XAUUSD: 7/9 Today’s Trading StrategyIn early trading in Asia on Thursday, DXY remained strong and is currently around 104.9; spot gold continues to be under pressure, with gold prices around 1918. Gold prices remain on the defensive as market participants flock to the dollar amid stronger U.S. data and hawkish signals from the Federal Reserve. DXY rose to a new high since March 15 on Wednesday, briefly exceeding 105.00. Spot gold fluctuated and rose during the day. It opened at 1916.36 today, with the highest hitting around 1920 and the lowest hitting 1916.
Yesterday, the technical aspect of gold overall suppressed the weak and volatile consolidation below 1930. The Asian and European markets shot up twice and were under pressure on the 1928 line, and then fell weakly. Near the US market, it quickly fell to the 1921 line, stabilized and rebounded, then shot higher and pierced the 1929 line, and was under pressure again. The downward trend broke through the bottom. In the early morning, the gold price continued its weak decline and closed weakly at the 1915 line. The daily K-line closed higher and fell back below the bottom bardo. It closed with the suppression of the short bardo for four consecutive trading days. The overall price continued to show a weak downward trend.
The 4-hour chart constructs a downward chart. Currently, the short-term short-term defensive point is based on the middle track of Bollinger Road, which coincides with yesterday's rebound correction high point. In the short term, just take advantage of the trend and go short around 1930. The rhythm may be accompanied by consolidation and correction, but the rebound will not be able to rebound from the previous day's high, and the weakness will continue. The 1-hour chart constructs a small shock step down. Yesterday's rebound consolidated sideways at 1930, forming a second high point, which is also a short-term critical point.
Therefore, Jiesse focuses on the top 1925-1930 position, and the lower goal is still to break the low, and needs to pay attention to the lower 1911 position, such as breaking the next support 1907.
Gold operating strategy:
SELL:1925-1928
SL:1934
TP1:1920
TP2:1915
Goldintraday
XAUUSD:6/9 Today’s Trading StrategyThe U.S. dollar index continued its upward momentum on Wednesday and is currently trading around 104.7. The next day, spot gold was suppressed by the rise in both the U.S. dollar and U.S. bond yields, closing down 0.64% at 1926.09. The U.S. dollar index rose all the way, once reaching the 105 mark, and closed up 0.64% at 104.81.
Gold opened lower in the morning and fell slowly today, with the price of gold maintaining a slow downward trend near the 1925 line. Gold had a clear correction yesterday, with the daily line closing out a clear negative line, currently near the short-term line, further showing signs of weakness on the part of gold bulls, and the rebound trend midway was very weak. Although the U.S. market tried to counterattack many times, it was eventually crushed. . The price went straight down from 1938, and fell below the rising trend line in the European market. The counter-pressure of the rebound in the evening continued downward. The barbar of the daily chart closed, the price fell below the 5-day and 10-day moving averages and closed below, and the current support is here, but The weak short position on the daily line has appeared. The market outlook will focus on the middle track. It remains to be seen whether it can break down further. Once it is broken, the market outlook will continue to decline. Therefore, for today's market, high altitude is still the best choice. The daily K chart shows random The indicator is in a dead cross state and the main trend is a bearish signal. The key support level is around 1920, and there is also a dividing line support level around 1918. These support levels form relatively strong support areas.
Therefore, some corrections may occur during the day, but continued declines require further news stimulation. Therefore, Jiesse suggests that the upper pressure level should focus on the vicinity of 1934-1935 in operation, and the lower target is still to break the bottom, but it is necessary to pay attention to the support level around 1920-1918. In terms of operation, it is recommended to go short after rebounding to a high level, and then go long after going back to the high level. If it does not break 1920, you can participate in long positions.
Gold operating strategy:
SELL:1932-1935
SL:1943
TP1:1928
TP2:1924
XAUUSD: 4/9 Today’s Trading StrategyIn the early trading of the Asian market on Monday, spot gold maintained a slight rebound trend. Gold opened at 1940. Last Friday, the U.S. non-farm payrolls report triggered violent fluctuations in the gold market. The spot gold price once exceeded 1950, and then fell sharply to around 1935. Then the gold price increased. Rebounding, gold prices closed at 1939.80 last Friday, almost unchanged during the day.
