Before the Fed's policy meeting next week, the market thinks that the probability of the Fed raising interest rates next week is as high as 100%, and the price of gold is doomed?
Interpretation of international news
Before the Federal Reserve's monetary policy meeting next week, the dollar successfully gained some momentum due to the weakening of the euro and the pound. The strong dollar has brought some strong headwinds to gold, and even if the Fed raises interest rates by doves next week, it may not be enough to boost gold.
Before the Fed policy meeting next week, the trend of CME fund futures shows that the market thinks that the probability of raising interest rates next week is100%; However, the market will pay attention to the situation after next week's meeting and will look for clues to raise interest rates for the third or fourth time. At present, the market expects that the probability of raising interest rates for the third time in February this year is less than 50%. These low expectations will indeed bring some risks to gold later this year. If the economic data starts to improve, the interest rate hike is expected to have room for change, which may put pressure on gold.
The testimony of former FBI director Komi failed to bring gold demand. The result of the British election was unexpected. Theresa May's Conservative Party lost its majority, which led to the emergence of a "suspended parliament". Next week, Britain will begin negotiations on Britain's withdrawal from the EU. With the failure of gold, investors are turning to the key level of1$280 per ounce, which is the starting point of the six-year downward trend. Some analysts said that the gold price not only needs to break through this level, but also needs to close above the April high, in order to regain enough kinetic energy to support it to continue to rise above the $65,438+$0.300/oz mark.
Analysis of spot gold trend next week
Gold fell from 1295, and went out of the downward trend, 1289, 128 1, 1270. At present, the gold price is trading at 1266. Technically, the three tracks of the Bollinger Band tend to run down in parallel. Next week, pay attention to the first-line support at the bottom 1260 and the first-line resistance at the top 1270-72. At present, 1260 is the long and short watershed of the integer trend of gold price! If you hold 1260, the overall strength of the gold price will probably continue; If the gold price falls below 1260. Then the strong pattern of last month will be broken and the following portal will be opened. To sum up, Qin suggested that next week's operation should focus on high altitude, supplemented by low altitude. Focus on 1272 suppression above, and focus on 1260 support below.
The downward trend was maintained at the end of Friday, and the daily chart closed for three consecutive trading days, making it possible for gold to turn around. Then, as the dust settles in the British election, this week's weekly line will determine the short-term trend. On Friday, gold continued to fall, leading to the weekly negative line, so it can be confirmed that the resistance of 1295 is effective, and in the case that the Fed's interest rate hike is expected to be high in June, Yellen may command the doves to raise interest rates again, and 1295 may become a short-term top. At present, it has reached the 5-day moving average of the weekly line, which is also the panorama of the callback repair in May. In summary, the gold trend is bearish, and the operation next week is still dominated by rebounding and shorting. The market changes in real time, and the specific entry and exit points are subject to Qin's firm offer!
Suggestions for gold operation next Monday:
1, rebound 127 1 go short, stop loss 1275, target 1264- 1262.
2. Short near 1259 below, stop loss 1255, target 1266- 1268.
The iron law of trading and your encouragement!
1. When the stop loss position is reached, strictly implement the stop loss price, regardless of whether the order is flat or wrong in the future;
2. After the loss is closed, don't backhand, adjust your mentality and analyze the market;
3. After the failure of floating win, strictly abide by the remedial principle of "don't leave when you earn 10,000 yuan, but you must leave when you earn the last time";
4. When the liquidation has huge profits, put an end to entering the market immediately to make a single order, calm down the joyful mentality and then make an analysis and enter the market.
Angel wants to talk to you.
The market is ruthless. If you don't understand the market at all and don't know the most basic analytical knowledge and skills, you will blindly enter the market. I feel distressed and angry about this kind of investor. This kind of investor is like going to war without armor, and the consequences are unimaginable, not only hurting the body, but also hurting the money. For me who has been engaged in the financial industry for nearly five years, although I often stay up until 4 am to talk with customers and care about their income at 6 am, data analysis and drawing is a very complicated and boring thing. However, whenever the accuracy after repeated confirmation and careful re-examination brings benefits to customers, that kind of satisfaction will completely replace the boring data. Every customer's praise and heartfelt thanks is the greatest spiritual comfort for me, and it will be countless times for me.
It is precisely because so many investors have fully trusted me that Angel is even more afraid to live up to everyone's expectations. Every time, she tried her best to give investors the most stable and safe operation plan with her professional judgment and according to her own funds.
The financial market is fair to everyone. Since someone loses money, someone must make money. But if you want to make a profit from your investment, there is really no shortcut. Just like an ascetic monk, he does his homework carefully every day and is diligent in accumulation. Besides providing some investment experience and learning methods, Angel hopes to find like-minded investment friends and study hard together. I wish all investment friends get rid of the fate of loss, and hope to have a better opportunity to provide investors with good strategies!
Author: Qin
The author's words: the future does not welcome the past, nor does it love.
Writing time: 20 17/6/ 10