The Fed is playing something new, preparing to arrest gold
2008 will be the next major support level for gold, and I think as long as it can fall here, the market will be 99% People will do a long single into, as far as the volatility opportunity is concerned, it should not be a problem to catch a so-called rebound, in fact, this morning this problem is obvious, we all know that the lowest price on Friday fell to 2015, that must be to wait for the opening of the market to continue to fall after the long entry ah, this is a conventional trading cognition, but if you choose to chase the short directly to 2008 and then do the backhand is unreasonable, no matter how you have to wait for the rebound to do it! This is a typical long and short trading thinking, I am right, right?
That's nothing more than where is the bearish high price, anyway, gold has been fluctuating since the morning, with an amplitude of about 5 US dollars, it's fun, of course, this 2024 can't be used as a bearish point, at least until 2032, and then speaking, here can be used as the first attempt of bearishness, if it rises again, you can choose to add 42 positions.
You may be curious, why do you have to short gold directly at the beginning? can only say that you have not found the current situation of gold, pay attention to the triangle in the chart, last week is not sure whether it can form a high point in 2048 know? And gold is running at a high level all day, there is a risk of breaking through at any time, but there is no way, you just have to see gold stop rising first, otherwise how to short later? Now that it has achieved this, it has also fallen by $30, and the expansion of the Fibonacci series has successfully met the resistance, should I be bullish at this time?
Maybe compared to the rise of the interest rate decision, this wave of decline is indeed like a pullback, but you want to compare it with the fall of 2144? Can I say that the rise of the interest rate decision is only a cover? The market is still very early, don't see the interest rate cut and go brainless bullish, every time I encounter this situation, I feel sad, because retail investors never have a long memory.
Friday night's data was indeed as bad as expected at the time, but that only showed that the U.S. manufacturing industry is still garbage, but the service industry data is still very bright, you still can't directly characterize the U.S. recession, you can only say that the interest rate hike has now flickered the economy, the service industry is healthy but the manufacturing industry has become a short board, the only hidden danger is whether the service industry can continue to be so healthy after the holiday month, and then it is the time to see the poor dagger.
And the two people who spoke at the time: Williams and Goolsbee expressed completely different views, you say that they are two eagle doves The two extremes are not too much, Williams said that he did not consider cutting interest rates in March, Goolsbee said that it is appropriate to cut interest rates in March, it can be seen how big the differences within the Fed are now, and the only reason for them to reach a consensus is economic data, there is PCE data this week, under the premise of Goolsbee's two speeches this week, is it possible to pave the market for the expectation of a rate cut in March?
Of course, it doesn't mean that it will fall, gold doesn't pull to a high level, we can't be empty, right, anyway, we have to have this expectation, just digest another wave of digestion, I feel that the Federal Reserve is playing a wolf game, first shout, let the market vent its emotions, and then a whole false shot, directly grasp the rhythm, recharge the Fed credit, a bit dark, right? Haha, to emphasize, this is all speculation, very subjective, you will get it after reading it, the actual situation still depends on the performance of the market in the past two days, the first one is tonight, we wait patiently to see if the market reacts.
Disclaimer: There will be a lag in the update of the article, and it needs to be judged based on the actual situation
This article only represents personal views and is for reference only, investment is risky, and you need to be cautious when entering the market