After the impact of Friday's non-agricultural data, the daily line closed the doji on Friday, and closed below the Bollinger Band. Obviously, temporarily suppressed by the technical side, gold may come out of the shock and decline space in the current form, and fall effectively. The strength can be seen below the daily Bollinger track of 1890. However, the current bull trend has not changed and the performance is still strong. The focus is on whether last week's high can be effectively broken. Therefore, there is a high probability that it will fluctuate at high levels this week, either waiting for the bulls to continue rising, or waiting for the bulls and shorts to turn around and exit the decline.
The 4-hour chart is still running above the upward trend line after testing high and falling back. It has not fallen below the trend line yet, and the short-term upward trend has not changed. Today, the short-term relies on 1936 as a reference for long-term defense. Hold this level to be bullish, and if it falls below, it is bearish. At present, the US dollar is going strong, and gold is still holding on to the bullish trend line for the time being, making the room for a fall uncertain, and the short-term may still fluctuate at this level. Although the non-farm payrolls broke through 1948 last Friday, it was only a virtual break. Now you can refer to this position to go short. The lower support will focus on 1936 for the time being. If the decline is not strong enough, you can backhand and go long.
Gold operation strategy:
BUY:1935-1938
SL:1930
TP1:1943
TP2:1948
XAUUSD: 31/8 Today’s Trading StrategyAt the beginning of the Asian market on Thursday, the U.S. dollar index fluctuated and fell slightly, currently around 103.2, continuing the overnight weakness. Gold prices temporarily stayed at four-week highs, currently around 1945. Gold is now in a volatile trend at the bottom, and the rebound is nearing the end. The big non-agricultural data will be released on Friday. With the news uncertain, gold will not easily break through the daily pressure. Today, we will see a band correction! This Friday is a critical node, everyone needs to take advantage of it.
Yesterday evening, after the ADP data was released, the U.S. dollar index fell sharply. The price of gold once rose to 1948, but this does not mean that gold will continue to break through and rise. The subsequent increase will not be large. It rebounded from 1984 to 1949, close to 65 US dollars, whether it is From the perspective of time and space, the rebound trend is about to end. On Thursday and Friday, we will focus on initial jobless claims data and non-agricultural data. At the top, we will focus on strong resistance near 1953-55. Short-term short orders can start to be placed. Overall, today Jiesse's short-term gold operation ideas suggest mainly shorting the highs, and then going long at the lows. The upper short-term focus will be on the 1950-1955 first-line resistance, and the lower short-term focus will be on the 1925-1933 first-line support.
Gold operating strategy:
BUY:1935-1938
SL:1930
TP1:1944
TP2:1950
XAUUSD: 1/9 Today’s Operation StrategyGold traded sideways at a high yesterday, fluctuating and retracing at the 1949.2 level, and stabilized and fluctuated at the 1938 level. The fluctuation was only 10 US dollars throughout the day, and the daily level fell slightly. The high price did not break the previous high, and the low price did not break the previous low. In continuous After rising, there is a negative closing, which may be a change in trend, but it cannot break the previous low. Judging from the trend, because non-agricultural non-agriculture is approaching, the overall fluctuations in the last trading day were limited.
The opening in early trading was at 1939.96, then rebounded to 1944 and then fell back. The range was compressed quite severely. Gold hit a high yesterday and fell back. The daily Xiaoyin K line closed. On the last day of the week, yesterday gold was under pressure at the middle track of the Bollinger Band. , in the volatile market, once it stops and cannot break through the key resistance, it will be a volatile ending rhythm at the end of the week. Pay attention to the closing situation of this week's line. The daily upward line is suspended. It is not a strong unilateral in itself. It will be blocked during the rebound and correction market and fall into shock. .
The 4-hour chart is currently confirming the second-wave upward trend, and the upward trend line has not fallen. Judging from the 4-hour structure alone, it is a correction in the upward trend. The longs and shorts have entered into differentiation, the weekly line is blocked, and it is still partially suppressed in 4 hours. It depends on whether to choose to break through downward or upward. The short-term begins to re-determine the direction. There are changes in the long and short positions, and the support of the trend line is around 1930-1927. The Asian market is expected to narrow and fluctuate, and the operating point will be placed on the European and American markets. Today's gold operation ideas Jiesse recommends selling high and then buying low.
