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Whether it’s outrageous or reliable, Anyway, just don’t be fooled. Controversies between long and short have continued around the high fluctuations in the past two weeks. Especially yesterday’s non-farm payrolls led to the decline of gold and silver, which has further laid a solid bottom for gold. The center of gravity of gold prices has clearly appeared upward. Shift, at this time, I don’t have a clue in my heart, so I can only silently cheer for others. Friday’s break and decline and then strong rebound mean that the direction has been determined, and the later increase can completely refer to the current form of silver. There is no support for the short-term market. , but whether the rising operation is one-stop, or whether it is a volatile upward trend, is the issue we need to pay attention to. This is an issue that needs to be discussed focused on next week. You also need to be aware of it
Crude oil, this week’s weekly yin and yang cycle The pattern has not been broken yet, but the market has turned bearish after the weekly line broke down continuously on Friday and the previous low support, and finally reached the lowest level. After breaking the position and falling, there was no rebound, making the weekly bardo close, and it appeared after a long period of continuous fluctuations. When the market breaks the level and falls, the short-term direction and the downside space are issues that we don’t need to consider. Instead, we should go back to what we said before. What we should pay attention to is whether the market will fall directly or fluctuate downward next week. The author believes that the market has just broken the level and is going downward. It should be Pay attention to the resistance first, and the position second. Otherwise, blindly expecting a rebound in a weak decline is very likely to be short-term. High, silver has reached a double top, and now it rebounds quickly to the position of. The early rebound was stronger than gold, but the decline was weaker than gold. It is a good reference indicator, at least the direction is clear enough. According to Silver's large-cycle head-and-shoulders trend means that silver will now have room for a correction and should rebound, so we will be cautious about shorting in the next few days this week.
Market Outlook for Next Week
Non The focus of next week's economic data after the 2020 Farmer's Day turns to China, with investors hoping to find the latest evolution of the economic slowdown in China's monthly trade balance and second-quarter gross domestic product. In addition, the US monthly job market index, monthly wholesale inventories and sales, monthly trade account, monthly producer index and initial applications data will also attract market attention. At the same time, the US will also release the heavy monthly consumer price index and the notoriously scary data. retail sales data. Japan will announce its monthly domestic corporate commodity price index. The Eurozone will release the monthly adjusted consumer price index
In terms of central banks, Cleveland Fed President Mester, Kansas Fed President George, St. Louis Fed President Bullard, Atlanta Fed President Lockhart and Minneapolis Federal Reserve Chairman Neel Kashkari will both deliver speeches, and the statements of Federal Reserve officials after the non-farm payrolls can help the market clarify future interest rate hikes. In addition, the Bank of Canada and the Bank of England will also announce interest rate decisions. The market believes that the Bank of Canada will maintain interest rates unchanged, while the Bank of England may implement interest rate cuts. At the end of this week, the pound's decline began to show signs of slowing down. If the Bank of England makes unexpected moves, it may cause greater fluctuations in the currency market, and investors need to pay close attention.
Interpretation of next week’s trend
Gold Gold was affected by the short-term negative impact of non-farm payrolls. It once dropped to the vicinity, and then quickly pulled back to the vicinity of the opening price of the day. It is currently running around the vicinity, so do not blindly believe in short positions at this time. , although the non-agricultural sector is negative, the performance of its data is not satisfactory, so you cannot refer to the non-agricultural retracement point to place orders in the evening or even early next week. Personally, I think there is still demand for a retracement of the daily line today. If it is forced to rise directly, the daily line will There is a periodic high point. Because the weekly line between the two is not bad, it tends to pull back at the beginning of the week to confirm the support before rising. So now I will give you two support points. This is the callback long position that we need to focus on tonight. position, not above. On the contrary, if the market fluctuates at the beginning of the week and the daily line does not perform strongly, then shorting will be the main option. Trade with a shock idea at the beginning of the week, and look for gold to continue to fall back to seek for the beginning of the week
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