Can gold top again
Updated
Yesterday Tuesday, for yesterday, must be pretty boring for everyone, right? To tell the truth, even Chen Feng I did not expect the market volatility will be so low, but although it is said to be low, but the volatility of the market we are undoubtedly in control, white, after all, for yesterday, I clearly said that gold is bullish, this point, gold since the opening down 2377 is also ushered in a stop rally to break through 2390, Although it is said that the long and short all day around 2390 began to seesawing, but this point, also relatively reflects the quiet before the storm, after all, this week super week, a variety of information data erupted, on the eve of the outbreak of some information, the market will inevitably be in a state of caution, of course, for yesterday evening, Chen Feng I also said, Gold high probability of breaking 2400 impact 2410 near, although it said that during the midnight hit under the break down a wave of 2383, but the result is that gold rose 2410, even if you have to do more, 2382 stop loss is completely reliable, for yesterday, if anyone did not control the profit, then you withdraw from the market as early as possible, After all, the analysis is placed here, the strategy is placed here, and this can all be lost, which can only say that you do not trust me, and that there is no need to follow me, and I hope that you will do it for yourself. So in general, for yesterday, one to one to give a single profit of about 44 points, this is still due to early rest to give up the midnight operation, otherwise the profit is greater, this, you will compare myself to the single statistical verification can be. So at the moment, other, I also do not say much, after all, today's market will usher in a major information surface outbreak, here, I also make an analysis of today's market, each of which I read the following reference to understand.
-- Gold market review yesterday --
Yesterday Tuesday morning, gold opened 2383, the opening shock went up 2384 line stopped to usher in a fall, gold is also a wave of shock slow fall down to break 2380 mark, the lowest fell to near 2377 to usher in a recovery, then, gold is also ushered in shock slow rise, gold step by step climbed up to break 2390, this point, the Asian session, Gold has also ushered in a rise of more than 10 points since 2377. And the European trading period, gold performance is not generally bleak, the highest to 2392 line, the lowest fell to 2387 line, long and short deep in this range of oscillations saw, and most of the time gold is deep 2-3 points sideways saw, this point, gold volatility is undoubtedly bleak, and until the eve of the United States, Gold will fall back a wave near 2385, this point, the market is undoubtedly waiting for the outbreak of long and short. And the United States trading period, gold volatility slightly expanded, gold since 2385 ushered in a bull surge, gold is also a break to 2397 line, but good times did not usher in a further break the 2400 mark, but it is a fall in the sell-off to 2383 near to usher in a halt, and midnight, gold stagnant recovery, gold rose. Gold is also directly from the 2384 line ushered in a surge of bulls, bulls broke 2390-2400-2410, the highest is also rose to near 2411 before ushered in a stop to fall 2401, and then the shock rose a wave of 2409 stopped and fell 2402, after this wave, gold returned to calm, long and short in 2407-2402 range. It eventually closed near 2,406.
Gold welcomes interest rate minutes and Powell Attack? The end of the moon line, can gold again top? -
Yesterday Tuesday, for yesterday only, due to the market news on the eve of the outbreak, long and short trading performance calm, this, but also led to the gold day deep shock saw, then for this situation, Chen Feng I have been repeatedly stressed the wait and see waiting for back to do more opportunities, to say the truth, for yesterday, whether blocked in 2390 can not stabilize, Or in the case of 2400 mark is not optimistic about the breakthrough, the market is still biased towards the bearish heat, and this I also said, the market generally bet on interest rate cuts in the case of gold, the market bullish gold heat is high, in this case, whether it is the market retail investors or how, considering the market institution washing psychology, this is also leading to the market will seek to short the opportunity, But for this, I also said yesterday, is the so-called smart by smart mistake, since the institution chose to smash the dish, it must be made of all aspects of consideration, just like last night, gold broke 2390 head, stimulate the market bullish heat, but the bulls are blocked in the trend line can not break, but also in the evening hit down. In the evening in the United States jobs data released bearish case, bulls and hit up, and gold stabilized at 2390, but also again hit down 2383, so for this situation yesterday, unilateral to consider the analysis, it is certainly not possible, after all, for the market retail investors, the market will only give you to see what you want to see, and these, It is often a trap, which is why we were able to make a perfect profit yesterday while you suffered a loss, which you must remember not to be misled by the market. Of course, for yesterday's analysis, you can also review my yesterday's blog post "Whether gold can usher in a unilateral surge today" for reference.
