Predicting that gold will fall below 1,900 again this week
Zaktualizowano
In the last week of gold 1980 I publicly gave a prediction that gold would rise to 1950-1970 in two weeks and they have done it. Next, we continue to predict that gold will fall below 1900 again this week, and let's witness it
On Friday (September 1), spot gold closed at $1,939.80 per ounce, ending the week up $24.97 or 1.30%. Gold hit its highest level in a month above $1,950 this week, rising more than 1 per cent for the second week in a row. Gold benefited from a pullback in US Treasury yields after disappointing US employment data. In the absence of top data releases, technical positioning and moves in global bond yields are likely to drive gold next week.
Next week's focus: U.S. markets will be closed Monday for the Labor Day holiday. On Wednesday, the ISM will release its services PMI report. The headline PMI is expected to fall to 52.3 in August from 52.7 in July. Unless it falls below 50 and shows an unexpected contraction in services activity, it is unlikely to affect the Fed's bets. However, investors may react to the inflation component, the price paid index. A significant increase in this indicator would highlight an acceleration in input inflation in the sector, which could boost the dollar. In the second half of the week, market participants will be closely watching China's trade balance data. Since China is the world's largest consumer of gold, a further deterioration in Chinese exports could weigh on gold prices. In addition, Chinese consumer price index (CPI) data, due to be released next Saturday, could trigger a reaction in gold when the market opens on September 11. On an annual basis, the CPI fell 0.3 per cent in July. If this data points to continued deflation in August as well, investors may take it as a sign of weakening consumer activity and steer away from gold on the prospect of a worsening demand outlook.
The Reserve Bank of Australia and the Bank of Canada will announce interest rate decisions next week. While these events are unlikely to have an immediate or direct impact on gold, changes in global bond yields could affect prices. If both central banks keep policy rates steady and express concerns about the economic outlook, a general pullback in global yields could help gold stay on a solid footing. At the current level, if the 10-year US Treasury yield falls below 4% and starts to use it as resistance, gold could extend its uptrend.
Technical analysis of gold: From a technical point of view, after the non-farm surge on Friday, there is a small cross star on the daily chart, which may indicate signs of a correction. It is important to note that after this week's rise, the price and form of gold have come to the daily Bollinger band suppression point, which may mean that there may be room for a correction in the near future. Gold evening non-agricultural data slightly weak, and did not produce a significant breakthrough, in the situation of unemployment favorable gold, the highest touched near 53, but the continuity is not strong, an hour failed to stabilize and closed the line is negative, then this rise will be regarded as a virtual break, followed by a pullback of power, The previous high above the forest rail pressure 55 line near the line will also be likely to be the key pressure port in the short term, the bulls with non-agricultural data and other data released failed to break through, then it is likely to form a reverse transition in the later period, and the support below is also the 55 moving average 1930, as well as the long-short conversion position pressure near 1925. Next week in the short term will be likely to maintain in this range to produce shocks, then between the early draw, we are determined that the short still have the power, can not break through at the same time, it is likely to only form a puncture of the false breakthrough, then it is likely to form a reversal in the later period, and gold non-agricultural breakthrough failed, we continue to short wait;
Gold 1 hour 4 hours have begun to close the high negative line, since the market has reversed, high fall, after the data stable or not rise, indicating that the gold rise has come to an end, gold now rebound has encountered obstacles around the pressure position of the forest rail, there is the possibility of band adjustment! The high probability is the beginning of the short fall again, then the short term back to see 48-50 near the direct short, loss 1956, the first stage to support the 55 moving average near 1930, the golden hour line appeared bearish engulfed, the Yin line entity directly covered the rebound of the Yang line, but also the breakdown of the 1937 line, the k line rebound has always been weak, always below the 50 average. Once again, the full fire suppression, k line short-term peak, especially the four-hour line directly low jump open, closed two cross stars continuously, this is the top signal, but also not strong enough, next week to continue high altitude, in general, next Monday gold short-term operation ideas on Jin Hao suggested a rebound to short, back to do more as a supplementary, short-term focus on the above 1948-1953 line of resistance, Below the short-term focus on 1923-1925 line support, friends must keep up with the rhythm. To control the position and stop loss problem, strictly set the stop loss, do not resist single operation. The recent market turbulence is large, opportunities and risks coexist, and risks are controlled.
