legendary trader

Chapter 696 697 Gold is Coming to the Top
The Nasdaq has risen to around 2840 points, and the stock price of Oracle Software finally got rid of the long-term sideways state. The stock price rose slightly, and fell into a volatile trend again after standing at 11.40 yuan.

However, seeing the stock price finally rose, Zheng Xiaopang seemed to be in a better mood. Seeing the rice stock market go up as a whole, while his own stock was stagnant, the torment was not very pleasant.

However, after scanning the stocks in the portfolio, Zheng Xiaopang said to Chen Fan a little discouraged: "The stocks you control are better."

Chen Fan was still thinking about the gold market, when he heard Zheng Xiaopang's words, he didn't react for a while.

"I said Qualcomm, it's already 27 yuan, an increase of almost 4 points."

Zheng Xiaopang continued.

"I didn't arrange it last night, I have to go up today when the market closes,"

Chen Fan smiled, thinking that there was nothing wrong with it, it was something that had been decided long ago, and it was worth making a fuss about.

When the time was close to the early morning, the international gold price finally hit 315 yuan. Following the momentum of the rise, the gold price continued to rise after breaking the barrier, and soon approached 316 yuan.

However, the trend of this period is a bit unusual in Chen Fan's view. It stands to reason that when the price of gold rises to this level, there should be a lot of selling orders at every level, and there will definitely be a lot of profit taking in the market.

However, after the attack this time, there was no selling order on the market. Just thinking about it at this moment, the price of gold broke through 316 yuan, and Chen Fan frowned even more in the eyes of the current situation.

But fortunately, the gold price has finally started to show signs of fatigue after reaching this point, and the short-term momentum to continue the upward attack began to be insufficient. The rise of the gold price was restrained and began to fall slowly.

The turnover in the market is still very large. Obviously, there is a huge amount of selling orders entering the market at this moment, and the price of gold is a little bit unbearable, so it falls back to below 316 meters to seek support.

I don't know if Zhang Yang has started to sell the list in his hand now.

Chen Fan began to think in his heart that he was asked to prepare 1 million yuan for investment. For safety reasons, it is estimated that Zhang Yang will use 6 to 7 million yuan to go long. According to the current gold trading rules of Jinxin Company, each lot is 1 million yuan. With a deposit of 6 yuan, he can buy 7 to [-] lots.

With the current quotation of 315.86 yuan, the selling price is at least 315.61 yuan. No matter how you calculate the price difference per lot, it is already about 4000 yuan. Thinking of another floating profit of several hundred million yuan, Chen Fan is very happy.

Thinking of this, a smile appeared on Chen Fan's face unconsciously. It was strange that this face fell into Zheng Xiaopang's eyes. The price of gold started to fall back, and this kid was still smiling.

"What are you laughing at? Is gold still going up?"

Zheng Xiaopang leaned over and asked in a low voice.

"No, it's probably near the top."

Chen Fan answered honestly.

"It's about to reach the top? Does that mean Xu Huo closed his position?"

Hearing that Chen Fan said that he was about to reach the peak, Zheng Xiaopang reminded him that he was afraid that Chen Fan would forget again, but in fact he was the most forgetful one.

Chen Fan thought about it in his mind, and then whispered: "I don't need it for now, I estimate that the price of gold should break through 320 yuan. I calculated the profit of ours earlier, and it is estimated to be at least 2 to 3 million yuan."

Zheng Xiaopang is in charge of the financial department of Chaofan Investment. After the final settlement, Zheng Xiaopang will still know how much money Zhang Yang made. There is no need to hide it from Fatty.

Zheng Xiaopang was overjoyed when he heard that he had made so much money, but immediately felt something was wrong, "Did you tell Zhang Yang to start shipping at 315?"

"Smart, Fatty who knows me."

Chen Fan gave Zheng Xiaopang a thumbs up.

"You won't let him ship on a large scale in 315."

Zheng Xiaopang had put away his smile at this time, and said a little seriously.

"Don't you know how to read the board? Is there someone who is shipping together?"

Chen Fan curled his lips and asked back.

"That's right. If there are really people who ship together, it's not so easy to quote, so go to 316."

Zheng Xiaopang nodded, agreeing with Chen Fan's statement, he should just start to lighten his positions, not leave the market quickly.

"However, it is estimated that it will be difficult to perform much tonight. Some profitable companies will definitely leave the market during this time period. The driving force for the continued rise of gold prices should mainly come from follow-up funds."

Chen Fan still analyzed objectively at this moment, how could he continue to buy if he opened a position early and was looking for an opportunity to leave the market at this time.

"Leave in the shock, no, I have to call Zhang Yang to ask what's going on there."

Zheng Xiaopang couldn't sit still anymore, he took out his phone and dialed it, but he also knew it was not good to make a phone call here, so he got up and went out.

Chen Fan just glanced at him, didn't speak, and didn't follow him out.

Now the price of gold obviously has funds to leave the market, so the price of gold has been falling slightly. It has been almost 20 hours since the outbreak in the early morning. In the short term, due to the stimulus of good news, the gold market this time has actually entered end.

Chen Fan still plans to call Xu Jing when the price of gold rises to around 318 meters, and let her start to leave the field slowly, not to run too fast, otherwise the price of gold will be lowered all at once, and a lot of profits will be lost .

Zheng Xiaopang had been out for a long time this time, and he came back about ten minutes later, but with a relaxed and happy expression on his face, it was obvious that he had asked Zhang Yang about his position and floating profit.

The time has passed 11:12 and is about to approach 316:317, the international gold price started to rise again. The gold price quickly broke through [-] yuan and then continued to rise. The sudden strong trend made the funds that were planning to gradually withdraw from the market seem to be depressed again , Selling orders in the market decreased significantly, and the price of gold rose very quickly this time, breaking through [-] yuan in a few minutes.

At this time, Chen Fan couldn't sit still anymore. Judging from the current time, there should be funds that want to take advantage of this time to raise the price of gold, and then, of course, it is time to ship.

"What did Zhang Yang say?"

Chen Fan couldn't hold back anymore, and asked Zheng Xiaopang in a low voice. After Zheng Xiaopang came back, Chen Fan didn't ask about the situation there.

"The order is being issued slowly over there, and it is said that more than ten thousand hands have been sold."

Zheng Xiaopang heard that Chen Fan's tone was a little nervous, so he replied without making a decision.

"Contact him again and tell him to leave the arena faster. I will also talk to Xu Jing here. After this rush is over, the chances may not be great later."

Chen Fan's voice was very soft, and he took out his mobile phone, but he didn't make a call, but signaled Zheng Xiaopang to go out and make a call.

Zheng Xiaopang naturally understood Chen Fan's meaning in seconds. He quickly took out his mobile phone and dialed out while walking. After walking out of the trading room, the phone was connected. field."

At this time, Chen Fan also got up and walked out of the trading room behind Zheng Xiaopang, and dialed the phone. After Xu Jing answered the phone, Chen Fan also said in a guilty tone: "Start with small orders, once the gold price breaks through later 320 yuan and leave at full speed."

(End of this chapter)