Then again, the reason for yesterday's surge in gold, there are certainly some people who question that this is less than the risk of stimulus, in fact, I do not deny, after all, the gold bull smashing the plate outbreak is also needed reasons, but why is it the reason of geopolitical risk, and conversely, since the geopolitical risk can break out, Why did it break at 2400 and stop at 2410? I say something bad, for gold, geopolitical risk has always been the focus of global attention, I also said before, in the face of news, the technical surface is useless, in the face of institutional control, the news surface is useless, and in the face of geopolitical risk, any factor is useless, because the war sounds the truth of gold, everyone understands, if there is a war to stimulate gold higher, Then it is bound to encounter the global market to follow the influx, in this case, the funds mobilized by institutions, in fact, and the entire market retail investors, and can not form a confrontation, which is why the impact of geopolitical risk on gold is so large. But when it comes to geopolitical risk, does anyone care about what's going on in the Middle East? As a metaphor, we eat humble meals every day, and occasionally eat seafood, it still feels quite excited and happy, but once every day is seafood, then anyone will adapt to it, no sudden surprises. And this is the moment, although the sudden geopolitical risk is enough to shake the gold market, but for the current gold, the geopolitical risk is breaking out all the time, the market has been numb, to say bad words, unless the United States superpower was suddenly wiped out, otherwise the market will not have a greater feeling, this, I also hope you can understand.
So back to the subject, for today, Wednesday, ADP data will break out, at the same time, tonight at midnight, the Federal Reserve interest rate minutes will be released, followed by Powell will speak, so in this case, gold long and short how to choose? First of all, let's talk about the ADP employment data, then for this data, the pre-market value is 150,000 people, the market is expected to be 150,000 people, from this point of view, the market does not think that the number of jobs will have a large float, but it is worth mentioning that yesterday the US job vacancy data, the market is expected to be 8 million vacancies, The actual announcement is 8.184 million vacancies, which also proves that the actual situation of job vacancies in the United States is higher than market expectations, that is, in fact, there are more jobs for the United States employment population, reference to this situation, the United States employment population is also possible to further growth, that is to say, for the ADP data, unless the number of jobs in the United States is depressed, Otherwise, the probability is increased, which is relatively positive for the dollar and negative for gold. But it is worth mentioning that for today, due to the impact of the Federal Reserve event at midnight, the impact of ADP data on the market outbreak or will be limited, this point, for today, you focus on the situation of the midnight period, for ADP, you will be a small episode, look at it. Of course, for tonight, the Federal Reserve interest rate minutes, the high probability is announced to maintain interest rates unchanged, this point, you do not have too much expectations is, this point, you focus on the midnight Powell speech content to seek further Fed rate cut information is.
