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: last Friday (June 30), spot gold prices closed up, and once rose above the $1,920 mark during the session. Gold was boosted as weaker U.S. personal consumption spending pushed U.S. Treasury yields lower, which led to a weaker dollar. This week focuses on the minutes of the Federal Reserve meeting. Fed Chairman Powell will participate in the discussion at the 2023 annual meeting of the Central Bank Research Association (CEBRA), focusing on related speeches and seeking more signals on interest rates; , due to the tight job market, the RBA is expected to continue raising interest rates this week.
Gold market trend analysis and operation suggestions
Technical analysis of gold: The 4-hour chart dipped and picked up the cross line and then received a rebound from the big Yang line. The short-term downward trend has slowed down, but it is still in the downward stage for the time being, but there is a little room for a rebound, which makes the short-term break through the weakness and re-enter the tug-of-war of shocks. From the perspective of the K-line structure, the sideways arrangement started to stabilize at 1893-1900 before, and the Dayang line pulled up to reconfirm the resistance. At the beginning of the week, the first two trading focus areas were confirmed. In the 1-hour chart, gold successfully emerged from the head-and-shoulders reversal pattern. Last Friday night, the gold price was supported upward at 1900 on the right shoulder, breaking through the neckline position, and fluctuating upward. The moving average system is arranged in a long position, relying on the price of gold, and the short-term objective trend is upward. It is expected that today's gold price will slightly return to the probe, shoulder, bottom and neckline to be supported and continue to move upward. 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.
Suggestions for short-term operation of gold
Empty order strategy:
Gold rebound: 2/10 short position (buy short) around 1922-1925, stop loss 8 points, target around 1920-1910, break position to see 1905 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 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!
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!