Shi Wanjin:4.16Analysis of Gold Market Trends and Suggestions for Crude Oil Operations

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In fact, if you carefully reflect on your investment journey, it is not difficult to find that the most important thing is how to grasp the entry point, rather than worrying about when to enter. Mastering the right entry point allows you to invest at any time and ultimately make a profit before being eliminated. The technique of entering the stage has always been a difficult and even painful concept, something even more difficult to handle than entering. Shi Wanjin believes that many friends must have had the experience of seizing a good entry point, but due to the inability to grasp a good exit point, they may experience a shock or loss midway, a free elevator, or even being trapped from profit to loss. In a situation where the entry is good, being able to grasp the exit point well can ensure the stability of profits. If the entry is not good, but the exit is good, one can correct their mistakes in a timely manner and maximize the control of risk expansion. Therefore, from another perspective, exit is even more important than entry.
goldMarket trend analysis
Technical analysis; On Wednesday, international gold was under pressure. Since the US dollar index rebounded, the market was increasingly worried that the damage of the COVID-19 to the global economy would take a long time, which again strengthened the attractiveness of the US dollar as a safe haven currency. Judging from the daily line, gold closed the physical positive line on Tuesday. At present, with the COVID-19 ravaging the global economy and triggering the introduction of large-scale stimulus plans, gold has been rising in the short term due to the influx of gold to avoid risks.
gold4The unilateral rise of the hour following the short-term moving average, currentlyKIt is difficult to say that the line structure has peaked, but there is a demand for correction in the attached indicators, which have entered a high level of overbought. There may be a possibility of rebound in small cycles, but the main style is to strongly correct the market and replace the pullback space with time for space consolidation. currentlyKThe trend of the line structure has not reached its peak, and after consolidation and correction, it is still optimistic about the bulls. However, at the beginning of the week, the rise broke through the critical point1703In the area, it is still mostly bullish above this level, and it is not advisable to guess the top too early. Unless there is a top shape, the current structure has not yet appeared, and spot gold has recently maintained a seven-and-a-half-year high of volatility.
The unlimited release of water by the Federal Reserve has led to a significant increase in cash flow, while concerns about the worsening global economic downturn caused by the pandemic continue to intensify. Under the guidance of the Federal Reserve, central banks around the world have launched massive stimulus plans, leading to a strong rise in gold prices. Shi Wanjin is currently from4From an hourly perspective, the price has risen strongly and stabilized at the first line of the middle Bollinger Bands. However, after touching the upper line of the Bollinger Bands, there is short-term pressure. Therefore, based on comprehensive analysis, Shi Wanjin suggests short selling at high levels and long at support levels. Pay attention to the upper level1736~1738Resistance, pay attention below1700—1702Support.
crude oilMarket trend analysis
Technical analysis; On Wednesday, crude oil prices maintained a volatile downward trend, hitting their lowest point19.15The proximity of the US dollar20Low level over the years. Under the impact of the pandemic, concerns about a global economic recession have spread, leading to a significant decrease in demand for crude oil. Previously anticipated by the marketOPECThe reduction in production has disappointed the market due to the lower than expected reduction in production, and under the pressure of these factors, crude oil continues to face downward pressure.
From a daily perspective, although crude oil broke through the level again and fell yesterday, it was ultimately affected by the previous low19.0Regional support, American marketEIAThe data is bearish and not falling. For the current crude oil, chasing short is no longer appropriate, and the price has fallen below the previous low point19.27After the position, it rebounded again above the low point, indicating that there is a large buying potential below, forming a double bottom pattern, and it is also the support position of the daily Bollinger Bands. Short term weak inertia exploration is low, but the sustained volume at the bottom is limited. Therefore, there is still a huge downside risk for crude oil. Currently, Shi Wanjin is4From an hourly perspective, crude oil has been under pressure and is currently falling after reaching the mid track pressure. The price has broken through the mid track line, but the mid track has been flat and the price has been fluctuating in the short term. Based on comprehensive analysis, Shi Wanjin suggests that high altitude, low altitude, and long duration operations are sufficient. Please pay attention to the above22.8—23Resistance, pay attention below19—19.2Support.
Mr. Shi Wanjin personally believes that investment itself is a game, not only a science, but also an art. Most people may not understand investment and think it is just about making money. However, the true meaning of investment lies in investors learning to use and control money, that is, the ability to make money. As a financial investment, it is a very special investment. Mr. Shi Wanjin has been engaged in the financial industry for many years, studying international situations and hot events. The financial field is vast and profound, with daily market fluctuations. All I can do is use my years of research experience to help everyone. Friends who often make mistakes in direction and have poor control over entry and exit points, resulting in losses during operations, can communicate with me.Wen/Shi Wanjin  (WeChat:swj178）