So finally, a preview of what Powell will say. So for now, I'm sure I don't have to tell you what Powell might say? After all, for the current market, due to the sustained slowdown in inflation, coupled with the current internal voice of the Federal Reserve that the Federal Reserve needs to aggressively cut interest rates, the current market for the probability of interest rate cuts in September is almost nailed, this point, the market is also focused on Powell's speech tonight, after all, once Powell speaks the need to implement interest rate cuts, Then gold bulls will also get a further climb or even a new high is possible, this point, the market is also focused on the content of tonight's speech. Of course, I have a little different idea about what Powell will say tonight, so right now, the market is betting on Powell's doves, and I'm going the other way and favoring Powell's hawks. First of all, for the moment, although the United States inflation has been slowing down continuously, it has to be admitted that the current United States inflation is still a little distance from returning to the 2% inflation standard, and last week's PCE data performance is cold, which is relatively reflected that the United States is currently facing the possibility of inflation stagnation, and there is also a point that the current United States election is waiting for the results. In this case, the change of the election is very likely to lead to a series of impacts on the US economy, especially the current market bet that if the old Pu comes to power, it is likely to lead to the possibility of stagflation in the US inflation, in this regard, I personally believe that before the election is over, the Federal Reserve should choose to slow down the rate cut to respond to all changes. Then there is another point, that is, at present, the Federal Reserve wants to aggressively cut interest rates in the current inflation environment, but it also needs the unemployment rate data and employment data to support and assist, but the current situation is that the US employment performance is relatively strong, and although the unemployment rate has increased slightly, these are not enough to support the demand of the Federal Reserve to cut interest rates, so in this case, Even if Powell wants to release the dove this time, referring to the actual situation in the United States, the sound of the dove is relatively weak, more, taking into account the actual situation, Powell's speech is more biased toward hawks, this, you can refer to the actual situation of the information tonight to make a judgment.
So for today's operation, how should gold long and short layout? First of all, for the current, gold from 2353 stagnation to 2410, bulls have ushered in a rise of nearly 60 points, in this case, whether it is the release of bullish momentum, or the correction of the return of bears, have led to the depletion of buying momentum, to say bad words, for the moment, the only momentum for gold to rise is the market bet on interest rate cuts, However, there is not a short time to cut interest rates in September, in this case, bulls want to set an example, but also have the intention to be powerless, this point, for today, the white session, gold may be higher, but to excessive climb, it is still a little difficult. Of course, and considering the various circumstances I have mentioned above, for the moment, gold is higher, more or close to the end, for today, I will relatively reverse bearish gold, if the evening Powell speech smoothly put pigeons, and there is no market institutions to malicious limit gold low, I personally think, Gold bears may hit 2350 again in these two days, of course, whether to further open the short space, the focus still needs to pay attention to Friday's non-farm data report and unemployment data, this, you also need to adapt to the line. So for today's operation, the 2414-2420 area does not break open the preliminary short, if you encounter the break, you are further concerned about 2430-2440 do not break to short, of course, any short, you can hold in the medium and long term, of course, as for the specific details of the operation, I am giving, then due to the particularity of the current market, Gold day also does not rule out the possibility of maliciously smashing the market institutions to wash the dish, for today's operation, you remember to strictly follow my requirements to control positions and stop losses can follow up.
-- Gold market review yesterday --
Yesterday Tuesday morning, gold opened 2383, the opening shock went up 2384 line stopped to usher in a fall, gold is also a wave of shock slow fall down to break 2380 mark, the lowest fell to near 2377 to usher in a recovery, then, gold is also ushered in shock slow rise, gold step by step climbed up to break 2390, this point, the Asian session, Gold has also ushered in a rise of more than 10 points since 2377. And the European trading period, gold performance is not generally bleak, the highest to 2392 line, the lowest fell to 2387 line, long and short deep in this range of oscillations saw, and most of the time gold is deep 2-3 points sideways saw, this point, gold volatility is undoubtedly bleak, and until the eve of the United States, Gold will fall back a wave near 2385, this point, the market is undoubtedly waiting for the outbreak of long and short. And the United States trading period, gold volatility slightly expanded, gold since 2385 ushered in a bull surge, gold is also a break to 2397 line, but good times did not usher in a further break the 2400 mark, but it is a fall in the sell-off to 2383 near to usher in a halt, and midnight, gold stagnant recovery, gold rose. Gold is also directly from the 2384 line ushered in a surge of bulls, bulls broke 2390-2400-2410, the highest is also rose to near 2411 before ushered in a stop to fall 2401, and then the shock rose a wave of 2409 stopped and fell 2402, after this wave, gold returned to calm, long and short in 2407-2402 range. It eventually closed near 2,406.
