Li Wanxi:8month29Gold hits a low again, after rebounding, everything is empty

Li Wanxi:8month29goldBrush low again, after rebounding, everything is empty

Monday(8month29day)During the Asian period, spot gold prices are nearing a new peak5Weekly low point to1314.97dollar/Ounces. Yellen's speech at the annual meeting of global central banks last Friday clearly ignited the bullish ambition of the US dollar, putting pressure on gold prices. If you are still in a loss making state or have placed an order, don't worry. You can consult Li Wanxi's WeChat group for more informationjs6486Get the best advice for changing oneself and gaining profits.

　　8month19Recently, the gold price has reached its daily limit6Continuous decline. But compared to the exchange rates of major non US currencies against the US dollar, the closing decline in hardware prices last week was relatively small(Only for0.04%)Showing strong resistance to falling prices. The market may have already expected Yellen to show his hawk's beak.

At present, it appears that gold is in the fourth wave of upward retreat, with a focus on the current non-agricultural data. If the performance is poor or mediocre, there is a high chance that gold will retreat to1250Nearby location. The current support is1295Nearby location. At least until Thursday before this non-agricultural data, we should maintain a high-altitude mindset. Current resistance focus1325-28Nearby location. At least there is no gold standing here, so we can maintain a high-altitude mindset.

Gold Strategy: See intraday rebound1320-22Short selling nearby1325Replenishment stop loss1330Looking at the above objectives1305Limit of holding principal after guarantee1250.This is a band suggestion.

Attention: This week, the US will release personal income and expenditure reports and8Monthly non farm employment report, traders need to pay close attention.

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