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 Wednesday (July 5) in the Asian market, spot gold continued to fluctuate and is currently trading around $1,921 per ounce. A survey by the Institute for Supply Management (ISM) on Monday showed the contraction in activity led to layoffs at factories. The situation is worse than it has been in previous months. On the face of it, the ISM survey fits the perception that the economy is in recession. But hard data, including nonfarm payrolls, initial jobless claims, consumer spending and housing starts, still suggest the economy is struggling to grow. Still, the risk of a downturn has grown as businesses and consumers grapple with the 500 basis points of interest rate hikes by the Federal Reserve since March 2022. It was the Fed's fastest monetary policy tightening in more than 40 years. This provides further reasons for doubting that an economic recession is imminent. Overall, although the poor performance of US manufacturing data has dragged down the trend of the dollar and provided support for gold prices, the probability of the Fed raising interest rates in July is still high, and US bond yields The maintenance of strength has made gold bulls apprehensive, and it is expected that short-term gold prices will tend to fluctuate.
Gold market trend analysis and operation suggestions
Gold technical analysis: Looking at the 4-hour chart of gold, the price pierced the upper line and closed below, and is currently running near the upper line. The stochastic indicator KDJ shows the Sicha overbought situation. On the hourly chart, the price has formed a three-wave upward trend, and it runs above the trend line and at the same time above the down line. There is a second-line suppression on the daily chart, the four-hour chart shows an overbought signal, and the hourly chart shows corrections and pull-ups. However, the current lack of a news primer makes it difficult to make a big rise or fall. The four-hour chart needs to be corrected, but the hourly chart does not support it. Therefore, in the next step, there may be a situation where the hourly chart hits the top again and then turns empty, which will cooperate with the resonance downward of the four-hour chart. The current trend of gold is volatile and is still limited by the pressure of 1933. It is recommended to rely on this pressure to continue to be short and bearish. The daily trend of gold shows a downward trend. Although it has gained support and oscillated around 1890 in the short term, it has completed the rebound period and encountered resistance to form a second high. Now it is more likely to enter the callback decline stage or high sideways trading. Therefore, relying on the pressure of 1933 to continue shorting, unless the market breaks through 1933 strongly, otherwise this bearish thinking will be maintained. On the whole, today's short-term gold operation idea, Shang Guangzhe, suggests 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 1930-1933, stop loss 8 points, target around 1925-1920, break position to see 1915 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 1913-1915 and takes two-tenths of the position (buy up), stop loss 8 points, target around 1920-1930, break the position and look at the 1935 line (suggestion 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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