Gold shorts are gradually exhausted, and bulls are about to coun

On Thursday, I insisted on being bullish on gold after reaching the CPI. I saw the beginning right, but did not end right. At the beginning it rose to 1930, but at the end it continued to fall weakly, refreshing as low as 1910. These two waves of market confirmed the recent extreme weakness of gold It shows that the temporary market data stimulus cannot make the strong and weak out of the transition, but don't worry, the shorts are exhausted, and the longs will come naturally. This week, it has fallen slowly for four consecutive days. On the technical side, there are serious deviations between the daily cycle and the H4 cycle. The rise of gold is coming soon, and the market is holding its breath for the time being, and friends who are going to be long wait patiently. From a technical point of view, the daily line cycle was negative on Thursday this week, pulling away Bollinger, but the k-line has never broken the lower track of Bollinger. Every time it touches the support of the lower track, there is room for rebound, and the unilateral moving average suppresses at 5. Above the 10-day moving average. Therefore, at the end of Friday, you can also see a rebound on the lower track of Bollinger, and then look at the break of the unilateral moving average support. At the bottom, focus on the rebound at 1908, and at the top, focus on the gains and losses at 1930. If the daily line is effectively stable If it is above 1930, then the daily line will close positive on Friday, and gold will rise next week. The low shock adjustment of the H4 cycle is more obvious, and it will not come for the time being. The low is currently above 1908. After the midnight fall, the low of 1910 is determined. Then the Asian and European markets will not chase short, but can rebound. See Asia For the strength of the rebound in the European market, first look at 1922 and 1930 at the top. If you stand firm at 1930, you can see the high point of 1940 in the US market. In addition, the technical indicators deviate from the low level. As long as H4 is in the low Lianyang, then, you can be sure, you can see the rebound today End this week's quadruple decline. To sum up, although gold remains weak and volatile for the time being, we should pay attention to possible changes in the near future. There is room for a mid-to-long-term rebound. Trading is no longer chasing short, but can go low and long. It is recommended to go low and long around 1912 within the day, and pay attention to 1922 above. , 1930 gains and losses. As long as the daily line closes positive on Friday, gold will start to rise in mid-August.


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