Did you buy at the high?From the intraday trend, there are signs of continued rebound. But it needs the promotion of news. Independent traders need to pay close attention to whether the pressure position of 2630-2634 above can be accurately broken through and stabilized. At present, the current price is around 2621. If you want to trade, there will be some profits in the short term.
If the gold price breaks through 2634 quickly and stabilizes, the rebound will continue. COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAUUSD CAPITALCOM:GOLD
Goldminers
10.10 Gold price under pressure for six consecutive days, pay atOn Wednesday (October 9), spot gold plunged nearly $15. After the latest minutes of the Federal Reserve meeting were released, the market's expectations that the Federal Reserve would keep interest rates unchanged in November suddenly heated up, which stimulated the strength of the US dollar and hit gold prices.
Due to the strengthening of the US dollar and the weakening expectations of the Federal Reserve's sharp interest rate cut in November, gold fell for the sixth consecutive trading day on Wednesday. Spot gold closed down $14.13, or 0.54%, at $2,607.71 per ounce on Wednesday. The price of gold fell to a low of $2,605.16 per ounce during the session.
Intraday data focus:
US September unadjusted CPI annual rate
US September seasonally adjusted CPI monthly rate
US initial jobless claims for the week ending October 5 (10,000)
Technical analysis:
1. There may be more pullbacks in the Asian session, and the European session will rise.
2. Only when the 2,624 watershed is broken will it fluctuate. If it is suppressed, it will still be a weak correction.
3. Pay attention to the pullback in the US market.
Therefore, if the Asian market reaches 2611-2, go long, stop loss 04, and the target is 2624-6. Strong resistance is 2630-32.
The US market cycle is short, and it depends on the strength of the European market's pullback, but the rhythm of the cycle has not changed.
10.10 Analysis of short-term gold operationsIn the early Asian session on Wednesday (October 9), spot gold fluctuated in a narrow range and is currently trading at $2,610.88 per ounce. Gold prices fell more than 1% during Tuesday's session, hitting a low of $2,604.68 per ounce, the lowest since September 20, and closed at $2,621.76 per ounce. Recent US employment data hit expectations of a larger rate cut, and as Hezbollah supported efforts to reach a ceasefire, market concerns about a possible all-out war in the Middle East cooled, also weakening gold's safe-haven buying.
Technical Analysis
Daily Chart
On the daily chart, gold prices are close to the trend line, and buyers are expected to intervene at this point, setting a risk range below the trend line, ready to push gold prices up and set new highs. Sellers hope to see gold prices break below the trend line to increase bearish bets and fall to new lows.
4-hour chart
On the 4-hour chart, gold prices fell below the recent low yesterday, then pulled back and continued to fall. Buyers want to see gold prices rise back above $2,625 to prepare to push prices higher and set new highs, while sellers may continue to target the trendline for now.
1-hour chart
On the 1-hour chart, the lower limit of today's daily range is near the trendline. If gold prices fall to the trendline today, the trendline should limit the decline. Tomorrow's US CPI report may determine whether gold prices continue to rise or fall further
The US CPI report and US unemployment claims data will be released. On Friday, the US Producer Price Index (PPI) and the University of Michigan Consumer Confidence Index report will be released.
10.9 Gold bottoming out may not be over yetGold fell below the low point of the previous correction yesterday, and the daily line went out of the 5-day negative pattern. This is too much for the bull correction. The continuous negative time is too long, but from the price point of view, it is not, and the amplitude is not enough.
The price broke the short-term 5-day and 10-day moving averages, which means that the overall pattern has weakened. Especially after 5 consecutive negatives, there is still momentum for further retracement today.
For today, the probability of continuing the oscillation cycle is still very high.
1. The bottoming out and rebounding during the day, the European market rebounded.
2. The US market rushed down and continued to fall, but the European market rose, and the probability of breaking the bottom today is small. Just look at it as a shock.
