The current international gold price is around 1895 on Tuesday. DXY hovered near a two-month high, but its five-week winning streak eased as investors bide their time ahead of a Fed seminar in Jackson Hole, Wyoming, on expectations that major central banks could stay relatively low for longer. Gold hovered near five-month lows amid high interest rates and rising U.S. Treasury yields weighed on the metal. After the opening of the day, it first retreated to the 84 line, and continued to compete around 90. However, after the U.S. market unexpectedly exceeded the 1898 position, it began to retreat, and continued to touch around 1885. Due to the recent weak form In other words, this action does not perfectly explain the signs of the bulls' rebound, but when the market continues sideways and there is no sign of breaking the position, we can continue to consider whether the reversal of gold is coming, and the current daily line continues to be under pressure. The short-term moving average has also achieved the effect of short-term resonance, and the downward trend of the hourly line is perfect. According to the simplest operation idea, let it take its course and follow the market. We can still consider trying to release a certain amount of energy from bulls, and the first target above is maintained at the 1900 integer level. Once this position is broken, there will be a possibility of continuation in the later stage.
Judging from the current trend structure of the market, the downward trend channel line in the previous period is relatively regular, and the decline that abides by the rules goes lower. Although there is a certain rebound in each single trading day, there will always be a new decline after each rebound. break low. At this time, every rebound opportunity should be shorted to see the fall. At the current stage, there has been no continuation of breaking lows for two consecutive trading days, and the repeated hourly lines at low levels have formed a more obvious defensive trend. Although the rebound is not strong, the previous downward pattern has been broken. Adjust the layout of the train of thought. Jiesse predicts that nearly half of the analysts will choose to short at 1900 today. The short-term thinking in the operation should be adjusted appropriately, and the position of short selling should be adjusted a little higher. Wait for the rebound to test the top and then short at the high point, or the market will reach the low point of 1884 when the market weakens Nearby, let's follow up.
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