Gold operating strategy:
BUY:1926-1929
SL:1920
TP1:1934
TP2:1940
Today's gold forecast range from 1917 to 1930On Monday, the gold 1923 empty order was placed, and it rushed all the way to the 1926 line in the evening. After the empty order entered the market, it fell back to the 1917 position in the early morning, giving the opportunity to leave the market. The overall volatility in the Asian market is not large, and the Asian-European market has remained in a situation of small fluctuations, which is somewhat related to this week's non-agricultural situation. It was not until the U.S. market that it exerted its strength, and this wave of gains successfully broke the bearish trend and brought the bulls back on track. Judging from the breakthrough of the 1923 position last night, it is enough to prove how strong this wave of upward momentum is. Although under pressure, it fell back to the 1917 position in 1926. But it closed firmly above 1920. Although this trend is all pointing to the bulls, we can't make blind choices. We still operate according to the previous operation method of selling high and buying low.
Back to the topic, there is little continuation of long and short gold at present, and the breakthrough of the resistance above 1930 has become an obstacle to the continuation of the bulls. To be conservative, it is better to sell high and buy low.
Do long gold in the 1920-1917 range today. It mainly depends on the breakthrough at the 1933 position in the evening. If it does not break through, you can enter the market and open short near it. The target is below 1923.
XAUUSD: 29/8 Today's Trading StrategyInternational gold prices continued to fluctuate and rise on Tuesday. The rise in gold prices on Monday was mainly helped by the fall in the dollar and U.S. Treasury yields. The market continued to digest Powell's speech last week. The focus will be on Thursday's U.S. personal consumption expenditures (PCE) price index report and Friday's U.S. non-farm payrolls data for August, where investors will look for further clues about the strength of the economy.
The gold market opened lower in early trading yesterday at US$1913.2, and then the market first pulled up to US$1917.8, then the market fell back, and the daily line was as low as US$1912.5, and then the market rose strongly in the US session, and the daily line reached a maximum of US$1926.1. The market finished at a high level, and the daily line finally closed at $1919.9, and then the market closed with a Zhongyang line with a long upper shadow line. After such a form, today's market has a technically bullish demand. The 4-hour chart held above the previous low point and further rose to explore higher. The middle rail of Bollinger Road formed a short-term support. slower.
In terms of operation, rely on 1903 as a defensive point and first look at the shock and rebound. Gold bottomed out as a whole and rebounded. In today's operation, Jiesse considers the retracement layout to be low and long, supplemented by high altitude. Focus on 1926-1932 at the top and 1918-1912 support at the bottom. If you break through the 1926 support, you can refer to around 30 for short orders.
Gold operation strategy:
SELL:1926-1929
TP1:1923
TP2:1919
BUY:1915-1918
TP1:1921
TP2:1926
gold price trend
After the release of the small non-agricultural ADP data, the U.S. dollar index fell sharply, and the gold price once rose to 1948, but the general trend remains unchanged. At present, the price of gold has rebounded from 1984 to 1948, which is close to 64 US dollars. Whether it is from the perspective of time or space, the rebound trend is coming to an end. On Thursday and Friday, focus on the initial jobless claims data and the big non-agricultural data, and focus on the area around 1954-55 strong resistance
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XAUUSD: 24/8 Today's Trading StrategyDuring the Asian session on Thursday, spot gold fluctuated within a narrow range and is currently around 1922, holding most of the overnight gains. On Wednesday, the price of gold rose by 0.95%, the largest one-day gain in more than a month. It once touched the 1920 mark and closed at around 1915 US dollars. Because the PMI data of European and American countries performed poorly in August, it increased the safe-haven demand for gold. Moreover, the market's expectations for the Fed's interest rate hike have cooled, and the dollar and U.S. bond yields have fallen, which has further attracted gold bargain hunting.
