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: On Thursday (July 6), international gold prices remained volatile. In the early hours of this morning, the Federal Reserve announced the minutes of its monetary policy meeting and the speeches of Fed officials, which increased market expectations for interest rate hikes, increased support for the U.S. dollar index to a certain extent, and increased the power of the U.S. dollar index for gold prices. Gold prices gave up their gains. Overnight, spot gold gave up all of its intraday gains and ended down 0.51% at $1,918 an ounce, as the minutes of the Federal Reserve's policy meeting last month reinforced expectations that interest rates will remain higher for a longer period of time. Looking ahead, risk catalysts are critical to watch for a clear move in gold prices. Among them, the headlines and the recession will take center stage. In addition, US ISM services PMI and ADP employment change data for June will be crucial as they will help determine the all-important non-farm payrolls data on Friday and affect gold prices.
At 20:15 Hong Kong time on Thursday, the US ADP employment change data for June will be released, which is expected to increase by 228,000, after an increase of 278,000 in May. Known as the "small non-agricultural" data, it has received high attention. At 22:00 Hong Kong time on Thursday, the US ISM non-manufacturing purchasing managers index (PMI) for June will be released, expected to be 51.0, up from 50.3 in May. Investors will have the U.S. non-farm payrolls report on Friday. According to a Reuters poll, U.S. non-farm payrolls are expected to increase by 225,000 in June, and the unemployment rate is expected to slip slightly to 3.6%.
Gold market trend analysis and operation suggestions
Technical analysis of gold: Gold explored highs and fell back yesterday, the daily line closed with a small negative line, and the first line of 1935 was under pressure, and the key resistance 1938-1940 was not broken. If the high does not break through the 1938-1940 resistance point, the short-term will still return to the horse * style. After the upward test yesterday, it quickly switched back and closed down. Although the daily line is still a small Yin K line, the entity is not big. However, the space for retracement broke the slow consolidation at the beginning of the week, and returned to the weak operation below 1920. The daily line is still in the shock correction within the range. Waiting for a breakthrough.
In the 4-hour chart, the double-yin line probed highs and fell back, fell below the middle track and closed below. The 4-hour chart broke the rising step, and at the same time, it was blocked at the high point of the platform and fell back. As long as the 1935 high is not recovered in the short-term today, the short-term will be bearish again, combined with signs of a slight recovery of the dollar. It will further suppress the price of gold to fall back to the low point of 1900-1893. In the 1-hour chart, there was a wave of consecutive negative declines. At present, the middle track has been converted into resistance, and the low point near 1923-1925 has been converted into resistance. On the whole, today's short-term operation of gold, Guangzhe suggested that the rebound should be mainly short-selling, and the callback should be supplemented by long-selling.
Suggestions for short-term operation of gold
Empty order strategy:
Gold rebound: 2/10 short position (buy short) around 1923-1925, stop loss 8 points, target around 1920-1910, break position to see 1905 line (suggestion is for reference only, investment is risky, and you need to be cautious when entering the market!)
Multi-single strategy:
Gold pulls back around 1905-1908 to go long (buy up) two-tenths of the position, stop loss 8 points, target around 1915-1920, break the position and look at the 1925 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
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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