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Once the foundation is laid, Tuesday’s trend is the time to verify whether the foundation is solid. When the market opens, it does not give anyone a break, but attacks directly. The first thing is to test the firmness of the foundation to gain support. For gold, the public account Zeng Mozhe once emphasized that there is no good thing in falling sharply in the morning. Do not chase orders and enter long orders when you see the bottom. This is also the most direct way to verify the soundness of the foundation. In the afternoon, the Reserve Bank of Australia announced an interest rate cut, coupled with the impact of the previous economic situation in Japan and the economic situation in Europe. It can be seen that the global economy as a whole has entered a sluggish stage, which will have a great impact on the Federal Reserve's interest rate hikes, and the probability of interest rate hikes may decrease again. Gold began to counterattack in the afternoon after benefiting from the gains. It first broke through the high resistance point and verification/resistance point maintained for two consecutive days, but it soon broke through and ended up touching near the highest closing price. It is getting closer and closer to the previous high point, and whether the market will form a double top has reached the most critical time point.
The third news is gradually increasing, and it has reached the most critical time this week, because small non-agricultural sectors are announced. It opened at a high level in the morning, and trading became increasingly cautious. During the Asian session, it basically maintained an adjustment trend between prices. According to past experience, if the market does not rise for a long time, it will retrace, but the timing of this retracement is key. Yesterday, Zeng Mozhe mentioned in the operation that the trend around pm is the most critical. As long as it does not rise, then we can consider Begin to place short orders nearby. This is one of the necessary conditions for backhanding in the previous day's rising market, and more still needs to look at the performance of the European market. If the European market does not rise, the probability of the US market falling will be biased. big. At the end of the European session, data began to be released. The data directly exceeded the previous value and expectations, which was negative for the trend of gold and silver. It also added more chips to our short orders, because we all know that the data is non-agricultural guidance data, so when the operation is close Adding some short orders again, the U.S. market opened and it basically didn’t take long to reach our designated target point. In the second half of the night, it basically hovered around within a narrow range. Therefore, no further orders were given, and the price closed at a nearby level, ending the three-day rising trend.
Thursday is getting closer to non-farm payrolls. Due to the reason for yesterday's closing line, the Asian market is key to today's trend. If the Asian market continues to maintain a low level, then the market may go down and test the bottom and front. The short-term bottom, and the opening that needs to be paid attention to above is the / line. This place is also a key breakthrough in the early upward trend. Only by standing at this place again can the bulls counterattack again. However, according to yesterday's data, for the next trend , gold's upward trend will definitely encounter heavy resistance, so in today's operation, in the morning, short orders will be mainly placed at / below /, and the stop loss will be considered near the low position of the overnight shock. This order will be placed around the point to make a direct profit. . This analysis was planned by Zeng Mozhe Space Talk and can be verified.
For the next operation, gold still needs to be interpreted more based on correction techniques. In the continuously rising market, the price retracement correction must rely on the daily line and the day as a defense, and the current future Look, after the early morning, it has been continuously trading sideways near the support level. Zeng Mozhe has analyzed this many times. Continuous trading sideways near the support level does not represent effective support. If executed in this pattern, it will still increase the risk of retracement.
Before non-farm payrolls, Zeng Mozhe expects that the main shock will remain. The support below is the weekly low, which cannot be broken before non-farm payrolls. The non-farm payrolls announcement may go down and then rebound. In terms of resistance, the daily line yesterday Although the late decline is not big, it cannot reach a new high today. It should be a high point before the non-agricultural sector. Then we will trade around the range in the next day or two and pay attention to the strength of the market. Yesterday, under the support of the daily positive line, the market fluctuated. If it can fall back later, it means that the market is mainly determined by the strength of the day. First, see if the range breaks through before following up.