Aohui Investment Recommendation 8.17 Gold Market Trend Analysis and Operation Strategy
Gold is currently entering a critical period. First of all, after the last wave of non-agricultural data rose in August, it has fallen for two consecutive weeks so far. Among them, there is basically no room for a big rebound. The specific price range from 1948 to 1890 is close to 48 US dollars, and there is no bottoming performance for the time being. Therefore, it is certain that the temporary trend is still short, and the transaction needs to be kept short. Secondly, the current strong performance of the US dollar has not seen a peak for the time being. Coupled with the uncertainty of the Federal Reserve's interest rate hike in September, it has brought a certain degree of pressure to gold. Therefore, for the time being, gold's rhythm remains mainly short, supplemented by low prices.
In terms of technology, after the weekly line peaked in 1987, there were four consecutive yin lines. At present, the price of 1890 is just near the support point of Bollinger's lower rail. To say that this point continues to be bearish, there is not much room below, but the performance of the weekly line is mostly negative. The daily line of gold is even negative. This week's high is at the 1916 level, and the 1916-1911-1907 rebound high is gradually decreasing. Yesterday's inertia fell, and the virtual broke the 1892 line. Today, Thursday, and tomorrow's Friday are more important. If Thursday, Friday rebounds, and Thursday closes the doji or positive line, then next week, gold may reverse and rise, but if Thursday, Friday does not rebound and continues to weaken, the bottom may fall to the 1850 low.
So, Thursday, Friday's market is very important for the current long and short. The same is true for the daily cycle. The reason why gold may bottom last Friday is also because of the shape of the daily line and the indicator performance of low divergence. Since it is not established for the time being, then, looking at it again, the bottom is not achieved overnight, but repeated battles. The most clear bottoming performance is the daily line closing, which can form a bottom line and end the continuous yin performance. It is also a necessary condition for the bulls to counterattack.
In the early trading retracement near 1889, there is a small rebound. At present, it is basically the lower track of the weekly BOLL. In addition, silver is indeed not weak, so gold should not chase short. If 1889 does not break a small loss, try to take more and see it. If you get it at night, you can see the strength of the intraday performance. If the strength is not large, you can run short-term, or there is a suitable profit reduction game. Beware of the cycle premise that the increase during the day is not large, and the downward trend may be reversed at night! The suppression point of the daily unilateral moving average is in 1902, 1914, and Thursday. The rebound on Friday must at least stand above 1914 to consider whether there is a turnaround condition. For the intraday empty single operation, you will not chase short gold for the time being. Try to participate as close as possible to 1902/07. Loss 1914, target 18
Please indicate the source: https://www.daoctech.com/fxschool/616.html
Disclaimer: The content of this article does not represent the views of the Institute of Foreign Exchange. The content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.