From the 1-hour chart, the k-line has a high-level sideways pattern to the market. This pattern is the first pattern immediately following a surge in gold, so we can judge that the current trend is bullish The trend, first of all, the pullback is very small after a wave of skyrocketing, which means that the bears have no counterattack power, or they are not as powerful as the bulls on the market. Secondly, the market rebounded from the 1902 line to the 1920 line with a volatility of nearly 20 US dollars. This short-term skyrocketing There is no callback, but it is consolidating at a high level. Looking at the 4-hour chart, after three trading days of continuous competition for the k-line trend, the strength of the bulls is stronger than that of the bears. Combined with the running posture of the three-line parallel open and upward divergence of the moving average Look, the bulls in the market are strong, and the macd trend line below is running above the zero axis, and the red energy column has begun to increase in volume. Looking at the daily chart, there is a big sun recorded on the disk k-line. We can see that it is relying on the 5-day moving average. The 20-day moving average above 1920 has a short-term suppression, but there is a golden cross at the bottom of the k-line. On the whole, jiesse recommends callbacks to do long gold in terms of short-term gold operation ideas today, followed by short rebounds. The top short-term focus is on the 1922-1925 line Resistance, followed by focusing on the first-line resistance of 1930-32, and the short-term focus on the first-line support of 1905-1907.
Gold Operation Strategy:
BUY: 1913-1915
TP1:1920
TP2:1925
SELL1925-1927
TP1:1920
TP2:1915
XAUUSD: 25/8 Gold Trading Strategy TodayYesterday the U.S. Department of Labor said initial claims for state unemployment benefits fell by 10,000 to a seasonally adjusted 230,000 for the week ended Aug. 19. Economists polled by Reuters had expected 240,000 new claims in the latest week. The jobless benefits report may have also provided some support for the dollar on the day, but overall the gold market's reaction to the data was subdued. Yesterday the gold market fluctuated in a range. The market opened at 1916.2 in early trading. After that, the market first pulled up to 1922.9, and then the market quickly fell back. The Fibonacci pressure of 38.2 fell back in late trading, and the daily line finally closed at 1916.7. Afterwards, the market closed in the form of a long-line cross star with an upper shadow line slightly longer than the lower shadow line, and gold ushered in an adjustment.
The trend of gold yesterday was relatively simple. During the day as a whole, it went down slowly on one side. After encountering support, it began to rebound and continued the trend of long positions. After hitting a high point, it went down again. Yinxian, the previous weak downward pattern has been completely broken, and Wednesday's big Yangxian just laid the foundation for this wave of upward movement. It has changed the previous weak form, and has now stabilized at 1900 points. It is expected that there will be further upward shocks . In the 4-hour chart, the market went up and down, and then returned to its original position after rushing up. It seemed strong, but it also seemed to be an illusion. To a certain extent, it will limit the upside of gold, and in terms of trend, it is currently in the stage of rebound correction. At the end of the week, it is very easy to close the whole week lower, so short-term trading is cautiously waiting.
To sum up, a conclusion can be drawn: after the rise of gold, an adjustment pattern has been formed. At the top, focus on the 1922-26 resistance, and at the bottom, focus on the 1911-1907 support, to prevent the gold from turning short after an accidental break.
Gold Operation Strategy:
Buy: 1909-1911
TP1:1915
TP2:1920
SELL:1922-1924
TP1:1917
TP2:1913
Gold: Buy more in 1913, the US market continues to be bullish!
Gold is still in a bullish upward trend, and the pullback is still an opportunity to go long. Now that the market has fallen back, it will be more direct. The current price of 1913 is more, and the 1935 line is bullish!
Gold has now started an upward trend, and shocks and callbacks are inevitable, but every callback is an opportunity to go long again! And the current market is concentrated in the US market! And the current support position is the 1913 line, the bullishness of gold at this position remains unchanged, more, continue to do more!
The trend is rising, and the pullback will continue until a new high is reached in the US market. Only after the market reaches the 1935 line, will this rise be possible to end!