Gold welcomes interest rate minutes and Powell Attack? The end of the moon line, can gold again top? -
Yesterday Tuesday, for yesterday only, due to the market news on the eve of the outbreak, long and short trading performance calm, this, but also led to the gold day deep shock saw, then for this situation, Chen Feng I have been repeatedly stressed the wait and see waiting for back to do more opportunities, to say the truth, for yesterday, whether blocked in 2390 can not stabilize, Or in the case of 2400 mark is not optimistic about the breakthrough, the market is still biased towards the bearish heat, and this I also said, the market generally bet on interest rate cuts in the case of gold, the market bullish gold heat is high, in this case, whether it is the market retail investors or how, considering the market institution washing psychology, this is also leading to the market will seek to short the opportunity, But for this, I also said yesterday, is the so-called smart by smart mistake, since the institution chose to smash the dish, it must be made of all aspects of consideration, just like last night, gold broke 2390 head, stimulate the market bullish heat, but the bulls are blocked in the trend line can not break, but also in the evening hit down. In the evening in the United States jobs data released bearish case, bulls and hit up, and gold stabilized at 2390, but also again hit down 2383, so for this situation yesterday, unilateral to consider the analysis, it is certainly not possible, after all, for the market retail investors, the market will only give you to see what you want to see, and these, It is often a trap, which is why we were able to make a perfect profit yesterday while you suffered a loss, which you must remember not to be misled by the market. Of course, for yesterday's analysis, you can also review my yesterday's blog post "Whether gold can usher in a unilateral surge today" for reference.
Then again, the reason for yesterday's surge in gold, there are certainly some people who question that this is less than the risk of stimulus, in fact, I do not deny, after all, the gold bull smashing the plate outbreak is also needed reasons, but why is it the reason of geopolitical risk, and conversely, since the geopolitical risk can break out, Why did it break at 2400 and stop at 2410? I say something bad, for gold, geopolitical risk has always been the focus of global attention, I also said before, in the face of news, the technical surface is useless, in the face of institutional control, the news surface is useless, and in the face of geopolitical risk, any factor is useless, because the war sounds the truth of gold, everyone understands, if there is a war to stimulate gold higher, Then it is bound to encounter the global market to follow the influx, in this case, the funds mobilized by institutions, in fact, and the entire market retail investors, and can not form a confrontation, which is why the impact of geopolitical risk on gold is so large. But when it comes to geopolitical risk, does anyone care about what's going on in the Middle East? As a metaphor, we eat humble meals every day, and occasionally eat seafood, it still feels quite excited and happy, but once every day is seafood, then anyone will adapt to it, no sudden surprises. And this is the moment, although the sudden geopolitical risk is enough to shake the gold market, but for the current gold, the geopolitical risk is breaking out all the time, the market has been numb, to say bad words, unless the United States superpower was suddenly wiped out, otherwise the market will not have a greater feeling, this, I also hope you can understand.
So back to the subject, for today, Wednesday, ADP data will break out, at the same time, tonight at midnight, the Federal Reserve interest rate minutes will be released, followed by Powell will speak, so in this case, gold long and short how to choose? First of all, let's talk about the ADP employment data, then for this data, the pre-market value is 150,000 people, the market is expected to be 150,000 people, from this point of view, the market does not think that the number of jobs will have a large float, but it is worth mentioning that yesterday the US job vacancy data, the market is expected to be 8 million vacancies, The actual announcement is 8.184 million vacancies, which also proves that the actual situation of job vacancies in the United States is higher than market expectations, that is, in fact, there are more jobs for the United States employment population, reference to this situation, the United States employment population is also possible to further growth, that is to say, for the ADP data, unless the number of jobs in the United States is depressed, Otherwise, the probability is increased, which is relatively positive for the dollar and negative for gold. But it is worth mentioning that for today, due to the impact of the Federal Reserve event at midnight, the impact of ADP data on the market outbreak or will be limited, this point, for today, you focus on the situation of the midnight period, for ADP, you will be a small episode, look at it. Of course, for tonight, the Federal Reserve interest rate minutes, the high probability is announced to maintain interest rates unchanged, this point, you do not have too much expectations is, this point, you focus on the midnight Powell speech content to seek further Fed rate cut information is.
