Dingman:8.1Waiting for the International Gold Outbreak and Seizing Opportunities

Dingman:8.1Waiting for InternationalgoldOutbreak, seize opportunities




Market news analysis:




Gold closed slightly lower yesterday, but the resurgence of political turmoil in the White House will be beneficial for the future trend of gold prices. The market turbulence briefly subsided on Monday, causing gold prices to slightly decline after the previous week's soaring performance. The market has had a peaceful day,However, most analysts believe that the market's calm is only temporary. The issue with the White House Chief of Staff has just been resolved, and another issue is about to arise. According to sources cited by The New York Times, US President Trump has decided to dismiss Scaramucci from his position as Director of the White House Communications Office due to a conflict with newly appointed Chief of Staff Kelly. However, as the main highlight of this week, non-agricultural data is about to take place on Friday. Although the market performance was mediocre on Monday, it has basically maintained this strong state. It is expected that the market will once again stir up a wave before the data. (Deduction:351-733-4089）




Overall, despite the severe selling pressure on the US dollar, the increase in gold is relatively limited, mainly due to high-risk sentiment making it difficult for safe haven gold to find demand support. On the other hand, this week's non-agricultural data is crucial as it will open up the entire process8If the monthly gold trend falls back from last month's high as predicted, then this month's gold price will break through1300The probability of a major hurdle will greatly increase, while also further suppressing the Federal Reserve's expectation of interest rate hikes.






Analysis of International Gold Market:



Although the non farm week officially kicked off yesterday, coupled with yesterday's closing battle as the monthly line, the performance of gold prices was somewhat disappointing. The current gold price is taking advantage of the setback of the US index and the Federal Reserve's interest rate hike as an opportunity to conquer in one fell swoop1265The checkpoint is generally high, but the overall fluctuation of gold is not significant, mainly concentrated in1266-1270Amidst the oscillations between communities. Even though there was not much fluctuation yesterday, the strong state was basically maintained, and it is expected that the market will once again stir up a wave before the non-agricultural data.




From the hourly line, the price of gold still remains at1266-1270Within the range of fluctuations, it is expected that the intraday market will revolve around1268On the first line of volatility, the US dollar fell below overnight93After the first line, there was a slight rebound in the opening today, possibly due to a pullback caused by two consecutive days of sharp declines. It is expected that gold will be slightly under pressure during the day, but as long as the gold price does not fall below the volatile range, there will be little change in the gold trend.




Bling brings a balanced view of the three tracks and suggests that intraday operations should mainly focus on selling high and buying low, and maintain a cautious attitude before the release of non-agricultural data; But we also need to be cautious of changes in the market's risk aversion sentiment, as the current market's risk aversion sentiment is already on the verge of triggering a new round of explosive market trends at any time.





Suggestion for intraday gold trading: Step back1264-65Go long, stop loss at1260, Objective1270-71, take a break to see1275-1280。




In the investment process, there are always some external factors that we must overcome. We must endure loneliness, resist temptation, see the traps clearly, and seize opportunities. The ultimate victory will surely belong to us!


writing/Ding Man（v:chz0905 Verify Ding Man)