US security adviser Burton was replaced, gold price brewing rebound

Discussion in 'Weekly Forex Analysis' started by jerry0821, Sep 11, 2019.

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  1. jerry0821

    jerry0821 Member

    US President Trump announced through social media that he had asked Bolton to leave the White House last night (10th).
    The content said that I and the rest of the government did not agree with many of his suggestions, so I asked Bolton to make Resigned, and the resignation has been submitted this morning.
    At the same time, it is mentioned that next week will be appointed to replace Bolton, which will also be the fourth White House Guoan consultant appointed by Trump since taking office.

    Forex - Technical Analysis (Gold XAUUSD):
    h1.png
    Today's foreign exchange analysis gold (September 11) early in the morning at 1485.8 US dollars/ounce, from the technical analysis, 1-hour level observation trend wave theory at the end of the wave has been completed, the decline has gradually shortened, so there is an opportunity to brew a rebound.
    At present, the pressure range above the short-term line is located at 1504~1504.5 US dollars/ounce. In the downward direction, the initial support range is 1484~1484.5 US dollars/ounce. The operation mentality is mainly short. The investors who want to enter the market for a short time can consider the price of 1489.5 US dollars. For the $1,492/oz range of light positions, the MT4 operating stop loss can be considered to be set below $1486.5 per ounce.

    Forex - Technical Analysis (EUR/USD EURUSD):
    h2.png
    Today's foreign exchange analysis of the euro / US dollar (September 11) early in the morning near 1.10481, from the technical analysis, the 1 hour level observation trend narrowly oscillated, the high point moved down, the bottom has support, so there is a chance to pull high pressure after pulling Back to correction.
    At present, the pressure range above the short-term line is located at 1.10670~1.10700, the downward direction, the initial support interval is 1.10200~1.10250, and the operation mentality is mainly short. The investors who want to enter the market for a short time can consider buying in the 1.10430 to 1.10480 range. The MT4 operation stop loss point can be considered to be set below 1.10400.

    Forex - Technical Analysis (Pound Sterling / USD GBPUSD):
    h3.png
    Today's foreign exchange analysis GBP/USD (September 11) Early in the vicinity of 1.23577, from the technical analysis, the 1-hour line-level observation trend is in line with yesterday (10th) forecast pull back and then rise, the current shock market, so waiting for a breakthrough opportunity Rising again.
    At present, the pressure range above the short-term line is located at 1.24000~1.24050, the downward direction, the initial support range is 1.23100~1.23150, and the operational mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.23520 to 1.23560 range. The MT4 operation stop loss point can be considered to be set below 1.23390.

    Forex - Technical Analysis (NZD/USD NZDUSD):
    h4.png
    Today's foreign exchange analysis NZD/USD (September 11) Early in the vicinity of 0.64235, cut in from the technical analysis, the 1-hour line-level observation trend increased and pulled back to make corrections, after the decline channel stabilized, there is a chance to make a rebound.
    At present, the pressure range above the short-term line is located at 0.64390~0.64440, the downward direction, the initial support interval is 0.63950~0.64000, and the operation mentality is mainly short. The investors who want to enter the market for a short time can consider buying in the 0.64300 to 0.64350 range. The MT4 operation stop loss point can be considered to be set below 0.64200.

    Today's key data:
    1.China August M2 Money Supply Annual Rate
    2.US August PPI monthly rate
    3.US July wholesale sales monthly rate
    4.EIA crude oil inventories (10,000 barrels) from the US to September 6

    More information Forex and MT4
     

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