XAUUSD: 22/8 Trading Strategy TodayThe current international gold price is around 1895 on Tuesday. DXY hovered near a two-month high, but its five-week winning streak eased as investors bide their time ahead of a Fed seminar in Jackson Hole, Wyoming, on expectations that major central banks could stay relatively low for longer. Gold hovered near five-month lows amid high interest rates and rising U.S. Treasury yields weighed on the metal. After the opening of the day, it first retreated to the 84 line, and continued to compete around 90. However, after the U.S. market unexpectedly exceeded the 1898 position, it began to retreat, and continued to touch around 1885. Due to the recent weak form In other words, this action does not perfectly explain the signs of the bulls' rebound, but when the market continues sideways and there is no sign of breaking the position, we can continue to consider whether the reversal of gold is coming, and the current daily line continues to be under pressure. The short-term moving average has also achieved the effect of short-term resonance, and the downward trend of the hourly line is perfect. According to the simplest operation idea, let it take its course and follow the market. We can still consider trying to release a certain amount of energy from bulls, and the first target above is maintained at the 1900 integer level. Once this position is broken, there will be a possibility of continuation in the later stage.
Judging from the current trend structure of the market, the downward trend channel line in the previous period is relatively regular, and the decline that abides by the rules goes lower. Although there is a certain rebound in each single trading day, there will always be a new decline after each rebound. break low. At this time, every rebound opportunity should be shorted to see the fall. At the current stage, there has been no continuation of breaking lows for two consecutive trading days, and the repeated hourly lines at low levels have formed a more obvious defensive trend. Although the rebound is not strong, the previous downward pattern has been broken. Adjust the layout of the train of thought. Jiesse predicts that nearly half of the analysts will choose to short at 1900 today. The short-term thinking in the operation should be adjusted appropriately, and the position of short selling should be adjusted a little higher. Wait for the rebound to test the top and then short at the high point, or the market will reach the low point of 1884 when the market weakens Nearby, let's follow up.
Gold Operation Strategy:
SELL:1900-1903
TP1:1897
TP2:1892
BUY: 1885-1888
TP1:1892
TP2:1897
XAUUSD: 23/8 Trading Strategy TodayDuring the Asian session on Wednesday, spot gold rebounded slightly, currently around 1903, although Fed officials were open to the possibility of "re-acceleration of the economy" yesterday, which helped the dollar index to refresh its high in nearly two months, making gold bulls scruples. But gains in U.S. Treasury yields were capped, and gold remained supported by bargain hunting.
Judging from the trend of gold yesterday, the overall tendency is to fluctuate back and forth, but the direction is a bit of a short-term bottoming. Yesterday morning, the market started to rebound after accelerating to bottom out. After breaking the previous high, it also tested the lower low support again, but it was still difficult to continue to break below, and then rebounded again. Judging from yesterday's continuous testing of low support, it is obvious that the current short-term bottoming is obvious, and yesterday's daily line also received a cross K negative column again, but there was no new low, so from the perspective of the moving average pattern , the daily MA10 pressure is temporarily at the 1901-1904 mark. In the short-term market outlook, as long as it breaks through again and stands firm, then the overall operation is expected to start to focus on bargain hunting.
Gold still failed to break through the downward trend line in 4 hours. Although the rebound seemed ferocious, it was actually just an illusion. It quickly rose and fell back. There was a lot of resistance above, and there was not enough bull power to support gold's reversal. The downward movement of the 4-hour chart has paused slightly. Due to the previous continuous weakness, it did not weaken and increase the volume at the bottom. Instead, the downward movement slowed down and then consolidated horizontally. There was still a slight rebound yesterday. At least the current K-line pattern is not weak, even if it is falling. It is very easy to have a reverse K line for correction. Bollinger Road began to close, and now it has crossed the middle rail and is shrinking. Temporarily in a sideways shock.
On the whole, in terms of the short-term operation of gold today, Jiesse suggests that rebounding should be mainly long, and high positions should be supplemented by short selling. We continue to increase the price of opening a short position a little bit. At the top, focus on the 1904-1908 position. If we quickly break through the 1906 position, we will not rush into the market to short, wait for the rebound to correct and look for opportunities to short, and continue to focus on the 1890 position below.
