential changes, such as the cross of a large cycleKPay special attention.

    Moreover, with gold at such a high level, deviating too far from the 100 day moving average, and walking for too long, there is a need for correction. It is only a matter of timing that there is no permanent rise or fall. The 100 day moving average is the axis, and running around it is a normal trend. On the surface of the message11.5The major news of the US presidential election directly determines the direction of the market, while the technical aspect only assists in judging trends and points.

    from2790—2536Drop by up to254The US dollar is only for a short period of two weeks. Why did Trump come to power and gold plummeted? Because its policies basically follow the principle of US priority, it is bound to boost the US economy in the short term, so the US index has risen rapidly recently, and the 10-year treasury bond bond has also climbed to4.5Nearby, accelerate capital flow and take profits from long positions in gold. In addition, Trump's coming to power in Russia-Ukraine conflict may stop.

    Therefore, under the influence of various factors, such as Trump's coming to power, the bullish market of gold ended and ushered in a plunge, which will be under pressure in the short term. At the end of the year, the two months were dominated by adjustment, and the bullish market may return to the bullish market after the Spring Festival, and the current round of decline may approach the weekK30Daily moving average, look618Location is sufficient.

    Next week, gold has already gone through six consecutive bearish declines, touching the 100 day moving average, and the price has also reached50%Golden Section2536Frontline support, limited rebound strength, short-term bearish trend unchanged.

    On Friday, the overall volatility of the low-level sideways trading was not significant. The daily chart closed with a small bearish cross, while the weekly chart closed with a large bearish cross for two consecutive weeks. There will be further decline next week, so pay close attention to it2530—2513frontline.For Monday's gold, short-term trading is around2575Frontline pressure bearish, support below to see2554, take a break to see2536—2537Low point!

    ——Text/Wan Jinsheng, please indicate the source when reprinting. Investment is risky, and caution is required when entering the market!