9.6 Gold short-term operation strategyGold is currently priced at 2497 in the morning, so go short directly!
Gold fell sharply at a high level last Friday, and the rebound of gold was not strong. Gold continued to build a high top, and the rebound was an opportunity to go short; Gold is currently priced at 2497 in the morning, so go short directly!
Gold has a multiple top structure at a high level in 4 hours, and the 4-hour moving average of gold began to turn downward. Once a downward dead cross is formed, the space for gold to fall will be opened, and the decline of gold will increase. Gold rebounded weakly in the morning, and even 2500 could not be broken. The rebound was weak, so go short at 2497 first.
The market changes rapidly, plan your trade, trade your plan, gold is weak and has no rebound, which is a signal of weakening, and gold continues to go short to the end.
Gold is short at 2497, stop loss at 2507, target 2480-2475
Goldmansachs
9.6 Gold summaryWe have always emphasized that if gold does not break the new high, it is short. Gold maintains the idea of shorting today. Gold finally fell as expected. Gold has a bumper harvest overall. Gold fell sharply from a high position. The profit was 56K and the position was closed.
Gold has multiple top structures in 4 hours. The 4-hour moving average of gold is still showing signs of turning downward. The positive news of non-agricultural gold has not been able to make gold break the historical high. It seems that it is still difficult for gold to directly break the historical high in the short term.
A Friday full of surprises and a perfect weekend!
With the Non-Farm Payrolls coming, can gold reach a new high?Gold is approaching a record high again. Will it break through tonight with the help of non-farm payrolls?
The August US non-farm payrolls report will be released at 20:30 tonight. This report will directly determine whether the Fed will cut interest rates by 25 basis points or 50 basis points in the September interest rate decision, and will also directly reveal whether the US economy has entered a recession as the market worries.
Last month, US employment data was weak, especially the unemployment rate hit a new high since October 2021, which aroused market concerns about the US economy. This concern spread to the entire financial market, forming a chain reaction and triggering the Black Monday plunge.
Fed Chairman Powell said at the August Global Central Bank Annual Meeting that he did not expect the August employment report to continue to be weak, and the September interest rate cut would not change due to the rebound in the employment market. The overly weak employment performance is not what the Fed wants to see.
In addition, the number of non-farm payrolls in the United States on August 21 was revised down by 810,000, which means that the employment report in the past 12 months has been beautified, and the average number of jobs has decreased by 68,000 per month. It shows that the US economic performance is not as optimistic as the market expected.
Due to the downward revision of past data, non-agricultural data will not have too much water, unlike the huge monthly difference in employment data in the previous few months, which made the investment bank's forecast of employment become a decoration. This time, the market expected 160,000 employment and 4.2% unemployment rate. Last month, 114,000 employment and 4.3% unemployment rate.
Tonight's non-agricultural data mainly has two aspects:
1: The data performed better than market expectations, and the number of employed people rebounded further. It must be a low probability event if it is lower than 100,000. If it is between 110,000 and 160,000, it will cause the gold price to rise first and then fall. It is not as good as expected, but it is stronger than last month.
2: The employment data continued to be weak, even lower than 114,000 last month, and the unemployment rate rose by more than 4.3%, which is bullish for gold. From another perspective, from the perspective of the US economic recession, gold may not rise. Arbitrage transactions will be sold in large quantities, dragging down panic selling of other assets, and gold is no exception.
That is to say, whether the employment data performs well or poorly tonight, it should be difficult for gold to rise. Good employment performance is bearish for gold, and poor employment performance indicates a hard landing of the US economy. Wasn’t last month’s non-farm data bullish, but gold fell sharply?
Therefore, today, gold should pay attention to the risk of falling back after rising. Yesterday, gold broke through 2506 and turned bullish. I also reminded that 2506 is the dividing point between long and short positions this week. If it breaks through, you can no longer have illusions. Then 2518 was reversed to 2505, and a high-altitude profit was made. Pay attention to the dividing point between long and short positions at 2530 today. After a surge upward, be careful of the short-selling counterattack with the help of non-farm data tonight! Focus on 2505 below, and the breakout will continue, but pay attention to risk control.
