Awaited Fed. rate decision, gold prices remained stable yesterday. The day began at 1675, where the price overall was trending downward throughout the early Asian and European sessions. It cleared the S-T trendline(1) at the US session and traveled all the way to 1660, the daily low from the day before. The day ended at 1664, down by USD 19.
1660-80(2) can be used as an operating range before the US Fed. An announcement later on today.
Since gold cleared the 1680 support, the downward resistance line(5) is dominating the daily chart trend. The S-T support 1665(4) is still in effect. The Fed. announcement will take over the next major movement.
S-T Resistances:
1687-90
1680
1670
Market price: 1666
S-T Supports:
1665
1660
1650-52
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
場外式黃金/白銀交易的風險:
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險,未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會(「證監會」)監管,因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束,包括(但不限於)客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失,或在極端情況下(例如相關市場跳空)產生更多的損失。因此,閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險,如有需要,請向獨立財務顧問尋求意見。
Gold was steady yesterday near the 2-years low yesterday. The market opens at 1657 back from the weekend. The price was rejected by the key resistance 1680 early in the Asian session, and the price kept moving lower toward the day-low near 1659 until the US session turned active. The day ended up closing at 1675, unchanged from the trading day before.
The downtrend originated from 1730 last Tuesday has completed after gold cleared the resistance from trendline(1) last Friday, and it is now officially bounded by the range 1650-90(3). A triangle pattern(2) has been formed in the past 48 hours while the market is now waiting for the announcement from US Fed. Meeting.
The gold price failed to move below 1650 after it cleared the critical support of 1680. A structural bottom is forming on the daily chart as the buying support below 1665(4) has been strong in the past 48 hours. The US Fed. The meeting will be the turning point; if the price fails to go below 1650 after the US Fed. announcement, the structural bottom will form. After the price clears the 1680 resistance, the upside target can be around 1730.
S-T Resistances:
1697-1700
1687-90
1680
Market price: 1673
S-T Supports:
1670
1660
1650-52
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
場外式黃金/白銀交易的風險:
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險,未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會(「證監會」)監管,因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束,包括(但不限於)客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失,或在極端情況下(例如相關市場跳空)產生更多的損失。因此,閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險,如有需要,請向獨立財務顧問尋求意見。
Gold cleared the 1680 major support yesterday. The market opened near 1697, and the price had already sunk below 1690(1) early in the Asian session. Before the US session got active, it bounced between 1685-90. Once it cleared the critical support supprot later in the US session, the price went to a new 2-year low near 1660. The day ended at 1664, down by USD 32.
Gold finally escaped the 1690-1730(3) range yesterday, with an initial expectation of a 1:1 movement; the following trading range should be between 1650-90(3). The S-T trend will remain downward unless the price can jump above the S-T resistance line(2) that we mentioned yesterday. The S-T downside target can be set at 1650 for now.
The overall structure shifted from previously sideway to downward for now, as it is the first time in 2 years that the gold price closed below 1695. Expect the price to stay bearish until the US Fed. Meeting next week.
Unless the price can climb above 1700 in the next 2-3 weeks, a double-top pattern(4) in the weekly chart will be formed. The price is currently running in Wave 5(5), expecting the bottom to occur around the US Fed. Meeting.
S-T Resistances:
1680
1670
1665
Market price: 1660
S-T Supports:
1650-52
1645
1640
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
場外式黃金/白銀交易的風險:
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險,未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會(「證監會」)監管,因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束,包括(但不限於)客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失,或在極端情況下(例如相關市場跳空)產生更多的損失。因此,閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險,如有需要,請向獨立財務顧問尋求意見。
Gold cleared the 1700 support yesterday. The day began at 1791. The trading was relatively stable during the Asian and European sessions, within the tight range of 1700-07. The price cleared the 1700(1) support late in the US session, pushing the price to the day-low near 1693. The day ended at 1696, down slightly by USD 4.
The market has been quiet since the rapid drop after the US CPIs the day before. An S-T resistance line(2)has been formed in the 1-hour chart in the past 24 hours; gold needs to clear the 1690 support in the European session today. Otherwise, the price will jump back above the downward trendline(2), triggering a new round of buying. If the price breaks the resistance line(2), the S-T upside target can be set at yesterday’s high of 1707. On the other hand, 1680 remains the critical support.
