Gold breakthrough, don't rush to say strong!
After a 14 year hiatus, the loose monetary policy has once again been widely circulated by major media outlets since yesterday afternoon. This is undoubtedly a good thing. Loose monetary policy means releasing water, and at least the real estate and stock markets will not be crushed. We will first revive them and gradually talk about adjustments.
But don't get too excited too early. The release of water is a good thing, and you need to have two conditions: multiple houses and multiple finances.
Someone asked why? If these two things are not possessed, putting them in too much water will make people feel uncomfortable. The currency will depreciate, prices will rise, but wages will not increase. There will be no fixed deposits, no cash deposits, and even no opportunity to profit in the stock market. What's the point of it.
Good morning, you in front of the screen, always emphasizing: grab the knife and wait for the good wind. The wind is coming, but you still don't have the conditions, so no one can save this life. Sometimes a change in destiny doesn't necessarily mean crossing social classes, but rather crossing an opportunity. Do you think this is the truth.
Gold, this definitely depends on Lian Yang, the reason is actually very simple:
1. Break through the top of the previous range oscillation.
2. The daily rhythm has always been a single bearish trend followed by a bullish trend. So, do you want to see a bullish trend after breaking through?
3. The emphasis on following the trend that started last week, if it is a breakthrough, then the probability of a breakthrough following the trend is high. The early rhythm may rise, and a subsequent downward breakthrough may be false, but an upward trend is definitely following the trend.
Similarly, don't get too excited too early. This breakthrough doesn't mean returning to a strong rhythm, but there is a high probability of continuing to oscillate in a different range.
This mainly lies in the following points:
Yesterday morning, there was a Monday cycle at the opening, with a high opening and a decline.
2. After bottoming out and rebounding, break through the early morning opening and emphasize that breaking through the early morning opening and falling must be accompanied by oscillation. But according to the principle of following the trend, there will definitely be more in the afternoon.
(1) Two 618 positions that appeared yesterday.
The 2636 position in the afternoon is the 618 position that retreated from 2627-1650 in the morning. If we look at the oscillation, will we go long at the 618 position in the afternoon?
The second one is the high point of 2676 line yesterday evening, which is the 618 position of this wave of decline and rebound. 2722-2605 draw 618
There are opportunities for operation in both key 618 events, do you think it's a shock.
(2) The early morning pullback is strong in the US market, and the magnitude of the early morning pullback is relatively large.
Why do we still choose to buy more at 2657.5? Also located at 618 position.
Yesterday, the pre-market strength point in the US rose from 2654 to 2676 and fell, with a retracement to the 618 position at 2657.5
Meanwhile, based on yesterday's overall increase, this position is 382, which is in line with the strong position.
In addition, the US market remained strong until early morning, so this point can be more than twice, but we did not expect it to be in place in the early morning.
The focus is on this morning, and we have always emphasized one point:
The current market situation is characterized by significant fluctuations in the Asian stock market, with a general trend of a rebound. And yesterday it bottomed out and rebounded, the market was strong, so it must have been bullish this morning.
This doesn't need to be prompted every time, just talk about a technical point every day, it depends on how much you master and how you use it.
After the morning rise, focus on two points:
1. Low point 2657, the watershed below today.
2. 2676 above, watershed above.
After a morning fluctuation, there was no chance for basic operations, mainly due to our perspective: although we broke through the previous high point, it should only be running in a different range.
So, the momentum of breaking through the high again within the day may not be significant.
The European market is crucial, reaching 2659 in the morning, which is the high point of 2676 to the low point of 2657 in yesterday's US market, rebounding to 618 position.
If it is suppressed below 2676 during the day, the US market will see a pullback and the market will only fluctuate within the range.
If it breaks through 2676 within the day, the US market will be bullish.
Similarly, below 2657, the adjustment continues, and the US market's pullback is also a second short selling.
Because today marks the boundary between confirmation of oscillation and breakthrough. Don't rush to draw a conclusion.
The above views are for reference only. Investment carries risks, and caution should be exercised when entering the market
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