9.6 Gold Short-Term Trading StrategySpot gold fluctuated in a narrow range in Asian trading on Friday (September 6), currently trading around 2520, holding on to most of its overnight gains. Gold prices rose to a near one-week high on Thursday as the dollar weakened and yields fell. Earlier signs of a loss of momentum in the labor market led investors to expect the Federal Reserve to make a super-large interest rate cut this month. According to a Reuters survey, job growth is expected to pick up in August, with non-farm payrolls expected to increase by 160,000 jobs that month, exceeding the 114,000 increase in July. The unemployment rate is expected to fall to 4.2% in August.
Gold broke the deadlock of the first three days of this week during the day. As the US dollar index fell, gold chose to break upward. After a narrow range of fluctuations around 2495 in the early trading, it began to attack around the European trading session, breaking through the key suppression level of 2500, and breaking through the 2507 high that was broken in the previous few days. The US market accelerated to 2523 with the stimulation of ADP data, and finally fell back in the short term, with the daily line closing with a large positive column.
So far this week, gold has tested the bottom support of 2470 twice. It can be seen that although it reached around 2470 twice, the real K-line basically closed above 2480, which is enough to prove that the bullish buying on dips in gold is still very strong. It is expected that before the arrival of non-agricultural and interest rate cuts, gold will continue to fluctuate at a high level. In terms of intraday operations, it is still sufficient to maintain range operations.
Intraday short-term operation strategy:
Short gold rebounds at 2525, defend 2532, target 2510-2500
9.5 Gold short-term operation strategyGold lacks direction in high-range wash
Yesterday's gold trend once again proved that it is in a high-range oscillation pattern.
As we imagined, gold first fell to test around 2472 and then received buying support, starting a rebound rhythm.
The overnight US July job vacancy report dropped sharply, stimulating gold to continue to rise to test around 2500, and it is still running at a high level.
Next, the market will focus on non-agricultural employment data, and the market hopes to get information from the Federal Reserve on the extent of the interest rate cut.
At present, the high-range adjustment is obvious, with support around 2475 and resistance around 2527. The pressure point to watch during the day is the 2500 mark. If we stand above this level, we will continue to look at the opportunity of 2510-20. Otherwise, there is a possibility of a pullback under pressure. There is really no good idea. It is recommended to wait and see.
From the analysis chart, 2507 is a big pressure. Now it is a bottoming out. Bulls pay attention to the small support of 2488. Today we will consider long opportunities at this position. If the bulls reach 2507, consider shorting. Note that it is only considered in the Asian session. If the European and American sessions go anywhere, the position may be broken. Today's idea is that both long and short positions can be taken. It is very important to find the rhythm and position.
Support is around 2471-2473, small support is 2488, pressure is 2500 and 2507, and the watershed of strength and weakness in the market is 2493
9.5 Gold short-term operation strategy1: US debt. Since 2022, out of concern about US debt, central banks around the world have chosen to increase their gold holdings to balance the structure of foreign exchange reserves. In the past two years, the amount of gold purchased has doubled, and the scale is still expanding.
2: The Federal Reserve cut interest rates. After the interest rate cut, more US dollar liquidity will be provided to the market, and more funds will return to the gold market, which has never happened in the rise of gold in the past two years.
3: Risk hedging. As the best risk hedging tool, gold will increase significantly in asset allocation during the economic downturn. China is the largest consumer of gold. For every 10% drop in gold prices, China's gold demand will increase by 16%. Once gold falls sharply in September, the central bank may return to the market with a large number of orders.
Regarding the theory of US economic recession, there have been whistleblowers one after another since August. The plunge in global stock markets on August 2 was Sam's Law, and the plunge in the Nikkei 225 index on Tuesday this week, and the decline in gold/crude oil all triggered the recession indicator of US economist Rosenberg.
