====What news has recently affected the trend of gold? How to judge gold’s long and short positions? ====
Analysis of gold news: During the Asian session on Tuesday (August 15), spot gold continued to hover at low levels and is currently trading around $1,906.01 per ounce. The U.S. Treasury Secretary said Yellen said the U.S. economy was "on track," providing support for the U.S. dollar. ; Concerns about the economic prospects of major Asian countries also provide safe-haven support for the U.S. dollar. The U.S. dollar index rose 0.29% on Monday, rising for three consecutive trading days. It once broke through the 200-day moving average and hit a new high of more than a month to 103.46. U.S. bond yields also continued their rise and set a new high in nearly ten months. The price of gold has been suppressed significantly. In the short term, gold prices still have further downside risks in the short term, focusing on support near the 200-day moving average of 1902.66 and the June low of 1892.85. Tonight, we will focus on the monthly U.S. retail sales rate in July, which is known as "terrifying data" and is expected to have a big impact on the market.
====Gold market trend analysis and operation suggestions====
Gold technical analysis: In terms of daily structure, gold added another negative sign yesterday. Although the 200-day line of 1900 remained unbroken, the continuous negative closing and extreme decline still appeared to be extremely pessimistic and negative. The main reason for gold's recent extreme decline is undoubtedly the impact of the extreme rise in the U.S. index. However, this state also verifies the fact that gold bulls are currently not confident. In the short term, gold still retains the expectation that it may hold the 1900 support, but in the As the current market sentiment has not improved, this expectation may be diluted as time goes by. That is, if it falls below 1900, it is also allowed, but such a situation exceeds technical expectations, which is not good for the market. There is no operational benefit. During the day, the upper side continues to focus on the 5-day line 1915, and the upper main pressure focuses on the 10-day line near 1925. The daily moving average crosses downwards in a short position, which also brings a great test to short-term bull confidence.
Combined with the hourly chart trend, gold fell again yesterday under pressure from 1915/16, which was also a very extreme decline mode. There was a rebound near 1902, but it still failed to stabilize above 1910, and bulls had a serious lack of confidence. According to the current hourly chart structure, gold is expected to retreat again during the day. The 1900 level below is still the key support, but it can only stop the decline temporarily. It is difficult to say whether there will be full upward momentum. Taken together, today's short-term operation of gold In terms of thinking, Peng Guangzhe suggested that the rebound should be mainly short-selling, and the callback should be supplemented by long-selling. The top short-term focus should be on the first-line resistance of 1915-1917, and the bottom short-term should focus on the first-line support of 1900-1893.
====Gold short-term operation suggestions====
Short order strategy:
Gold rebounds: short (buy or sell) two-tenths of the position near 1913-1915, stop loss 8 points, target around 1905-1900, break the position to see the 1895 line. Suggestions are for reference only. Investment is risky, so be cautious when entering the market!
Long order strategy:
Gold pulls back around 1890-1893 and goes long (buy up) two-tenths of the position, stop loss 8 points, target around 1900-1910. The suggestion is for reference only. Investment is risky, so be cautious when entering the market!
====Peng Guangzhe - Tell the truth to my investment friends====
When you read this article by Peng Guangzhe, it proves that your operation is not ideal, but you are not willing to accept it. I am not willing to have 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 positions must be reasonably controlled, mainly focusing on risk control. If you want to get rich overnight when investing, you will regret it for a hundred nights. What we learn is knowledge, and what we accumulate is wealth! There is no 100% order in this market, and there will always be mistakes. What the market lacks is not teachers or strategies, but a qualified risk controller. If you remain unchanged on the investment path, then you are a real failure!
This article is exclusively planned by Gold Analyst. Thank you to the readers for your love and support for Guangzhe’s article. I hope everyone can gain something and gain insights from Guangzhe’s article! Regardless of whether the views and strategies of the article are consistent with everyone’s opinions, you can find the author to discuss and learn with me!