Gold operation strategy:
BUY: 1892-1894
SL:1888
TP1:1899
TP2:1903
SELL:1904-1906
SL:1910
TP1:1900
TP2:1896
XAUUSD: 21/8 Today's Trading Strategy AnalysisDuring the Asian session on Monday, spot gold dropped slightly, hitting a low of 1884.70 since March 15. Gold prices closed close to flat on Friday, but still fell 1.27% for the week, closing down for the fourth consecutive week, as recent U.S. economic data has boosted market bets that interest rates will remain at higher levels for a longer period of time. DXY is relatively strong, and the yield of U.S. bonds once approached the highest point in nearly ten years, which significantly suppressed the price of gold. Headline inflation has moderated for now, although much of the improvement can be attributed to lower energy prices. Core inflation remains hot, with concerns that inflation may not return to the 2% target anytime soon as the labor market remains extremely tight. That said, while significant progress has been made on inflation, it may be too soon for the Fed chair to celebrate victory and declare "mission accomplished." Powell's comments could also have a disproportionate impact at a time when U.S. Treasury yields are nearing their highest levels this cycle. Jackson Hole could be the catalyst for a breakout or decline, driving corresponding moves in the dollar and gold.
The gold market opened at 1912.9 at the beginning of last week. After that, the market first pulled up to 1916.3, and then the market fluctuated and fell back. The weekly line effectively fell below the previous low of 1892, and then the lowest was 1884.8. After the market was sorted out at a low level, the weekly line finally closed at After 1889.2, the market closed with a big Yin line with a lower shadow line slightly longer than the upper shadow line, so that gold continued to be under pressure after the line was closed. From the perspective of the gold trend, after gold fell below 1892, the daily and weekly lines have been negative, indicating that the recent downturn has not yet ended. However, it should be noted that the US index has already shown a downward trend, so gold has entered an anxious stage. Gold pressure 1894-1899, support 1884-1874; Summary: Gold is still running in a downward trend channel. Today's operation gives priority to rebounding and shorting, and then doing long at low prices.
Gold Operation Strategy:
SELL:1893-1896
TP1:1889
TP2:1883
BUY:1880-1883
TP1:1886
TP2:1890
Today's major data announcement, how to tradeAnalysis of gold layout: From the perspective of the structure of gold, gold rose slowly to the 1923 line yesterday and then began to fall after many pre-breakthroughs failed. We can't blindly operate this kind of trend too much. The final direction of gold is also out tonight. Although the failure to break through the high point for many times has made the bulls lose their confidence, and the momentum of the bulls has gradually weakened. It is expected that gold will go out of the weak weak downward trend for a short time. Waiting for the correction to break through the 1923 resistance will allow us to continue looking above 1930. Today's operation is based on the old rules, just sell high and buy low.
Back to the topic, gold was affected by the bad news last night, and its upward momentum has weakened significantly. It failed to hold above 1920, and this week's rebound is over.
Today, let’s watch gold rise to 1921-1923, reach this range to find a high level and enter the market to short, SL1928, TP1910
Fall to around 1911 and go long, SL1904, TP1920
Gold: shock today, continue to be bullish to 1920
Yesterday, gold did not stand firm at 1900, but another shock, first falling and then rising, but we took profit, but it continued to increase at 1900, and continued to be bullish. At present, the main logic has not changed. If it does not break through 1900, it will not buy, and there will be many shadows in the short cycle Line support, the decline in gold prices is obviously limited, while silver rises first, gold is expected to follow closely, and continue to be bullish on gold. It can be more directly around 1885-1900, and the profit stop zone is at 1995. Pay attention to controlling risks.
Will the gold bulls exert their strength?Gold layout analysis: The gold welfare strategy deployed on Tuesday wins both long and short positions. At present, from the perspective of gold trend, it is at the key point of long-short conversion. Since it fell to the 1884 line and established the bottom position, gold has been fluctuating between long and short. Today the highest hit the 1905 line. Judging from the overall trend, the bulls may have to exert their strength. Judging from the current trend, there is still a lot of room for growth above. Looking at the intraday trend, from the opening to the current position, it has been oscillating and rising above 1900, which also shows that today's market trend is very critical. If you can effectively stand above the 1905 line, you can directly look at the upper 1912 position. However, it is still necessary to xi, Australia and New Zealand to soar high and fall back. Today's operation is still based on high altitude.
