The road to investment is long, you must learn to be calm. The market is often full of conflicts with technology and news, and requires less talk and more listening. No matter how hard you work today, the fallen leaves will still float down tomorrow. The market is impermanent. Impermanence is a normal state in the capital market. You must learn to get used to it. The rise and fall of the K-line passes rapidly with the "tick" sound of the clock.
October 16th Everyone’s weekend is good
From the news, this week, the overall CPI annual rate of the United States in September recorded 8.20%, higher than the expected value of 8.10%, and lower than the previous value of 8.30%; the US core CPI annual rate in September recorded 6.60%, the highest since August 1982, the increase in rent hit a new high since 1990, and food costs are also rising.
It is expected that the Federal Reserve Fed will raise interest rates for the fourth consecutive time at the end of its policy meeting in November 575 basis points. The Fed also plans to raise interest rates further next year, when the expected interest rate is expected to reach 4.6%. The more radical the Fed hawks, the less attractive gold will be.
Gold Technical Analysis
From weekly, stochastic indicator diverges from at the bottom of . Whether gold will expand its decline, decline, and form a new round of decline, it still needs to be observed. If a break at the weekly K level occurs, then the trend will continue to be estimated. Currently, the MACD indicator fluctuates downward, and the market has a probability of falling below 1630 and 1615.
The daily line structure is temporarily dead cross , with all shorts mainly, no longs, and no golden cross , there is no longs; the track support position of BOLL is up and down 1630, followed by the position of the previous low point support 1615. Therefore, the important focus for next week is the position of 1630 and 1615.
In the four-hour trend chart, the stochastic indicator temporarily crosses downward and is short; without a golden cross, there is no bulls, just that simple truth; secondly, it falls below 4 hours, gradually fluctuates and breaks the level, and continues to go downward and is short;
But it is important to note that the 4-hour pullback wash-up trend; Thursday's news and Friday's rebound are all very obvious trend signals for washing-up. At the end of October, the market's expectations for the Fed rate hike will gradually strengthen; but our other eye should also pay attention to whether the Russian-Ukrainian war has expanded;
To sum up, from a purely technical perspective, gold still needs to be short-selling. For four hours, the daily indicator is a dead cross down, so the direction should be positioned in the short; secondly, we must be careful of the day's washout, find a good position, and enter the game; in terms of defense, we must be careful whether 1630 and 1615 will form a short-term pullback trend. In terms of trends, the watershed of weekly K is the two positions of 1680 and 1615; if the upper reaches the upper reaches 1680-1700, the decline ends; if the lower reaches 1615, the decline continues;
text/Lin Yi watches the market The content of the article is for reference only, the specific intraday shall prevail. Investment is risky, please do a good job of risk control.
