Analysis of gold operation strategy next week
Recently, the U.S. dollar index has continued to strengthen, rising for several consecutive weeks, putting pressure on gold prices. If the US dollar index continues to remain strong, gold prices may be further suppressed. However, we also need to pay attention to the fluctuations of the U.S. dollar index. Once it pulls back, gold prices are expected to get a chance to rebound. Although the US dollar and US bond yields pose downward pressure, the continued escalation of geopolitical tensions provides safe-haven support for gold. Conflicts in the Middle East and turmoil in the Russian-Ukrainian situation may trigger risk aversion in the market, thereby pushing up gold prices. In addition, the state of the US economy will also have an impact on gold prices. Recently, the U.S. economy has shown strong resilience, but there is still uncertainty about its future direction. The international gold trend next week may show a volatile trend, which is jointly affected by the U.S. dollar index, geopolitical situation and U.S. economic conditions. Investors need to pay close attention to the changes in these factors in order to grasp the trend of gold prices. At the same time, it is also necessary to pay attention to risk management and avoid blindly following the trend.
Gold technical analysis: Next week will usher in the final battle between the annual and monthly lines. From the perspective of the annual line, the overall bull market is still there, the general trend is still bullish, and there is no trend reversal, just a temporary pause. In terms of the monthly line, the overall structure is bullish, but the monthly K line is currently in a continuous negative pattern, which is beneficial to the bears. In addition, the short-term 5-day moving average of the monthly line shows signs of turning. Although the bulls are dominant, we must also pay attention to the downward retracement strength. In terms of the weekly line, the weekly line received a small cross positive. If we only look at the rebound strength, the upward momentum is obviously insufficient. In addition, the overall technical pattern shows that the bears have the conditions to break the support and extend.
The gold hourly line is still oscillating within a large range. If gold rebounds first at the opening of next Monday, and if it continues to be under pressure at 2640, then gold will continue to sell short on rallies under pressure at 2640. Gold bulls have not shown full strength, and they have risen many times. After falling back, gold is not very confident in its upward breakthrough. It keeps making false breakthroughs, and then lures the bulls to fall again.
Judging from the 4-hour analysis, the lower support focuses on the 2600 integer mark, and the upper short-term pressure focuses on the vicinity of 2640. The overall tone of high short-selling participation remains unchanged based on this range, and the middle position is cautious to pursue orders, and patiently waits for the key point to enter the market.
Gold operation strategy:
1. Gold rebounds and sells short at the 2637-2640 line, stop loss at 2649, target the 2610 line, and look at the 2598-2600 line if the position is broken;