At this stage, the recession of the US economy is still in the imagination stage. The US August employment report will be released at 20:30 Beijing time on September 6. The market is overreacting to the unemployment rate. The unemployment rate rose to 4.3% in July. Once the unemployment rate rises in August, it may trigger the reduction of arbitrage trading funds and cause market stampede.
Before that, the US will release the August ADP employment data today. The previous value was 125,000, and the market estimated 145,000. The number of initial jobless claims in the United States for the week ending August 31 will be announced at 20:30. The previous value was 231,000, which was not much different from the estimated 230,000.
This is just the appetizer. The hard dish is the US non-farm employment data on Friday. Last month, the global market avalanche was triggered by the non-farm data. The sharp decline in non-farm data last month should be bullish for gold, but the market trend suddenly turned from the expected Fed rate cut to the US economic recession, causing indiscriminate panic selling. This time everyone's eyes are on the non-farm data.
Today, we will pay more attention to the changes in the technical structure. The data only serves as a guide. Emotions will be reflected in the price in advance. On Wednesday, the gold price accelerated its decline in the European session, falling from a low of $2495 to $2471, a drop of nearly $25, but the continuity was extremely poor. The US session recovered and returned to the $2500 line.
In recent times, the gold price has been on a roller coaster ride, and basically there is little continuity. After a sharp drop, there is a sharp rise, and after a sharp rise, there is a sharp drop. This morning, the price was at $2498. After the rebound in the US session last night, it closed above the support point of 2491. The upper pressure is still collectively at $2507. The break of this position will temporarily end this round of small-scale adjustment.
From the 1-hour structure, the price rebounded after two dips to the 2470 USD line, forming a staged double bottom. There are two positions above that are of particular interest. One is the 2500 USD line with the pressure of 2507 USD as the boundary, that is, to hold 2506-07 and continue the weak shock. The support below is 2491. Only when it is lost here can it be opened for the second time.
In addition, if the rebound is strong and breaks through 2507 USD, the rebound will further continue to the range of 2512-14. The rebound here should pay attention to the decline after the rapid pullback. Don't chase the market in the past few days. If you see a rise, you will have more callbacks. If you see a fall, you will often be shorted. If you see a rise, you will look for pressure positions to go short. If you see a fall, you will look for support positions to go long. Don't treat the box shock as a unilateral one.
Therefore, my idea for gold today is to continue to look for a decline with 2507 Qingyuan as the pressure. First, pay attention to 2492 below, followed by 2485 USD and 2485 USD. The formation of this unilateral market will be postponed to the non-agricultural data tomorrow night or the Federal Reserve interest rate decision on September 17. Before that, it will mainly be a roller coaster wash.
9.5 Gold short-term operation strategy9.4 Two consecutive profitable orders
Gold 1-hour oscillating downward trend, gold rebound high points successively lower, gold 1-hour moving average dead cross short diverge downward, moving average resistance now moves down to around 2495. Gold rebounded around 2493 in the afternoon, you can continue to short
78 Close the position with a profit of 13 points. Look for the s1: Fundamentals, the market is waiting for data, and the trend of waiting for data is very obvious. The Asian market is basically dominated by fluctuations; waiting for European market data, because the data will wash the market, and pierce, the trend of hitting stop loss makes the account and trading very difficult;
We can only wait for the data for 1-2 hours to see whether the market is stable,
2: Technical aspects:
A: In the small cycle, 1 hour, 30 minutes, it tends to the range of 2480-2500. In the range, you can take 2500-2495 short, and the following 2480-2485 range is long, and do small ranges;
B: 4 hours, the pattern oscillates downward, and the indicator oscillates upward. This is a contradiction. To solve this contradictory signal, there is only a wash up and down, and finally a certain degree of direction; 2470 is currently a double support, buying support, and will not break for the time being; unless capital selling knocks out the long buying at 2470;
C: In the daily K, the indicator crosses downward, which is a bearish signal, so short selling can be adopted, but 2470 has not been broken, and it needs external stimulation to break 2470; the high point pressure in the short term is around 2530, which is also the watershed position of the trend;
To sum up: short-term intraday short-term small range 2500-2495 short, 2480-2485 range long; US market 8:30 data, it is recommended to avoid; avoid risks, let the trend go by itself, there will be data on Thursday and Friday; after this week, the trend will be clear; in the vague trend, it is not recommended to force and force long and short exchanges
