legendary trader

Chapter 693 Chapter 694 The second wave of offensive

After eating, Chen Fan still didn't see Zheng Xiaopang, probably he was still sleeping right now, so he didn't bother to call him again.

It is now past 2:[-] pm, and the European market has already started trading in the morning, so I left the restaurant and hurried to the trading room.

When we arrived at the trading room, it had been cleaned by the waiter. Chen Fan sat in his seat and turned on the computer to quickly enter the market interface.

I just briefly glanced at the gold price trend in the lounge before, and now I am seriously observing the changes in the gold price during the Asian session.

This morning, Chen Fan and Zheng Xiaopang didn't go to bed until the second half of the US market ended and the Asian market started trading in the early morning, because this time period in the early morning is considered a relatively weak trading period in the London gold market. The amplitude of the shock is small, there is no obvious direction, and the impetus to the market operation is relatively small.

In the early hours of the morning, the time period for the U.S. market had just ended, and it is estimated that many Laomi investors did not rest when the later period broke out, so there must be funds from the U.S. to sweep up the goods, and the gold price rose in a straight line.

According to what Xu Jing said, there were people who snatched more fiercely than them. Although Chen Fan was watching the gold price trend at the time, he didn't make any transactions. He didn't feel the madness of the rush at all.

Chen Fan began to review the market from the breakout in the early morning. It can be roughly seen that the market was the most powerful. The price of gold rushed from 279.3 yuan to a position close to 294 yuan in a few minutes, and then suppressed After investors entered the market, the price of gold continued to rise, reaching as high as 299.11 yuan in the intraday session. However, after facing the integer mark of 300 yuan, the Asian market funds were still timid and did not continue to attack.

The price of gold started to pull back during the Asian market, and it has continued until now. The latest gold price is still 298.62 yuan. Obviously, at the moment when the European market opens, European funds have not yet selected the direction of today’s operation. After all, during the US market and Asian market time The price of gold in China has risen continuously, and it has entered an adjustment during the Asian market. At this moment, various institutions in the European market have to analyze what kind of operation strategy they should adopt next.

However, Chen Fan believes that there should be another wave of gold prices. Even if the European market does not break out, the funds in the United States will definitely increase aggressively during the US market at night. Funds participate. After all, capital is profit-seeking. As long as there is a market, there is never a lack of capital participation.

Although Chen Fan has already made a lot of money in the early hours of the morning, Chen Fan has never had even the slightest confidence in Miguo Capital.
Since there is no moral bottom line and interests are extremely important, it is not good to say that not only will people eat all the profits in the early morning, but they may even further expand their interests.

Coercing European funds to participate, it is hard to say that there will be another stab at the critical moment to harvest them.

Chen Fan is a little guessing at the moment, this time the American capital seems to want to make a crazy harvest in the gold market.

In recent years, the real economy of the United States, especially in traditional industries, has lost its dominance in the past. Now they focus on high technology and strive to rule the world again in the field of technology.

The research and development of new technologies and new technologies not only bring huge profits, but also huge capital investment and risks. If a huge amount of money is invested, it may be a huge profit, or it may be a chicken egg.

Are they trying to rob the world to collect money for their new wave of technology?

Chen Fan suddenly had this idea pop up in his mind. He was frantically speculating on the US stock market, attracting hot money from all over the world, and constantly reaping profits in other markets. Why do you need so much money?
It must have thought about where to go. Judging from the current economic development of the United States, emerging high-tech industries should be the first choice.

Now a lot of funds from around the world have begun to flow into the United States a few years ago. These funds are no longer invested through the financial market, but directly invested in many American investment companies, including Sequoia, Blackstone, etc., which are now familiar. Capital, in fact, there are many names of non-American bigwigs in the list of investors.

It can be seen how strong the ability to absorb money in this technological wave in the United States is, and the ability to burn money is only a lot more.

Withdrawing his thoughts, Chen Fan casually glanced at the gold price chart again, and suddenly remembered the time when the European central bank's regular meeting ended. When the news was released, it happened to be the end of the US market. At this time, many investors in the United States should have left their computers. It's time to rest, isn't it?
A bold idea came to Chen Fan's mind again. The Europeans did it on purpose. They deliberately delayed the time past the US trading hours, because they didn't want to give the Americans a chance to make money.

I thought that Zhang Quan seemed to have said that in the afternoon, a car from the US embassy in Brussels had been there.

Chen Fan was bored watching the trend of the gold market. At this time, he had already forgotten the habit of going to the computer room to play a few games every afternoon. At this time, it is better to watch the trend of the gold price more, although it will not benefit him directly. .

The boring oscillating trend lasted until around 3:298.5 p.m., the gold price was supported above [-] yuan, and the gold price began to fluctuate and rise again.

At this time, almost all the investors involved in gold trading in the world are afraid that most of them are watching the market in front of the computer. Although it seems that this wave of gold market has ended, who knows what will happen next ?
The attraction of the gold market is too strong now, and the slightest turbulence in the market will attract a large amount of funds to participate. Chen Fan even thought about backhanding short after the top rush is over. Those funds who missed the market in the early morning are naturally not willing to miss this market. Even if you don't participate in the long market to make money, can't you go short after the market peaks?

Now the price of gold has started to rise again. Although the speed is not fast, it has attracted the attention of the market. After the price of gold rose above 299 yuan, the speed of the price of gold began to rise significantly, which shows that there are follow-up funds starting to enter the market.

The price of gold itself fell back very slowly after getting out of the high point, which shows that there is very strong support for the downside. Most market participants are still bullish on gold, so at this time, the price of gold has the meaning of starting to rise again. The appeal is huge.

Very easily, the price of gold broke through the high point of 299.11 yuan set in the morning market, and then continued to rise sharply, and soon approached the 300-meter mark.

This time, the funds involved in the market were much stronger than in the early trading. They only hovered around 299.90 yuan twice before starting to rush upwards. Chen Fan didn't know how many institutions were pouring money into the market at this moment, but it was visible to the naked eye. The 300-meter round mark of the gold price was broken.

(End of this chapter)