Gold fluctuates, crude oil falls back, Liang Qiandong7.29Prediction of the afternoon gold and crude oil market trend

　　goldnews flash:

　　

　　（7month28Spot gold in Japan continues to break record highs, reaching its highest point1981.17USD,COMEXgoldfutures12The monthly contract price skyrocketed, touching2000dollar/Ounces, once again reaching a historic high, with an increase of approximately2.28%. However, due to the recent rapid rise, gold has seen a slight profit selling and decline after breaking record highs1.42%. On Monday, more signs showed that some countries and regions were implementing a second round of lockdown measures due to the spread of the epidemic, which dampened the market's optimistic expectations for economic recovery. At the same time, the active promotion of $1 trillion stimulus measures by the Republican Party in the United States and the market's dovish expectations of the Federal Reserve's resolution this week also provide upward momentum for gold prices. It is worth mentioning that there is a disagreement between the two parties in the United States on the specific details of stimulus measures, and the Republican Party hopes to reduce supplementary unemployment benefits to200The US dollar, lower than previous market expectations, could also dampen market sentiment and provide upward momentum for gold prices if the two parties fail to reach an agreement before the expiration of unemployment benefits on Friday.
　　
From a daily perspective, the price of gold has continued to soar, and as of today, it has8Lianyang, wave amplitude exceeding185USD. In terms of indicators,MACDThe energy of the golden cross and red kinetic column has increased, coupled with the upward movement of the Bollinger Bands, the bullish cloud band has also remained intact, and the signals of various lines remain bullish. The gold price is still optimistic and upward, but it is worth noting that due to the impact of fund smashing in the morning, the gold quickly plunged below today's starting point, andKDJSending a serious overbought signal,The random indicator is turning downwards and attempting to form a dead cross, indicating that gold is facing a decline or high level adjustment. From the hourly line, the price of gold fluctuates back and forth, directly reaching20On the front line of the daily moving average, after a wave of retreat, short-term gold will enter a correction, and bulls will continue to exert strength in the future;KDJThere are signs of a turning golden cross at a low level. Despite a significant drop in gold prices during trading, it is still recommended not to blindly short. Any pullback may be a good time for investors to buy. Overall, in terms of gold's trading strategy today, Liang Qiandong's personal suggestion is to focus on a pullback and take a long position, supplemented by a rebound at high altitudes, with a short-term focus above1957Looking at breaking through resistance on the front line1970 Key short-term focus below1920-1915Frontline support.
　　
　　crude oilnews flash:

　　

At present, the continuous increase of COVID-19 infection cases depresses the prospects of demand and inhibits the optimism of the United States to introduce more stimulus measures to boost crude oil. The expectation of the United States to introduce stimulus measures has raised the market's hope for a stronger recovery of crude oil demand. US crude oil futures price report41.39dollar/Barrel0.50%; Brent crude oil futures price report43.87dollar/Barrel0.07%. Liang Qiandong believes that the weakening of the US dollar provides support for both base metals and precious metals, but oil traders seem to be focused on the economic signals that the weakening of the US dollar is flashing, namely the disruption of demand. The weakening of the US dollar usually helps to improve demand, as it makes crude oil cheaper for global buyers. The economic concerns caused by the lack of signs of a slowdown in the epidemic and the escalation of tensions among major trading countries.
　　
Looking at the crude oil daily line, the Bollinger Belt's three tracks are gradually moving towards the right,MA5Mean Square andMA10The moving average shows a gentle upward trend with a golden cross,KTransit between tracks in BolinMA5Above the moving average,MACDThe fast and slow lines are located above the zero axis and form a dead cross, easing downward. The green kinetic energy is weak and increasing,KDJThe third line runs with a dead cross and a turning head upwards, and the overall performance of the daily chart is somewhat strong;4On the hourly chart, the Bollinger Belt runs three tracks to the right,MA5Mean Square andMA10The moving average crosses upwards and diverges,KLine intersection between the upper and middle tracks in BolinMA5Above the moving average,MACDAt the initial intersection of the fast and slow lines, the upward momentum of the golden cross is showing in red,KDJThe three lines diverge upwards in a golden cross shape. Overall, in terms of crude oil operations today, Liang Qiandong's personal suggestion is to focus on a pullback and buy long, supplemented by a rebound at high altitudes, with a short-term focus on the upper level42.0-42.5Frontline resistance, short-term focus below40.5-40.0Frontline support.