On Friday (September 1), spot gold closed at $1,939.80 per ounce, ending the week up $24.97 or 1.30%. Gold hit its highest level in a month above $1,950 this week, rising more than 1 per cent for the second week in a row. Gold benefited from a pullback in US Treasury yields after disappointing US employment data. In the absence of top data releases, technical positioning and moves in global bond yields are likely to drive gold next week.
Next week's focus: U.S. markets will be closed Monday for the Labor Day holiday. On Wednesday, the ISM will release its services PMI report. The headline PMI is expected to fall to 52.3 in August from 52.7 in July. Unless it falls below 50 and shows an unexpected contraction in services activity, it is unlikely to affect the Fed's bets. However, investors may react to the inflation component, the price paid index. A significant increase in this indicator would highlight an acceleration in input inflation in the sector, which could boost the dollar. In the second half of the week, market participants will be closely watching China's trade balance data. Since China is the world's largest consumer of gold, a further deterioration in Chinese exports could weigh on gold prices. In addition, Chinese consumer price index (CPI) data, due to be released next Saturday, could trigger a reaction in gold when the market opens on September 11. On an annual basis, the CPI fell 0.3 per cent in July. If this data points to continued deflation in August as well, investors may take it as a sign of weakening consumer activity and steer away from gold on the prospect of a worsening demand outlook.
The Reserve Bank of Australia and the Bank of Canada will announce interest rate decisions next week. While these events are unlikely to have an immediate or direct impact on gold, changes in global bond yields could affect prices. If both central banks keep policy rates steady and express concerns about the economic outlook, a general pullback in global yields could help gold stay on a solid footing. At the current level, if the 10-year US Treasury yield falls below 4% and starts to use it as resistance, gold could extend its uptrend.
Technical analysis of gold: From a technical point of view, after the non-farm surge on Friday, there is a small cross star on the daily chart, which may indicate signs of a correction. It is important to note that after this week's rise, the price and form of gold have come to the daily Bollinger band suppression point, which may mean that there may be room for a correction in the near future. Gold evening non-agricultural data slightly weak, and did not produce a significant breakthrough, in the situation of unemployment favorable gold, the highest touched near 53, but the continuity is not strong, an hour failed to stabilize and closed the line is negative, then this rise will be regarded as a virtual break, followed by a pullback of power, The previous high above the forest rail pressure 55 line near the line will also be likely to be the key pressure port in the short term, the bulls with non-agricultural data and other data released failed to break through, then it is likely to form a reverse transition in the later period, and the support below is also the 55 moving average 1930, as well as the long-short conversion position pressure near 1925. Next week in the short term will be likely to maintain in this range to produce shocks, then between the early draw, we are determined that the short still have the power, can not break through at the same time, it is likely to only form a puncture of the false breakthrough, then it is likely to form a reversal in the later period, and gold non-agricultural breakthrough failed, we continue to short wait;
Gold 1 hour 4 hours have begun to close the high negative line, since the market has reversed, high fall, after the data stable or not rise, indicating that the gold rise has come to an end, gold now rebound has encountered obstacles around the pressure position of the forest rail, there is the possibility of band adjustment! The high probability is the beginning of the short fall again, then the short term back to see 48-50 near the direct short, loss 1956, the first stage to support the 55 moving average near 1930, the golden hour line appeared bearish engulfed, the Yin line entity directly covered the rebound of the Yang line, but also the breakdown of the 1937 line, the k line rebound has always been weak, always below the 50 average. Once again, the full fire suppression, k line short-term peak, especially the four-hour line directly low jump open, closed two cross stars continuously, this is the top signal, but also not strong enough, next week to continue high altitude, in general, next Monday gold short-term operation ideas on Jin Hao suggested a rebound to short, back to do more as a supplementary, short-term focus on the above 1948-1953 line of resistance, Below the short-term focus on 1923-1925 line support, friends must keep up with the rhythm. To control the position and stop loss problem, strictly set the stop loss, do not resist single operation. The recent market turbulence is large, opportunities and risks coexist, and risks are controlled.
