Yu Qi's Discussion on Gold:11.22Is the bullish trend of gold returning to its original position reversed, and is there an explanation for the midnight trend operation of gold

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Yu Qi's Discussion on Gold:11.22goldHas the bullish trend returned to its original position, and is there a reversal in the gold midnight trend operation




Message: Thursday(11month22day)During the Asian session, the US dollar index fluctuated narrowly, and the performance of US data in the near overnight period was poor. However, concerns about the international trade situation still exist in the market, and the short-term exchange rate is slightly higher. However, as the Thanksgiving holiday approaches, overall market trading may be restricted; Spot gold is currently experiencing narrow fluctuations, with a technical bias towards long positions;crude oilMarket, overnight oil prices stabilize and rebound, decline in gasoline inventories and drilling data, and their impact onOPECThe expectation of reduced production provides support for oil prices, but is still subject toEIAThe drag of increased crude oil inventories.

Federal Reserve officials have continuously made dovish remarks, supporting the recent rebound of gold. Among them, President Trump accused the Federal Reserve of being a problem and called for a reduction in interest rates, which put pressure on the US dollar and led to a rise in gold prices. According to anonymous senior officials from the Federal Reserve, the Fed is starting to consider at least suspending the gradual tightening of monetary policy and may stop the interest rate hike cycle as early as next spring. this year12The monthly interest rate hike is already a certainty, starting from next year3Starting from the beginning of the month, discussions about the next interest rate hike will become more intense until6The month will be more specific. The US stock market has also experienced a significant correction recently, almost leading to2018The full year gains have been wiped out, which is an important cautious signal suggesting that the US stock market may continue to rise for a long time10The bull market of the year has ended, and if a bear market comes, it will inevitably stimulate gold to rise comprehensively, which is the core logic of the mid-term bullish outlook for gold in the future.

Gold trend analysis: From a technical perspective, the gold price fluctuated and rose yesterday. Although there was a slight decline, the daily chart still ended in a bullish trend, and the Bollinger Bands three tracks remained flat,5Daily moving average and10The daily moving average is gradually turning upwards, providing momentum for the volatile rise of gold. The bullish arrangement of other moving averages indicates that the short-term market trend is biased,stoAlthough the fast slow line crosses downwards in the overbought area, the magnitude of the downward trend is not significant, and it may collapse at any time, forming a second golden cross that extends upwards,macdThe golden cross near the zero axis of the fast slow line continues to diverge, and although the red energy is starting to increase volume, the pace is not fast. From the daily chart, after five consecutive bullish days, the gold daily chart retraces to a bearish column, still showing a negative trendVShape reversal form,MAThe moving average crosses the golden cross,MACDThere are signs of the fast line crossing the slow line, and the green kinetic energy column is shrinking,KDJThere are too many golden cross indicators, with gold bulls occupying the upper middle line. But the three tracks of the Bollinger Bands have opened flat, and short-term gold prices have been consolidating around the narrow fluctuations of the middle track of the Bollinger Bands. If they can firmly hold onto the upper track of the Bollinger Bands, then bulls can challenge it1230On the front line, otherwise, gold will once again face the demand for this pullback adjustment. Overall, the daily chart still shows a strong bullish trend, but due to the lack of continuity in the short-term market, it is advisable to choose a low long layout after a pullback.




from4From an hourly perspective, the Bollinger Bands have significantly narrowed and remained flat, with short-term gold prices consistently below the upper limit of the Bollinger Bands and fluctuating within a narrow range at high levels,5Daily moving average and10The daily moving average extends upwards, but from the current trend structure of gold prices, the overall operating space of gold prices is limited. In addition, the early closure of the US market on Thanksgiving will further limit the operating space of gold prices,stoThe fast slow line continues to extend downwards, but the magnitude of the downward extension is relatively small, and it is still50Running above the axis,macdAlthough the fast and slow lines are oscillating around the zero axis, the red energy still maintains a high volume, but the rhythm is relatively slow. Overall,4Due to limited space above, I am patient and waiting for a pullback near the support level below before entering the long position. However, as the US market is taking a break early, I suggest watching more and moving less. So, for today's midnight trading strategy, Yuqi's personal suggestion for gold is to focus on long positions with a pullback, supplemented by a high rebound, and pay close attention to the upper level1231-1233One line of resistance, pay attention below1220-1222Frontline support. Add author Yuqi LunjinweixinNumber（zyq1970622）Daily market analysis, hedging strategies, and medium to long term guidance are all included. Welcome like-minded people to come and discuss!