3. The previous low point is supported at 2613-4.
In terms of data: EIA crude oil inventory in the United States as of October 4 (10,000 barrels)
Intraday short-term operation suggestions:
BUY: 2608 target 2628---2635
SELL: 2635 target 2625----2620
Tuesday Market Analysis and SignalsIn the early Asian session on Tuesday, spot gold fluctuated in a narrow range and is currently trading around $2,641 per ounce. Gold prices fluctuated and fell 0.38% on Monday, rising to around $2,660 at the highest point during the session and hitting a low of $2,637. Federal Reserve officials said that it is not appropriate to relax monetary policy excessively. Recent employment data is good, and investors have lowered their expectations for the Federal Reserve to cut interest rates sharply in November. The US dollar remains strong, and the US Treasury yield has risen above 4% for the first time in two months, which has also put pressure on gold prices!
The US dollar hovered at its highest level in seven weeks, making gold denominated in US dollars more expensive for investors holding other currencies. The US 10-year Treasury yield broke through 4% for the first time in more than two months on Monday, which means that the opportunity cost of holding gold has increased, reducing the attractiveness of gold. In the short term, gold prices are still facing the risk of further correction in the short term, but the prospect of further interest rate cuts by major central banks around the world and geopolitical tensions still attract bargain hunting and safe-haven buying to support gold prices. This will limit the correction space for gold prices.
On this trading day, we need to pay attention to the US trade account in August, continue to pay attention to the speeches of Fed officials and news related to the geopolitical situation, and pay attention to the impact of the performance of global stock markets on risk aversion.
Huang Jin continued to fluctuate and adjust in a wide range, consolidating around the triangle range of the hourly chart, and continue to pay attention to the intraday adjustment of the 2630/2670 range. The 4-hour moving average has already crossed, and it has not been able to break through the moving average after multiple upward surges. The 2652 line has become a barrier. There is also an important signal, that is, no news that is bullish on gold has pushed it up, and the gold price may turn down at any time!
Asian market trading strategy:
2630-2632 long, stop loss 2621, target 2650-2660;
2652-2654 short, stop loss 2663, target 2630-2620;
Short gold near 2640 in the London marketShort gold at the opening of the market, waiting to verify the profit
2640 -2638 Sell
tp2630-2628
The transaction has been executed. Waiting for verification of profit.
OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! CAPITALCOM:GOLD
Just personal operation. For reference only.
10,8 Technical Analysis of Gold Short-term OperationsAt the end of the Asian session on Tuesday (October 8), spot gold maintained its intraday decline, and the current gold price fell to around $2,627/ounce. Spot gold closed down 0.41% on Monday at $2,642.28/ounce.
There was no important data released from Monday to Wednesday to guide the market, but the speeches of several Fed officials need special attention, and then there is the September CPI data on Thursday, the initial jobless claims data for the week, and the minutes of the Fed meeting at 2 a.m.
From the daily level, a small negative column was recorded yesterday, and the price remained below the short-term moving average. The moving averages of other cycles were arranged upward. The Bollinger overall intended to close, the MACD double-line dead cross probed downward, and the green kinetic energy column increased in volume, which was in line with the K-line trend. The primary pressure above was around $2,650, which was close to the previous high. Below this, the daily line still tended to be short.
$2,650 is the first resistance, and further resistance upwards is near 2,660 (three points above and below). If the intraday rebound does not break through and there is no geopolitical situation to increase risk aversion to support it, the technical retracement and repair demand will continue. Further support below is $2,630. After breaking through, it can extend to the $2,620-2,618 range. In other words, today's trend is expected to retrace first. If it can retrace to the expected range, you can participate in the bullish trend.
Gold fluctuates at high levels, bullish resistance is still largGold intraday trend:
1. It is still likely to fall below 2640 during the day. If it reaches, it will easily break through and support the previous low of 2632.
2. The volatility has not changed. The market is not likely to continue. Both long and short positions can participate.
3. The upper resistance is still at 2660. There were 4-5 negative daily corrections in the previous volatility. The correction time has not reached the limit, so don’t worry about over-adjustment. In terms of price, the high point has only retreated 40-50 US dollars, which is a small range.
