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After the fall of the U.S. dollar, the price of gold rebounded in the U.S. dollar. The daily level is gradually converging, near the upper rail position and the lower rail position. Nearby, the gold price is currently close to the upper rail position, and you can open a short order nearby. If you look at the triangle lower rail, the trend indicators tend to be gentle, indicating that the gold price may enter a shock pattern, and you can operate in a shock pattern first. Gold has once again reached the vicinity of the previous high. The failure to break through in the previous period indicates that there is greater pressure around the US dollar. Today it has rushed to this position in the Asian market. The probability of breakthrough is small. In the short term, there is a high probability that it will fall back under pressure at this position. The Asian and European markets can be at A short order is established near the U.S. dollar. Look down to the U.S. dollar. The trend indicator golden cross is upward, indicating that the current short-term trend is bullish. The short order can only be viewed as a callback, and profits can be taken with support near the U.S. dollar below.
Monthly Asian and European trading operation suggestions
London gold has upper pressure and lower support
London silver has upper pressure.,.,. Lower support.,.,.
Operation suggestion: price rebounds to pressure If there is pressure near one, go short appropriately and target support one.
When the price touches support one, go long appropriately and target pressure one.
The Federal Reserve released the minutes of its monthly meeting overnight, showing that officials were divided on whether they should raise interest rates as soon as possible, and generally agreed that more data was needed before raising interest rates. The overall wording was interpreted as dovish by the market, and the U.S. dollar's attempt to rebound failed. The price of gold dipped to the weekly low of U.S. dollars per ounce and then quickly rose above the U.S. dollar, recovering the previous decline in Asia and Europe, and finally closing around the U.S. dollar per ounce, daily chart record The long lower shadow line of the small white candlestick is the third consecutive weekly high. At present, although the possibility of the Federal Reserve raising interest rates within the year still exists, the latest retail sales and inflation indicators are weak, and there are many obstacles to raising interest rates as soon as possible. Therefore, the author believes that the monthly meeting is likely not to raise interest rates, which is expected to provide gold prices in the short term. Provide reasons to continue upward. Today, pay attention to the speeches of Federal Reserve officials Dudley and Williams. Compared with the somewhat outdated meeting minutes, the latest remarks may be more instructive on the prospects for raising interest rates. In terms of data, you can pay attention to the U.S. initial filings last week, the monthly Conference on Chamber of Commerce economic leading indicators, etc.
Technically, in the daily chart, the gold price fell back to support at the bottom of the triangle and then rebounded, approaching the upper track. The stochastic indicator maintained its rise and is expected to break through upward within the day.
Key Resistance
Key Support