You let me touch it now, and I feel like I can't hold it and I'm going to fall to the ground.
Many people's perspective is still focused on whether to read the bottom, but this problem is actually not the turn of international market participants to try, because you are carrying 100 times the leverage, I advise you to consider the consequences when you have this mind, in addition to just needing physical gold can not be deliberately waiting for the lowest price, you must learn to understand what is called the word.
Whether the U.S. economy is stagflated or in recession, do you think either of these two words will make gold rise? But the question is that the financial environment does not have an accurate answer, where do you think the market with the most funds in the market is?
Gold is all behind, okay? The stock market is definitely the number one trade, followed by the forex and bond markets.
To deal with the unknown risk of the market, in addition to the geopolitical situation, the first large-scale flow is of course the bond market and the stock market, participants need to assess whether they need to sell, and match the funds to other assets, the obvious product is the US dollar, gold at this time will not have the conditions to buy, it is very simple, too expensive no interest.
It is only an expected risk aversion, which is of course the most real US dollar, unless the US economy begins to actually pull across, so that the market thinks that the attractiveness of holding value is reduced, combined with the demand of monetary policy, it may flow back into gold assets.
So before that, gold will be subjected to a large number of continuous sell-offs to flow into the dollar market, and after a full round of decline, then assess the attractiveness of buying at a low price, now there is none.
The dollar hourly line this wave pulled up, frequent small K arrangement upwards is already a unilateral rise, 108 is not an end, but will enter an acceleration period.
The hot topic today is that the euro has fallen into parity, which must be something that has become a fact, you have to ask the question, is the dollar technical now? Could it be that this rise is due to the bright US non-farm payrolls report? No, but rather recession fears, that is, worrying about positions = risk aversion.
So why didn't gold highlight its safe-haven properties at this time?
The dollar is interested, including the recent inflation has not seen a substantial decline, which means that the Fed may increase interest rates by 75bp again in July, and interest rate hikes are a front-end risk, how can the dollar brake at this time? In the context of interest rate hikes, it is even more difficult for gold to be unattractive, and now there is no situation of interest rate hikes in the first half of the year, and the economy has entered a new window period.
Therefore, the dollar, the follow-up will only refresh your cognition indefinitely, just like you see the yen falling, don't dream of a big fall anymore.
Later on, gold, now a lot of people are very concerned about where its next area is.
But I don't care because it has already started a deep decline mode, so why give an estimate range every day? What do you mean? Do you think it can stop, but you can't convince yourself, there is no argument, you don't dare to say that it will definitely bottom, just hang up the sheep's head to sell dog meat, talk about the downward trend, and hint in your heart that it may bottom? It is a pity that most retail investors are very good at this analysis, since I can't change, and I am not persuaded here, the market does have some rated space shocks at each stop, yes, you will feel that there are certain trading opportunities at high and low points, just like the current 1735 and 28, but I don't know what the significance of these dollars trading is, but also from time to time to take risks to take a disk to see the pullback, you are bullish and bearish!
Wash, suddenly up $20, this kind of action and performance in my early 1820 time I have seen many times, why should I have a great psychological feeling? Some people may think that I am unreasonable and emotional, but I want to be emotional, and someone can listen to reason and rational analysis? I myself have such an attitude towards gold now, and I am very comfortable doing it, why can't I be emotional?
Let me leave it open, as shown in the figure, do you think that this time the bottom will fall like the last time?
A. Will B. No.
I choose A, as for the position, I don't think it is difficult to find, all fluctuate around 35 for a day and what to pick, first participate, and then add weight to what they pay attention to grasp.