Medium-and long-term trend: the probability of falling is much higher than that of rising, and there must be rebound and oscillation in the process of falling.
Short-term: In recent years, gold will start a wave of gains every September, which is related to the demand factor at the end of the year and the weakening of the US dollar.
However, it is estimated that the upward trend of gold at the end of this year will not be too smooth, and it should be a period of sharp oscillation and consolidation. This integration trend may begin to decline before the dust settles in the US election or the Federal Reserve begins to raise interest rates.
Before the end of the year, the US dollar index has a high probability of reaching the range of 82 ~ 86, and then some gains are retreated. Gold will not start to rebound normally until the dollar reaches this range. At this time, gold is likely to be the last rebound. As for the height of the rebound, it depends on the situation at that time.
From the perspective of investment, the probability of establishing a strong dollar is extremely high, and it is unwise to buy gold; Short selling is a long-term opportunity for gold investment.
From the perspective of speculation, we can find a suitable point to buy in small quantities, but personally feel that the risk and return are not reasonable, contrary to the trend, and the risk is extremely high. It is still suggested that shorting rallies is the best policy.
From the perspective of buying jewelry, it will take some time for the international gold price to be transmitted to the retail price. Just buy what you like. After all, a thousand dollars can hardly buy a kind heart. Jewelry's function of preserving value is limited, mainly involving purity, style and technology. , and does not necessarily preserve the value. If you want to preserve your value, you might as well buy gold bars or bricks or invest in gold futures.
There are the following kinds