Dingman:7month31International Gold Morning Market and Operational Suggestions

Dingman:7month31Japan InternationalgoldMorning Market and Operational Suggestions


Investment is not speculation,Seizing the right timing is the key to long-term profitability.----Dingman (buckle:351-733-4089）




International news:




Last Friday（7month28The United States has released a series of mixed data, makingNYMEX 8Monthly delivery of goldfuturesrise in price8.40USD or0.7%, to1268.40dollar/Ounces, the cumulative increase last week1.1%, rising for the third consecutive week;






Last week, precious metals continued to rise, mainly benefiting from the performance of the US Congress and the Federal Reserve. At the beginning of the week, the political turmoil in the White House gradually faded, which led to a drop in gold prices. However, on Tuesday, the House of Representatives passed a bill to sanction Russia, causing further tension between the two sides. On the same day, the Trump healthcare reform bill passed in the SenatetoupiaoThe vote has failed. He had previously stated that he would carry out tax reform through healthcare reform, but this failure has made his future deployment even more distant. The market's expectation of whether the stimulus can be implemented is biased towards negative, providing support for gold prices.






The shining appearance of the Federal Reserve on Thursday propelled the rise of gold. The Federal Reserve released early Thursday morning7In the monthly meeting statement, some key wording has changed, especially on the issue of inflation, acknowledging that the decline in inflation is a long-term phenomenon rather than being influenced by short-term factors as previously mentioned. This statement is seen by the market as a "dove like" signal, causing gold to quickly break through1260The US dollar barrier. （V：chz0905 Verify Ding Man)






The next day, we will release the actual results of the second quarter in the United StatesGDPRecorded initial value of annualized quarterly rate2.6%It meets the expectations of all parties and is much higher than the previous value, but it has been proven that this is not enough to offset the impact of the Federal Reserve's "pigeon" sound. Gold continued to rise after a slight decline. Shortly thereafter, news of North Korea's missile test pushed last week's upward trend to a climax. On the evening of that day, North Korea conducted its second test launch of a ballistic missile capable of flying to the United States mainland, triggering a final frenzy among bulls, and gold prices soared to1270Above the US dollar.




Last week's gold market review:




The strong trend at the beginning of the week, the pullback in the middle of the week, and the sharp rise at the end of the week have led to a pattern of first rising, then falling, and then rising again for gold this week. The strong upward trend on Friday has pushed the development of the gold market this week to a climax, closing at1270Nearby. Last week, gold was1260Near the top, there is pressure to retreat, and the potential energy consumed by the excessive rise of the bulls is enough to trigger a strong pullback by the bears. Gold hit its lowest point of the week in the middle of the week1244Nearby. Although another wave is approaching10The decline of the US dollar, but I am still optimistic about the upward trend of gold. As expected, there was a turning point on Thursday, with the Federal Reserve's interest rate resolution. The early Thursday morning resolution caused the US dollar to plummet, and gold continued to rise, pushing the bullish trend of gold to a higher level. Afterwards, gold stabilized in1260Nearby, although there has been a short-term pullback, it still cannot suppress the strong bullish trend of gold. The actual US Q2 released on Friday eveningGDPAlthough the annualized quarterly rate was announced to be the same as expected, the US dollar continued to decline in the short term due to the influence of the Federal Reserve Congress, while gold slightly rose, touching the highest point of the week1270。






Although gold has shown strong performance this week, it is not ruled out that gold will experience a significant pullback next week, as the US dollar index has fallen to its lowest point in nearly a year, and next week will usher in8Monthly Nonfarm Report, Author Ding Man（V：chz0905 Ding Man believes that if the non farm sector continues this month's significant growth performance next week, there is a risk of a significant setback in the upward trend of gold prices, and it is likely to fall behind1260The US dollar level, even1240US dollars. Of course, if the non farm performance is weak or worse than expected, it will greatly stimulate bullish sentiment in the financial market, and gold prices are likely to be impacted1280By doing so, gold is expected to challenge itself once again1300Gateway.






For1300Da Guan, gold has experienced two shocks since the beginning of this year1300The opportunity to pass the level, once in a while4In mid month, once at6At the beginning of the month, both were before and after the Federal Reserve raised interest rates, indicating that the Fed had a huge impact on the trend of gold. In the first half of this year, the Fed also completed two interest rate hikes, which may have led to two shocks1300The root cause of failure, and the most likely reason for raising interest rates in the second half of the year now is12Month, and9The monthly balance sheet also faces this huge challenge, and without the obstacle of interest rate hikes, the gold price has broken through this time1260The US dollar seems to have already been seen1300At the end of this final sprint, there are basically no obstacles. From a long-term perspective, Ding Man believes that this bullish market may be the most likely to break through1300The timing of the big challenge.




Gold market analysis:











The closing date for July is the last trading day of today, with the opening price in July1242As of now, the lowest price1204, highest price1271Nearby, current quotation1269From the current perspective, the possibility of a bullish candlestick with a bottoming out of the golden monthly line is amplified, and the downward trend of the monthly line is suppressed1268On the front line, while paying attention to monthly consolidation5Breakthrough at the top of the month interval, once the downward trend line and consolidation occur5The monthly range has been broken through, and the future market is expected to follow a bullish trend at the monthly level. At the same time, once it effectively stabilizes1268Breakthrough in the future trend of gold1296，1330The possibility will increase.






From4Looking at the hourly chart, gold breaks through key resistance areas1258-1264Opening up the upper space, the moving average diverges, while the Bollinger Bands diverge and break through the previous high points. However, the current price is near the upper track of the Bollinger Bands, and there is a demand for further upward movement, but it is about to run at a high level. Once there is a dead cross, there is a risk of a pullback, indicating that the bullish trend in gold continues, but there is a need for correction in the short term; from1Looking at the hourly chart, the price is on the upper track of the Bollinger Bands, while the high level view shows a sharp dropKLine shape, there is a need for correction in the short term, please follow below next week1260Support from above, pay attention to1296The pressure level.






Overall, the weekly chart closed with a bullish candlestick for three consecutive weeks, forming a bullish trend. On Friday, the daily chart continued to close with a bullish candlestick, and the bullish strength strengthened;4In the hourly chart,1264The high point in the early stage of the first line was broken through, and the bullish trend continued. The moving average began to diverge, while the standard bullish line hit upwards one by one, breaking through key areas of the daily chart1258-1264The upper space is opened, and the bulls have strong power; Comprehensive weekly, daily4Looking at the hourly chart, it is expected to continue the bullish trend this week and continue to rise. Follow below next week1260Strong support on the front line, with attention from above1296On the front line pressure level, there was a decline in operations at the beginning of this week, with many dips.




Suggestions for Gold Day Operations:




1.Callback1265Long nearby, stop loss4USD, target1272Nearby;


       (Deduction:351-733-4089）


2.rebound1273-1275Short term short position in light positions, stop loss3USD, target1268-1265.