The structure hasn’t changed much in the daily chart; the price remains in the 1690-1730(4) range. It will be ready to move below 1680 if the price closes below 1695.
S-T Resistances:
1705-07
1700
1697
Market price: 1692
S-T Supports:
1690
1685
1680
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
場外式黃金/白銀交易的風險:
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險,未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會(「證監會」)監管,因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束,包括(但不限於)客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失,或在極端情況下(例如相關市場跳空)產生更多的損失。因此,閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險,如有需要,請向獨立財務顧問尋求意見。
Gold pulled back near the 1-week high yesterday. The day began at 1724. and the price was bounded by 1720-30 during the early Asian and European sessions. Once the US released its inflation figures, the price broke out from the uptrend channel(1) and dipped to the day low near 1697. The day eventually ended at 1701, down by USD 23.
Although gold fell more than USD 20 yesterday, it still maintains its position within the 1700-30(2) range in the 1-hour chart. If an S-T rebound began in early trading, the upside target could be set at 1709(3).
The selling has yet to show signs of slowing down on the daily chart. The price may test again at the bottom of the range(4) near 1690, later in the European or the US trading sessions.
S-T Resistances:
1720
1715
1709-10
Market price: 1700
S-T Supports:
1697
1690
1680
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
場外式黃金/白銀交易的風險:
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險,未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會(「證監會」)監管,因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束,包括(但不限於)客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失,或在極端情況下(例如相關市場跳空)產生更多的損失。因此,閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險,如有需要,請向獨立財務顧問尋求意見。