gold11.22Midnight operation suggestion:1#Lower callback to1222-1223Long on the front line, stop loss4US dollars, look at the target1228-1230frontline;




2#Above not broken1231-1233Short on the front line, stop loss4US dollars, look at the target1225-1226frontline;

Analysis of crude oil trend: From a daily perspective, crude oil received a long bullish candlestick yesterday, indicating that the upward momentum of gold is hindered and insufficient. Bollinger Bands and Triple TrackMAThe dual line has been in a bearish trend due to the continued decline in crude oil prices in the previous period, while the upper line has been continuously affectedMA5nearby55.3The suppression on the front line, let's first look at the recent lows below52.75Front line support. After the bearish candlestick, a bullish candlestick appears, forming a sharp bullish pattern,KDThe low level of the indicator's golden cross indicates a downward and upward trend, suggesting the possibility of a rebound in prices.




from4From the hourly trend chart, it can be seen that crude oil is still in the middle and lower bands of the Bollinger Bands. Although there are signs of institutions smashing the market to boost oil prices, the boost from drilling last night is still above56.0The suppression of crude oil has not been effectively broken through, indicating that it takes time for crude oil to rebound in the short term to maintain market balance. After crude oil is blocked, it will rebound again54.40Nearby. So in the short term, we can rely on the above55.20-55.40Suppress and focus on the rebound of oil prices, break through and stand firm55.20-55.40If the oil price falls within a certain range, the future market will continue to rebound, otherwise the oil price will further experience a downward trend under pressure. From the hourly chart, crude oil is57.40The nearby market plummeted to52.76According to the analysis of indicators on the golden ratio line, the rebound of crude oil is under pressure55.13-55.68On the front line, the support at the bottom of the indicator is53.2-53First line, so in the short term, crude oil will undergo consolidation and repair after a sharp decline and surge, and the technical gap needs to be confirmed.




Yuqi Lun Jin's personal comprehensive analysis: From a technical perspective, both long and short positions in crude oil have technical support, and we need to operate based on technical factors in short-term trading. However, the recent background condition for crude oil is the oversupply of crude oil in the market. Although various oil supplying countries have taken measures to reduce crude oil production and stretch oil prices, we still cannot see significant changes at present. So, looking at the trend, our operation still needs to go short. On the midnight operation strategy today, Yuqi's personal suggestion for gold is to focus on rebounding at high levels, with long positions as a supplement. Pay close attention to the above55.3-55.5One line of resistance, pay attention below53.0-53.2Frontline support. For specific solutions and operational strategies, please refer to the author Gong Zhanghao: Yu Qi discusses gold.




What to do if a gold short position is covered:1216-18Short position: Currently, the market is in a stage of correction and slow rise, with no major news impact. In the short term, there will still be fluctuations, and a few points of volatility can provide an opportunity to sell,1216-18We suggest timely breakeven or minor loss elimination for empty orders!




1204Nearby empty orders: Before the bull reversal, gold continued to decline in a negative streak,1204The lack of timely stop loss for empty orders is indeed quite serious, and Zhijie's suggestion is to wait for a pullback1216-18Lose orders in a timely manner nearby to avoid further one-sided market trends and missed opportunities!




Cooperation is only the starting point, service has no end. The tree of patience yields the fruit of gold. Mountains cannot stop geese from the south, walls cannot block winds from the north. Without experiencing wind and rain, one cannot grow into a big tree, without undergoing trials and tribulations, it is difficult to become steel. Without experiencing the cold of winter, without knowing the warmth of spring, knives will rust if not sharpened, and people will fall behind if they do not learn. We will create personalized wealth for you. If you are still on the brink of losses, have a portfolio in hand, or have poor overall returns, you can consult Yuqi Lunjin. Regarding the solution-TFriends who are trapped, because Yuqi Lunjin does not know the position and position of your trapped, as long as you find me, Yuqi Lunjin will formulate the most detailed solution for you based on your funds, position, position risk rate, and market trend-TPlan. Time flows like water, fleeting. Seize the moment and do not be blinded by greed.




Comprehensive guidance time:early7:00In the early morning of the next day2:00




Comprehensive guidance teacher:Yuqi's Gold Analysis Team




writing/Yu Qi's Discussion on Gold(WeChat:zyq1970622,official account:Yu Qi's Discussion on Gold)