Jin Shengfu: Where will gold go in the future when it recovers from the sharp fall of gold on May 24?

Jin Shengfu: Where will gold go in the future when it recovers from the sharp fall of gold on May 24?
18:14, May 24, 2024 Huitong Network

Mutual encouragement for capital change:

Our investment philosophy is to first ensure the safety of the principal, and then increase the value on the basis of preserving the value. But the market is changeable and unpredictable. There are two problems: first, in order to reduce risks, we cannot maximize profits; Second, because of the uncertainty of the market, there must be losses at some stage.

Any successful trader needs to follow strict trading principles - not set a single order, not lock a single order! The survival rule of the market is the law of the jungle. No one is doomed to be unlucky, but a group of people are doomed to be eliminated by the market. Investors will not enjoy preferential treatment because you are the weak. When the waves wash, the sink becomes gold, the storm remains, and the "leftover" becomes the king.

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What news will affect gold in the near future crude oil Trend? Today's gold trend is bullish or bearish?

After two consecutive trading days of sharp decline, the gold market rebounded in the early morning of the European market on May 24, Beijing time. Gold price At present, it is located near 2338 dollars/ounce, and the market shows great interest in this round of fluctuations. The Israeli army approached the Shabula camp in Rafah, and the four axis aircraft was hovering over the European Gaza Hospital. The power failure of the Al Aqsa Hospital in Deir Barah District of Gaza caused patients to wait for death. Looking ahead, the market needs to be cautious of the speech of Federal Reserve official Waller, and hawkish signals will hinder the progress of precious metals. This article will deeply analyze the latest trends of the gold market, explore the logic behind it, and predict the future trend.

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Looking ahead, the gold price trend seems still fragile. With the speech of Federal Reserve Governor Waller, the release of US durable goods orders and consumer confidence data, the US dollar entered the bullish consolidation stage. Risk aversion has spread to Asian trading markets, and gold prices are waiting for a new catalyst to drive its next decline. After the gold market experienced severe fluctuations, investors need to be more cautious in assessing the market situation. Although the gold price shows signs of rebound in the short term, the long-term trend is still unclear. Investors should pay close attention to market dynamics, especially the performance of gold price at key support and resistance levels, as well as any macroeconomic events that may affect market sentiment. Gold investors are paying close attention to the statement of Federal Reserve officials to find further clues. Federal Reserve official Waller will deliver a speech on Friday, and the tough words of policy makers may put pressure on gold. Higher interest rates usually increase the opportunity cost of holding gold and other unprofitable assets, thus damaging the gold price. In addition, the upcoming release of US durable goods orders and Michigan consumer confidence index will also provide further direction for gold prices.

5.24 Analysis of gold market trend:

Technical analysis of gold: The mid line short order of this week said yesterday that the limit is 2300. It is suggested to continue to look at the performance of short positions. The short-term pressure should first pay attention to 2344-2347, and then to 2355-2358. If the short position wants to increase its strength, then the latter cannot return. Otherwise, the market will fall into shock again. However, I think this probability is very small, even if it rebounds to 2347 or above, It will also be the best short-term vent opportunity. For support, first pay attention to the 2320-2315 area, which is suitable for short and long layout when first touching, but any time it breaks, it will increase the probability of short positions going down near 2306, or even lower. If the market can take this step, it needs to focus on the 2300 pass again, and these two places will also be the positions where I begin to consider the middle line with more orders.

From a technical perspective, the continuous negative daily line pattern has made the gold price effectively run below the moving average and the Brin middle track, and has driven the short-term moving average to extend downward. Other periodic indicators follow the formation of short positions, and the overall downward trend of the Brin belt has intensified. In addition to the dead fork pattern of MACD indicators, the green column potential energy continues to be extended downward, The KDJ index has sufficient downward potential energy. The current daily market should be regarded as dominated by bears, and the short-term probability will continue to go down, focusing on the break at 2300.

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The continuous negative pattern of the 4-hour chart not only makes the price effective moving average below the middle track of Brin, but also drives the moving average downward. At present, short-term pressure is formed at 2344 and 2358, respectively. In addition, other periodic indicators turn to short positions, and the overall downward trend of the Brin belt intensifies. In addition, the MACD indicator is dead cross downward, and the green column potential energy intentionally continues to scale downward, The KDJ index shows signs of adhesion at the third lower level, so the overall 4-hour level is expected to continue to expand the decline. In the 1-hour trend, gold has now fallen below the support level of Fibonacci 0.618 2343, and the market has clearly turned into a weak position. With the opening of the dead fork of the moving average constantly enlarging, the pressure level keeps falling. Gold is hopeless to rise in the near future, and its decline will continue to be maintained. The daily operation will focus on rebounding high. In summary, On the short-term operation idea of gold today, Jin Shengfu suggested that the main idea is to rebound and short, supplemented by the long call back. The upper short-term focus is on 2343-2350 front-line resistance, and the lower short-term focus is on 2306-2303 front-line support. All friends must keep up with the pace. It is necessary to control the position and stop loss, strictly set the stop loss, and never resist the single operation. Recently, the market has experienced great turbulence, with opportunities and risks coexisting, so as to control risk and rebrand returns.

5.24 Reference of gold operation strategy:

Empty order policy:

Strategy 1: gold rebounds around 2343-2345, shorting (buying down) 2/10 positions in batches, stopping loss at 6 points, and breaking at 2305 near the target 2325-2315; The strategy is time sensitive, and more real-time layout strategies are published within the students.

Multiple single policies:

Strategy 2: gold retreats to the position of 2/10 long (buy up) in batches near 2303-2305, stops losing 6 points, targets 2320-2330, and looks at the first line of 2340; The strategy is time sensitive, and more real-time layout strategies are published within the students.

[What should I do with a new sheet quilt cover?]

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1. If the set is too deep, it means that your order itself is wrong. If you encounter a unilateral trend, it depends on whether the trend can come back. The unilateral trend is generally the order to the end. If you are still waiting for the price to come back, you will suffer a lot! The simplest way is to cover the depth and then cut. This is not a joke. Instead of waiting several months for the price to come back, you have to pay a lot of money every day, and you are worried about exploding positions. You might as well spare the money to find a reliable teacher, and you can earn it back with a few efforts.

2. If your list is not deep, for example, because there is no stop loss, just a few stop loss points, then you should choose the right time. There are few pure unilateral, and the probability of short-term shocks is higher. You can completely deal with it according to analysis, and even help you turn losses into profits. This is not difficult. This situation should be more common in the minds of investors.

3. Finally, if you have the above situation of deep cover, or you do not have deep cover, but you are repeatedly covered, this is your way of making orders. The market is fair, and your losses are never without reasons. It is impossible to make money without analysis. The simplest way is to learn to analyze the market by yourself!

This article is exclusively planned by Jin Shengfu, a gold analyst. Thank you for your love and support for this article, I hope you can learn something from my article! After all, the article is lagging behind. The friends who see it may not be able to do it, and they may not know how to deal with it later! Only the current price strategy can truly protect the ship, The same article content and fields that appear after this time period should be watched by investors! Investment itself carries risks, reminding everyone to recognize the authoritative platform. Strength teachers, capital safety first, operational risks second, and how to make profits last! No matter whether the views and strategies of the article are consistent with those of everyone, you can come to me to discuss and learn together! Nothing is difficult if you put your heart into it.

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Sina statement: This message is reproduced from Sina's cooperative media. The purpose of posting this article on Sina.com is to convey more information, and does not mean to agree with its views or confirm its description. The content of this article is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.
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