Fan Chenjie:9.13Analysis of the latest trend of gold, market analysis and layout strategy for next Monday

    goldMessage analysis:
    Friday（9month11The US dollar fell, but the index rose for the second consecutive week on a weekly basis; Some analysts believe that the US dollar, as a safe haven asset, still has room for further growth, supported by the uncertainty of COVID-19 vaccine and the global recovery from the downturn caused by the epidemic. Gold price slightly drops, spot gold closes1940.55dollar/Ounces, due to the lack of further stimulus measures from the European Central Bank and the US government, have limited the rise in gold prices. As the peak summer driving season ends and people are concernedOPECCompliance with production reduction agreements, oil prices have fallen more than this week5%, appears4For the first consecutive two weeks since the sharp decline in the month.
    Technical analysis of gold:
    Looking at gold this week, the overall price trend is still in a downward trend of volatility. At the beginning of the week, the volatility hit the bottom and rebounded, and the high point was under trend pressure, turning to continue to decline. The major monthly line is still bearish, and both the weekly high and low points are moving downwards, indicating that the adjustment of gold is still ongoing. The weekly price isMA5Daily line and10At the junction of the daily moving average, the technical indicators tend to fall, and at the same time, on Friday, it closed with a bearish candlestick, which is below the pressure fluctuation of the daily moving average.
    From a technical perspective, gold prices rebounded strongly on Thursday1966Above1970-1975It is the pressure range of the general trend rebound, where the price rebounds before it is touched and loses the daily increase, indicating that the current bearish energy is still relatively strong. After the daily line rises, it has closed at a negative line for two consecutive days, turning into a lower middle track, indicating that it is still in a volatile range and in the short term4On an hourly cycle, prices remain constant for two consecutive days1935-1940The upward trend of the nearby support oscillation did not break through the previous high on Friday, nor did it show a new low. There are not many directional signals in the short term. It is recommended to judge the trend of gold next week based on Monday's trend, and focus on a few points in the operating space. Pay attention to the upper level1955-1960Nearby pressure, followed by1958-1960Short term resistance, focus on below1930-1935Short term support, followed by1920-1925Nearby, the downward trend may touch again1900Near the checkpoint. Overall, Chen Jie's personal suggestion for gold's trading strategy next Monday is to focus on a pullback and take a long position, with a rebound at high altitudes as a supplement. The short-term focus should be on the upper part1955-1960Frontline resistance, short-term focus below1930-1925Frontline support. The strategy is for reference only, and the specific entry points for real-time changes in the intraday market are subject to Chenjie（fcj66886688）The actual offer shall prevail;
    Suggestions for Gold's next Monday operation:
    1Suggest using1952-1954Consider short selling and stop loss nearby5US dollars, look at the target1940-1920Near USD;
    2Suggest using1915-1917Consider going long and stopping losses nearby5US dollars, look at the target1920-1930Around the US dollar.
    crude oilMarket analysis:
    Yesterday, crude oil turned negative and fell on a daily basis. The short-term consolidation did not break the high point of the previous day's bullish rebound, and the continuity of the rebound was insufficient. Pay attention to another decline at the end of the week. The decline has slowed down,4The hourly level stabilizes, and there is a need for correction in the short term. Therefore, we do not consider chasing the empty space first. If we make a round of correction, we can consider leaving the empty space. If we leave the empty space directly, we will definitely not consider it. In terms of going long, the focus should be on the trend of the US index. The US index was hit again yesterday evening, but did not break a new low, and currently has rebounded. In the short term, it is expected that the US index will have limited downward space. After a round of sharp declines, it is not ruled out that it will strengthen and rebound again in the short term. Overall, in terms of short-term trading strategy for crude oil next Monday, Chen Jie's personal suggestion is to focus on rebounding at high altitudes, supplemented by a pullback and long positions, with a focus on short-term trading above38.5-39.0Frontline resistance, short-term focus below36.5-36.0Frontline support.
    Message from Chen Jie————
    Life has no stopping point, reality is just a starting point. If you cherish your feathers too much, you cannot have a pair of wings. There is no tragedy or comedy in the market. Being able to step out of tragedy is comedy, and settling in tragedy itself is tragedy. The business of investing is not about waiting for a good hand, but playing a bad hand. Even the most hopeless orders need to learn to persevere until there is no stop loss, in order to embrace the pleasure after the stop loss.
    writing/Fan Chenjie