Xu Jingzhong#7.28The US index is weak, and London's bullish gold is still present

Message surface:


  yesterday20:30Monthly rate of durable goods orders announced6.5%, far better than expected3%And just established last month11The largest monthly decline, with a strong rebound here, makes the market look forward to the second quarter of the United StatesgdpIt will grow milder than expected. Affected by thisgoldMeipan Challenge1265Resistance, ultimately unsuccessful, breaking down1259.5The low point has officially established a short-term downward trend. Unemployment benefits announced simultaneously24.4Ten thousand, continuous125Weekly Below30Wanguan Pass, Continuously Creating1970The new low this year is also a bearish trend for gold, helping to push the gold price below the limit1259.5low point.
  Thursday morning2The Federal Reserve has shown pessimistic inflation expectations, which is a strong breakthrough for gold1258The thrust of rising from low points is stepping back in the Asian session1259.5After the low point, the author gave a quote for early trading1260Multiple orders arrive immediately1264.5Profit; It is possible to fall if the market continues to rise horizontally. The strong US market data has caused short-term gold to shift from rising to falling, and the medium-term correction still requires the layout of bullish positions. High level horizontal trading of gold, current report1260dollar/Ounces, support pressure level high and low, pressure level1266, support position is1255The boundary between long and short is1255Sort out the market trend by buying first and then selling later.

Analysis of Gold Operations:　　
  Since Monday of this week, it has been emphasized that encountering structural resistance levels above will create suppression. From the recent market trend, gold has been greatly affected by the fundamentals of the market. The US Federal Reserve's decision to maintain interest rates unchanged is undoubtedly a bearish sentiment towards the US dollar index and bullish sentiment towards gold. Firstly, the market generally believes that the US Federal Reserve's interest rate decision will save the US dollar index from the bearish trend, but the result is greatly disappointing, Once again, in the form of a sharp decline to resist, the US Composite Index closed bearish on the daily chart yesterday, indicating that the future is expected to further decline, which will also support the upward trend of gold prices. Currently, from a technical perspective, the rebound at the beginning of the week was hindered, and under pressure, it fell back. Then, with the support of fundamentals, it broke through the deadlock, broke through the previous high, formed a bullish trend in the short term, and maintained a high consolidation. Yesterday, the white market was overall in the1261Upward consolidation, in the late trading session, with bullish unemployment benefits data, gold once again began to rise, extending the bullish trend and then rapidly falling to1254.3On the front line of the US dollar, gold prices have fallen slightly.4On the hourly chart, after yesterday's interest rate resolution was announced,4A large bullish line was drawn on the hourly chart, which directly engulfed the recent high point1258The pullback since then has stabilized1258Above, the market subsequently opened up an upward trend, reaching a peak of1265First line, then fell before the opening of the European market, and stepped back on the hourly line, currently forming a consolidation band, constrained by the upper limit1265And1270Short term resistance on the front line, with downward force1254The support has slowed down the short-term decline.


Gold operation suggestions:


  1Suggest falling back to1256And1258Multiple orders entering nearby, stop loss4USD, target1262And1265frontline

  2Suggest meeting for the first time1268And1270Nearby empty orders enter, stop loss4USD, target1262And1260frontline

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  This article is from "Xu Jingzhong", a nationally certified gold analyst. Welcome to add "Xu Jingzhong":xujingzhong
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