What happens after gold falls sharply? Market analysis next week

If you don't clench your fists, you don't know how strong you are; if you don't clench your teeth, you don't know how hard your persistence is; if you don't stomp your feet, you don't know how decisive you are Just how right; if you don't stare, you don't know how strong your heart is. The strongest competitiveness has only two words: action. Only if you work hard enough, you will be lucky enough. The world will not disappoint every effort and persistence.

Companion, you don't have to go to the end, the laughter that the other party brings to you on a certain section of the road is enough.

Affected by the unexpected rise in the New York state manufacturing index in April this week, the U.S. dollar index returned to above the 102 mark on Monday and has been fluctuating in a range since then. The Markit manufacturing PMI and service industry PMI in the United States released on Friday night both exceeded expectations , once again boosted the dollar in the short term. The U.S. index once pulled up more than 40 points and returned to above 102. So far, it has failed to hold this mark. If the U.S. index can stabilize at the current level, then this week the U.S. index is expected to end its seven-week losing streak.

Non-U.S. currencies also fluctuated in the range. The data on Friday night stimulated the dollar to strengthen, further suppressing non-U.S. currencies.

After the U.S. economic data frequently exceeded expectations and several Fed officials released hawks, U.S. bond yields generally rose this week. The yield traded around 3.51%, but after the release of the two PMI data, the 2-year and 10-year U.S. bond yields continued to rise, and this week may still close up.

Gold strengthened on Monday and once climbed to 2015, regaining some of the lost ground after Waller's hawkish speech last week, but the overall trend is still downward this week. Gold fell more than 10 in the short-term, and after the release of Friday's data, gold once plummeted by nearly 30 , and it has remained around 1980 as of the close.

This week's short notice is basically in line with expectations

But at present, the market feels that no one is bullish, and no one is free to short, so there will only be one situation, that is, to continue to rectify.

Judging from the current golden hour chart:

I think the current trend is very uncertain. Judging from the current range in the chart, the support position of the lower range has not been touched yet, and 1970 will definitely break here.

The key is whether he goes straight down, or goes up to test the top pressure point and then comes down?
This is what we need to consider now.

If you follow the previous trend, I think it is very likely to test the suppression point above 2000, and then come down to break the low point of 1970.

Therefore, next Monday is very critical. If we say that the Asia-Europe market directly goes up to test the mark near 2000, then we can directly rely on opening positions near 2000 and shorting, and look at breaking through 1970.

If it falls directly below 1970 next week, then we will wait for the bottom support 1960-55 to enter the market and do long.

At that time, I will give a signal according to the market trend, follow me, you will find that the transaction is very simple, if my article is helpful to you, remember to like it

Comment:

Next week is the key, let us look forward to it together

Comment:

You are welcome to express your opinion
You are welcome to express your opinion

Comment:

Wait for the market to open

Comment:

It seems that it wants to rise first and then fall

Comment:

The trend is not out yet, wait

Comment:

Shorting has been profitable again

Comment:

As long as it does not break through 2000, it is still a short strategy