Fan Chenjie:9.8Will a sharp drop in gold hit bottom and rebound? Analysis of the evening trend of gold and crude oil

    goldMessage surface:
    9month8On the day of trading, spot gold recorded a new low in nearly two weeks, approaching the thousand nine mark. Due to the significant weakening of European currencies, which provided support for the US dollar, the US index rebounded for six consecutive trading days. Investors expect that the European Central Bank may issue new warnings about the appreciation of the euro later this week, leading to a sustained decline in the euro; Meanwhile, people are increasingly concerned that an agreement between the UK and Europe may not be reached, leading to an accelerated decline in the pound. GBP/USD refresh8month12The current low point. Some people worry that Johnson may regard Brexit without an agreement as a useful means to distract people from the crisis of COVID-19.
    Gold analysis surface:
    Daily line1900The interval above the checkpoint oscillates; Bollinger shows signs of turning downwards, with gold prices hovering between the middle and lower tracks.MACDDead cross, index below10，KDJDead cross, index at40Below. From a technical perspective, gold tends to fluctuate and fall, but it is expected that it will not fall below in the short term1900Gateway. Preliminary support below, pay attention to last Friday's low point first1916.48Strong support and key focus1900The checkpoint, this is an important psychological checkpoint with strong support. Further support level, look below8month12Daily low point1863.16And Bollinger took the lower track1876.70It also has some reference value. On the upward side, let's take a look first10Daily moving average1940.00Nearby, further resistance in the middle track of the Bollinger Belt1962.40. Strong resistance looking towards last week's high point1992.48. If you continue to charge higher, you can pay attention to it one by one8month18Daily high point2015.59, as well as the Bollinger Belt on the track2048.10. Maybe even test the record high again2075.47
    4Hourly low-level oscillation; Looking at the four hour level, the Bollinger Bands have closed and gold prices hover between the middle and lower tracks of the Bollinger Bands.MACDThe adhesive and green column have weak kinetic energy,KDJDead cross, index at40Below. From a technical perspective, gold is bearish in the short term, but the decline is expected to be relatively limited. Preliminary support below, pay attention to the Bollinger Belt's lower track first1912.40If it falls below, it may even be low before testing1902.89. In terms of upward direction, first pay attention to the middle track of the Bollinger Bands1939.61Looking at the Bollinger Bands on the track at further resistance levels1966.82. Looking at the front high in strong resistance1992.48If it is broken, it will be retested2000The US dollar barrier. Chen Jie suggests a pullback and a long position as the main focus, but attention should be paid above1990Resistance, attention from below1880Nearby. Friends who have no direction in the market or are losing money can find Chen Jie:（fcj66886688）Solve it, even small funds have the conditions for profitability. Large funds make big profits, small funds make small profits, and act within our capabilities!
    Operation suggestions:
    1Suggest using1940-1942Consider short selling and stop loss nearby5US dollars, look at the target1930-1900Near USD;
    2Suggest using1905-1907Consider going long and stopping losses nearby5US dollars, look at the target1920-1930Near USD;
    crude oilMessage surface:
    Crude oil piercing important psychological price points in the early stage40.0The integer threshold is due to the decrease in gasoline demand in the United States, the end of the summer travel peak, which has raised concerns about demand. At the same time, Saudi Arabia has lowered the official price of crude oil, as it is difficult to find enough buyers and the demand side is weak. At the same time, on the production side, OPEC's resumption of production and the resurgence of drilling in the United States have both brought back pressure on oil prices.
    Technical aspects of crude oil:
    Daily crude oil recovery4Waves falling, opening today with a bearish cross, crude oil may have another one5Lianyin,MACDContinue the dead cross downward, and the trend of major bearish positions remains unchanged. Yesterday, crude oil bottomed out and rebounded, then fell into a low level oscillation. The daily chart also closed with a relatively long downward shadow. After consolidation, the European market was weak and broke through the low point in the day. It corrected yesterday and continued its weakness today, falling below yesterday's low point38.5Refresh to a new low38.18On the front line, the short-term space is continued,38The checkpoint is also precarious, so if the European market weakens, the US market will continue, and short positions will rebound39.0Still able to follow up in a short period of time, target38.0-37.5！
    Message from Chen Jie————
    The answer to all questions is never unique and unchanging. Whether the market is going up or down, you cannot control it yourself. Only by keeping up with the pulse of the market can you avoid being eliminated. The market cannot always go up or down, and what is certain is that it will always go right. Risk is an objective, inevitable, and under certain conditions, it also has certain regularity, so we should pay more attention to risk control in operation.
    writing/Fan Chenjie