Chen Zeqiang:5.13Analysis of the latest international gold market trend, gold and crude oil prices...

Acquaintance is fate, acquaintance is fate. I firmly believe that it is fate to meet for a thousand miles, and it is fate to wipe our shoulders without a share. The journey of investment is long, and temporary gains and losses are only the tip of the iceberg along the way. You should know that a wise man who has a thousand worries will have a loss, and a fool who has a thousand worries will have a gain. No matter how emotional you are, time will not stagnate due to you. Pick up the boredom in your heart and stand up again to pack up and move forward. At this moment, being able to read here indicates that you and I are destined. As long as you are willing to share your gains and losses with me, I will be happy to help you overcome difficulties and become your confidant on the investment journey. The stagnation of your heart makes you sit at the bottom of the well and sigh in the sky. Am I fortunate enough to accompany you as I pass by.

　　goldMarket trend analysis:

Gold suffered a Waterloo yesterday and Thursday. Although it closed positive on Wednesday, it did not change the bearish trend of gold. As I mentioned in yesterday's article, a single positive on the daily line is only a correction of the bearish pattern, and the market is not firm and there is no sign of bottoming out. After the adjustment, it will inevitably return to a weak decline, reaching its lowest point as of early today1810frontline.

If the daily level continues to be weak, it means that bears will continue to decline, but we cannot ignore the short-term rebound correction. Since the market has plummeted by dozens of points, it is normal to rebound by around ten to twenty points for correction, which is also within an acceptable range of correction, just like the bottoming out this morning1810After rebounding, it did not exceed expectations.

We still maintain a high altitude layout today, with a focus on1830The top and bottom support resistance conversion on the front line, currently, gold is approaching1830I think it's an opportunity to lay out empty orders nearby, but the daily line5The daily moving average is suppressed at1837Above, for the lower empty orders, I suggest everyone participate in the light warehouse. If you touch1837Afterwards, we will focus on the layout. I am skilled in trend trading and have extensive experience in fund planning, position management, and risk control. I can provide real-time tracking experience by contacting myself. Free sharing of transaction learning materials. We have now opened a strategy experience group, and interested friends can click on the avatar to contact me.

In addition, after the early market bottomed out and rebounded,4Hourly take-up is a long down shadow, if the European disc1830If it cannot be effectively suppressed, it may be a volatile market on Friday, so the possibility of continuing to break through the low is not high. It can be suppressed1830Continuing to decline below has the momentum to break new lows. In short, the short selling mentality remains unchanged, and its position can be optimized and considered.

Golden Today's Operation Ideas:

① Bottoming out1810Quickly pull up the rear,4HReporting lowTProfile, description1810-11There is strong support, and the focus is on whether there is further rebound action in the European plate. If the tension in the European plate is slightly higher, it will rebound to1837-38It is possible for all frontlines, as this is a relatively safe empty single point position for the day.

② If gold prices continue to rebound weakly after the opening of the European market and fail to break through1836First line, then empty orders may need to be moved down to1833-35If the first line participates, the early market bottoms out and rebounds, and the European market does not rise, then the probability of the US market continuing to decline is extremely high.

③ European disc front and rear connection1830Failed to break through, according to the current trend1830It shouldn't be a big problem, but if we say we can't break through the low level horizontal market1830So, it indicates that the gold price is still extremely weak, and the white market can be considered1810-11To pick up multiple orders on the first line, empty orders can only be received in advance on the eve of the US market1825-26Get involved.

　　crude oilLatest market analysis:

Technical analysis of crude oil: Crude oil experienced a downward trend yesterday, rebounded and closed higher, recovering from the previous day's decline and losing ground, while also reaching a high point and exiting a small cycleVType reversal, strong recovery104.10After the high point, the weak downward pattern was broken. Bounce highest touch106.40.Returning to the high range and sawing. Breaking through yesterday104.0Afterwards, perform one more backhand short shot to complete the bag placement in the pan, with frequent switching between local long and empty positions. Accompanied by a wide base saw, the daily high sun rises and swallows up the small yinKThe short-term and short-term fluctuations have returned to the range, and the continuity of the two yin and one yang is insufficient. It has not yet left the unilateral trend.4The hour chart shows a wave of low and continuous positive recovery, with nearly half of the lost ground. The pace of rapid decline and recovery, as well as sawing and fluctuating. The reversal of long and short is fast, and the gains and losses at critical points are crucial. Once the critical point of strength is missed, the predetermined rhythm will change, and the daily Boulevard will continue to close, and in the short term, it will maintain a wide range of oscillations. Overall, Chen Zeqiang suggests that the short-term operation strategy for crude oil today should mainly focus on a pullback to lower levels, supplemented by a rebound to higher levels, with a focus on short-term operations above109.5-110.0Frontline resistance, short-term focus below105.1-104.6Frontline support.

This article is exclusively authored by analyst Chen Zeqiang. I have always been passionate about the gold and crude oil markets. Due to the delay in online push, the above content is my personal suggestion. Due to the timeliness of online publishing, it is for reference only and at my own risk. Please indicate the source when reprinting