Xie Hongyuan:5.14Gold remains bullish on the day, how can crude oil be bullish and bearish to profit

already existing 509 Secondary Reading2020-5-14 14:17

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Message surface:

Wednesday(5month13day)Gold prices have risen,6Monthly gold futures once rose nearly20USD, breaking this week's high to1726.5dollar/Ounces, the speech by the Chairman of the Federal Reserve prompted investors to further hedge risks by buying gold. Powell stated that the US economy is facing unprecedented downward risks, and if fiscal and monetary policymakers do not take measures to meet the challenges, it may cause lasting harm to households and businesses. If necessary, more stimulus measures will be taken to alleviate the impact of the epidemic on the economy.

6Monthly Gold Futures Rise0.6%Settlement price per ounce1716.40USD, this is from5month7The largest increase since the beginning of the day. Hongyuan believes that Powell's speech today is very favorable for gold. Powell is expressing that the Federal Reserve is now the support of the economy and they are willing to maintain very loose policies. Powell stated that weak economic growth and stagnant income will continue for a "long period of time",Promise that the Federal Reserve will use more tools in response to the need and call for increased fiscal spending. Spot gold rose as high as0.9%, refreshing the highest point in the past three days to1718.53dollar/Ounces, but after Powell rejected the idea of using negative interest rates as a stimulus tool, gold prices took back some of their gains.

Wednesday(5month13day)International oil prices have weakened and oil distribution has hit a one week low, as the market is concerned that some countries may experience a second wave of COVID-19 outbreaks, thereby extending travel restrictions. Industry data also shows that US crude oil inventories are still increasing. Organization of Petroleum Exporting Countries(OPEC)In fact, the leading country, Saudi Arabia, stated earlier this week that it plans to further reduce production in order to balance the severe oversupply in the energy market caused by the outbreak of the coronavirus. But investors have expressed new concerns about the spread of the virus, offsetting the positive impact of Saudi Arabia's statement.

Gold market analysis:

On Wednesday evening, spot gold slightly strengthened, while the US dollar index continued to be on the defensive. Amid increasing speculation that the US may move towards negative interest rates, Federal Reserve Chairman Powell delivered a speech. In the current pandemic, the two parties in the United States continue to fight fiercely in Congress, which has also increased investor unease. The highest touch of gold1719After the first line, there is a downward trend. The daily chart continues to fluctuate at high levels. In the short term, it is not possible to move out of one direction, and gold is also unpredictable, which exacerbates the frequency of short-term fluctuations within the day. Analysis of intraday trends shows that Hongyuan believes it will fluctuate upwards.

4According to the hourly chart, prices continue to maintain convergence and consolidation. However, relying on the short-term upward trend line, they are quickly hindered from falling back, and prices remain at the top of the previous period1720The strong pressure has stopped, so the price rebound is constantly increasing. In the short term1720It's the recent pressure, strong pressure1725Today's trend should not be unexpected and difficult to break through1725If it breaks through the price, it will be tested again1730This seat. From the overall structure, gold tends to be more abundant. Overall, in terms of short-term operations, Xie Hongyuan suggests taking a pullback as the main approach, with high altitude as a supplement. Focus on the short line above1725Frontline resistance, focus on below1700Frontline support.

The market is constantly changing, and it is necessary to obtain daily online real-time guidance on operational strategies and unpacking strategies. You can directly add your own one-on-one guidance and communicationVX【xhy130910】I will try my best to help you solve your problems.VXJob Title: Xie Hongyuan


Operation suggestions:

1、1725Short selling nearby, target1715-1710Let's take a look1702Stop loss4dollar

2、1710Long nearby, target1715-1720Go up and take a look1725Stop loss4dollar

Analysis of crude oil market:

Yesterday, crude oil experienced a roller coaster ride in a volatile market trend, but the overall pattern is still an upward trend with more volatility. Yesterday, crude oil was in a white market25.0The above trend has risen, and the highest rise has reached26.40The US dollar was on the front line, then rose and fell, falling back to24.70The rebound around the US dollar has ended in a more volatile roller coaster market, with a positive cross star on the daily line. The overall pattern is still more volatile. Today, I suggest continuing to go long, with the main bullish mentality unchanged and the underlying support being24.60Nearby, relying on this support to continue to long, with high altitude as a supplement. Follow Above Short Line27-27.5First line pressure, following below25-24.6Frontline support.

Hongyuan's Message:
[size=3][font= ]If there's nothing more today than yesterday, then what's the meaning of tomorrow,Trading not only precipitates money, but also leaves behind a sense of enlightenment. Coagulation of these through thinking is a form of growth. Optimistic people see opportunities in every crisis, pessimistic people see crises in every opportunity. The market doesn't care who got it right once or twice, but more importantly, it decides who stays. At every critical moment, it looks like everyone is the same, and there are always some differences here. Many people watch the market continue to rise and then rise as soon as they do it. Yesterday, those who first went long and ate meat were beaten, and those who went long were either brainless or mixedKA bit of intuition and experience on the line sets us apart. The upward trend caused by risk aversion is often not so reliable, and there is no follow-up for the time being. The market will take advantage of the opportunity to retreat. Some people may say that Hongyuan has made a hasty move, but those who understand it naturally understand that it is not about how many orders are paired, but what I hope is that everyone can master the skills of thinking about the market.[/font][/size]

writing/Xie Hongyuan(VX:xhy130910Good job: Xie Hongyuan), wandering between the Yin and Yang lines, planning to sell slag up and down! Daily simple and clear morning reviews, afternoon reviews, and evening reviews are available online throughout the day to dissect financial market trends, gain insight into the fundamental trends of the market, and safeguard your funds! I am Xie Hongyuan, your mentor and friend on the road of gold investment.

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