9.4 Gold short-term operation strategyGold 2480 broke as expected.
The US dollar rose 0.26% during the week, hitting a two-week high of 101.9. Affected by the surge in the US dollar index, the price of gold hit a new low of more than a week to around 2473 yesterday. However, the poor performance of the US ISM manufacturing PMI data dragged down the US bond yields, providing support for the gold price. It rebounded slightly in the late trading, and the daily line closed with a small negative column with a long upper and lower lead.
The market is waiting for the US non-farm employment data, which may determine the scale of the possible interest rate cut at the Federal Reserve's September policy meeting.
After the US holiday on Monday, gold finally broke out on Tuesday, breaking through 2480 all the way during the session and reaching the 2473 line. As we said, the market reached 2480. The 2502 short order given yesterday was basically the highest short order of the day, and once won 22 points of profit.
The recent market is actually a market for making money. As long as gold rebounds, you can short it. The current price is more stimulated by the news, and it will not be supported for long. At present, 2480 has been broken. The area of 2473-74 is a strong support. If it breaks down, it will go to the 2460 line. Based on the current trend, there is still a high probability. The 4-hour trend shows that the downward channel has been opened. If it rebounds around 2500 today, you can participate in short orders.
Detailed intraday operation strategy:
Short at 2505, defend at 2513, target 2490-2480
Buy at 2480, defend at 2473, target 2500-2505
9.4 Analysis of Short-term Gold OperationsThe U.S. market broke the bottom and reversed, with three negative daily lines, and the price completely broke the short-term 5-day and 10-day moving averages.
2490 did not hold, but this decline was not restless either.
1. They all fell first in the Asian market.
2. The European market is still rebounding and rising, forming an illusion of support.
3. The U.S. market fell 6-8 points before the intraday low, and the drop at this point basically determined the U.S. market to retreat.
4. The U.S. market continued to counterattack the 2502 line, which was considered a shock. It broke the intraday decline and rebounded 618, and also broke the top-bottom conversion level.
5. After the US market broke through the bottom, the difference was slightly 2470-1, the previous low.
6. It pulled back upward in the early morning, touching the intraday drop of 618 at the 2494 line.
From this we can see several points:
(1), it fell in a cycle in the morning.
(2) Oscillating retracement, the strength of the rebound is also OK. Although the decline is large, it can be closed up, and it is not an extremely weak decline.
(3) The daily rhythm is three Yin, reaching the edge of the maximum correction. Today's market should turn positive. This pattern, if there is a swallowing decline, the overall weakness will be weak, but this constitutes that it should still be a bull wash.
Therefore, in terms of operation:
You can get rid of the cycle and bet on the retracement first. The resistance level is 2492, which is the 618 position of yesterday's decline and rebound. If it breaks 2502, it will lose money and look at the 2483-4 line.
Pay attention to two points: if it falls in the morning, you should sell in the afternoon.
In addition, if the morning does not fall to the target level, it will break the high in the afternoon and the short will be evacuated.
There will be a cycle in the afternoon, and the European session will rise.
If the cycle in the afternoon is stuck, if it touches the 2483-4 line, it will be long, and the loss will be 73. Look for the intraday European session to pull up. The extreme retracement long position is 2481.5, which is the 618 position of the rebound and rise. But if the market resists the decline in the morning, it will be more aggressive in the afternoon, and the market will be above 2500.
9.3 Gold short-term operation strategyAt the beginning of the Asian session on Tuesday (September 3), spot gold 4 hovered below the 2500 mark and is currently trading around 2495 US dollars per ounce. Due to the strengthening of the US dollar, the price of gold fell to the lowest point in more than a week near 2489 on Monday, but then rebounded to around 2507 yuan and closed at 2499, with a small negative column with upper and lower leads on the daily line.