Zlecenie aktywne
The first phase of the rally has been completed, 1880-1953. Then gold will enter a short-term correction, let's see if our forecast can be accurate againZlecenie aktywne
Gold is not expected to move much today and is expected to stay within $10. We can choose to sell gold in 1946-1947, with a target of around $10 and a stop loss in 1953Zlecenie aktywne
Today we suggest to sell gold in 1946, which is almost the highest position today, the current price of 1940 has a very good profit, you can choose to end the trade, or you can choose to continue to hold, today's fluctuation will not exceed 10 dollars, I told you, you decideZlecenie aktywne
We suggest today to sell gold in 1946 and explain that today's volatility is expected to be only $10, gold is currently down to 1937 near the day's volatility limit, so it is prudent to close the sell order here. Because today is Labor Day in the United States, the market will be closed early, we will not do more trading, if there are friends who want to trade very much can buy gold in 1937 to stop the loss of 1932 but please be careful not to be greedy, do not use a larger size, good luckZlecenie aktywne
We suggest today to sell gold in 1946 and explain that today's volatility is expected to be only $10, gold is currently down to 1937 near the day's volatility limit, so it is prudent to close the sell order here. Because today is Labor Day in the United States, the market will be closed early, we will not do more trading, if there are friends who want to trade very much can buy gold in 1937 to stop the loss of 1932 but please be careful not to be greedy, do not use a larger size, good luckZlecenie aktywne
The market will open soon.Zlecenie aktywne
GOLD1938-1940sell tp1928-1925 SL1946Zlecenie aktywne
Orders sold in 1938 can be sold at a profit, the current price of 1932, the rest continue to hold waiting for the target.Zlecenie aktywne
When most of the world sold gold in 1880, I told you that gold was going to cause a major rally, and the target of the rally was 1980, not 1980 but as high as 1953. In 1953, most of the world was buying gold, and I told everyone that gold was going to have another deep correction, and we made a good profit by selling in succession. I still have a high trading win rate, and if you want to follow me and make more trades you can follow meZlecenie aktywne
TP1928 DoneZlecenie aktywne
1933 Continued to sell tp1920-1915 SL1938Zlecenie aktywne
1925 DoneZlecenie aktywne
Good jobZlecenie aktywne
Be patient and wait for today's opportunityZlecenie aktywne
GOLD1927-1930 sell tp1918-1915 SL 1935Zlecenie aktywne
Those who sold gold orders in 1927 can take profits at the current price of 1921 and continue to hold the rest to see the target. Congratulations to everyone, we continue to win.Zlecenie aktywne
We sold gold today three times in a row in 1928 for a huge gain.Zlecenie aktywne
1915DoneZlecenie aktywne
It's been a perfect week. We've been winning. No mistakesZlecenie aktywne
Gold latest market trend analysis:Gold news analysis: On Wednesday (September 6), the US dollar index continued its upward momentum and is currently trading near 104.85. Gold is trading around $1,916 an ounce. Overnight, Fed officials "let the eagle" again, Waller warned the market not to rush to predict that the Fed has finished raising interest rates. According to CME "Fed Watch" : The probability of the Federal Reserve maintaining interest rates in September at 5.25%-5.50% unchanged is 93.0%, while betting that the probability of resuming interest rate hikes in November has declined, and the time of a complete interest rate cut has been advanced from July to June next year.
On Wednesday, Fed Governor Rob Waller said policymakers have room to afford to "proceed cautiously" in raising interest rates given recent data showing inflation continues to slow. Mr. Waller's comments sent gold prices back down after surging. Recent data have shown mixed messages about the U.S. labor market, with job growth accelerating in August but the unemployment rate inching up to 3.8 percent and wage gains limited. These nuances leave traders all but certain that the Fed will pause, leaving them to debate the timing and extent of future adjustments. However, Fed Governor Robert Waller said Tuesday that the latest round of economic data gives the Fed room to carefully consider whether it needs to raise interest rates again, while noting that he currently sees nothing that will force the Fed to raise short-term borrowing costs again. Financial markets think the Fed's rate hikes are over. But Waller cautioned against making such assumptions, noting that the Fed has been misled before by data that appeared to show improvements on the inflation front but stronger price pressures than expected. Mr Waller's comments suggest that despite some easing in the Labour force and economic data pointing to a "soft landing", expectations of a big rate cut have waned. If the Fed delays cutting interest rates, gold's appeal as a zero-coupon asset could diminish. The future trend of gold will remain Mired in uncertainty about the prospect of interest rate hikes.