Gold stayed in a tight range yesterday. The day began at 1748, and the price was bounded within 1745-50 early in the Asian & European sessions. It touched the day-low near 1742 before the US session, then the buying came into the market. The day-high reached 1755, with day ending at 1750.
The uplifting momentum has accelerated as the upward trend line shifted from (3) to (3.1) yesterday. The price has cleared the selling resistance between 1750-55 early in the Asian session today, triggered a new round of buying. Once the price clears the next resistance 1760(2), the next upside target will be at 1770-73.
The structure 1730-80(4) dominates the daily chart for now. The 10-day MA(5) is now blocking the upward movement; nce it is cleared, the next target will be at 20 day MA(6).
S-T Resistances:
1775-73
1770
1765
Market price: 1762
S-T Supports:
1759-60
1755
1750
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
場外式黃金/白銀交易的風險:
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險,未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會(「證監會」)監管,因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束,包括(但不限於)客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失,或在極端情況下(例如相關市場跳空)產生更多的損失。因此,閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險,如有需要,請向獨立財務顧問尋求意見。
在人們的理解之中,黃金帶有很多的標籤—尊貴、金錢、保值、近期價格攀升等等。從古老的東方國度到古典的歐洲大陸,從公元前的世界到全球化的今天,黃金,一直都是財富的象徵。馬克思曾有一句對黃金廣為人知的描述“金銀不是貨幣,但貨幣是金銀”。在人類社會的不斷發展中,黃金的自然屬性奠定了其社會屬性的基礎。這篇文章我們將重點放在價值最高的黃金身上。金銀作為自然界天然存在的物質,本身並不是為了充當貨幣而出現的。但隨著人類社會的進步和發展,人需要創造所謂的“貨幣”來滿足人類的物質生產生活,這種被人類需要的貨幣的基本屬性全都包含在金銀之中,所以貨幣自然是金銀。那麼,黃金都有哪些屬性呢?1. 黃金極其穩定。黃金幾乎不和其他所有元素反應,你可以用黃金精心打造一隻美洲虎,在1000年以後仍然可以在倫敦市中心的博物館陳列櫃上找到它,完好無損,一如當初。而曾經充當貨幣的鐵,銅,甚至銀,都會較容易地與生活中常遇到物質進行化學反應而降低其自身的社會價值。2. 沒有人類能夠自製黃金。自古以來東西方都有人追求煉金的方法,有人加入各種材料到煉金爐中去,有些人能夠得到金黃色的物質沾沾自喜。但隨著科學理論的深入,我們發現,產生黃金的場景只有兩種可能—宇宙大爆炸和恆星熔爐。作為人類,我們無法憑空利用手中的物質和技術合成新的黃金。3. 全球數量稀少。現今人類已經有7000年的黃金開採歷史了,但是將開採到的所有黃金組成一個立方體,這塊立方體的邊長也不過21m,而我國“水立方”國家游泳中心的高度為31m,長為177m。4. 黃金密度較大。黃金的密度是19.32g/cm³,而白銀的密度是10.50g/cm³,高密度,低總量意味著一小塊的黃金價值巨大,在古代進行大宗商品交易時帶些金條就夠了,但白銀的話可能需要幾百公斤。5. 可塑性強。黃金雖然化學上很穩定,但是在物理形態上具有很高的可塑性。可以鑄成金條進行交易,也可以拉絲裝飾在衣物上,也可以打造成各種種類的黃金飾品。極強的可塑性和極高的穩定性使黃金滿足了人類對於其用途的所有可能。