During the US holiday, the overall volatility of gold was small yesterday, and the intraday short-term was still dominated by fluctuations. Although the gold price fell below the 2493 support during the day, it quickly recovered, but the rebound strength was still weak, especially the hourly line. After a small rebound in the white plate, it fell all the way, with basically no rebound strength. In the morning, it came to 2495 again. This trend, from the perspective of the day, will definitely continue to decline, and 2480 is expected to be reached.
Gold is now in a multiple top structure above, and the trend of the hourly line is obviously falling. The gold short has not ended yet. The rebound of gold is an opportunity for the short. Gold is now building a top structure. Once formed, the decline of gold has just begun. Today, we are still shorting near the rebound of 2505, which is the starting point of the hourly line decline.
Detailed intraday operation strategy:
Short gold at 2505, defense 2512, target 2490-2480
9.3 Gold short-term operation strategyGold fluctuates to welcome non-farm payrolls
Gold fell in the Asian session on Monday, rebounded in the European session in the afternoon, rebounded slightly in the US session in the evening, closed early in the morning, and finally made profits twice. The daily line closed with a small cross Yin pattern. The daily line has been mainly oscillating in recent times
Gold bottomed out and rebounded in the Asian session on Tuesday. The 4H closed with a small Yin at 10 o'clock. From the current pattern, gold still has the momentum to fall. In terms of operation, pay attention to the 2480-2482 range. Go long for the first time it touches and look for a rebound. Other positions are arranged on the spot.
Today's PMI data will also be focused on
On September 3, the upward point is 2480-2482, long, protect 2474, and target 2490, 2498
Downward point is 2510-2512, short, protect 2515, target 2500 2495
9.2 Gold short-term operation strategyGold fluctuates, short-term bullish ideas remain unchanged
Today is currently successful. Due to the Labor Day in the United States, the market fluctuates in the range of 2490-2508. Go long in the morning and leave with a profit of 4 points. In terms of trend, the overall trend is still short-term bullish. After falling back, it stands on 2500 again. Bulls are dominant. Short-term bullish operations are still in place. Go long around 2496, stop loss at 2488, and stop profit at 2508-2516. Pay attention to risks.
Trading ideas: Go long around 2496, stop loss at 2488, and profit at 2508/2516
The above suggestions are for reference only and are not used as a basis for trading
XAUUSD: Rebound to 2500 met resistance, will it continue to fallYesterday, the price of gold fell rapidly after breaking the 2500-point integer mark, falling as low as 2470, with a range of 30$. This coincides with my previous point of view. Yesterday, we bought near 2500, stopped loss in time after breaking, and turned to chasing the decline, making up for the loss caused by the buy order and earning 4K.
Now the gold price is near the 2500 mark again. I think this is still a swing level. If it cannot break through, the price will fall again. If it can break through the resistance range of 2500-2508, then the price is likely to try to reach historical highs again.
Relatively speaking, I am more inclined to fall when encountering resistance, but the specific situation still needs to be judged based on the actual situation. If there are any changes, I will inform you as soon as possible.
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XAUUSD:21/8 Today's Market Analysis and StrategyGold technical analysis:
4H resistance 2530, support below 2485
1H resistance 2520, support below 2500
The Fed's September rate cut expectations have greatly boosted gold prices. Investors expect the Fed to cut interest rates by 25 basis points, which puts pressure on U.S. Treasury yields and the U.S. dollar, pushing gold prices to a record high on Tuesday. From a technical point of view, gold prices have been blocked from rushing up to the $2,520 mark many times, and the upward momentum has weakened. Investors need to beware of the possibility of gold prices fluctuating at high levels and building a peak. However, from the daily chart, gold prices are still in the rising stage, and technical indicators have not shown signs of falling, and the overall upward performance remains strong. Pay attention to the support of the 2480 long-short dividing line in the short term.
Gold operation suggestions for the evening:
BUY: 2482-2485, SL: 2475
SELL: 2520-2525, SL: 2530
Technical analysis only provides trading direction!
