金／米ドルショート
Analysis of gold price trend on Friday
アップデート済
Spot gold continued to fall in the Asian market on Friday and is currently trading around 2420. Although the Federal Reserve's September meeting is expected to provide support for gold prices, the rebound of the US dollar index from nearly four months has put pressure on gold prices. It has fallen for two consecutive trading days and continues to be far away from the historical high set on Wednesday. Investors need to be alert to the risk of gold's short-term shock peak.
Gold prices fell despite the market's continued expectations of a September rate cut by the Federal Reserve. Against the backdrop of positive expectations for rate cuts, gold prices hit a record high of $2,483 on Wednesday, but failed to hold on to gains as investors took profits. Coupled with the increased likelihood of former US President Donald Trump's election, funds have flowed to the US dollar.
Manufacturing activity in the mid-Atlantic region of the United States expanded more than expected in July, boosted by a surge in new orders. This provided support for the US dollar and suppressed gold prices. At the same time, the European Central Bank kept interest rates unchanged as expected, and its president Lagarde said that actions in September were "not yet determined." In terms of geopolitical situation, the market's expectation of a ceasefire agreement in the Middle East has increased, slightly suppressing the demand for gold!
There are relatively few economic data on this trading day, but there are still many Fed officials who will speak, and investors need to continue to pay attention. In addition, pay attention to news related to the US election.
[Technical side]
The 3-3-5 wave structure of the gold daily chart needs an adjustment and retracement. At present, the daily RSI indicator is under pressure at a high of 70 and turned downward. There was a sharp adjustment in the late morning, touching the MA5 daily average line of 2440. The short-term four-hour chart MA10 daily average line was at a high of 2468, and the moving average moved down to 2460. The RSI indicator simultaneously retreated to the middle axis of 50, and the hourly chart Bollinger band ran in the middle and lower tracks. Friday's trading still maintained the layout of high-altitude band ideas.
Asian trading strategy:
Short-term gold 2405-2408 long, stop loss 2397, target 2430-2440;
Short-term gold 2434-2436 short, stop loss 2445, target 2420-2410;
Note: The above strategy was updated on July 19. This strategy is an Asian strategy, please pay attention to the validity period of the strategy release, NY time strategy is waiting for update
Gold prices fell despite the market's continued expectations of a September rate cut by the Federal Reserve. Against the backdrop of positive expectations for rate cuts, gold prices hit a record high of $2,483 on Wednesday, but failed to hold on to gains as investors took profits. Coupled with the increased likelihood of former US President Donald Trump's election, funds have flowed to the US dollar.
Manufacturing activity in the mid-Atlantic region of the United States expanded more than expected in July, boosted by a surge in new orders. This provided support for the US dollar and suppressed gold prices. At the same time, the European Central Bank kept interest rates unchanged as expected, and its president Lagarde said that actions in September were "not yet determined." In terms of geopolitical situation, the market's expectation of a ceasefire agreement in the Middle East has increased, slightly suppressing the demand for gold!
There are relatively few economic data on this trading day, but there are still many Fed officials who will speak, and investors need to continue to pay attention. In addition, pay attention to news related to the US election.
[Technical side]
The 3-3-5 wave structure of the gold daily chart needs an adjustment and retracement. At present, the daily RSI indicator is under pressure at a high of 70 and turned downward. There was a sharp adjustment in the late morning, touching the MA5 daily average line of 2440. The short-term four-hour chart MA10 daily average line was at a high of 2468, and the moving average moved down to 2460. The RSI indicator simultaneously retreated to the middle axis of 50, and the hourly chart Bollinger band ran in the middle and lower tracks. Friday's trading still maintained the layout of high-altitude band ideas.
Asian trading strategy:
Short-term gold 2405-2408 long, stop loss 2397, target 2430-2440;
Short-term gold 2434-2436 short, stop loss 2445, target 2420-2410;
Note: The above strategy was updated on July 19. This strategy is an Asian strategy, please pay attention to the validity period of the strategy release, NY time strategy is waiting for update
トレード稼働中
Gold is about to reach the 2400~2410 support area, now is the time to scalp. トレード稼働中
トレード稼働中
Gold reached the important front-end intensive trading area of 2400. It was another profitable end to this week's trading. 
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