Gold trading strategy analysis for next weekFundamental analysis
1: Gold prices fell on Friday, weighed down by a stronger dollar and higher bond yields, but weak job growth data in the world's largest economy prompted analysts to increase bets on a Fed rate cut, limiting some of the losses.
Conclusion: I personally think there is a 100% chance that the Fed will cut interest rates by 25 basis points next week
2: The upcoming US election this week is also seen as one of the key factors affecting gold's trend
Conclusion: I personally think that next week's interest rate meeting is scheduled just after the US election, so the gold market may use the results of the US election to reach new highs.
3: The market has different views on the future trend of gold prices, but in the long run, gold's position as a safe-haven asset and reserve currency remains solid. Especially in the current context of increasing global economic uncertainty and intensified geopolitical risks, the attractiveness of the gold market will be further enhanced.
Conclusion: There may be short-term fluctuations this week, but the long-term outlook remains optimistic
Technical analysis
In the context of macroeconomics, we still need to undergo rational technical analysis and accurately categorize and sort out the gold trend chart. Combined with the market's volume and price sentiment, we can draw the following conclusions:
1: The short-term trend of gold has developed to the end of the graph, and it is bound to have a big market next week.
2: The current key price consolidation range is: 2730-2735. From this, we can judge the next direction, bull market? Bear market? Or oscillating trend?
3: The current high probability price oscillation range is: 2712-2760
4: Long strategy: 2730 is used as an important trend support point reference
5: Short strategy: Continue our analysis last week and use 2760 as an important pressure point.
6: The important signal of the bull market breakthrough is the breakthrough of 2760. If it can be broken, it is likely to continue to rise
7: The important signal of the bear market breakthrough is the breakthrough of 2710. If it can be broken, it is likely to continue to fall
Next, I will continue to organize and share the corresponding trading signals for you, and investors should also grasp the rhythm. Thank you for your attention.