Will gold prices continue to be short?There is definitely an opportunity to short the gold price. But you need to wait.
My current view is to continue buying. Then wait for the right opportunity to sell. Then make a good short trade.
I have made good profits continuously. I share it in real time every day. If you don’t know how to trade yet. Want to recover losses or expand profits. Remember to leave me a message.
Goldman Sachs Predicts China's Central Bank to Cut Reserve RequiGoldman Sachs analyst Hui Shan expects China's central bank to reduce the reserve requirement ratio (RRR) in the third and fourth quarters, aiming to manage the decline in long-term yields. This move comes in response to rising bond prices and weak aggregate demand. The People's Bank of China (PBOC) is also focused on reducing financing costs for companies and households. Meanwhile, the yuan carry trade is under scrutiny as the Chinese currency strengthens against the dollar. Analysts are monitoring the potential risks and the impact on global markets.
Interest rate cuts when gold bulls still have momentum to fight For today, Wednesday, how should gold bulls and bears be treated? So for today, intuition tells me that gold may encounter a blocked rebound in the process of going low, as for the reason, because the two days of gold rebound blocked in 2420 that ushered in a fall, the market wind direction is also gradually open to change, which leads to the market long and short reversal, retail investors have poured into the short in the rebound process, which is actually not conducive to the outbreak of short, Moreover, for now, the geopolitical risk sentiment is still continuing to ferment, gold did not take this opportunity to break out is also due to the high bullish heat caused by the market, so for the moment, due to the market's turn around, I think today that short selling or will be slaughtered, of course, for the reasons for the slaughter, I expect institutions will also take risk aversion and interest rate cuts as an excuse, However, it is worth mentioning that the rebound is only a rebound after all, at this point, I expect that the bulls will break 2420, but will encounter obstacles in the 2430-2440 area to usher in a fall again, this point, you can pay attention to prevent.
Of course, the above is just my speculation on the market, for the current, gold is not no continuation of the possibility of breaking, this, you focus on the 2370-2360 break can be, once smoothly broken, then there is no doubt that bears still have further lower 2330-2300 momentum, The key is to see whether the market malicious virtual break to attract the possibility of reversal, in this regard, for today, you try to stay on the sidelines, such as falling 2370-2360 can not be considered to do more, of course, radical 2380 can not break a minimum stop loss to participate in a wave, but remember that you also need to hang a good break empty single defense, even if it is successfully broken, All of you need to keep your reverse orders in place to guard against long reversals. So for the upper part, try to wait 2430-2440 does not break again to participate in the short, of course, radical or can refer to 2410-2414 this area, but due to the volatility of the market, coupled with I have not stared at the plate recently, this point, you need to react to the specific operation, of course, any operation, Must strictly follow my requirements to control positions and stop losses, beware of accidental outbreaks.
Gold prices will once again fall to a new bottomGold prices are about to hit a new low, if you are buying you need to delay
The position of 2370-2365 as a buying point can make some profits. As I said before, the pressure on the short-term upside is too great. Today in New York time, gold prices failed to rise several times. The first attempt was to break through 2398. The second attempt was to break through 2403. Both were suppressed by the short trend. And there is no more news to push the gold price to continue to rise. So the operation is still mainly short-selling. If the price reaches my expected position, you can make a super short-term rebound. TVC:GOLD COMEX:GC1! FOREXCOM:XAUUSD
Short first and then buy. This is the next trading plan.The gold price in the London market did not break through the 2317 position.
It just maintained fluctuations for several hours. The operating space is very small, but going long is still profitable.
The New York market is about to open. See if the gold price will pull back to around 2400 points.
If it is, you can start buying. Maintain the position around 2400. Aggressive players can rely on the position above 2410 to sell and get some small profits first.
The reasonable buying point is around 2400-2404. When the shorting reaches the expected level, the position can be closed. Then wait for the opportunity to buy.
FOREXCOM:XAUUSD COMEX:GC1! TVC:GOLD OANDA:XAUUSD