Analysis of gold market trend next week

5 Jan

After this week's low-test and rebound trend, will gold continue to rise this week, or will it start a second decline? It is estimated that many investors tend to favor an upward trend. It is estimated that many investors are leaning towards an upward trend. After all, the rebound shown by bulls this week is very strong. Coupled with the weekly positive pattern and the temporary stabilization of 2596, it is natural to be bullish. However, I We need to be cautious when we think we are bullish, because the performance of bulls this week is still flawed, mainly in two aspects: First, the bullish rebound failed to test the strong pressure of 2680, and failed to maintain the increase of 2650, which is in line with the gradual downward trend of gold prices since the fall of 2726; second, although the daily line recorded a small negative line with a shadow line , but the closing below 2665 not only reflects the intensity of the suppression, but also maintains the short pattern in the technical form. Therefore, I think the short-term rise is only an adjustment, and the direction should still be judged as short-selling control.

From a technical perspective, the weekly line closed positively for several consecutive days. This week, a small positive line with upper and lower shadows was closed, which basically completed the trend of swallowing negative lines. At the same time, it also drove the short-term moving average to extend upward to form support. In addition, the Bollinger Bands are moving upward as a whole, so it should be conducive to the development of bulls. However, the indicators of each cycle maintain a short-term arrangement, and the MACD indicator double lines show a dead cross downward pattern, with signs of continued downward volume. On the daily line, as gold prices surged higher and fell back on Friday, the current price effectively runs above the short-term moving average and the Bollinger Middle Rail, forming short-term support at 2630 and 2618 respectively. In conjunction with the bullish arrangement of other cyclical indicators, the MACD double line golden cross shape, It should help bulls continue their trend. However, it is worth noting that the current Bollinger Bands are generally downward, so the overall daily line needs to be cautiously bullish.


In terms of 4 hours, this week's rise in gold prices is due to continuous small positives, indicating that the momentum of the bulls is not as strong as imagined. This can be seen from the fact that the current price has returned to running below the short-term moving average again, and due to the stagnation of prices, The short-term moving average is at 2650 Double resistance in the opposite direction is formed, and other cycle indicators turn to the short position. The Bollinger Bands are moving downward as a whole. In addition, the MACD double-line bonding shows signs of death cross again. Therefore, at the 4-hour level, the overall short position can be expected to break through 2630 at any time and increase the downward strength action.

Gold operation strategy:
1. Go long near gold 2633-2635, stop loss 2629, target 2665-2673 line;

6 Jan

Trade aktif

Monday gold market analysis:
Spot gold is trading sideways at a low level, currently quoted at 2,632 US dollars per ounce. The support pressure level is short selling at high levels and buying at low levels. The pressure level is 2652 and the support level is 2618. At this stage, those who cannot effectively stand above the 2645 area are all bearish. The focus is on whether the short position can continue to decline. The short position will first look at whether the 2632 area below can effectively break below. If it breaks below, there will be a second downward trend in the day! However, in view of this week's non-farm payrolls, the long and short difficulties will continue. Before non-farm payrolls, keep shorting highs in the large range and go long lows! Gold opened at a low level in the Asian morning on Monday this week. After a slight rise in the 2647 area in the morning, it quickly fell below 2645. The second rebound in the Asian morning failed to effectively stand above the 2645 area, and it fell directly to the 2631 area during the day!
It consolidated at a low level in the Asian afternoon. Before the non-agricultural data, it basically maintained operation in a large range. It was difficult for the long and short positions to continue. Sell short at a high level in the range and buy long at a low level! In terms of operation at this stage, buy long near the current gold price of 2632 first, and focus on the operation of the European market.

Two situations:
In the first situation, if the European session rises cyclically and then trades sideways near the 2640-2645 area, then the possibility of a second rise in the US session is relatively large, but the strength will not be very large. The extreme area of ​​the rise is near 2652-55. In this case, buy more near the current price of 2632, and look up to the 2640-45 area. If it can maintain operation above 2640 and continue to the US session, then continue to buy more around the 2640 area in the US session, and look up to 2652-55. If the US session touches near 2652-55, go short at a high level!

In the second case, the European session continues to run below 2640, and the bulls are unable to counterattack. Under the extremely weak form, 2640 cannot be reached. Then any position in the US session is a short position. The current low point is the later high point. In this case, in terms of operation, it is better to look at the long position near the current price of 2632 and pay attention to the European session. If the entire European session is still unable to go up and is under pressure below 2640, then the long positions before the US session will have to be adjusted. The US session will be around the area below 2640, and you can go short. Look at 2632 for a second break. If the US session breaks below 2632 again, the 2622-18 area can be seen below. You can go long when it touches near 2622-18 and look to 2632!

6 Jan

Trading ditutup: target tercapai

Today, gold hit the lowest level of 2626 and began to rebound. The 4-hour big positive line of gold took off directly. A big positive line directly swallowed up countless big negative line entities. This is the strength of the bulls. The big positive line directly lifted the roof. Above gold, we continue to pay attention to the 2655-2658 line, focusing on the 2665 line. If the upper position does not break, do not chase the long position at the high position and the short position at the low position, otherwise non-agricultural week trading will be more difficult.
From the 4-hour analysis, pay attention to the support of 2625-2630 below, and pay attention to the short-term suppression of 2655-2658 above, and focus on the high suppression of 2665 last Friday. The main tone of the cycle of selling high and buying low remains unchanged. Always be cautious in chasing orders and wait patiently for key points to enter the market.

Gold operation strategy:

1. Gold returns to the 2630-2635 line to go long, stop loss at 2623, and target the 2655-2658 line;

2. Go short on the rebound 2653-2658 line, cover the position on the rebound 2665 line, stop loss 2673, target the 2635-40 line, and look at the 2625-2630 line if the position is broken;