Yang Lang's release:The convoluted market situation is difficult to stop the bullish trend of gold bullish attacks

Trading is a process of choice. In order to achieve the goal you have set for yourself, you must first learn to persevere and decisively reject various temptations, even if one person repeats boring days, savors loneliness and loneliness. We need to believe in ourselves, constantly motivate ourselves, and even if our perseverance is not fulfilled in the end, we can face it calmly. The honesty after wholehearted dedication, at least not to give up easily and regret it. The development of the world should be moderate, not overly pursuing perfection, but exaggerating too much. With small achievements, one should not blindly pursue areas that cannot be achieved. They already have a strong foundation and do not have the ambition to swallow the world. For example, in the current market trend, short selling along the way has resulted in huge profits, while waiting for a bottom signal. Just a rational view of the market situation, trading is not overnight, nor is it a one size fits all approach.

Boosted by multiple positive factorsgold

Gold continues to benefit from the Federal Reserve's interest rate resolution, coupled withfuturesShort covering in the market, gold futures prices on Thursday（7month27The closing price has risen by nearly1%Created from6The highest closing price since mid month. Gold is breaking through1260Unable to stabilize after the checkpoint, the US market hit its lowest point during trading on Thursday1254.02dollar/Ounce, a sudden jump in the short line, retreating once again1260Below the front line.guidanceQ-Q1951-4240-48, Strength Experience Group4377-9015-4, Verify998 Consultation-Inquiry-by-hearteqf889

  
On Thursday, the US dollar stopped falling and rebounded, showing a trend of bottoming out and rebounding, with the US dollar index rising0.3%to93.91But still close to13A low of months. The overall data released within the day indicates that the US economic growth is still relatively strong:7month22The number of initial claims for unemployment benefits in the current week is24.4Ten thousand people, continuous125Weekly Below30Wanguan Pass, Continuously Creating1970The longest since the beginning of the year; United States6The monthly rate of durable goods orders has significantly increased6.5%, far higher than previous values and expectations. Both Barclays and Goldman Sachs will report the second quarter of the United StatesGDPExpected increase in growth rate, respectively from2.4%Up to2.7%From1.9%Up to2.2%。
  
Apart from the US dollar, the biggest impact on gold this week is still Trump, and this supportive effect in the future is still worth looking forward to. On Thursday of this week, six leaders from both houses of Congress and the White House jointly issued a statement, stating that they had discussed the benefits of border adjustment taxes, but there were still many unknown factors. The six unanimously decided to shelve this policy to advance tax reform. This statement declares the end of the border tax adjustment policy that Trump considered a key economic policy at the beginning of his campaign. Next, investors can focus on the progress of Trump's tax reform policy. The emerging political and economic elites in the United States believe that Trump's policies have learned a lot from the failure of the healthcare reform bill, which may accelerate the process of the tax reform bill.

Summary of Gold Market Analysis:

Since Monday this week, gold has been emphasizing that encountering structural resistance levels above will create suppression. From the recent trend, gold has been greatly affected by fundamentals. The Fed's decision to maintain interest rates is undoubtedly bearish for the US dollar index, bullish for gold, etc. Firstly, the market generally believes that the Fed's interest rate decision will save the US dollar index from the bearish trend. However, the result was a great disappointment, and it once again resisted in the form of a sharp decline. The US dollar index closed in a bearish position yesterday, indicating that it is expected to further decline in the future, which will also support the upward trend of gold prices.guidanceQ-Q1951-4240-48, Strength Experience Group4377-9015-4, Verify998 Consultation-Inquiry-by-hearteqf889


From the trend of gold, the rebound at the beginning of the week was hindered, and it fell under pressure. Currently, with the support of fundamentals, it has broken through the deadlock, breaking through the previous high in one fell swoop, forming a bullish trend in the short term, and maintaining high consolidation. On WednesdayKCollect the Dayang line and collect it at1260Above, the bullish performance is too strong, and Yang Lang has been emphasizing the previous band this time1296-1204Rebound61.8The location of the1261That is to say, if gold stabilizes at this position, it will further rise. Yesterday, the overall white market was at1261Upward consolidation, in the evening session, with positive unemployment benefits data, gold once again began to rise, extending the bullish trend. The hourly line is currently at a high level, forming a consolidation band. Last night, the impact of unemployment benefits was not significant, and the short-term decline has slowed down.


Spot gold operation strategy:

1Gold Callback1255Multiple, stop loss1250, Objective1265；

2First Touch of Gold1267Empty order entry, stop loss1270, Objective1255；





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writing/Yang Lang's release