What news has recently affected the trend of gold? How to study and judge the long and short of gold today?
Analysis of gold news: International gold prices hovered around $1,970 per ounce on Friday (July 21), and the Federal Reserve suspended interest rate hikes in June as scheduled. Almost all Fed officials believe that "further" interest rate hikes in 2023 will reduce inflation is suitable. Powell emphasized that it is necessary to raise interest rates twice this year, and it is believed that there will be more interest rate hikes, and the possibility of taking actions in consecutive meetings cannot be ruled out. U.S. retail sales data for June fell short of expectations, but core sales remained firm. The monthly rate of retail sales in June recorded 0.2%, which was the third consecutive month of growth, lower than the expected 0.5%, the previous value was revised up from 0.3% to 0.5%; the number of initial jobless claims in the United States until July 15 It recorded 228,000 people, lower than the expected 242,000 and the previous value of 237,000, a new low since the week of May 13, 2023, and market expectations for further interest rate hikes by the Federal Reserve after July have intensified.
Gold market trend analysis and operation suggestions
Gold technical analysis: Looking at the daily structure of gold, since Tuesday's sharp rise, the short-term market has been technically overbought, and there are signs of top divergence. However, the market did not have a clear willingness to repair, but continued to fluctuate at a high level, showing an emotional trend. From the perspective of gold's own technical structure, it is not easy to continue to rise. Daily-level overbought and top divergence signals have appeared, and the technical backlog of adjustment needs is increasing. The sentiment in the gold market continued to rise under the influence of pessimism about the U.S. dollar, resulting in a complicated and uncoordinated situation. 1-4 hour level, gold finally took a turn for the better on Thursday after the initial bearish position in the U.S. market. For now, gold 1963 is a very important support position, otherwise I would not take 1963 as an empty order target location. Moreover, 1963 is the 382 position of this trend, and it is also the bottom position of the long-short channel. Therefore, I don't need to say more about the importance here. You can see the channel here. In the early stage, it stepped back on the bottom of the channel support twice and then rebounded again to reach a high point. At present, 1963-65 is the bottom of the channel. If it is stable within the day, then the market outlook may continue to rise, or even reach a high point. On the contrary, if 1965 cannot be stabilized, then it is possible to test the support near 1952. Today's gold short-term operation ideas suggest that the top focus on the 1983-1988 first-line resistance, and the bottom focus on the 1960-1955 first-line support.
Suggestions for short-term operation of gold
Empty order strategy:
Gold rebound: 2/10 short position (buy down) around 1980-1983, stop loss 8 points, target around 1975-1970, break position to see 1965 line (suggestion is for reference only, investment is risky, you need to be cautious when entering the market!)
Multi-single strategy:
Gold pulls back around 1963-1965 to do long (buy up) 2/10 position, stop loss 8 points, target around 1970-1980 (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
When you read this article by Peng Guangzhe, it proves that your operation is not ideal, but you are not reconciled. I am not reconciled to having all my funds taken away by the market in this market. But where is the problem, friends, please rationally analyze why you are always slower than others. Guangzhe has always emphasized that to reasonably control positions, the main focus is to control risks. If you want to make an investment overnight, you will have a hundred nights to regret it. What we learn is knowledge, and what we accumulate is wealth! There are no 100% orders in this market, and there will always be mistakes. What the market lacks is not a teacher or a strategy, but a qualified risk controller. If you are always the same on the road of investment, then you are a real failure!
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