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Yesterday, there was a turning point in the Sino US trade war, and the United States took the initiative to invite China to a new round of trade negotiations. According to reports, US Treasury Secretary Mnuqin has invited the Chinese team to send a ministerial delegation to conduct trade negotiations with the US before the US government imposes a new round of tariffs on China. Market risk sentiment has sharply increased, investors have sold out of the US dollar, and the US index has fallen below95Gateway,goldSharp rise1200An important psychological barrier and successfully closed above that level. Today's market will usher in a "Super Thursday", with three major tests coming one after another. Gold investors need to be careful.
Yesterday, according to sources quoted by the Wall Street Journal, US Treasury Secretary Mnuqin has extended an invitation to the Chinese team to send a ministerial delegation to conduct trade negotiations with the US before the US government imposes a new round of tariffs on China. The location will be in Beijing or Washington for the next few weeks. According to the report, sources have stated that the invitation to negotiate with China indicates that "some members of the Trump administration still hope to make every effort to meet the needs of the United States before imposing tariffs on China." This "negotiation" by the US comes at a time when the US has not yet begun to value2000On the occasion of the imposition of tariffs on billions of US dollars of Chinese goods exported to the United States. Previously, China has repeatedly emphasized that its stance on the Sino US economic and trade issues is firm, clear, and unchanged. The pressure and blackmail from the US will not work. The US dollar index plummeted nearly40Point to94.746The decline has expanded to0.4%, which is the largest daily decline in the past two weeks. The United States announced earlier in the day8monthPPIThe data is-0.1%Less than expected0.2%And the previous value remained unchanged, setting a new record18For the first time in six months, it recorded a decline, indicating that inflation pressure may have eased, and inflation expectations have cooled, exacerbating the downward pressure on the US dollar. Previously, Mexican Economy Minister Guajardo stated that a US Canada agreement was "highly likely" to be reached. After the news was exposed, the US dollar plummeted against the Canadian dollar in the short term40This also puts further pressure on the US dollar index.
Market Review
Yesterday, gold opened at1198After the morning opening, the price began to decline all the way down to1192First line, then the price rebounded again1198First line, then drop again to1192In the evening11Order a large amount of gold to buy and enter, allowing the gold to directly move from1192All the way up to the highest point1108.4The final daily line is1205.9Collecting a big positive line, the high-altitude thinking of yesterday's white market continued to profit2Bo, however, the intervention of institutions in the evening disrupted the trend of gold.crude oilContinuing to rise and brush high yesterday, Asian and European markets rebounded69.50Nearby stability, European market slightly broke through and continued to rise, while US market was affected byEIAThe significant decrease in inventory data is lower than previous values and expectations. Boosting oil prices out of a wave and rapidly rising to previous highs71.30Nearby. But in the end, it closed at a low level and closed at70.10Location. The daily line receives a longer overhead line.
International News
9month12The Japanese dollar fell as investors reduced their safe haven positions in the US dollar after reports that senior US officials were seeking a new round of trade negotiations with China. The rise in gold prices and the decline in the US dollar make gold less expensive for investors holding other currencies. Oil prices have risen after the US crude oil inventory fell more than expected, and Iran's sanctions have added to global supply concerns. We need to focus on Australia on Thursday8Monthly unemployment rate, virtue law8monthCPIAs of9month8Number of initial claims for unemployment benefits in the current weekIEAMonthly crude oil market report, European Central Bank and Bank of England interest rate resolution.
Analysis of International Gold Trends:
From a technical analysis perspective, the gold daily chart continues to collect a small positive line, standing firmly above the Bolin middle track, and the Bolin belt indicator still maintains a contraction operation. The Bolin upper track shrinks downwards to1212The key pressure is formed on the front line, and only by effectively standing on top can gold further strengthen, and Bolin's downward trajectory shrinks upwards1183Forming key support, currently the primary support below isMA5/MA10At the junction of the moving average and Bollinger track1199Nearby,MACDIndicator on0Maintain an upward trend below the axis, with the red indicator showing a tendency to increase again, and the indicator being neutral;4On the hourly chart, Bollinger runs with an indicator opening,KThe line runs on the Bolin Upper Rail Line,MA5/MA10Strong upward trend of the moving average, respectively1202/1199Support is formed nearby, and the track in the forest is1196A key support is formed nearby, which is also the starting point for last night's promotion. Therefore, today we can use this position as the defensive point,MACDIndicator up breakdown0Axis, red volume can be measured with strong indicators.
From a comprehensive analysis of Zhong Ling's theory on gold, it can be concluded that gold is superior to gold1190-1200The volatile trading of the range broke last night, and currently the top is still the first to pay attention1208Pressure, this position has been hindered by multiple rebounds before, and if it does not break through this position, it is expected to be stepped back, but we will not look too much below for now,1202It should be close by, the daily limit1198Nearby, on the other hand, once it continues to break up1208Further investigation reveals that1212And the front high obstruction point1215First line, pay attention to the community within the day1202-1208Look at the large range1198-1215。
Zhong Ling's Discussion on Gold: A Reference Strategy for Gold Day
Active Attack: Suggestion1200-1202Go long and lose1197, Objective1208-1210-1212。
Analysis of International Crude Oil Trends:
There are two main factors that affect oil prices. Firstly, Hurricane Florence is approaching the United States, threatening the gasoline market on the East Coast of the United States. Secondly, the US government's oil price data shows that the US2019The annual growth rate of domestic crude oil production may not be as expected. On a technical level, at the daily level, the Bollinger belt is contracting upward, and the oil price is rebounding near the mid rail with support. Due to the significant rebound in the market last nightAPIPositive data leads to a surge in crude oil70The market closed near the US dollar, and yesterday's overall volatility was2.5About USD;4From an hourly perspective, crude oil has shown a retaliatory rise, forming a bullish bullish stance that eats all moving averages. The moving average diverges upwards, and the market indicators operate within multiple regions. However, due to the large deviation, there is a demand for fluctuations to step back on the moving average.
From a comprehensive perspective, Zhong Ling's discussion on gold suggests that although there may be off-season demand for crude oil and market competition for increased production, the main factor behind the bullish trend still needs to return to Iran's crude oil sanctions. How can we eliminate or make up for the crude oil export gap of this fifth largest exporter of crude oil? This breakthrough in crude oil prices has consumed the bullish forces in a short period of time. Therefore, Zhong Ling's discussion on gold suggests that the Asian market fluctuate while the European market does not break through today71.30.Under this position, choose an opportunity to short and see a pullback. Pressure on70.50-70.60。
Zhong Ling's Discussion on Gold: A Reference Strategy for Crude Oil in the Day
Passive counterattack: suggestions70.50Short space nearby, loss71.0, Objective69.50;
Reminder: Investors need to recognize that for ordinary investors, most of the time they should focus on watching and waiting patiently for the best opportunity to sell. Avoiding frequent trading is one of the recognized winning strategies. Do not attempt to capture all fluctuations, nor expect to judge every segment of the market correctly.
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