Can the gold bull boom last
Updated
Today, Monday morning, gold opened 2388 line, the opening fell back a wave of 2387 ushered in a stop, then the bulls opened up the outbreak broke 2390-2400, the highest to 2403 ushered in a stop near 2394, then also fell a wave of 2394, so for this, you must also be surprised, Like this opening of the explosive situation, there is only one possibility, that is caused by smashing, but why gold in the early morning hit pull up it, this is mainly the stimulus of the news, then for the double break, the Middle East and then fire, this is a big, is also the main reason for the bull hit pull up, of course, the gold itself is in trouble this week, In this case, gold also suffers from a below-risk stimulus, and gold is also adding another element of surprise, which, for this week, you need to be careful about. Of course, for the double break period Chen Feng I updated my blog said, the beginning of the gold week to see the rebound, for this morning, to tell the truth, even if there is no geopolitical risk impact, we are also bullish on gold, this point, at present, just say that because these factors accelerated the rise of gold, this point, you also need to be cautious.
Then again, after the outbreak of gold bulls fell back, in this case, how should we choose to be long and short? First of all, you can review my double break blog for reference to understand, for this week, before Friday, I am inclined to believe that bulls have a further outbreak of higher, for no other reason, interest rate cuts in the way, unless there is a major limit to the data explosion, or the Federal Reserve internal position on it, otherwise the current market heat for interest rate cuts, In addition, gold 2353 ushered in a stage of bottling out, bulls are having a further outbreak of strength, and, although the market is expected to implement interest rate cuts in September, but you know, there are radical interest rate cuts inside the Federal Reserve, which does not rule out the possibility of sudden interest rate cuts in this week's interest rate minutes resolution, in this case, The market's pursuit of its bulls will also be around the gold long and short balance, in this regard, the bulls are currently under the influence of this multiple positive, but also have further climbing momentum, this, you also need to be cautious about it.
But to be honest, for the moment, although gold bulls have high momentum, but you don't forget, the market is variable, and because this morning's bull climb broke, which is relatively further inspired the market for bulls after, in this case, market institutions are undoubtedly also covetously, for today, gold in the rebound process, It does not rule out the possibility of institutional interception, you know, the current bullish heat of the market is high, which is not a little bit of a signal to do more, in this case, wash the long plate, and then on its empty reversal, long and short double kill, almost perfect, for this week, you also need to be cautious. Of course, this does not rule out the possibility that the institution will allow it to go higher, which, for the moment, you need to adapt to it.
So for today, Monday, early in the morning, gold has ushered in such a large news surface to stimulate volatility, although gold in the rise of 2403 ushered in a lower, but the lowest fell a wave of 2394 near to usher in a stop, for today, the operation, from the technical perspective, it is still feasible to do more, so for the moment, You can first stick to 2390 not break to do more, above attention 2410-2414 this position does not break the backhand, such as encounter 2390-2387, you are the trend to short wait for 2380-2370 not to break again to consider doing more. Of course, due to the market this week ushered in a heavy information surface stimulus, in this regard, you need to be cautious about the operation, then the specific details of the operation, I offer to do again, you remember to strictly follow my requirements to control positions and stop losses can follow up.
Then again, after the outbreak of gold bulls fell back, in this case, how should we choose to be long and short? First of all, you can review my double break blog for reference to understand, for this week, before Friday, I am inclined to believe that bulls have a further outbreak of higher, for no other reason, interest rate cuts in the way, unless there is a major limit to the data explosion, or the Federal Reserve internal position on it, otherwise the current market heat for interest rate cuts, In addition, gold 2353 ushered in a stage of bottling out, bulls are having a further outbreak of strength, and, although the market is expected to implement interest rate cuts in September, but you know, there are radical interest rate cuts inside the Federal Reserve, which does not rule out the possibility of sudden interest rate cuts in this week's interest rate minutes resolution, in this case, The market's pursuit of its bulls will also be around the gold long and short balance, in this regard, the bulls are currently under the influence of this multiple positive, but also have further climbing momentum, this, you also need to be cautious about it.
But to be honest, for the moment, although gold bulls have high momentum, but you don't forget, the market is variable, and because this morning's bull climb broke, which is relatively further inspired the market for bulls after, in this case, market institutions are undoubtedly also covetously, for today, gold in the rebound process, It does not rule out the possibility of institutional interception, you know, the current bullish heat of the market is high, which is not a little bit of a signal to do more, in this case, wash the long plate, and then on its empty reversal, long and short double kill, almost perfect, for this week, you also need to be cautious. Of course, this does not rule out the possibility that the institution will allow it to go higher, which, for the moment, you need to adapt to it.
So for today, Monday, early in the morning, gold has ushered in such a large news surface to stimulate volatility, although gold in the rise of 2403 ushered in a lower, but the lowest fell a wave of 2394 near to usher in a stop, for today, the operation, from the technical perspective, it is still feasible to do more, so for the moment, You can first stick to 2390 not break to do more, above attention 2410-2414 this position does not break the backhand, such as encounter 2390-2387, you are the trend to short wait for 2380-2370 not to break again to consider doing more. Of course, due to the market this week ushered in a heavy information surface stimulus, in this regard, you need to be cautious about the operation, then the specific details of the operation, I offer to do again, you remember to strictly follow my requirements to control positions and stop losses can follow up.
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