==== What news has recently affected the trend of gold? How to judge the long and short of gold next week? ====
Analysis of gold news: On Friday (June 30), the price of spot gold closed up, and once rose above the $ 1,920 mark during the session. Gold was boosted as weaker U.S. personal consumption spending pushed U.S. Treasury yields lower, which led to a weaker dollar. In addition, the short-term trend of gold will depend on the bet on the Fed's next interest rate decision. At the end of the U.S. market, spot gold closed at $1,919.65 per ounce, up $11.64 or 0.61%. USD/oz. As attention turns to labor market data, investors are trying to decipher the Fed's next move after Powell said the Federal Open Market Committee (FOMC) expects further rate hikes fueled by a hot labor market.
Nonfarm payrolls , due next Friday, are expected to fall to 200,000 in June. Additionally, average hourly earnings are expected to hold steady at 4.3% year-over-year, with the unemployment rate at 3.7%. For now, markets expect the Fed to raise rates by 25 basis points at its next meeting in July, but are divided on the timing of a second rate hike signaled by Powell. So hawkish bets on the Fed will put further selling pressure. Given that the U.S. will be closed for the independence holiday next Monday and Tuesday, the potential lack of liquidity will increase intraday volatility. Overall, gold was boosted as weak U.S. personal consumption spending pushed U.S. Treasury yields lower, leading to a weaker dollar. In addition, gold's short-term trajectory will depend on bets on the Federal Reserve's next interest rate decision, which will be heavily influenced by key labor market data due next week.
==== Gold market trend analysis and operation suggestions ====
Technical analysis of gold: From the daily chart of gold, yesterday bottomed out and closed up, showing a certain bullish signal. However, the top of the main chart still faces short-term moving averages and other resistance suppression, and there is no breakthrough in the market. Currently, the gold hourly chart In a state of strong volatility, the key to whether there is a rebound in the short term depends on whether the U.S. index can retreat and adjust. If the U.S. index is under pressure and recovers, then the rebound of gold will also expand accordingly. Pay attention to the test near the 10-day line and the trend line pressure around 1930. From the 4-hour point of view, it has been hovering around the MA5/10 daily moving average, and the pressure to rebound and attack is slightly greater, and it is more of a shock correction. The four-hour bottom turns positive and goes up, and the short-term pressure is expected to fall back. There is still room for upside. From a small cycle point of view, there is not much room for the upside. Extending forward, the KDJ stochastic indicator has three lines upward, and the trend is in a state of strong shocks. At the top, you can first pay attention to the 1925 stress test. If you break through, you can look at the 10-day line and the trend line pressure test near 1930. Below, continue to pay attention to the 1910 first-line support. Generally speaking When the deviation of the indicators has not been corrected in place, short-term weak shocks need to be bullish on dips. On the whole, next week, the top of gold will focus on the first-line resistance of 1930-1933 in the short term, and the short-term bottom will focus on the first-line support of 1910-1904.
==== Gold short-term operation advice ====
Empty order strategy:
Gold rebound: 2/10 short position (buy short) around 1925-1928, stop loss 8 points, target around 1920-1910, break position to see 1905 line (suggestion is for reference only, investment is risky, and you need to be cautious when entering the market!)
Multi-single strategy:
Gold pulls back around 1905-1908 to go long (buy up) two-tenths of the position, stop loss 8 points, target around 1915-1920, break the position and look at the 1925 line (recommendation is for reference only, investment is risky, and you need to be cautious when entering the market!
====Peng Guangzhe—Speak the truth to friends who invest====
When you read this article by Peng Guangzhe, it proves that your operation is not ideal, but you are not reconciled. I am not reconciled to having all my funds taken away by the market in this market. But where is the problem, friends, please rationally analyze why you are always slower than others. Guangzhe has always emphasized that to reasonably control positions, the main focus is to control risks. If you want to make an investment overnight, you will have a hundred nights to regret it. What we learn is knowledge, and what we accumulate is wealth! There are no 100% orders in this market, and there will always be mistakes. What the market lacks is not a teacher or a strategy, but a qualified risk controller. If you are always the same on the road of investment, then you are a real failure!
This article is exclusively planned by a gold analyst. I would like to thank the readers for their love and support for Guangzhe's article. I hope everyone can gain and understand from Guangzhe's article! Regardless of whether the opinions and strategies of the article are consistent with everyone's opinions, everyone can find the author to discuss and learn with me!