6. 黃金天然富有美感。許多文明都將太陽視為神明,因為它帶來了溫暖,光明,美感和更多的人文意義。元素週期表中的金屬,只有黃金和銅是金色的,而銅又很容易進行化學反應產生“銅綠”。它美的令人難以置信,它的美學屬性使它們成為滿足奢侈、裝飾、華麗、炫耀等需要的天然材料,成為剩餘和財富的積極形式 。7. 黃金本身的使用價值不會與人類賦予的經濟職能發生衝突。馬克思曾在《政治經濟學批判》一書表示,一般金屬在直接生產過程中的重大意義是同它當作生產工具的作用聯繫在一起的。撇開金銀很稀少不談,僅就它比鐵,甚至比銅(指古人所用的硬銅)軟而論,這已經使它不適於這種用途,因此,這在很大程度上使它們喪失了一般金屬的使用價值所依以存在的那種屬性。它不僅在直接生產過程中沒有什麼用處,而且作為生活資料,作為消費對象,它同樣不是必需的。因此,不論把多少金銀投入社會流通過程,也不致對直接生產過程和消費過程發生不利的影響。由此可見,黃金本身的使用價值並不與它的經濟職能發生衝突,它對於人類的唯一用途就是被當做珍寶。黃金自被開採以來,在漫長的歷史中逐漸被認識到其充當貨幣得天獨厚的優勢。過去人們曾用石頭,皮革,鐵器,銅錢等充當貨幣,而今流通貨幣的主要形式是紙幣。可見,黃金並不是貨幣的唯一載體,但是它的天然屬性滿足了人們對理想貨幣的想法,它便有了貨幣價值。那麼,對於人類來說,貨幣需要滿足哪些條件或職能呢?在發達的商品經濟條件下,貨幣具有價值尺度、流通手段、貯藏手段、支付手段和世界貨幣五大職能。1. 價值尺度。價值穩定,大眾認可的黃金天然能夠擔任起衡量和表現商品價值的職能。2. 流動手段。這裡說的是貨幣充當商品交換媒介的職能。在商品交換過程中,商品出賣者把商品轉化為貨幣,然後再用貨幣去購買商品。易分割便攜帶的黃金很好地滿足這一職能。3. 貯藏手段。貯藏手段是貨幣退出流通領域充當獨立的價值形式和社會財富的一般代表而儲存起來的一種職能。黃金可以無損地融化成金飾品,金塊貯藏起來,而在需要流通的時候又可以融回金幣和金條。4. 支付手段。這是貨幣作為獨立的價值形式進行單方面運動(如清償債務、繳納稅款、支付工資和租金等)時所執行的職能。這也是黃金最早充當的職能之一。5. 世界貨幣。黃金在人類中的認可度高,不分種族信仰,人人都知道黃金的價值,認可黃金的價值。從歐洲大陸到印加帝國,從非洲大陸到東方古國,黃金都是永恆的珍寶。人類期望的貨幣屬性與黃金的天然屬性吻合,便有了“貨幣天然是金銀”的深刻理解。當然黃金作為貨幣依然有其固有的局限性,這種局限導致了布雷頓森林體系的崩潰,新的時代並不拿黃金作為日常流通的貨幣,但它依然在人類社會的價值永存。正如丘吉爾所說:“黃金這種元素是能想到的最糟糕的貨幣——除了所有其他元素之外”。
在人們的理解之中,黃金帶有很多的標籤—尊貴、金錢、保值、近期價格攀升等等。從古老的東方國度到古典的歐洲大陸,從公元前的世界到全球化的今天,黃金,一直都是財富的象徵。馬克思曾有一句對黃金廣為人知的描述“金銀不是貨幣,但貨幣是金銀”。在人類社會的不斷發展中,黃金的自然屬性奠定了其社會屬性的基礎。這篇文章我們將重點放在價值最高的黃金身上。金銀作為自然界天然存在的物質,本身並不是為了充當貨幣而出現的。但隨著人類社會的進步和發展,人需要創造所謂的“貨幣”來滿足人類的物質生產生活,這種被人類需要的貨幣的基本屬性全都包含在金銀之中,所以貨幣自然是金銀。那麼,黃金都有哪些屬性呢?1. 黃金極其穩定。黃金幾乎不和其他所有元素反應,你可以用黃金精心打造一隻美洲虎,在1000年以後仍然可以在倫敦市中心的博物館陳列櫃上找到它,完好無損,一如當初。而曾經充當貨幣的鐵,銅,甚至銀,都會較容易地與生活中常遇到物質進行化學反應而降低其自身的社會價值。2. 沒有人類能夠自製黃金。自古以來東西方都有人追求煉金的方法,有人加入各種材料到煉金爐中去,有些人能夠得到金黃色的物質沾沾自喜。但隨著科學理論的深入,我們發現,產生黃金的場景只有兩種可能—宇宙大爆炸和恆星熔爐。作為人類,我們無法憑空利用手中的物質和技術合成新的黃金。3. 全球數量稀少。現今人類已經有7000年的黃金開採歷史了,但是將開採到的所有黃金組成一個立方體,這塊立方體的邊長也不過21m,而我國“水立方”國家游泳中心的高度為31m,長為177m。4. 黃金密度較大。黃金的密度是19.32g/cm³,而白銀的密度是10.50g/cm³,高密度,低總量意味著一小塊的黃金價值巨大,在古代進行大宗商品交易時帶些金條就夠了,但白銀的話可能需要幾百公斤。5. 可塑性強。黃金雖然化學上很穩定,但是在物理形態上具有很高的可塑性。可以鑄成金條進行交易,也可以拉絲裝飾在衣物上,也可以打造成各種種類的黃金飾品。極強的可塑性和極高的穩定性使黃金滿足了人類對於其用途的所有可能。