GOLD-Trading strategies and analysis

1 ביולי

The US Independence Day will make this week's economic data unusual. On Monday, the market will receive the ISM Manufacturing Purchasing Managers Index, followed by the Eurozone CPI preliminary value and JOLTS job vacancies data on Tuesday. On Wednesday, the market will focus on the ADP employment report, weekly unemployment data and the ISM Services Purchasing Managers Index, as well as the June FOMC meeting minutes. After the July 4 holiday, the June non-farm payrolls report will be ushered in. In addition, the geopolitical situation is still the most unstable factor in the future financial market, which needs to be closely monitored in real time!

Last week, the highest price of gold was 2340 and the lowest price was 2294, with a range of 46 US dollars. The overall trend is still upward, because the relative closing price is higher than the closing price of last week. There are more data this week, and the market uncertainty is increasing. There are key data to focus on every day. Therefore, in trading, we cannot only look at the technical performance, but also combine trading from intraday performance to data release. Of course, we should maintain the principle of stability and try to trade at key points, so that the probability of profit will be increased.

From a technical point of view, the weekly cross star closed, with no clear direction. The 2382/2380 below formed a strong support belt, and the 2368/2340 high points above were also under pressure. Therefore, for the time being, there will be no unilateral rise or fall in the market. The daily cycle is a standard oscillation range. For the time being, the Bollinger band is closed, and the upper and lower ranges are 2365-2285. The K line closed within the Bollinger band, and the moving average system failed to diverge, so there is no clear direction. If we have to say a direction this week, based on last week, it is still inclined to continue the strong trend. Therefore, gold may return to the 2365 high again this week.

Stimulated by the favorable data, it is possible to break through 2365. For today, since 2340 was not broken at the end of last Friday, the 4H cycle does not show the momentum of continuous rise. Among them, the upper rail is suppressed and cannot be broken, but the middle rail 2315 is also difficult to break. Therefore, although there is a risk of falling below 2315 in the 4H cycle, it is currently rising strongly. With 2315 not broken as a defense, continue to go long and look at the upside space

If it reaches 2345-2348 today, I think it can be sold, SL: 2353, target: 2338-2330

You can also choose to buy at 2315-2320, SL: 2309, target: 2328-2333, cautious traders can wait for 2300-2397 to buy again, SL: 2292, target: 2307-2315-2325

The above are my trading suggestions for your reference. However, the market changes very quickly. You need to learn to observe and control your positions reasonably according to your funds. This will increase the possibility of making a profit. Even if the transaction fails, you will not lose too much.

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1 ביולי

עסקה סגורה: היעד הושג

Target reached