Qi Meng's Analysis of Gold:9.16Gold fluctuates widely, will crude oil bulls continue the latest market trend analysis and suggestions

9.16goldMarket trend analysis:

The closing bearish candlestick of the gold daily chart is inverted, reaching its highest point1972Nearby, closing at20Above average, the decline in gold has increased, further changing the previous day's upward trend. If the rebound of gold prices does not accelerate, it is highly likely that the trend will continue. The Federal Reserve's decision in the early hours of Thursday is expected to become the final tipping point for the market, and it is highly likely that the news will push to break the recent pattern of sustained volatility. From mid month low point1937Rising all the way to1972，4From an hourly perspective1937The rebound since then still has an upward trend, and with the help of the early morning news from the Federal Reserve today, it is still possible to rise and break through levels.

4From an hourly perspective, there was a wave of bullish and bearish retracement, with inertia breaking the previous day's high but insufficient sustainability. In the short term, there appeared to be a strong bullish trend, but the actual short-term pullback space was larger than the upward space. The trend was not strong, and the oscillation remained. The main style was a saw saw saw like repeated oscillation.4The Hourly Boulevard also began to contract the interval, the small cycle interval1965-1935.Broad oscillation range at the closing of the daily Boulevard1970-1920.Take a look at the local oscillation first. With the continuous decline of the hour chart, overall, it is recommended to focus on high altitude for short-term gold operations,

Short term focus above1960-1966Frontline resistance, short-term focus below1948-1942Frontline support.

     


9.16goldcrude oilOperational strategy reference:


Golden advice1961-64Short nearby, stop loss1968, look at the goal1948-42-37Nearby;
Crude oil recommendations39.3-39.5Short nearby, stop loss39.8, look at the goal38.3-38Nearby. (Suggestion for reference only, investment carries risks, and caution should be exercised when entering the market)