So finally, a preview of what Powell will say. So for now, I'm sure I don't have to tell you what Powell might say? After all, for the current market, due to the sustained slowdown in inflation, coupled with the current internal voice of the Federal Reserve that the Federal Reserve needs to aggressively cut interest rates, the current market for the probability of interest rate cuts in September is almost nailed, this point, the market is also focused on Powell's speech tonight, after all, once Powell speaks the need to implement interest rate cuts, Then gold bulls will also get a further climb or even a new high is possible, this point, the market is also focused on the content of tonight's speech. Of course, I have a little different idea about what Powell will say tonight, so right now, the market is betting on Powell's doves, and I'm going the other way and favoring Powell's hawks. First of all, for the moment, although the United States inflation has been slowing down continuously, it has to be admitted that the current United States inflation is still a little distance from returning to the 2% inflation standard, and last week's PCE data performance is cold, which is relatively reflected that the United States is currently facing the possibility of inflation stagnation, and there is also a point that the current United States election is waiting for the results. In this case, the change of the election is very likely to lead to a series of impacts on the US economy, especially the current market bet that if the old Pu comes to power, it is likely to lead to the possibility of stagflation in the US inflation, in this regard, I personally believe that before the election is over, the Federal Reserve should choose to slow down the rate cut to respond to all changes. Then there is another point, that is, at present, the Federal Reserve wants to aggressively cut interest rates in the current inflation environment, but it also needs the unemployment rate data and employment data to support and assist, but the current situation is that the US employment performance is relatively strong, and although the unemployment rate has increased slightly, these are not enough to support the demand of the Federal Reserve to cut interest rates, so in this case, Even if Powell wants to release the dove this time, referring to the actual situation in the United States, the sound of the dove is relatively weak, more, taking into account the actual situation, Powell's speech is more biased toward hawks, this, you can refer to the actual situation of the information tonight to make a judgment.
So for today's operation, how should gold long and short layout? First of all, for the current, gold from 2353 stagnation to 2410, bulls have ushered in a rise of nearly 60 points, in this case, whether it is the release of bullish momentum, or the correction of the return of bears, have led to the depletion of buying momentum, to say bad words, for the moment, the only momentum for gold to rise is the market bet on interest rate cuts, However, there is not a short time to cut interest rates in September, in this case, bulls want to set an example, but also have the intention to be powerless, this point, for today, the white session, gold may be higher, but to excessive climb, it is still a little difficult. Of course, and considering the various circumstances I have mentioned above, for the moment, gold is higher, more or close to the end, for today, I will relatively reverse bearish gold, if the evening Powell speech smoothly put pigeons, and there is no market institutions to malicious limit gold low, I personally think, Gold bears may hit 2350 again in these two days, of course, whether to further open the short space, the focus still needs to pay attention to Friday's non-farm data report and unemployment data, this, you also need to adapt to the line. So for today's operation, the 2414-2420 area does not break open the preliminary short, if you encounter the break, you are further concerned about 2430-2440 do not break to short, of course, any short, you can hold in the medium and long term, of course, as for the specific details of the operation, I am giving, then due to the particularity of the current market, Gold day also does not rule out the possibility of maliciously smashing the market institutions to wash the dish, for today's operation, you remember to strictly follow my requirements to control positions and stop losses can follow up.
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