The current trend of gold is similar to expected, and it is in the stage of long-short game. If nothing unexpected happens, this trend will continue in the short term.
There was actually a positive effect last night, that is, British Chancellor Hunter overturned Trass' economic plan, restored market confidence in the pound, and took away the US dollar buying. However, this was not a continuous positive effect, so gold prices fell again after a brief surge.
At present, due to the lack of fundamentals in the market, it is indeed difficult for gold prices to completely reverse the sharp rise, but in the medium term, I think the US dollar is still a sustainable support point. Once Fed shows signs of relaxing hike rate , the dollar faces a large drawdown, and gold prices will have a chance to rise sharply.
So, from a medium- and long-term perspective, I personally prefer to be optimistic about gold.
In the short term, if there is no new news guidance next, the gold price is likely to fluctuate between US$1640 and US$1670. Therefore, it is not advisable to operate too frequently at this time.
summary: The price is traded in the range of US$1640-1670, watch as much as possible and move less. You can focus on the two positions of 1640 and 1670 US dollars. If the support falls below the $1640 mark, it is expected to further test the support near the Bollinger band lower track 1620; but if the gold price can strongly break through the $1670 mark, it will increase the possibility of breaking through the $1700 mark in the future.
OK, the above is my personal opinion on gold, for reference only. In operation, we can divide the pre-investment funds into ten equal parts, and the best intervention is to be done in batches. For example, if you plan to buy a certain fund or sector of 10,000 yuan, then if you buy one layer, it will be one thousand, two thousand is two layers, and so on....
The advantage of this operation is that it is not easy for you to buy on the top or the hillside. For example, after you buy 1-2 floors for the first time, the price continues to fall. At this time, you can use the remaining funds to buy and level the cost again.
Post time:
Noon review: 11:30-13:00
Operation: 14:00-14:45
Replication: 17:00-20:00