Short-term operation:
BUY: 2640 Target: 48---50
SELL: 2660 Target: 2645----40
Ultra-short-term buying. Quick trading guideThe position of 2641 may serve as a short-term rebound support. In the ultra-short term, you can buy with a small order. If the market reaches the position of 2635, you can add a second order. There is no major news to disrupt the market. Sell high and buy low is a suitable strategy for ultra-short-term operations. CAPITALCOM:GOLD OANDA:XAUUSD CAPITALCOM:GOLD COMEX_MINI:MGC1! COMEX:GC1! BINANCE:BTCUSDT
10.8 Analysis of short-term gold operationsIn the early Asian session on Monday (October 7), spot gold fluctuated in a narrow range and is currently trading around $2,640/ounce. Gold prices fell slightly after violent fluctuations last Friday, closing at $2,652.64/ounce, as the stronger-than-expected US employment report poured cold water on the Fed's expectations of aggressive interest rate cuts in November, boosting the dollar to a high of more than one and a half months, and US bond yields also rose sharply to a high of nearly two months, overshadowing risk aversion concerns over the tense geopolitical situation in the Middle East.
Technical level:
1: In 4 hours, BOLL shrinks, the range shrinks, and the range shrinks to the 70 range of 2642-26; in terms of indicators, the stochastic indicators and MACD indicators are all blunt, and the signals are unclear; in terms of form, it is a horizontal pattern, which is not the top high point;
2: In the daily K, the stochastic indicator crosses downward, which is a bearish adjustment signal; in terms of form, the time-for-space pattern, the market is relatively resistant to decline; the central axis gradually moves up, and the current track support of the central axis is around 2590, but it is expected to rise to around 2600;
Non-farm data is mixed, gold peaks in the short termThe non-agricultural data on Friday went up and down, and it was neither rising nor falling. The 4-hour moving average is sticking together, and it seems that it will break through this week and usher in a big market.
Gold has not reached its peak at all, and the 4-hour cycle is still one wave higher than the other. The only bad signal is that the 60-day moving average of the 4-hour cycle has been broken. We can see that in the previous wave of $150 increase, gold did not touch this moving average at all. This signal must be paid attention to.
The K-line signal is still bullish, and this wave of triangle consolidation is about to change. Technically, gold has not reached the top yet, and gold has one last rise.
Intraday short-term trading strategy:
Gold 2665 short stop loss 2670 target 2645---40
Gold 2633 long, stop loss 2623, target 2655---60
Sell gold in the ultra-short term. The room for decline is about $6 or more.
The price range of 2655-2652 is the top of the triangle pressure. Selling is the main method in the ultra-short term.
If you hold a loss order for a long time a CAPITALCOM:GOLD OANDA:XAUUSD nd don’t know how to deal with it, leave me a message.
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XAUUSD: 7/10 Today's Market Analysis and StrategyTechnical analysis of gold
Daily resistance 2700, support below 2622
Four-hour resistance 2685, support below 2634-22
Gold operation suggestions: Gold fell slightly after violent fluctuations last Friday, closing at $2652.64, because the stronger-than-expected US employment report poured cold water on the Fed's expectations of aggressive interest rate cuts in November, boosting the dollar to a high of more than one and a half months, and US Treasury yields also rose sharply to a high of nearly two months, overshadowing the risk aversion concerns over the tense geopolitical situation in the Middle East. U.S. job growth accelerated in September, and the unemployment rate fell to 4.1%, further easing the pressure on the Fed to cut interest rates by another 50 basis points at the November 6-7 policy meeting. The overall technical aspects of gold prices continued to fluctuate in a wide range of long and short positions in volatile trading.
From the current short-term perspective, the upper 2675-85 area still forms a strong resistance and suppression area. At the same time, the 2634 area where it fell and stabilized last week is still effective. The lower 2622 daily level support is still bullish. In the short term, gold prices continue to maintain a wide range of long and short fluctuations before there is no news stimulus in the market.