Back to the topic, the gap below 1870 in gold has not been covered, and the Federal Reserve spoke this Thursday night. If it continues to raise interest rates, it is bound to go down again, so the overall trend is still dominated by shorting.
Today, let’s first look at the 1905-1907 line above, and reach this range to find a high point and enter the market to sell short
SELL: 1905~1907, SL: 1912, TP: 1897
Europe and the United States fell below the 1895-1893 line, you can participate in long
BUY: 1895~1893, SL: 1888, TP: 1905
XAUUSD: 18/8 Gold Trading Strategy TodayIn early Asian trading on Friday, spot gold rebounded slightly after the recent slump, and the price of gold is now at $1,893. Gold fell towards $1,885 on Thursday, its lowest level since March 13. A stronger DXY and higher U.S. Treasury yields were responsible for gold's decline. Spot gold closed at US$1,889.11 on Thursday, down US$2.80, or 0.15%, with an intraday high of US$1,903.44 and a minimum of US$1,884.93. It faces renewed selling pressure against a backdrop of a stronger dollar and rising U.S. Treasury yields. Gold prices closed below the 200-day moving average on Thursday. Adding to hawkish bets on the Fed on Wednesday, minutes from the Federal Open Market Committee (FOMC) meeting showed members were open to continuing to raise interest rates due to upside risks related to inflation and noted that the labor market remains extremely tight . Expectations that U.S. interest rates could be higher for longer have pushed the yield on the benchmark 10-year U.S. Treasury bond to its highest level since October, making non-yielding bullion less attractive to investors.
From the perspective of the daily line structure, gold has closed in the negative for 4 consecutive trading days this week. In addition to the continuous decline last week, it has been falling continuously for almost two consecutive weeks. Such an extreme trend is not common, and it is enough Indicates the current negative and pessimistic state of bulls. Judging from the hourly chart, the rhythm of gold and DXY yesterday has a certain degree of coordination, but there is also a disconnection, that is, when DXY is under pressure and recovers, gold rebounds slightly, and when DXY rebounds and measures pressure, gold falls sharply. The rhythm clearly shows that the gold bulls are still in a state of serious lack of confidence. The lack of confidence is caused by two factors. One is that after gold itself fell below the key support, the confidence of market bulls was damaged; And these two factors complement each other, so if gold wants to turn to an upward trend in the future, it must be based on the DXY recovery, and it must be technically back above 1900, otherwise it will still be very difficult Forming an effective upward trend, if there is a recovery but cannot stand above the key position, then it can only be regarded as a short-term oversold rebound.
Therefore, today's gold operation idea Jiesse suggests that as yesterday, the rebound is mainly short at high levels, supplemented by callback at low levels, and the upper part focuses on the first-line resistance of 1900-1903, and the lower part focuses on the first-line support of 1890-1885. If it breaks the 1880 line, continue to look at the 1867 position below, and don't go long yet.
Gold operation strategy:
SELL:1897-1900
TP1:1893
TP2:1890
BUY:1881-1884
TP1:1886
TP2:1890
XAUUSD: 17/8 Today's Trading StrategyIn early Asian trading on Thursday, the U.S. dollar index continued to rise, hitting a more than one-month high of 103.59 at one point. In the early morning, after the minutes of the Federal Reserve meeting showed that most policymakers continued to put the fight against inflation first, spot gold extended its intraday decline, falling below the previous low of 1893, the lowest since March this year, and finally closed down 0.49% at 1892.33
This trading day focuses on the number of initial jobless claims in the United States for the week ending August 12, and the number of continuing jobless claims in the United States for the week ending August 5. Gold fluctuated at a low level yesterday. Although it rebounded, it still failed to break through 5 The daily line pressure, the tone of the Federal Reserve meeting minutes in the early morning was relatively hawkish, causing gold to fall below 1900 again, and the low fell to around 1890, and the daily line closed again.
The 4-hour chart relies on the middle rail as the resistance point for a unilateral weak decline. This week, it basically sorts out the pressure at the middle rail and then falls to the lower rail. At present, a bardo line is close to 1893 but has not bottomed out Afterwards, it rebounded, but closed at a low level. Today is expected to continue the downward trend. At that time, it will close below 1893 and the form will effectively fall below. The 4-hour chart is still bearish; the 1-hour chart is running in a downward channel with shocks, and the daily gold short-term operation idea is on. Jiesse suggested that the rebound should be short-selling, supplemented by stepping back to the low position and doing long.
