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Gold, pay attention to adjustment risks during the day!
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: Gold, pay attention to adjustment risks within the day!". Hope it will be helpful to you! The original content is as follows:
In just one year, the stock price has risen by more than 12 times, and the market value of Pop Mart has gone from HK$100 billion to around 300 billion. Netizens said they couldn't understand why a broken doll Labubu is priced at thousands of dollars, and they can't buy it at all.
I have bought Pop Mart too much when I went public. I couldn't understand it after researching it. In the end, I passed by the wind. Two-dimensional + blind box = dopamine, which is an old saying: People cannot make money outside of cognition.
Wang Ning, as the leader in the trendy toy field, has made Pop Mart the xmserving.company popular all over the world in just a few years. Humans are emotional animals and need sustenance. Scarcity and uncertain play methods allow more buyers to participate, and they are no longer just a rag doll.
The times ruthlessly threw us out of the car who could not keep up with our cognition. We couldn’t understand it or understand it. We thought it was cutting leeks, IQ tax, and the bubble of tulips made rational people miss more opportunities. Hegel said: The only lesson that history has taught mankind is that people have never learned any lessons from history.
Since gold exceeds 480 yuan/, jewelers in the traditional gold industry chain cannot understand it. No matter how much they have been in 20 or 30 years, they have not seen such a surge in gold. Especially on October 5, 2021, the gold price was affected by the conflict between Hamas and Israel, and the $1,840 opened high, causing a large number of investors to be trapped.
In the past, gold retailers needed to lock the price by selling gold to hedge risks, and developed habitual short gold. In addition, the price of gold has risen sharply in recent days, and retail business itself is difficult. Gold has become a luxury goods. A large number of gold retailers went bankrupt. The original locked price was to hedge the risk of fluctuations in gold prices and earn labor fees., now it has evolved into an "idle" and participated in speculation in the gold market.
On the surface, I have been doing gold business for decades, but in fact I don’t understand the factors and logic of price fluctuations at all. Basically, based on my feelings, I dare not get more gold after the price rises to more than 800. Human nature thinks that how can I chase long when it rises so high, so I keep short of gold. The logic is: it is impossible to keep rising, and the higher it can be as deep as it can be.
Unfortunately, the market will not "think in mind". With the influence of a bunch of positive news such as geopolitical risks and trade conflicts, the gold price will rise higher and higher, and the short sellers will become deeper and deeper until they are unable to make up for margin and cut their losses and leave the market. The gold industry has worked hard for decades and accidentally returned to the pre-liberation.
So, we can't understand the new gameplay of Pop Mart, just like gold retailers can't understand the current gold price. In the past, retailers only earned manual fees and did not participate in market speculation. Now they are passively involved in the market to earn price difference. It seems the target, but the actual difference is very different! The same thing is true: if a person cannot make money outside of cognition, the money earned by luck will lose by strength.
Okay, let’s talk about the gold market today:
In the morning, after the opening, the gold price opened high and pulled to $3,452. It seems very strong. In fact, the market that surged in the morning is often very risky and has poor continuity. This has been shown in many cases in the past. The formula: it is difficult to continue the surge in the morning. It is said that you must pay attention to the market that rises in the opening.
However, I would like to share with you a little trick: if the price of gold rose strongly before the closing of the early morning of the morning, the probability of continuing after the opening of the next trading day is very high, at least 70% or 80%. The decline is just the opposite. The last day before, the end of the trading day was very weak, and the next day, the probability of a decline will continue.
How to do this kind of transaction: it is done before the closing at 3-4 am. When the next day, there is basically no chance to get on the car. Place an alarm clock in the early morning, and then make profits after opening the next morning. The market will be continuation of the previous day. The profit margin is large and small, but my suggestion is to control the position time before 7:00.
4 hours, after a sharp rise in the morning, the Asian session started to rise. The break at the $3430 position basically laid the groundwork for the subsequent adjustments. Last Friday's strong upward trend would have instinctive retracement today. At this time, the risks are often intensifying. After today's rebound, pay attention to the confirmation support of the starting point in the morning. If you want to go more today, you must return to above $3452 before you consider it. Although the general direction is bullish, you must also control the rhythm and position.
Today, if there are still long positions in hand, the European market rebound is at the top and bottom conversion position of 3432-34 to consider adjusting positions. For the time being, I don’t consider long today. 3405 US dollars seems to be support, and there is a high possibility of breaking the position here. Today, the long position can only be higher than US$3452, or the European market falls and the US market falls and then get on the car. If the European market is given 3432-34, I will consider shorting once!
The above content is all about "[XM Foreign Exchange Market Analysis]: Gold, pay attention to adjusting risks within the day!". It was carefully xmserving.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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