8.29 Gold analysis operation ideas
In early Asian trading on Thursday (August 29), spot gold fluctuated in a narrow range and is currently trading around 2520. Gold prices fell 0.8% on Wednesday to close at 2504. Affected by the strengthening of the US dollar, investors are paying attention to key inflation data from the world's largest economy to find clues about the scale of the Fed's possible interest rate cut in September. Changes in the number of initial jobless claims in the United States and revisions to the US second-quarter GDP will be released this trading day, and investors also need to pay attention.
Gold rose sharply on Tuesday as a safe-haven. Yesterday, many people were bullish and thought that gold would rise sharply, but gold did not break through a new high, but instead fell back after a high. We directly participated in the short order at 2523 in the early trading, without any hesitation, and took a profit of 30 points yesterday, easily. Gold is still what we have always said. Yesterday's trend and rhythm are basically the same as what we encountered before. They were all sideways in the late trading and pulled up in the morning, and then began to fall back and broke the key support. Yesterday's market was also the same as we predicted. It rose in the morning and then fell back, breaking the key support of 2500 in the afternoon. This market is no different from picking up money, and I don’t know how many friends can keep up.
Although gold has once again reached 2520, today’s idea is still to short. The upper 2520-25 area is still under great pressure, and shorting can be boldly achieved in the short term. Long orders are not involved for the time being. The current position is too high, and there is not much profit space for participating in long orders.
Detailed intraday operation strategy:
Short gold rebounds near 2520, defend 2527, target 2500-2480
Gold rose sharply on Tuesday as a safe-haven. Yesterday, many people were bullish and thought that gold would rise sharply, but gold did not break through a new high, but instead fell back after a high. We directly participated in the short order at 2523 in the early trading, without any hesitation, and took a profit of 30 points yesterday, easily. Gold is still what we have always said. Yesterday's trend and rhythm are basically the same as what we encountered before. They were all sideways in the late trading and pulled up in the morning, and then began to fall back and broke the key support. Yesterday's market was also the same as we predicted. It rose in the morning and then fell back, breaking the key support of 2500 in the afternoon. This market is no different from picking up money, and I don’t know how many friends can keep up.
Although gold has once again reached 2520, today’s idea is still to short. The upper 2520-25 area is still under great pressure, and shorting can be boldly achieved in the short term. Long orders are not involved for the time being. The current position is too high, and there is not much profit space for participating in long orders.
Detailed intraday operation strategy:
Short gold rebounds near 2520, defend 2527, target 2500-2480
Note
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Note
Facts speak louder than words. In yesterday's transaction, we insisted on short selling. In the end, the gold price gave us the desired profit, a profit of 60K.
Senior gold analyst who has been engaged in gold, US dollar, and oil trading for 12 years. Join me and I will lead my team to help you become a professional trader and expand your assets.
t.me/divedgold123
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