There is also the possibility that the initial profit will turn into a loss, which will lead to a disordered operating mentality, affect the objective ideal of analytical thinking, and eventually retreat step by step. Therefore, it is very important to establish operational discipline and strictly enforce it. We help investors navigate the ever-changing investment market. We're not fancy, we're not flashy. We only do the right things over and over again.
In early Asian trading on Wednesday (July 31), spot gold fluctuated in a narrow range and is currently trading near $2408.86 per ounce. Gold prices rose nearly $30 on Tuesday as Israel's airstrikes on the southern suburbs of Lebanon's capital re-escalated tensions in the Middle East. In addition, investors remain optimistic that the Fed may reveal clues about a rate cut in September at the end of this week's policy meeting.
On July 31, local time, the attack on the southern suburbs of the Lebanon capital has killed 3 people and injured 74 people. On the evening of the 30th, an Israel drone attacked a Allah target in the southern suburbs of Beirut, the capital of Lebanon. It is reported that the drone fired 3 missiles, causing a building to collapse. According to Israel media reports, the Israel military took responsibility for the attack on Beirut and said it was over. According to a statement issued by the Israel Defense Forces on the 30th, the Israeli army carried out a "targeted strike" on Beirut on the same day to eliminate a Allah commander. The Israeli side claimed that the commander was responsible for the recent attack on the Israel-occupied Golan Heights town of Mejidar Shams.
At its two-day meeting, which ends on Wednesday, the Fed is expected to keep current interest rates unchanged but could signal an easing of policy as soon as September. The United States interest rate futures market has fully priced in the possibility of a rate cut in September. Lower interest rates reduce the opportunity cost of holding non-yielding gold. Traders are also awaiting a series of United States employment data scheduled for release this week, including a key nonfarm payrolls report due on Friday. Job openings in the United States fell slightly in June, after last month's data was revised upward, suggesting that the resilience of the workforce that underpins the economy remains.
7.31 Gold Market Analysis:
Gold opened yesterday near 2384, after the Asian market fell slightly below the strong support position of 2376, the European market began to rebound and rise, the U.S. market continued to fluctuate after the opening, and the tail market was affected by the news stimulus, gold directly soared to pull up the trend, and the end of the day refreshed the new high to 2413 line, and the daily line directly charged the big yang trend. On the daily line, the Bollinger bands show a closed running state, the K-line station on the middle rail pressure rises, MA5 and MA10 moving averages near the middle track there are signs of flat running trend, MACD energy column is gradually reducing the operating state, KDJ indicator golden cross, the daily line big cycle to see the bottom of the rebound trend, but the daily line temporarily encountered resistance above, today high short, gold rebound in place, today to see a wave of downward trend. Short-term look at the Bollinger band opening upward, K-line near the upper side of the shock, MA5 and MA10 moving average upward divergence in the operation state, MACD energy column volume operation state, KDJ indicator golden cross, short-term to see the continuous low sideways after the upward trend, refresh the intraday high to run higher, but the pressure is very strong above, today or look at the pressure position short, the trend of high fall, the pressure position first short.
7.31 Gold Operation Recommendations:
1. Short near 2409/2411 above, stop loss 6.5 US dollars, target 2398-2383-2360;
2. Test 2430/2432 near short at any time, stop loss 6.5 US dollars, and look at 2418-2400 under the target;
3. Go long near 2363/2365 below, stop loss 6.5 US dollars, and target 2375-2388;
4. If the market changes, we will give suggestions separately, please pay attention;
7.31 White Bank Analysis:
Silver opened yesterday near 27.84, the Asian market fell slightly to test the strong support below the 27.62 line and began to rise, the European market remained in a volatile trend, the U.S. market opened after the end of the market continued to pull up the upward trend, the end of the day to refresh the new high to around 28.4 after the shock closed, the daily line to collect the big yang trend. On the daily line, look at the Bollinger band opening downward trend, the K-line temporarily rebounds in the lower rail strong support area, MA5 and MA10 moving averages are already in the high-level downward turning trend, MACD energy column volume running trend, KDJ indicator death fork, daily large cycle to see the trend of bottoming out, today first look at the high fall, high pressure first short. Short-term look at the Bollinger band opening to run upward, K-line near the upper side, MA5 and MA10 moving averages or upward divergence running state, MACD energy column is gradually shrinking, KDJ indicator golden cross, short-term look at the lower support position to strengthen, but the day encountered high pressure, today to see a wave of high and falling trend, the pressure position can be short.
7.31 Silver Operation Recommendations:
1. Short near 28.52/28.67 above, stop loss 28.85, target 27.92-27.23;
2. Test the short near 28.86/29 at any time, stop loss 29.25, and look at 28.42-28 under the target;
3. Go long near 27/27.25 below, stop loss 26.82, target 27.63-28;
4. If the market changes, we will give suggestions separately, please pay attention;
7.31 Crude Oil Market Analysis:
Crude oil opened yesterday near 75.9, the Asian market fell slightly, the European market continued to test the intraday high pressure position near 75.9 and began to fall, the U.S. market continued to decline, refreshing the new intraday low to 74.6 near the support level after a slight rebound to close, the daily line closed a small negative trend. On the daily line, look at the Bollinger band opening downward trend, the K-line temporarily fluctuates in the lower band, the MA5 and MA10 moving averages diverge downward at the high level, the MACD energy column is gradually in the shrinking trend, the KDJ indicator is dead, the daily cycle looks at today or continues to look at the downward trend, the rebound is short, and continues to be bearish. In the short term, the Bollinger bands have been opened downward, the K-line has continued to decline, the MA5 and MA10 moving averages have continued to turn downward and run the trend, the MACD energy column has been running in large quantities, and the KDJ indicator is a dead fork.
7.31 Crude Oil Operation Recommendations:
1. Test short near 75.8/76 above, stop loss 77, target 74.5-73;
2. Test the short near 77.5/77.7 at any time, stop loss 78.6, and look at 76.2-75 under the target;
3. Long near 73.2/73.4 below, stop loss 72.2, target 74.5-75.8;
4. If the market changes, we will give suggestions separately, please pay attention;
(The above article was originally written by Xiaobing Finance, please indicate the source for reprinting.) Xiaobing Financial Management warmly reminds that investment is risky, and you need to be cautious when entering the market. The above only represents the personal views of Xiaobing Financial Management, and is not used as a basis for operation, and the operation is at your own risk)