Gold technical analysis: Gold bardo line closed lower yesterday, breaking the daily line for three consecutive trading days of the cross K line finishing. Did not form a relay further rebound, but the conversion to fall back, the strong rise of the US dollar, the price of gold fell back, the short-term choice of direction in finishing, the gold day k line has been 4 Yin, the price has recently fallen to 1915, the market is gradually close to the daily mid-line support, the rate of decline is slowing down, but still slowly falling, This is in line with the trend, everything is in order, the breakdown of 1915 to open the downward channel, out of the recent consolidation range. According to the indicators in the attached figure, the MACD index gold fork turns downward, but it is still long volume, the indicator forms a divergence, the trend is short, and KDJ forms a dead fork volume, and the trend is weak. The strong rebound of the US dollar gives gold prices enough momentum to fall, Sheng Fu suggested that the future market continue to be bearish is still high.
According to the 4-hour chart, the short-term decline of gold has slowed down slightly but the overall pressure is still under, and the gold price has effectively broken the support of the mid-track trend line of the previous declining flag, which means that the rebound trend since 1885 has ended. Although the KD and MACD indicators have a slight rebound trend from oversold levels, the MA average trend is weak, showing a bearish trend, and the cloud chart downward cloud also continues to maintain an open state, the trend is extremely weak, which indicates that the short-term decline in gold prices is still not over. In summary, today's gold short-term operation ideas suggest that the rebound is mainly short, the callback is supplemented by more, the short-term focus on the above 1928-1933 resistance, and the short-term focus on the below 1905-1900 support.
Transakcja zamknięta: osiągnięto wyznaczony cel
gold1916buy tp1922-1925 SL1910Zlecenie aktywne
You can close the order bought in 1916 in 1920 and then sell the gold target 1916 SL1923 in 1920. Until the data is released, gold will move in this range without much volatility, trading back and forth.Zlecenie aktywne
At present, gold has fallen again, the current price is 1917, you can decide whether to close the trading, today's free experience signal has ended, need more signals please follow meZlecenie aktywne
We give today 1923-1916 is almost the highest and lowest today, trading back and forth you can make huge gains, they go at least ten back and forth there is no reason not to make moneyZlecenie aktywne
Today is Friday, every Friday here I will choose to rest, I will concentrate on serving my loyal users, please be careful to trade, I wish you good luck, our gold crude oil trading signal this week, 100% correct, congratulations to follow my signal friendsZlecenie aktywne
We are today advising to buy gold at the 1916 position and the 1928 target has been reached.Zlecenie aktywne
We continue to have a 100% win rate and have not made a mistake for a month in a row. Hopefully we can continue to win this week and hopefully my opinions will help you more and make more moneyZlecenie aktywne
1930sell tp1918-1915 SL1935Zlecenie aktywne
1930 sold orders have been profitable, the current price of 1925, can be reduced, congratulations to everyoneZlecenie aktywne
1930 sold orders have been profitable, the current price of 1925, can be reduced, congratulations to everyoneZlecenie aktywne
Once again to the 1930 position, the current decline to 1924 is very profitableZlecenie aktywne
Today is another perfect day, our public notice to buy gold in 1916 to close trading in 1930, followed by a notice to sell gold in 1930, touched 1930 2 times in a row today, the current price 1922 has made a huge gain, we continue to hold the signal 100% correct for 2 consecutive monthsTransakcja zamknięta: osiągnięto wyznaczony cel
1920buy tp1928-1930 sl1914Zlecenie aktywne
Gold 4-hour chart rebounded yesterday 1930 line still pressure fell back to 1920 close, close near the middle rail, the current Brinroad began to close, from the upper rail pressure fell to the middle rail. The 4-hour period chart is temporarily passivated and is structurally neutral in the shock selection. The hour chart fell into the interval sawing, the cell between the upper rail in 1930, the lower rail in 1915, waiting for the interval to break. There are some signs of temporary stop in the small cycle, 1915 is the first support level in the short term. If this level is broken, it could lead to further declines, possibly testing the 1900 mark. In summary, today's gold short-term operation ideas suggest that the rebound is mainly short, the callback is supplemented by more, the short-term focus on the above 1928-1933 resistance, and the short-term focus on the below 1910-1905 support.Zlecenie aktywne
1913-1915 sell tp1900-1895 sl1920Zlecenie aktywne
Today's volatility was small, but we almost made profits from selling at the highest point and closing orders at the lowest pointZlecenie aktywne
We publicly stated yesterday that 1900's support was valid. We should buy it here. Finally, the order we purchased in 1903 succeeded in meeting our 1919 target. Congratulations, everybody. Our trading strategy is perfect
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