====What news has recently affected the trend of gold? How to judge gold’s long and short positions? ====
Analysis of gold news: In early trading in the Asian market on Thursday (August 10), the U.S. dollar index maintained a bullish trend at 102.50. Gold risk aversion dissipated, and the gold price fell to $1,916, with the prospect of breaking below $1,900 deepening. Gold prices fell for a third day in a row on Wednesday , closing at their lowest level in nearly two weeks as investors awaited the release of the U.S. Consumer Price Index (CPI) for July. Data previously released by China showed that the world’s second largest economy was experiencing deflation again. In late trading in the U.S. market, spot gold closed at $1,914.07 per ounce, down $10.97, or 0.57%, with an intraday high of $1,932.39 and a low of $1,913.98. Investors are awaiting the next batch of U.S. inflation data due on Thursday, which could provide some clues on whether the Federal Reserve will raise interest rates again in September. Gold price action has stalled ahead of the release of the July inflation report, which is expected to show that the de-inflation process remains unaffected.
====Gold market trend analysis and operation suggestions====
Gold technical analysis: Judging from the 4-hour analysis chart, the upper limit is currently suppressed at the 1925-1932 line, and the lower short-term support is at the 1913 line. If the short-term suppressed line of 1925-32 cannot be broken within the day, then the possibility of further breakthroughs will be greater. , this week the 1900 first-line mark is also very close at hand! Looking at the 1-hour chart, the gold trend suffered a setback and fell at the highest line of 1932. We can find that the recent gold trend has been generally volatile and downward, so the reaction to the market is that the rebound strength is getting smaller and smaller, and each rebound is not as good as the previous high. Then we combine the moving average Judging from the intertwined operation, the next market tends to fluctuate. The MACD trend line below shows signs of turning downwards. The green energy column continues to increase in volume, indicating that the market is running weakly. We still operate around the short-term thinking of gold. Any counter-draw is a short-selling opportunity. Keep the main tone of follow-the-trend participation unchanged, and focus on follow-the-trend participation. On the whole, Peng Guangzhe suggests that the short-term gold operation today is mainly short-selling on rebounds, supplemented by long-selling on callbacks. The upper short-term focus is on 1925-1925- 1932 first-line resistance, the short-term focus below is 1900-1893 first-line support
====Gold short-term operation suggestions====
Short order strategy:
Gold rebound: short (buy or sell) two-tenths of the position near 1923-1925, stop loss 8 points, target around 1910-1900, suggestions are for reference only, investment is risky, be cautious when entering the market!
Long order strategy:
Gold pulls back around 1900-1903 and goes long (buy up) two-tenths of the position, with a stop loss of 8 points, and the target is around 1910-1920. 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!