Gold fluctuates around 1900, waiting for the Fed minutes to guid
https://www.tradingview.com/x/PtvVnI2e/
The principle of trading is actually very simple, as long as the trading method with high winning rate is strictly implemented. Everyone can have clear thinking and logic, but how many investors can do this? Once sitting in front of the computer, it no longer exists, and the operation is completely dominated by emotions, chasing the rise, and chasing the rise if it falls too much. Every time I lose money, I just sit there sullenly wondering why. The reasons I came up with are nothing more than these reasons, but being able to think of them does not mean that I will be able to do it next time. In fact, it is the rational self after continuous losses, and the irrational self in the trading process. It might just be human nature.
The Fed decided in July to raise interest rates by 25 basis points as expected. Federal Reserve Governor Bowman said that the Fed may need to raise interest rates further to curb inflation and fully restore price stability. She backed the Fed's decision to raise rates at last month's meeting and expressed a more hawkish view. U.S. retail sales in July increased by 0.7% month-on-month, exceeding market expectations, the largest increase since January 2023, and achieving four consecutive months of growth. Kashkari, president of the Minneapolis Fed, known as the "new eagle king" of the Federal Reserve, said that inflation is still too high and the resilience of the economy is surprising. He's not ready to say the rate hike cycle is over. At 2:00 am on Thursday, the minutes of the Fed's July monetary policy meeting will be ushered in. Gold fluctuates slightly, waiting for guidance.
Gold’s recent moves have been exactly as Binge expected. I believe that friends who follow me know that I have stated many times that the Air Force is expected to intercept bulls around 1985, and the 1983 midline skyline that was publicly deployed by the entire network has successfully achieved the expected goal in 1920. peak in 1985. Gold continued to fall this week, falling all the way to around 1900. Affected by overnight retail data, it showed a downward trend and rebounded. Touched 1896 and quickly rebounded to around 1912.
Gold is currently in a volatile downward trend. The lowest has fallen to around 1896, and the limit is close to the previous low of 1893. It has rebounded, and the 1900 mark is still struggling. The possibility of a rebound and recovery cannot be ruled out in the near future. After all, this wave of decline is also close to 90 points. STO is seriously oversold and has repeatedly fallen to the bottom. It’s just that the daily MA5-MA10 moving averages continue to keep the dead cross downward, the Bollinger Bands continue to open downwards, and the MACD green column can start to run in large numbers; the downward trend is strong, and the Bollinger Bands are also expected to open up downside space. The short trend is still very clear, with each step making new lows, the Air Force controls the main theme, and it is unrealistic for the bulls to rebound in one fell swoop. So tonight's operation will continue to maintain a bearish thinking, the downward channel will remain intact, and the rebound will focus on the pressure around 1912.
Gold US market strategy: 1--1912 near empty, stop loss 1919, target 1905-1900
Continue to be bullish at 1900, stop loss at 1893, target 1907-1912
The road to profit is not crowded, because there are not many people who persist. Success requires continuous learning, but not many people can learn. The road to profitability requires preparation, but not many people are ready. No one pays for your pain. Profits are their business. But to support each other, you need to be calm and calm, and only when you walk together can you have a charming scenery. The end of the world is just a few feet away, cooperation is nothing more than that!
The trend is still floating within my analysis, hello traders, please continue to pay attention to my analysis, I wish you a happy life
The principle of trading is actually very simple, as long as the trading method with high winning rate is strictly implemented. Everyone can have clear thinking and logic, but how many investors can do this? Once sitting in front of the computer, it no longer exists, and the operation is completely dominated by emotions, chasing the rise, and chasing the rise if it falls too much. Every time I lose money, I just sit there sullenly wondering why. The reasons I came up with are nothing more than these reasons, but being able to think of them does not mean that I will be able to do it next time. In fact, it is the rational self after continuous losses, and the irrational self in the trading process. It might just be human nature.
The Fed decided in July to raise interest rates by 25 basis points as expected. Federal Reserve Governor Bowman said that the Fed may need to raise interest rates further to curb inflation and fully restore price stability. She backed the Fed's decision to raise rates at last month's meeting and expressed a more hawkish view. U.S. retail sales in July increased by 0.7% month-on-month, exceeding market expectations, the largest increase since January 2023, and achieving four consecutive months of growth. Kashkari, president of the Minneapolis Fed, known as the "new eagle king" of the Federal Reserve, said that inflation is still too high and the resilience of the economy is surprising. He's not ready to say the rate hike cycle is over. At 2:00 am on Thursday, the minutes of the Fed's July monetary policy meeting will be ushered in. Gold fluctuates slightly, waiting for guidance.
Gold’s recent moves have been exactly as Binge expected. I believe that friends who follow me know that I have stated many times that the Air Force is expected to intercept bulls around 1985, and the 1983 midline skyline that was publicly deployed by the entire network has successfully achieved the expected goal in 1920. peak in 1985. Gold continued to fall this week, falling all the way to around 1900. Affected by overnight retail data, it showed a downward trend and rebounded. Touched 1896 and quickly rebounded to around 1912.
Gold is currently in a volatile downward trend. The lowest has fallen to around 1896, and the limit is close to the previous low of 1893. It has rebounded, and the 1900 mark is still struggling. The possibility of a rebound and recovery cannot be ruled out in the near future. After all, this wave of decline is also close to 90 points. STO is seriously oversold and has repeatedly fallen to the bottom. It’s just that the daily MA5-MA10 moving averages continue to keep the dead cross downward, the Bollinger Bands continue to open downwards, and the MACD green column can start to run in large numbers; the downward trend is strong, and the Bollinger Bands are also expected to open up downside space. The short trend is still very clear, with each step making new lows, the Air Force controls the main theme, and it is unrealistic for the bulls to rebound in one fell swoop. So tonight's operation will continue to maintain a bearish thinking, the downward channel will remain intact, and the rebound will focus on the pressure around 1912.
Gold US market strategy: 1--1912 near empty, stop loss 1919, target 1905-1900
Continue to be bullish at 1900, stop loss at 1893, target 1907-1912
The road to profit is not crowded, because there are not many people who persist. Success requires continuous learning, but not many people can learn. The road to profitability requires preparation, but not many people are ready. No one pays for your pain. Profits are their business. But to support each other, you need to be calm and calm, and only when you walk together can you have a charming scenery. The end of the world is just a few feet away, cooperation is nothing more than that!
The trend is still floating within my analysis, hello traders, please continue to pay attention to my analysis, I wish you a happy life
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