The market is always in a game of long and short. The market sometimes rises strongly and sometimes falls sharply. You can't control the direction of the market. The only thing we can do is to preserve the principal. When the market is unclear, we can exit the position and wait and see. There is no need to consume your energy because of the unknown trend. Is the market going up or down? The most important thing to worry about is what countermeasures you will take in response to market changes, how much profit you can make when you are right, and how much profit you can make when you are wrong, and how you can avoid it immediately.
Today’s market news:
International gold prices fell slightly to a five-week low of US$1,203.96 per ounce on Thursday (March 9). Before the US non-farm payrolls report was released on Friday (March 10), the US dollar rose, putting pressure on gold prices. As of now, gold is trading at $1,205.30 per ounce, down slightly by 0.24%; the U.S. dollar index is running at 102.17, up slightly by 0.07%. Investors are awaiting the U.S. non-farm payrolls report for February to be released on Friday to gauge the state of the U.S. economy. Last week, Fed Chair Janet Yellen said the Fed was ready to raise interest rates if employment and inflation remained firm.
Midnight gold market analysis:
Let’s take a look at the gold market first. The price of gold has been falling all the way recently, from the confirmed top at 1263 to the subsequent short selling and high altitude. When the top was initially determined, gold was still accelerating to break through 1245 US dollars. When the decline was officially established, many people were looking at 1300 US dollars or even higher. Who knew that the rapid decline of gold was a blow to the bulls. Yesterday, it continued the downward trend of the previous two consecutive days, and the market opened low at 121 in early trading. After reaching the position of 5.1, the market began to rise. After reaching the highest position of 1218.5, the market began to fall. From the 4-hour chart, the price of gold is in a downward price channel. It has closed for 7 consecutive negative days. The short positions have been arranged. Falling, so the teacher’s view on gold today is still high-altitude. The rebound is short at 1210-1212. The target is 1206 and 1200-1198. If it falls below, the competition for the 1192-1190 range is below.
Midnight silver market analysis:
Let’s look at the silver market again. The trend of silver is similar to that of gold. It has also entered a downward trend overdue. Looking at the daily chart, when the upper part touches the downward trend high pressure of 18.45 US dollars, a big negative line is pulled down. In the evening, it breaks the level and accelerates the decline. It reaches 17.20 US dollars, basically close to the 17 US dollars mark. However, It hasn't arrived yet, which means that silver still has room to fall, so today's operation is to wait for the market to rise to the high point of 17.21-17.30 to go short. It is not recommended that you directly pursue the short position. The defensive stop loss band can change its position at 17.5. The lower target is 17.193, and if it falls below, the 17 integer mark will be competed for.
Investment is risky, so be cautious when placing orders! The market is changing rapidly. Due to the delay between the publication time of the article and the current price, the above suggestions are for reference only. For more real-time entry points during the day, please contact the author He Yongming for intraday tips).
2017 is destined to be the foreign exchange market. It is the only investment market in the world in which everyone from the World Bank to the common people participates. The key reason why the United States can dominate the world depends on the hegemony of the US dollar. The exchange rate war has risen to the highest national financial war!
If you have the courage to invest, I have the strength to make you money. Teacher He’s circle of friends verification: jinding92035