Gold operation strategy:
SELL:1899-1902
TP1:1895
TP2:1890
BUY: 1883-1885
TP1:1889
TP2:1893
Today's gold forecast is 1889~1903, sell high and buy lowAnalysis of the gold layout: won on Monday with a complete victory. The current trend of gold has rebounded strongly last night since it repeatedly attacked the bottom 1885-1884, but then began to fall back, and finally fell to the 1886 line to stabilize and fluctuate. From the perspective of the trend, it is a weak slow-rising pattern, and it has broken through to the vicinity of the 1901 line above. From here we can see that this is completely different from the previous trend. After breaking through the 1884 line yesterday, it started to rebound. Now that the bulls are about to move, our operating thinking must be changed immediately, and we cannot chase the short in the main. Instead, go back to our old thinking, just sell high and buy low. While stable, it can also avoid many risks. Today, focus on the breakthrough of 1905. As long as this position is not broken, it is still a short-term idea.
Back to the topic, since gold fell below the 1884 line yesterday, it has obviously stopped falling after rebounding. Today, let’s look at the 1901-1903 line above, and reach this range to find a high point to enter the market and open short
Near SELL1903, SL:1908, TP:1890
Europe and the United States fell below the 1892-1889 line to do more gold
BUY1889~1892, SL:1884, TP:1900
Today's gold forecast is 1882~1897, sell high and buy lowOn Monday, the Asian market fluctuated greatly. From the perspective of the gold trend structure, the intraday is weak and volatile. It basically runs above 1885. It broke through the 1885 line in the morning and quickly rebounded to the 1894 line to fall back and fluctuate. Judging from this trend, the upward momentum of bulls is still not good, and the overall trend is more biased towards bears. At present, there is still a large downside space below, and the 1870 gap has not been filled, so we still have to be biased in terms of operations. Long orders can only enter the market by grasping the rebound. Now that gold has been in a downward trend for two consecutive weeks, if you want to reverse the bulls, you need the help of the data. Otherwise, bears will continue to suppress bulls. It is very simple to say so much, whether you are long or short, you should change your thinking when it is time to change your thinking, and don't be confused by superficial phenomena, so that you can see clearly the changes in the overall situation.
Back to the topic, gold continues to operate weakly. Although the market has given the bulls a rebound in the morning, it is still difficult for the bulls to gain a firm foothold under the overall bearish trend. Therefore, the operation idea is still based on shorting.
Today, let's look at the top 1897-1900, and rise to this range to find a high point and enter the market to open short.
SELL1897~1900
SL1905
TP1885
European and American markets fell below 1882-1878, you can participate in long positions
BUY1882~1878
SL1875
TP1890
Gold 93-94 short, short-term still needs to be short
We can never predict what will happen at the crossroads of fate, but we can choose whether to give up at this point, or move forward reluctantly and rush to the end of our dreams. Even if there are no medals for victory, dignity and pride will walk with us all the way. On the runway to success, there is only a difference between speed and speed, and there is no winner or loser. Only by defeating oneself is the strong man of destiny!
Gold, ending this week with five consecutive negative trends, formed a pattern of negative declines, basically at a perfect rhythm point, and continued to fall after the withdrawal, and this kind of trend requires more patience, and last week The integer level 1900 line has already broken, so this position is also an important long-short reference point position for us in the later stage. In terms of the previous performance, the probability of continuing to break the position is not good, and the current support below will also move down to around 70. The downward channel on the hourly line is flawless, the pattern of the daily line is weak, and a pattern of pressure has been formed, so gold will continue to be bearish on gold in the near future, and this kind of slow decline pattern, the acceleration in the later stage will definitely exist, and only the short energy will be released in an accelerated manner After that, there will be opportunities for bulls to reverse and reverse. At present, we are still operating around the idea of shorts. Next Monday, if gold is reversed first, it will continue to be short around 93-94. The target is around 82-75. Loss 00.5, if the European market is relatively strong, the position will be adjusted and out before the US market