There is no so-called failure, only by not trying anymore, envying what others get, it is better to cherish what you have. Life is a circle, and every point in the circle has a line that can take off~
Time comes to the end of the week, gold continues to fluctuate and fall during the week, releasing the expected continuity short-selling force. stage has launched a strong short-selling emotion adjustment from US$1,808. Although has rebounded in the short-term , these adjustments have almost become the position for us to continue to increase our positions in and short gold. overnight gold was difficult to maintain its strong position, approaching US$1,762 during the day, and finally closed down 0.74%.
The main factor causing gold to fall, should be the market's strong expectations for Feder in its interest rate resolution, which weakens gold buying sentiment. In the past two days, many Fed officials expressed concerns about inflation continue to rise. believes that the Fed will accelerate bonds faster. If inflation remains at a high of around 4% in 2022, will raise interest rates in advance.
At the same time, US Treasury Secretary Yellen said last night that the strong U.S. economy may prompt interest rate hikes, which is beneficial to the world and emerging markets in general. She said she was preparing to abandon the temporary statement of inflation, and lowering some tariffs might help (to reduce inflation), but could not change all the questions and it is up to the Fed to decide when interest rate hikes are decided.
Overall, Both Fed Chairman Powell or US Treasury Secretary Yellen changed the previous dovish argument this week, which will directly affect the value curve of medium and long term gold , free from the constraints of small cycles, Gold is expected to test $1560 and $1450 in 2022. market will speculate on expectations, and it is expected that the layout of large-band bears will be planned after the start of the year...
Before this, due to the data and news released by the market, it will affect the short-term fluctuations in the gold market. The market will announce the US non-farm and unemployment rate in November tonight. The current market expects that the non-farm employment population will record 563,000 after the seasonal adjustment in November, slightly higher than the previous value of 531,000. The unemployment rate in November is expected to record 4.5%, lower than the previous value of 4.6%.
From the perspective of market expectations, this is a negative gold data. , but the published value of the non-agricultural data is not much different from the market expectations, it will not have a strong impact on gold. The published value of the data is around 650,000 people, which can cause gold to accelerate its decline in the short term. However, this decline space is also limited. Gold falls for a week, and non-agricultural funds have a probability of reversing.
According to the time calculation, Gold accelerates today and will bottom out after . It will usher in adjustment. The bulls will strike back from $30-50 next week. In mid-December, due to the Federal Reserve's signal of accelerating bond shrinkage, the expectation of dot chart interest rate hike slightly increased, which will once again push gold to collapse and fall. At that time, the adjustment will be slightly deeper, and the market will gradually optimize the details.
Although gold failed to reach $1,760 yesterday, it was at 1762, which was the upward trend line support formed by the entire band. It is common sense for gold to rebound, but gold has once again formed an accelerated collapse, and the support effect of 1760 will be hit to a certain extent. At present, I am more worried that gold will break down 1760 and reach 1745 in today's acceleration bottoming.
After all, gold has been corrected in the range for so long, and the oscillation and downward entry into the acceleration stage can only achieve a short-term reversal. and 1745 are the central point formed in the previous period in the entire band. In the conventional market, the probability of falling below the bottom of 100 points is very high. Therefore, if you want to buy at the bottom of at this stage, you should pay attention to the rhythm . At least before this acceleration is achieved, I will not consider long gold at the moment.
intraday trading, gold can continue to participate in short-term trading when it is adjusted to around US$1778. Yesterday, the gold night trading adjusted its high point at 1781. If it wants to defeat the downward high point, it will form a downward state, so that the trend forces can enter the market. At that time, you can participate and take good protection! Tens of millions of roads, the first one to protect. I feel good when I hold the order for a while, and I cry when I have two lines of position. Trading should be cautious!
