The current market continues to fluctuate, and it is necessary to find the key to breaking the game.
It is necessary to grasp the swing market.
The market has been volatile, fluctuating in the 1930-2024 range on Friday night last week, and has never been able to break through. The Brexit signal is clear, and the probability of the Fed raising interest rates within the year is also high. Although inflation has begun to decline, it is still at a high level. The job market is doing well, but the price of gold is not falling. There is also a growing risk of a U.S. government shutdown that could result in the layoffs of most non-essential workers and the cessation of workers' wages. This will have a negative impact on consumption and the economy.
Businesses such as surrounding shopping districts and coffee shops will also be affected. The shutdown could reduce weekly GDP growth by 0.2 percentage points. The reason for the shutdown was because of divisions within the House majority Republican Party, which could not agree on appropriations. Although the previous shutdown had little impact on the market, the Fed has suspended the salaries of millions of federal employees, which will have an impact on the economy.
The UAW auto workers went on strike for a week, unresolved, and could escalate into a nationwide strike this week. If the strike escalates into a nationwide strike, it would have repercussions for the auto industry and the economy as a whole.
The rise in the price of gold also makes sense, as it has been volatile for a day. While the shutdown may not have much impact on the market, the Fed has millions of federal employees on hold on paychecks, which will have an impact on the economy.
The current market trend is relatively stable. Last week's video and article predicted that the price of gold would stand above 1930 before the close, which turned out to be as high as 1928.85, but I did not stop loss. I forced the morning and got up at five o'clock this morning to watch the market, and the result was still shaking.
At present, the market is still in a sideways state. The morning article regained a little face. The Taurus forecast was very accurate, with pressure levels around 1920. I recommend buying on a pullback to 1920, with a target of two seven. It really went up just at the second seven. At present, the market is still mainly long, and the main goal is to grasp the band market.
There will be a lot of data released on Thursday, which may be the key to the current market break. At present, the market is relatively fragile, so it is necessary to pay attention to various fundamental information, because a small fundamental information may become the breaking point of the current gold market. Therefore, I still recommend going long and taking the band market as the main goal. The weather is getting colder, so keep warm, as if I already have a cold.
I'm not in good shape today, thank you for your attention. Today's advice is still to go long, do it today.
