02/12/2021
12.2 Gold analysis
News analysis: Powell and the Federal Reserve have stated that they will reduce debt purchases at a faster rate. This provides the Federal Reserve with a flexible choice when it must raise interest rates, and even stated that it should be possible to raise interest rates several times in 2022 if necessary. The price of gold also started to fall after rising, but it can be seen from the disk that the decline was small, and it was completely just to cope with the symbolic decline. The main reason for the resistance to the fall is still due to the current new mutant strains playing a role in a hedge and strong support for the price of gold. At least there won't be another big drop before tomorrow is non-agricultural.
Technical analysis: the daily line structure from 1680 to 1720 to the current 1765 line is on the trend support line, so the current rapid bottoming is likely to be a quick profit closing method for bears, then There will definitely be a new round of rebound at the 1770 point. It is no problem to test the 1778-80 line again, so the layout chooses the idea of long first and then short to enter the market. In terms of trading ideas, it is recommended that you can directly enter the market with more than 1770 orders at the current price, stop loss at 1763, and target 1785-1790-line. The upper part has rushed up twice and led to the 1795 area. When it reaches this position, it is considered empty. Remember to not chase after the low position for the time being. Today, see the shock, overestimate the low slag, and see the new trend of non-agricultural guidance tomorrow!
12.2 Gold trading strategy: It is recommended that the current price of gold is more than 1770 to enter the market, stop loss is 1763, and the target is 1785-1790.
