Wen Xi Dian Jin:7.19Gold Trend, Analysis of Gold Crude Oil Operations

International Market Analysis:


7month18The daily US dollar index fluctuated narrowly, basically holding onto the overnight gains. The hawkish speech of Federal Reserve Chairman Powell still provided support for the US dollar, with a short-term trend towards volatile gains; spotgoldTemporary narrow range oscillation, lost overnight1236Important support, although there is still a possibility of short-term retracement confirmation, the downside risk in the medium-term has further increased. original The oil market is experiencing supply disruptions in Libya and Venezuela, causing a slowdown in the decline in oil prices. However, we are still monitoring the follow-up actions of Saudi Arabia and Russia, as well as the latest developmentsEIAprimary Oil storage data shows that the downside risk has not yet eased.


U.S.A6Monthly industrial output rate recorded0.6%Exceeding expectations and previous values, and achieving the largest growth in four months, maintaining the growth in the third quarter, which is in line with subsequent developments22:00Powell is unanimously optimistic about the US economy in the Senate. Due to Powell being a Republican and having close ties with Trump, the market is highly concerned about the independence of the Federal Reserve and whether the risks posed by trade policies will alter the current path of interest rates.


Gold trend analysis:


After a sharp drop and breaking through yesterday's levels, gold consolidated for a short period of time in the morning session and clearly replaced adjustment with consolidation, rising1230After failing, it began to fall back and broke yesterday's low again in the afternoon1225At one point, it approached the trend line for support1220At the critical point, the US Composite Index continues to rise, and the weak trend of gold is also quite obvious. In the evening, bearish sentiment is still dominant. On a technical level, although the daily line breaks below the level and declines, the deviation of indicators has not been fully repaired. Short term continuity needs to be considered, and the hourly line still turns downwards. However, the small cycle continues to consolidate horizontally. In the short term, after the sharp decline is suppressed, it is expected that the time for consolidation and oscillation will not be short, coupled with yesterday's decline1220/22If not broken, then this position may be an important support point! Remember to pay attention!


So how should we proceed today? Firstly, in the context of the previous day's downward trend breaking through the low, the primary condition for judging its strength is the continuity of the European market breaking through the bottom. Therefore, the US market will have the motivation to continue and break through the low again, otherwise it will at best be a shock. Yesterday, it was obvious that the European market broke through yesterday's low again and touched the lowest point21On the front line, while the strong support below will be located1213-15One line position, which is also related to integer relations1200If we continue to break through this position in the later stage, there will still be some sustained momentum below. Overall, gold is still in a downward trend at present, and it is recommended to mainly focus on high prices and supplement with low and high prices for operations. Attention should be paid to the upper levels1230-1236The pressure, let's take a look below1220Frontline breakthrough situation.


Suggestions for Gold Operations:


1Suggest a fallback1220-1222Buy long in batches, default stop loss, target dependent1230/1232frontline;


2Suggest a rebound1232-1230Short selling in batches, default stop loss, target dependent1222/1220frontline.


primary Oil trend analysis:


primary At the level of daily oil prices, currentlyBOLLOperate with a downward opening in a high-volume manner,kThe line runs below the middle track. During the previous trading daycrude oilRunning up to the highest point above68.44Nearby, the lowest running point below is67.03Nearby, in67.61Close nearby. Received a solid shadow column with longer upper and lower shadowskThe end of the day's market trend in line form. The current moving average indicator shows a bearish trend and continues to operate in high volume.MACDGreen kinetic energy column enhances downward space0The dead fork above the axis continues to run downwards with increasing volume.RSIandKDJThe slightly lower turning head diverges upwards to increase volume.


4The hourly break continues with two waves of downward adjustment. Of course, the current decline is treated as an adjustment, not a trend, but a correction in the upward trend. The space is relatively larger, after all4Hour level adjustment space. along with69.20Breaking through this level, this level has been converted into today's resistance, and the rebound will continue to see downward pressure around this level today. But yesterday the Great Yin Space still released quite a bit. Today, it will continue to fluctuate at a low level after the inertia decline, and the price will fall too quickly. The indicator cannot keep up with the downward speed, and it is easy to pause and oscillate after the bearish candlestick, so today's short-term rebound is still bearish. So the original/Short term focus on oil above69One line of resistance, pay attention below67.5Frontline support, break through and continue to focus below67.0Supported by the checkpoint, Wen Xi's personal suggestion for today's operation is to continue to rebound from high altitude.


primary Oil operation suggestion:


1Callback67.7-67.3Nearby, stop loss67.2, Objective68.3-68.8。


2The specific operational strategy for real-time changes in inter market trends shall be based on the actual trading of Wenxi Dianjin!
​
Meeting each other is fate, knowing each other is fate. Wenxi firmly believes that it is fate to meet after a thousand miles, and it is fate not to rub shoulders. The journey of investment is long, and temporary gains and losses are just the tip of the iceberg along the way. You should know that a wise person will make a mistake with a thousand worries, while a fool will make a gain with a thousand worries. No matter what your emotions are, time will not stagnate because of you. Pick up the boredom in your heart, stand up again, and move forward with full gear. At this moment, if you can read here, it means that we are destined to be together. As long as you are willing to share your gains and losses with me, I will be happy to help you solve problems and become your confidant on the investment journey. The stagnation of the heart makes you sit at the bottom of the well and sigh up to the sky. Am I fortunate enough to travel together as a passerby.


writing/Wen Xi Dian Jin