6. 黃金天然富有美感。許多文明都將太陽視為神明,因為它帶來了溫暖,光明,美感和更多的人文意義。元素週期表中的金屬,只有黃金和銅是金色的,而銅又很容易進行化學反應產生“銅綠”。它美的令人難以置信,它的美學屬性使它們成為滿足奢侈、裝飾、華麗、炫耀等需要的天然材料,成為剩餘和財富的積極形式 。7. 黃金本身的使用價值不會與人類賦予的經濟職能發生衝突。馬克思曾在《政治經濟學批判》一書表示,一般金屬在直接生產過程中的重大意義是同它當作生產工具的作用聯繫在一起的。撇開金銀很稀少不談,僅就它比鐵,甚至比銅(指古人所用的硬銅)軟而論,這已經使它不適於這種用途,因此,這在很大程度上使它們喪失了一般金屬的使用價值所依以存在的那種屬性。它不僅在直接生產過程中沒有什麼用處,而且作為生活資料,作為消費對象,它同樣不是必需的。因此,不論把多少金銀投入社會流通過程,也不致對直接生產過程和消費過程發生不利的影響。由此可見,黃金本身的使用價值並不與它的經濟職能發生衝突,它對於人類的唯一用途就是被當做珍寶。黃金自被開採以來,在漫長的歷史中逐漸被認識到其充當貨幣得天獨厚的優勢。過去人們曾用石頭,皮革,鐵器,銅錢等充當貨幣,而今流通貨幣的主要形式是紙幣。可見,黃金並不是貨幣的唯一載體,但是它的天然屬性滿足了人們對理想貨幣的想法,它便有了貨幣價值。那麼,對於人類來說,貨幣需要滿足哪些條件或職能呢?在發達的商品經濟條件下,貨幣具有價值尺度、流通手段、貯藏手段、支付手段和世界貨幣五大職能。1. 價值尺度。價值穩定,大眾認可的黃金天然能夠擔任起衡量和表現商品價值的職能。2. 流動手段。這裡說的是貨幣充當商品交換媒介的職能。在商品交換過程中,商品出賣者把商品轉化為貨幣,然後再用貨幣去購買商品。易分割便攜帶的黃金很好地滿足這一職能。3. 貯藏手段。貯藏手段是貨幣退出流通領域充當獨立的價值形式和社會財富的一般代表而儲存起來的一種職能。黃金可以無損地融化成金飾品,金塊貯藏起來,而在需要流通的時候又可以融回金幣和金條。4. 支付手段。這是貨幣作為獨立的價值形式進行單方面運動(如清償債務、繳納稅款、支付工資和租金等)時所執行的職能。這也是黃金最早充當的職能之一。5. 世界貨幣。黃金在人類中的認可度高,不分種族信仰,人人都知道黃金的價值,認可黃金的價值。從歐洲大陸到印加帝國,從非洲大陸到東方古國,黃金都是永恆的珍寶。人類期望的貨幣屬性與黃金的天然屬性吻合,便有了“貨幣天然是金銀”的深刻理解。當然黃金作為貨幣依然有其固有的局限性,這種局限導致了布雷頓森林體系的崩潰,新的時代並不拿黃金作為日常流通的貨幣,但它依然在人類社會的價值永存。正如丘吉爾所說:“黃金這種元素是能想到的最糟糕的貨幣——除了所有其他元素之外”。
一目均衡圖的應用20世紀30年代末,由一位名叫Goichi Hosada的日本記者提出了Ichimoku Cloud的概念。然而,他的創新交易策略經過了數十年的研究和技術改進後,於1969年正式推出。 Hosada稱之為Ichimoku Kinko Hyo,日語翻譯為“平衡圖表一目了然”。它是如何工作的? Ichimoku Cloud系統根據高低價格指標顯示數據,圖表由五組參數組成:轉換線(Tenkan-sen):以9日為移動平均線。基線(Kijun-sen):以26日為移動平均線。先行帶A(Senkou Span A):通過轉換線和基線的移動平均值預計未來26日內趨勢先行帶B(Senkou Span B):通過52日移動平均值預計未來26日內趨勢。遲行帶(Chikou Span):今日收盤價與過去26日中線的差值。先行帶A(3)和先行帶B(4)之間的空間稱為雲帶(Kumo),該參數是Ichimoku系統中最值得注意的元素。兩條先行帶能夠預計26日內的市場趨勢,因此被視為先行指標。另一方面,遲行帶(5)是一個滯後指標,體現了過去26日的趨勢。默認情況下,為方便閱讀雲帶以綠色或紅色顯示。當先行帶A(綠色雲線)高於先行帶B(紅色雲線)時,會產生綠色雲帶。同理,完全相反的情況下會產生紅色雲帶。與其他方法所不同的,Ichimoku策略使用的移動平均線並非基於燭台圖的收盤價。相反,平均值是根據給定週期內記錄的高點和低點計算的(最高價-最低價的平均值)。例如,9日轉換線的標準計算公式為:轉換線 = (9日內最高價 + 9日內最低價) / 2Ichimoku 設置經過三十多年的研究和測試,Goichi Hosada認為(9,26,52)的周期設置效果最佳。當時,日本的商業時間表中包括星期六,所以9代表一周半(6 + 3天)的時間。數字26和52分別代表一個月和兩個月的時間。雖然在大多數交易環境中該週期的設置仍然是首選,但圖表專家經常根據不同情況調整它們以適應不同的市場交易策略。