8.29 Gold analysis operation ideas
In early Asian trading on Thursday (August 29), spot gold fluctuated in a narrow range and is currently trading around 2520. Gold prices fell 0.8% on Wednesday to close at 2504. Affected by the strengthening of the US dollar, investors are paying attention to key inflation data from the world's largest economy to find clues about the scale of the Fed's possible interest rate cut in September. Changes in the number of initial jobless claims in the United States and revisions to the US second-quarter GDP will be released this trading day, and investors also need to pay attention.
Gold rose sharply on Tuesday as a safe-haven. Yesterday, many people were bullish and thought that gold would rise sharply, but gold did not break through a new high, but instead fell back after a high. We directly participated in the short order at 2523 in the early trading, without any hesitation, and took a profit of 30 points yesterday, easily. Gold is still what we have always said. Yesterday's trend and rhythm are basically the same as what we encountered before. They were all sideways in the late trading and pulled up in the morning, and then began to fall back and broke the key support. Yesterday's market was also the same as we predicted. It rose in the morning and then fell back, breaking the key support of 2500 in the afternoon. This market is no different from picking up money, and I don’t know how many friends can keep up.
Although gold has once again reached 2520, today’s idea is still to short. The upper 2520-25 area is still under great pressure, and shorting can be boldly achieved in the short term. Long orders are not involved for the time being. The current position is too high, and there is not much profit space for participating in long orders.
Detailed intraday operation strategy:
Short gold rebounds near 2520, defend 2527, target 2500-2480
Gold rose sharply on Tuesday as a safe-haven. Yesterday, many people were bullish and thought that gold would rise sharply, but gold did not break through a new high, but instead fell back after a high. We directly participated in the short order at 2523 in the early trading, without any hesitation, and took a profit of 30 points yesterday, easily. Gold is still what we have always said. Yesterday's trend and rhythm are basically the same as what we encountered before. They were all sideways in the late trading and pulled up in the morning, and then began to fall back and broke the key support. Yesterday's market was also the same as we predicted. It rose in the morning and then fell back, breaking the key support of 2500 in the afternoon. This market is no different from picking up money, and I don’t know how many friends can keep up.
Although gold has once again reached 2520, today’s idea is still to short. The upper 2520-25 area is still under great pressure, and shorting can be boldly achieved in the short term. Long orders are not involved for the time being. The current position is too high, and there is not much profit space for participating in long orders.
Detailed intraday operation strategy:
Short gold rebounds near 2520, defend 2527, target 2500-2480
Nota
The market has been very volatile recently, with opportunities and risks coexisting. Control the risks first, then make a profit. If you are currently losing money, or your account is locked, or you are a novice trader, you can contact me. No matter what problems you encounter, no matter how much money you have, you can get my help for free! The road to profit is not crowded because not many people persist. Success requires continuous learning, but not many people can learn. The road to profit requires preparation, but not many people are ready. No one will pay for your pain. Profit is your own business.Nota
The current trend of gold is directly proportional to my thoughts. Let us look forward to the subsequent trend together.Nota
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Nota
Facts speak louder than words. In yesterday's transaction, we insisted on short selling. In the end, the gold price gave us the desired profit, a profit of 60K.
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