Xianjiang's Discussion on Gold: Late Review, Gold Price Influenced by Politics, Direct Charge1280A line of clouds and sky!

Summary:goldPrices continue to rise due to geopolitical risks, and have basically stabilized1270Pass, today's gold price correction may be the best entry time.




Message surface:
Chicago Federal Reserve Chairman Evans said on Wednesday that low inflation rates do not prevent the Federal Reserve from starting to shrink its balance sheet next month, but may force it to postpone interest rate hikes12Month or later. It can be seen that some Federal Reserve officials are unwilling to raise interest rates too early. They are mainly concerned that raising interest rates when the economy is not prepared will reverse the slow but obvious economic recovery.


Due to the ongoing escalation of tensions between the United States and North Korea, which has stimulated increased demand for safe haven, the price of gold jumped yesterday8At a weekly high, it achieved the largest daily increase in nearly three months. After a series of missile tests in North Korea, US President Trump issued a warning of potential "fire and thunder" against the Kim Jong un regime, leading to an increase in market demand for safe haven.




Gold market analysis:
Gold opened early in the day at1259.9At the beginning of the Asian session, gold saw a significant rise in the US dollar and briefly touched the upper limit1267First line, followed by a slight decline, while gold prices remained stable in the later stages of the Asian and European markets1263.4-1269The range maintains a fluctuating upward pattern. On the eve of the US stock market listing, due to the intensification of tension between the US and North Korea, gold prices began to rise strongly, with the highest intraday price being1279Near the US dollar, followed by a slight decline in the market, currently trading on1276Near the US dollar. Now that the hourly chart has broken through and the price has closed higher, it can be said that the bulls are stable, but the US market has fallen in the time cycle.


Currently, from the Golden Day online perspective,KThe line is supported by the middle track line of the Bollinger Bands below, and two positive bars are recorded, indicating the current rebound strength. The Bollinger Bands continue to maintain an upward trend, and the fast and slow lines on the indicator move upward with a golden cross,MACDRed kinetic energy column reduction, short-term4On the hourly chart, gold broke through the suppression of the previous downward trend line in the evening and also broke through the previous high point1270On the front line, the bearish trend is coming to an end, and it is expected to further rise in the future. Currently, based on indicators, gold is operating on the upper track of the Bollinger BandsRSITurn the head upwards from a high position,StochThe high dead cross of the indicator means that gold is facing a short-term pullback, but the magnitude of the pullback will not be too deep. Stepping back is giving the opportunity to go long, from the perspective of indicatorsRSIHigh position turning head downwards,StochThe indicator has a high dead cross, and gold has closed negative at a high level. The short-term is facing adjustment, and after the adjustment, continue to go long and look up. Pay attention to the upper level1280Line pressure level, pay attention to below1270-68First line support position.


Golden Operation Strategy:
     1Falling back1268-1270Long, stop loss4US dollars, look at the target1278-1280First line, breaking through and holding;


     2Above1280Short selling is possible due to obstacles on the front line, stop loss4US dollars, look at the target1272-1270Below.




crude oilMarket analysis:
　　 From a technical perspective, although crude oil has not broken through like gold, the triangular range has become increasingly tight, rising and falling, stopping the decline and rebounding, and then rising and falling again. Recently, crude oil has been following these three steps, but it is still fluctuating in the range, with a large range locked in48.5-49.8From a four hour perspective, with two consecutive physical bullish pillars, oil prices have once again stabilized on the Bollinger Bands49.3At the same time, the upward trend of oil prices has broken through the support of all moving averages, indicating a strong short-term bullish trend. However, attention should be paid to the high points that have been hindered and fallen several times before49.8On the technical side of the daily chart, oil prices still operate at49Above the US dollar, short-term upward pressure10Daily moving average at49.8Zone suppression, further pressure level still looks towards50The integer level of the US dollar, while the support below remains focused on48.5One area. From the current trend, the rebound of oil prices is limited, and the upward trend of oil prices is gradually weakening.


　　In terms of evening operation strategy, it is suggested to focus on high altitude and low altitude, while in short-term operations, pay attention to the upper level50First line pressure, below48.5Frontline support. Focus on the top50.4Line resistance, below47.8Strong support on the front line.


Crude oil operation strategy:
     proposal49.8Nearby empty orders enter, stop loss50.2, Objective49.2-49frontline.




The strategy of unwinding gold short orders
   
　　1、1272Friends who are covered in bedding nearby,Due to the strong upward momentum of gold, the gold market is bound to experience a pullback. Xianjiang Analysis believes that seizing the trend of this pullback and selling along with the trend is enough, and waiting for short orders to make a small loss and get out!


　　2、1268Friends who are covered in bedding nearby,Xianjiang suggests adopting the replenishment method at high points to reduce its losses. As mentioned above, such a large increase will inevitably be accompanied by a technical pullback. Short orders at this level should not be held for too long, and if there is a pullback, small losses will be eliminated. The future market is still a bullish trend, so your orders will become heavier and heavier, so it is not recommended to hold short orders!


　　3、1265Friends with empty sheets below,I believe you also have enough funds to support it, otherwise you wouldn't have reached the current level. This point is already heavily trapped. If the market continues to rise, if there is a pullback, it will be lost first, and if there is a decisive decision, it will be cut off. Gradually reduce your position and seize the opportunity to reduce losses as much as possible!




　　Message from Xianjiang:Opportunities always come, if you can't seize them, don't complain and worry about others, just because you're not excellent enough; Don't treat time like garbage. Only by cherishing time can we improve the quality of life; The straight line between two points may not be the shortest, and sometimes twists and turns can reach the finish line faster; If you're wrong, stop it. If you can't get it, give up; The faster the journey, the better. Grasping the right direction is the most important.




The above article is exclusively written by Xianjiang Lunjin, with some news excerpted from the internet. It is not easy to write the article. If there is any reprinting, please indicate the source. Warm reminder: Investment risks are involved, and caution should be exercised in operation. There may be some errors in the timing and market trends of the article, so please pay attention to observation.

writing/On Jin by Xianjiang