Shi Wanjin:4.17Gold under pressure continues to experience more pullbacks, will crude oil still fall? Trend operation

[paragraph]
The important thing in trading is not the number of times it is done, but how to minimize risks and maximize profits. I believe everyone understands this, but few people can do it because they are too greedy and always want to become rich overnight. Any success in the world requires time accumulation, including the ability to give up, especially in the financial market. The financial market is actually very fair, and the price trend is the same for everyone. The difference is that each investor's awareness and understanding of the market after seeing it are the samekLines indeed create a different life, always putting risk first. Profit is definitely obtained by controlling risks well, not by blocking them.
goldTrend analysis:
The current gold is still in a process of oscillation and slow decline. Once it breaks the level1680Visible below1660Area, operational guard1700Pressure level is empty, gold rebounds in the US market1690The area is once again empty, relying on1700Defense at the checkpoint, gold will continue to decline at this position.
From the perspective of daily chart structure,10After breaking through the daily chart, there is a possibility of a pullback1670-1660Nearby. Pay attention to the above within the day5Daily line1708-1700Nearby stress test, as long as the market does not return5On the daily chart, there is still a high possibility of further short-term market correction.
Gold combined with hourly chart double top pattern, after yesterday's gold surge and rapid decline, broke the level again today1708Support, gold adjustment is activated, and it is in callback mode, directly reaching1680Region. Next, we will choose high and short positions, relying on the European market1708The main support is bearish, and gold will continue to fall in the future, possibly even falling to1660Area.
proposal1708Short selling, stop loss1713, Objective1690-1680；
proposal1680Long, stop loss1675, Objective1695-1705；
crude oilTrend analysis:
Crude oil prices continue to fluctuate downwards and are currently at18At a low level, OPEC's production cuts are not enough to alleviate concerns about oversupply in the current crude oil market; In addition, crude oil reserves in multiple countries are already at a high level, and the increase in inventory is limited. This continues to put pressure on oil prices.
According to the daily structure, there is still a risk of further decline and correction in US oil prices in the short term, as the market is under pressure5The daily average is running below the daily limit, and the daily moving average is showing a cross downward trend, so it is technically difficult to regain momentum. This requires bullish news on the fundamentals to support it. However, currently there is a lack of bullish news on the fundamentals, whether it is related to production cuts or demand under the impact of the epidemic, which restricts the short-term rebound space of US oil. In the later stage, the market may only further rebound after the fundamentals can be stabilized.
From a technical perspective, crude oil is still maintaining a very weak and fluctuating downward trend. However, in terms of location, the space for oil prices to fall is already very limited. With oil prices falling below the extraction costs of multiple oil companies, the downward space for oil prices is far smaller than the upward space. Therefore, European market prices have fallen18Continue to participate in long positions nearby. It should be noted that currently in the process of crude oil exchange, the quotes provided by securities firms may be different. Please pay attention to your respective prices. It's definitely not suitable to chase short at such a low level. It can only be a low long ambush. At night, it's still mainly a low long bullish trend, relying on the bottom17.5Support the light warehouse first, pay attention to the above20.5Regional pressure, just add warehouse after breaking through, the first thing to test above is23The pressure zone.
proposal17.5Long above, stop loss17.0, look at the goal19-20frontline
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）