BUY:2650near SL:2647
BUY:2634near SL:2630
BUY:2622near SL:2618
SELL:2666near SL:2671
Technical analysis only provides trading direction!
How to get rid of a sell order in hand ?If you make money, it's because of your good skills or luck. But how should you deal with orders that lose money?
Stop loss or continue to hold? It depends on whether the market continues to rise or fall. I personally think that the market will continue to fall. The main reason is that there is a lot of pressure from above.
CAPITALCOM:GOLD BITSTAMP:BTCUSD BINANCE:BTCUSDT
For investors who hold short orders, I suggest you continue to hold and wait for a suitable time to close the order. After all, after the stop loss, the loss is huge. Many people cannot accept it. Moreover, many people have different selling timings and positions.
Getting rid of the short orders in my hands is my only idea at present. Whether you are a novice or an investor who has been in the market for a long time, you will face this problem.
OANDA:XAUUSD
Judging from my more than ten years of trading experience, it is only a matter of time before the gold price falls. It is reasonable to mitigate the loss through other transactions in the short term. After all, as long as it reduces the loss, any method can be implemented.
Starting next week, I will share my real-time views and operation strategies one after another. If you want to recover your losses, keep paying attention. In this way, while you continue to pay attention to me, you will definitely get help and the answers you want.
Gold fluctuates and awaits non-agricultural data!!!For today, we need to divide the non-agricultural data into two parts.
1. Before the data, it rose in the morning. The European market rose and fell in the past two days. From the perspective of the daily line pattern, it tested 2664 4 times, and the resistance level was very small. This must be a breakthrough, but if this breakthrough continues to fall, it will not make much sense.
So, either it is around 2658-60, with a loss of 50, and look at 2673=75 above, and arrive before the data.
2. Give up the intraday market and wait for non-agricultural data.
Referring to Wednesday's ADP, the non-agricultural data is likely to bottom out and rebound, but this bottoming must be based on the breakthrough and rise in the European market, and the US market will see a bottoming and rebound.
If it has been suppressed below 2664 during the day, then the bottoming and rebounding will not make much sense. The trend is not very strong.
Only if it breaks through during the day and the US market bottoms out and rebounds, there is a risk of breaking high. If it is suppressed, it is likely to continue to fluctuate.
So whether it is strong today depends on the strength of the breakthrough in the European market.
If there is no breakthrough, look for shocks; if there is a breakthrough, look for strength
Gold keeps hitting new highs, and today is the day to see a breaThe gold price moves perfectly along the trend line. It starts to rise when it approaches the trend line. Gold is accumulating strength at a high level. Today, the gold price may break through the historical high and start the rising mode.
The gold price trend is very healthy. It starts to rise when it approaches the trend line and important moving average. The best operation is to follow the trend, because the risk of going long is much lower, just like the Chinese A-shares that are winning by doing nothing now. Shorting may burst at any time, and going long may reach the daily limit at any time.
Today's data:
The number of layoffs of challenger companies in the United States in September (10,000 people)
The number of initial jobless claims in the United States as of the week ending September 28 (10,000 people)
The final value of the S&P Global Services PMI in the United States in September
Trading strategy: Gold 2640 more, stop loss 2630, target 2665--------2670
10.3 Gold short-term operation strategyAt present, gold continues to fluctuate. The hourly chart has formed a converging triangle. The short-term support is 2648, and the upper pressure is at 2670. From the daily chart, the "big positive front resistance line" pattern has been formed. Under the support of the big positive line of last week, after repeated short-term fluctuations, the market tends to choose to break down! ! !
Today's data:
The number of initial jobless claims in the United States as of September 28 (10,000)
Intraday operations:
BUY: 2648 Stop loss: 2643 Target: 2655----2660
SELL: 2665 Stop loss: 2660 Target: 2630----2625
10.2 Gold bottoms out and correction is made from high levelsGold daily line is still sideways at a high level, and the K line continues to deviate far from the moving average. This is an abnormal trend. The gold price will inevitably return to the moving average. This is inevitable. At the same time, there is an obvious double top pattern near 2670, and the upper shadow line continues to close.
