==== What news has recently affected the trend of gold? How to judge the long and short of gold this week? ====
Analysis of gold news: On Wednesday (May 10) in Asia and Europe, spot gold fluctuated and fell , and it is now at $ 2,030 per ounce, after hitting a high of $2,038 per ounce earlier. Federal Reserve Governor Jefferson said on Tuesday that the U.S. economy was slowing in an "orderly manner," while New York Fed President William Williams said it was too early to say whether the central bank had finished raising interest rates. Although gold is considered a hedge against inflation, rising interest rates have made the non-yielding asset less attractive. Face-to-face talks between U.S. President Joe Biden and top congressional officials on Tuesday to raise the $31.4 trillion debt ceiling failed to break the impasse, putting the U.S. at risk of being forced into an unprecedented default on its debt in three weeks.
Gold prices were flat in early Asian trade on Wednesday as traders braced for inflation data that could affect the U.S. Federal Reserve's policy stance. The market currently expects an 83% chance that the Fed will keep interest rates at current levels in June.
Today's key U.S. CPI: U.S. CPI rose 5% year-on-year in March, narrowing by 1 percentage point from February's 6%, the smallest year-on-year increase since May 2021; the U.S. will announce April CPI tonight, which is expected to remain relatively high . If it falls further, it will be bullish for gold and silver as a whole, and vice versa. The probability of expected profit is relatively high.
==== Gold market trend analysis and operation suggestions ====
Technical analysis of gold: The daily gold line has partially entered the see-saw of high volatility. Judging from the market this week, there is no obvious unilateral market. Long-term see-saw oscillation is the main style. Accompanied by repeated dips and rebounds, after yesterday's dips, today it is faced with choosing a shock range again, and the daily line continues to see high volatility. The volatile market is very good news for short-term investors. The market traded sideways, showing a narrow range of shocks for two consecutive trading days, and there has been no change in the structure. It is still a continuation of last Friday's non-agricultural bottoming out.
Looking at the 4-hour chart, the market is at a critical point. For the bulls, if they cannot break through the resistance of the 2040-45 line above in a short time, they will continue to maintain the same rhythm as the sideways market. In the medium and long term, we still need to continue to watch the decline. On the whole, today's gold short-term operation idea suggests that the rebound should not be broken and short-selling should be the main strategy. I will remind you of the specific operation strategy in the market, and ask me to pay attention in time.
==== Gold short-term operation advice ====
Empty order strategy:
Gold rebound: 2/10 short positions (buy short) in batches around 2040-2043, stop loss 8 points, target around 2030-2022, look at the first line of 2015 if you break the position (suggestion is for reference only, investment is risky, you need to be cautious when entering the market! )
Multi-single strategy:
Gold pulls back around 2020-2022 to do long (buy up) two-tenths of the position, stop loss 8 points, target around 2030-2040, break the position to see the 2045 line (recommendation is for reference only, investment is risky, and you need to be cautious when entering the market!
====Peng Guangzhe—Speak the truth to friends who invest====
Whether the market is skyrocketing, plummeting, unilateral or turbulent, are you always unsure of it? It is the so-called falling when you buy, cutting when you fall, rising when you cut, chasing when it rises, chasing after chasing, and cutting when you set a set. This is like a dead set. Funds continue to shrink, and the process has been cyclical. If you are in such a cycle, please stop and think about it, sum up your experience and lessons, and get ready to go. Peng Guangzhe has always said that reasonable control of positions is mainly based on risk control. I am not a god, and I will make mistakes. Although I cannot guarantee that you will only make profits, I will be a qualified risk controller. I will use a serious and responsible attitude, accurate point judgment, and a stable order-making method to guarantee you overall long-term profit. The above are some sincere suggestions from Guangzhe. If you are losing money at this time, consolidate the above knowledge points and don't be blindly depressed. The mentality is very important on the road of investment. Failure is not terrible. What is terrible is that you are unwilling to sum up. If you are always the same on the road of investment, then you are the real failure! No matter what state you are in now, Guangzhe hopes that these articles can bring you a little bit of help!
This article is exclusively planned by gold analyst Peng Guangzhe. I would like to thank the readers for their love and support for this article. I hope everyone can gain and understand from Guangzhe’s article! Regardless of whether the opinions and strategies of the article are consistent with everyone's opinions, everyone can find the author to discuss and learn with me!