7.4 Can gold continue to rise? How the market develops today

==== 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 Tuesday (July 4) in the Asian market, the U.S. dollar index continued to be under pressure and is currently slightly below the 103 mark; spot gold remained around $1,923 per ounce. Gold bulls benefited from a weaker dollar as downbeat U.S. data failed to support the Fed's hawkish leanings. U.S. holidays may limit gold moves, but bullish move towards $1940/oz resistance appears intact. Gold prices were still hovering around $1,921 an ounce in early Asian trading on Tuesday after rising to their highest level in a week. Notably, the U.S. Independence Day holiday capped market performance, but recent downbeat U.S. data weighed on the dollar and kept gold prices on the radar of bulls.

 

==== Gold market trend analysis and operation suggestions ====

Technical analysis of gold: Looking at the 4-hour chart of gold, after a round of testing, the price of gold failed to open up the downward space for a fall, and there was intensive support below the 1905 line. Because the two lines of the MACD indicator failed to synchronize when the price broke low ahead, the gold price is currently rebounding Afterwards, there are signs of bottom divergence. In a short period of time, we need to pay attention to the two moving averages of MA5 and MA10, as well as the support effect of the 1910 line below. From the current point of view, the rebound pattern of the daily chart remains unchanged, regardless of whether it is a relay or continues to oscillate, but the short-term rebound pattern remains unchanged. There is still two K to formally form a real acceleration, so for today, the focus below is to buy with 1915 as the support, while the support focus is on the 1918 line, the upper suppression is still on the 1933 and 37 lines, and the breakout extends upwards to the 45 line. Considering that there is no U.S. market today, the market is expected to fluctuate during the day with limited fluctuations. Continue to look at 1930-35-40 above. As for the time to wait for four hours to officially turn short and cooperate with the hourly chart to resonate and enter the market, the specific operation is subject to the offline prompts. On the whole, today's short-term gold operation ideas Peng Guangzhe suggests that callbacks should be mainly long, and rebounds should be supplemented by shorting.

​==== Gold short-term operation advice ====

Empty order strategy:

Gold rebound: 2/10 short position (buy short) near 1935-1938, stop loss 8 points, target around 1930-1920, 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 1915-1918 to go long (buy up) two-tenths of the position, stop loss 8 points, target around 1925-1930, break the position and look at the 1935 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!
 

This article is exclusively planned by a gold analyst. I would like to thank the readers for their love and support for Guangzhe's 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!

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Origin blog.csdn.net/pgz6090/article/details/131533007
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