Gold fell under pressure from the high level in 4 hours. Gold continued to have a double top structure in 4 hours. Gold rose to 2673 last night and fell under pressure. The resistance is obvious.
The tension in the Middle East is still an important factor affecting the gold price. This week will usher in non-agricultural data.
Intraday operation:
SELL: 2675 Target: 2660------2650
BUY: 2645 Target: 2665------2675
XAUUSD:1/10 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2622
Four-hour resistance 2685, support below 2634-2622
Gold operation suggestions: Yesterday, gold rushed up and fell back. The price fell to the lowest 10-day moving average and then formed a support rebound, and finally closed at 2634.5. From the current market, the monthly line rushed up and fell back and still rose sharply. The price is far away from the moving average and needs to be corrected. The daily chart price fell below the 5-day moving average and supported by the 10-day moving average. The trend has not turned, but weak shorts have appeared. Today, it is expected to further decline after the correction of the 10-day moving average. From the short-term moving average dead cross downward, the auxiliary indicator MACD dead cross at a high level, the four-hour high of 2685 rushed up and fell to 2675 and officially turned short. It continued to go down yesterday, but the decline did not continue today.
Judging from the current market trend, the short-term support below is 2634-2622, and the pressure above is 2650-2655. Continue to rely on this range to sell high and sell low, and wait patiently for key points to enter the market.
BUY:2650near SL:2647
BUY:2634near SL:2630
BUY:2622near SL:2618
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
10.1 Analysis of gold short-term technical operations1. The daily line has adjusted for two days and just stepped back on the 10-day moving average. According to the bulls, this is a typical correction. The biggest step back in the strong trend is 10 days. Whether it can go up today is very critical.
2. The usual high-rise and fall in the morning, the European market is weak. For the continuous market, the European market is weak and the US market is difficult to increase.
3. Yesterday, the US market retreated twice, and the European market broke the bottom, and the US market was weak after the bottom.
It cannot continue the retracement. 2623 is the retracement of the rise to 382, which is very critical. It breaks the bottom and affects the bulls.
In addition, the daily line is weak, so the rise is affected.
And today, it is above the turning point of long and short.
The watershed in the morning is 2640. It is not considered whether the European market will go through a cyclic retracement for the time being.
Gold's short-term downturn has passed, go long at 30Gold is long near 2630.
Gold has gone out of the turning point, the decline is over, and it is about to start rising. Go long in the short term today, seize this opportunity to get a big wave.
Gold fell back to the moving average and closed with a hammer line, and the turning point signal is obvious. Go long near 2630. If we look at the moving average, it also meets the bullish trend, because every time the gold price falls back to the moving average, there will be a rebound. Can it rebound and break the historical high? Let's not consider it for now, grab the long orders near 2630, and let the market give us the rise we want.
Trading strategy:
Gold is long at 2630, stop loss at 2620, target 2650-------2655
XAUUSD: 30/9 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2622
Four-hour resistance 2685, support below 2643
Gold operation suggestions: Gold currently has different degrees of narrowing signals in the 4-hour and 4-hour, indicating that there will be a need for adjustment in the short term. With the high and fall action at the end of last Friday, this week before the release of non-agricultural data, it will maintain the range sweeping action, continue to narrow the range, and accumulate momentum to break through the range again. At the daily level, it is based on the 10-day moving average as the support line for the rise.
Today's support below focuses on the 2643/2634 level, and the upper pressure focuses on the 2675-2685 area. Continue to rely on this range to sell high and buy low during the day. The daily level does not fall below the 2622 line and continue to be bullish. I will prompt the specific operation strategy in the VIP signal.
BUY:2650near SL:2647
BUY:2634near SL:2630
BUY:2622near SL:2618
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.