例如,在加密貨幣市場中,許多交易者通常將Ichimoku的周期範圍設為(9,26,52)到(10,30,60),以此適應7*24小時的市場。甚至還可以直接將周期設置為(20,60,120),以減少錯誤信號的產生。儘管如此,市場上仍然存在如何有效修改週期設置的爭論。雖然有些人認為調整週期是有意義的,但其他人聲稱放棄標准設置會破壞系統的平衡並產生大量無效的干擾信號。Ichimoku交易信號由於其取決於多種元素,Ichimoku Cloud可生成不同類型的信號。我們可能將它們分為動量和趨勢跟踪信號。動量信號:根據市場價格,基線和轉換線之間的關係生成。當轉換線和市場價格中的任何一個或兩者都高於基線時,會產生看漲的動量信號。當轉換線和市場價格中的任何一個或兩者都移動到基線以下時,會產生看跌動量信號。轉換線(Tenkan-sen)和基線(Kijun-sen)之間的交叉通常被稱為TK交叉。趨勢跟踪信號:根據云帶的顏色以及與雲帶相關市場價格的位置產生。如上所述,雲帶顏色反映了先行帶A和B之間的差異。簡而言之,當價格始終高於雲帶時,資產處於上升趨勢的概率更高。相反,當價格在雲帶下方移動則被視為看跌信號,表明將出現下跌趨勢。除了少數個例外,當價格在雲帶內進行橫向移動時,則被認為是持平或橫盤趨勢。遲行帶(Chikou Span)是另一個可以幫助交易者發現和確認潛在趨勢發生逆轉的因素。它提供了對價格走勢強度的預測,在高於市場價格時出現看漲趨勢,或在低於市場價格時出現看跌趨勢。通常,遲行帶與Ichimoku Cloud的其他因素一起使用,不會單獨使用。總結:動量信號· 市場價格高於基線(看漲信號),低於基線(看跌)。· TK cross:轉換線在基線上方移動(看漲),在基線下方移動(看跌)。趨勢跟踪信號· 市場價格高於雲帶(看漲),低於雲帶(看跌)。· 雲帶顏色從紅色變為綠色(看漲),從綠色變為紅色(看跌)。· 遲行帶高於市場價格(看漲),低於市場價格(看跌)。支撐位和阻力位Ichimoku圖表也可用於識別支撐和阻力區域。通常,先行帶A(綠色雲線)在上升趨勢期間充當支撐線,在下降趨勢期間充當阻力線。在這兩種情況下,燭台圖往往更接近先行帶A,但如果價格進入雲帶中,先行帶B也可以作為支撐/阻力線。更重要的是,兩個先行帶可以幫助交易者預測未來26日週期內的支撐和阻力區域。
一目均衡表在主流交易軟件MT4上搭載有29個技術分析指標,其中一目均衡表作為趨勢性分析工具被廣泛使用。尤其在追踪日內趨勢上表現良好,其獨特的價格標示結構也給了使用者非常清晰的指引和更加深入了解市場的視角。一目均衡表由日本傳媒業從業者剛一細田發明,在基本完善了數據結構後,他曾用歷史數據來印證一目均衡表的實用性,這個印證耗費了十幾年的時間,結果證明了其具有高度的可信性和可靠性。第一,簡單介紹一下一目均衡表的基本構成要素。1. 轉換線(Tenkan-sen,紅線):計算方法:(高價+低價)/22. 基準線(Kijun-sen,藍線): 計算方法:(26期內最高價+26期內最 價)/23. 延遲線(Chiko-sen,綠線): 計算方法:當期價格向前移動26期所得。4. 雲上線(Up kumo)與雲下線(Downkumo):兩條線分別是“雲”的上 線和下線,計算方法: 雲上線:(轉折線的值+基準線的值)/25. 雲下線:(52期內價格的最高價+52期內價格的最低價)/2第二,基本用法首先介紹一目均衡表指標框架下的買進策略:1. 入場時機按照一目均衡表指標,買進入場需要滿足以下幾個要件:價格在雲上運行;轉換線在基準線之上(紅線在藍線之上);延遲線指示較為強烈的上升態勢;雲型上行。除此之外,整體圖形皆具有上升動能。2. 出場時機買進出場需要滿足以下幾個要件:市場運行到止盈止損位‘價格運行至基準線30點以上或超過轉換線20點以上。一目均衡表指標框架下的賣出策略:入場時機價格在雲之下;轉折線向下穿越基準線(死叉);延遲線指示強烈向下態勢;三線均未在雲內;出場時機市場運行到止盈止損位;價格運行至基準線30點以下或超過轉換線20點以下。雲區突破交易策略1. 做多入場規則價格距離雲區上沿很近,可以高於或低於雲區上沿;轉折線應該高於基準線;如果轉折線低於基準線,那麼轉折線應該指向上方,並且基準線走平;延遲線標示出強的牛勢動量;價格、轉折線、基準線、延遲線都沒有在雲內。2. 做空入場規則價格距離雲區下沿很近,可以高於或低於雲區上沿;轉折線應該低於基準線;如果轉折線高於基準線,那麼轉折線應該指向下方,並且基準線走平;延遲線標示出強的熊勢動量;未來雲應該是下升雲;價格、轉折線、基準線、延遲線都沒有在雲內;價格不能遠離轉折線或者基準線。日本的技術分析研究比較注重短線交易策略,遵從價格走向,對價格敏銳,能發現微小的價格變動並迅疾做出反應,這些都是亞洲交易技術的特點。