Zhou Jinrui11.21Will gold continue to rise? Analysis of the current price trend of foreign exchange gold and crude oil next week

　　goldMarket trend analysis
　　
Message: Friday(11month20day)In the European market, the international spot gold price fell for the fifth consecutive trading day, with trading at1865Near the US dollar, the weekly trend is expected to decline for the second consecutive week, with gold's charm being hit by optimistic prospects for vaccines and news that the US Treasury has ended its emergency loan program. Previously, US Treasury Secretary Nuchin called on the Federal Reserve to end some large-scale lending, sparking uncertainty about the stimulus plan, which played a key role in calming financial markets. US Treasury Secretary Nuchin Demands Fed Return3Unutilized in the large-scale epidemic rescue plan for the month4000More than a billion dollars in funds, so that Congress can redirect these funds to stimulate the economy. These funds were originally used as emergency loans for enterprises, non-profit organizations, and local governments. The Treasury's move means that it is considered a key crisis response plan by the Federal Reserve to maintain economic stability, with most of it expected to12month31Draw the end of the day. Zhou Jinrui believes that if the Federal Reserve does begin to scale back its aid program, it may once again pose resistance to gold prices, and the currency depreciation argument that supports gold prices may cool down.
　
Technical aspect: The daily closing line is a hammerhead line, with high prices not breaking the previous high and low prices breaking the previous low. There is a tail off trend, and there is a long shadow line left after the late rebound. The moving average system runs coherently above the gold price, forming resistance. The Bollinger belt shows signs of closing, facing a choice of direction, and the overall performance of the high is hindered. The four hour level shows that gold has been given after last week's decline in the major negative line1850Nearby, there was stabilization, and gold prices rebounded, followed by a wave of upward movementABCAdjust the waves to1899The position is obstructed, and the trend of gold prices turns downward, breaking through the divide between long and short periods of upward waves, further turning down, and reaching the lowest point1852Horizontal stabilization occurs, starting from1899reach1852This wave of falling waves has increased in magnitude, further changing the previous pattern of gold adjustment rising waves. However, we also need to note that gold prices are1856-1863The range has operated on a fluctuating platform, showing signs of stabilization, and the indicator is also a low gold cross. It is expected that the gold price will experience a trend of first rising and then falling today, so be cautious of the probability of a direct decline. Overall, the short-term operation strategy for gold next week was mainly based on low bullish prices as suggested by Jinrui last week. Follow Above1895-1899One line of resistance, pay attention below1850-1855Frontline support. At present, friends who have nested orders in their positions are unable to provide corresponding unwinding strategies due to the author Zhou Jinrui's lack of knowledge about the location of your nested orders and the specific situation of your positions. Friends who need to unwind can use a single linezjr8527obtain.
　　
　　crude oilMarket trend analysis
　　
Message: Friday(11month20day)European market, US crude oilfuturesPrice trading42Near the US dollar, the weekly trend is expected to close higher for the third consecutive week, with hopes of an effective vaccine coming out this week and the Organization of the Petroleum Exporting Countries and its allies(OPEC+)Factors such as the possibility of further production cuts have supported oil prices, but concerns about energy demand caused by the increase in virus infections and the implementation of lockdown measures by several countries have limited the upward space for oil prices. Overall, with the worsening of the European and American pandemic, the current recovery rate of global oil trade is slower than previously expected. Short term oil prices may still fluctuate and linger. Zhou Jinrui believes that the current calm is before the storm, and the vaccine is about to arrive. However, there will be fluctuations in the near future, and the epidemic is undoubtedly suppressing the market. But especially for the crude oil market, there may be new OPEC organizations(OPEC)Price war.
　　
Technically, from the daily crude oil production line, the Bollinger Belt operates with three tracks facing upwards,MA5Mean Square andMA10The moving average turns upward with a golden cross,KLine intersection between the middle and lower tracks in BolinMA5Above the moving average,MACDThe fast and slow lines appear as a golden cross above the zero axis, flattening to the right, and the red kinetic energy gradually decreases,KDJThe gold cross of the third line trading diverges upwards, and the daily chart market shows a certain bearish trend; Zhou Jinrui from4From the hour chart, it can be seen that the opening of the Bollinger belt runs upwards,MA5Under the moving averageMA10The moving average crosses the golden cross upwards,KLine intersection at Bolin Lower Rail LineMA5Above the moving average,MACDThe intersection of the fast and slow lines gently moves upwards, and the red kinetic energy gradually increases,KDJThe third line diverges upwards in a golden cross, and there is still some room for short-term action in oil prices. Overall, the short-term operation strategy for crude oil next week was mainly based on low high, as suggested by Jinrui last week. Top short-term focus43.5-44.0Frontline resistance, short-term focus below40.0-40.5Frontline support. The market is constantly changing, with more real-time market analysis and timely operational strategies added.Author Zhou Jinrui（zjr8527）Daily market analysis, unwinding strategies, and guidance on medium to long term layout are all included.